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...OECD countries have held a second round of closed-door talks in Paris to debate proposals by the EU and UK to cut off most export credit agency loans and guarantees for oil, gas and coal mining projects,...
...Shell and other producers, argue LNG has a role to play in the energy transition because, when burnt, it produces half the CO₂ of coal for the same amount of energy and 30 per cent less than oil....
...In 2022 about 42mn tonnes of CO₂ were captured by carbon capture and storage infrastructure around the world, according to RFF....
...“If you talk to the oil people they are going to say the only way we can meet this energy demand is to use fossil fuels, but many of the customers of these data centres have made net zero CO₂ commitments...
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...US oil and gas production under his presidency has outstripped that of any country in history....
...Fracking — hydraulic fracturing, which uses fluid to release oil and gas from underground rock formations — has driven a huge increase in US fossil fuel production over the past 20 years....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...It also trimmed its forecast for 2025 to 1.1mn bpd, citing greater fuel efficiencies and more electric vehicles as a drag on oil use....
...It also trimmed its growth forecast for 2025 to 1.1mn b/d, citing greater fuel efficiencies and more electric vehicles as a drag on oil growth....
...The official added that Ukraine was “systematically implementing a detailed strategy . . . to deprive the enemy of resources and reduce the flow of oil money and fuel”....
...Yet, since before COP28’s agreement to move away from fossil fuels, oil and gas companies have been telling a different story, full of sound and fury, of the demise of the clean energy transition....
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...If governments can accelerate the adoption of electric vehicles and shift heating from the use of natural gas to renewably-generated electricity, then demand for oil, coal and gas will inevitably fall....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Despite criticism over the meeting being chaired by an executive of an oil company, the final agreement from the gathering included a reference to fossil fuels for the first time in three decades of UN climate...
...When Vladimir Putin launched a full-scale invasion of Ukraine, just over two years ago, it sparked a global energy crisis that left western nations scrambling to reduce their reliance on Russian oil and...
...The latest Houthi attack — on a vessel working for commodities trader Trafigura in the Gulf of Aden — has pushed up fuel tanker rates and diesel prices, with shipping executives and oil market analysts forecasting...
...The bulk of Glencore’s emissions are classed as “scope 3” — arising from its customers’ use of commodities such as coal, oil and natural gas that it produces and trades....
...has already cost him his luxury Aspen ranch, his yacht and his shares in Tellurian, the floundering LNG developer he co-founded in 2016....
...fuels and straying from its core mission of promoting energy security....
...Critics also alleged mismanagement and political interference that cost the business billions of dollars, whether through fuel subsidies or refinery building projects that went over budget....
...Rather than a commitment to cut the absolute emissions generated by burning fossil fuels, carbon intensity is an accounting treatment that allows Shell to offset the carbon produced by its oil and gas business...
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