Two energy giants to explore decarbonization potential in Japan
BP and Chubu Electric Power pledge to explore possibilities for carbon capture and storage within Japan’s largest industrial ports.
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French JV forms to ease hydrogen access along Europe's roads
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Shell books record profit for 2022
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Ørsted suffers Q4 loss while booking strong full-year profit
The Danish utility books a loss on the bottom line in the fourth quarter, but nevertheless records a full-year profit while paying out record sums to shareholders.For subscribers
Marathon Petroleum's Q4 earnings surpassed forecast
The US oil refinery operator nearly quadrupled earnings in the last quarter of 2022.ExxonMobil books record result in 2022
US oil and gas giant ExxonMobil makes huge profit off the energy crisis, yet the share price slides nonetheless.Big plans for European hydrogen pipeline network center around Danish island
Three German TSOs led by Gascade are eager to set up a complex hydrogen infrastructure network that will serve as the backbone of hydrogen transmission in Europe, according to senior project manager.For subscribers
Norway's oil fund books record loss
The 2022 loss of EUR 150bn, the biggest in the fund’s history, is primarily attributed to the war in Ukraine, high inflation and surging interest rates.Oil set for monthly drop as Chinese demand, Fed meeting in focus
Prices on oil are heading towards a monthly decline, with traders currently focusing on projections for China’s energy demand and upcoming meetings in the Federal Reserve and among OPEC+ nations.For subscribers
Putin and bin Salman held discussions on OPEC+
The Russian President and the Saudi Crown Prince discussed the OPEC+ alliance two days before the meeting of the cartel and allies.Equinor interested in developing offshore wind in Barents Sea
”If there is an opening for more offshore wind up north, it’s something Equinor will consider,” says senior vice president for project development.Aker Solutions: Decommissioning is a huge and rapidly growing market
”Offshore constructions are neither waste nor junk, but resource banks full of materials that can be given new life in newbuilds,” says Aker Solutions’ Senior Vice President of Decom.For subscribers
Shell announces major structural changes
The oil and gas giant’s announced reorganization of various divisions is part of Shell’s natural ”evolution,” says CEO.For subscribers
TotalEnergies prosecuted for potential 'greenwashing'
Three NGOs have filed complaints over TotalEnergies, now a formal investigation target for French prosecution authorities.Oil prices decline ahead of key meetings
Crude prices decrease slightly ahead of meetings in the US Federal Reserve and OPEC+ later in the week.Maersk Supply Service bags major offshore wind deal in Brazil
Maersk Supply Service inks major Brazilian contract from Petrobras tasking the offshore carrier’s vessel with towing and mooring a floating FPSO production facility to the Búzios oil field within the Santos Basin.For subscribers
Equinor closes takeover of Danish solar developer
Denmark’s BeGreen is now an official subsidiary of the Norwegian oil company.US growth and Chinese rebound support oil prices
OPEC+ delegates will convene on Monday to draft future output quotas, while the group’s tight production policy ahead of the meeting will expectedly be maintained.French strikes envelop oil refineries
A nationwide wave of strikes in France have spread to several sectors, including oil refineries, with deliveries to gas stations being blocked as well.For subscribers
RWE doubles bottom line and exceeds guidance
Preliminary figures indicate a doubling of RWE’s bottom line in 2022. Hydro/Biomass/Gas and Supply & Trading account for most of the earnings.For subscribers
Oil prices plateau ahead of OPEC+ meet and news on EU sanctions
Traders are holding their breath Thursday in anticipation of further information on the EU’s sanctions against Russia and resulting effects hereof.Global clean-energy investments match fossil fuel for first time
New study from BNEF shows that 2022’s global investments in greener energy forms reached parity for the first time with money underwriting fossil fuels – at roughly USD 1.1trn.Chevron rewards shareholders by boosting dividends, buying back stock
The US oil and gas company is raking in money following Russia’s invasion of Ukraine and resulting surge in oil prices.
Latest news
- Two energy giants to explore decarbonization potential in Japan –
- Siemens Gamesa wins double royalties from GE as judge blasts corporate self-interest –
- Scatec exits 2022 with a new loss –
- RWE Offshore Wind inks multi-year deal with Ziton –
- Danish economist: "Market imbalances should be solved by the market" –
- TotalEnergies' investments minimally impacted by Adani media storm –
- Clarksons banks on offshore wind with new US office –
- Bulgaria to keep up export flows of Russian fuels to Ukraine –
- Rivian planning round of layoffs –
- Australia aims to become energy "powerhouse" for EU –
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