Oil News and Gas News
December 06, 2024
OIL AND GAS
Shell, Norway's Equinor to form joint UK oil and gas firm



Oslo (AFP) Dec 5, 2024
British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company. Based in Aberdeen, Scotland, the joint venture "will be the UK North Sea's biggest independent producer", the energy sector heavyweights said in a statement. The new company "will be set up to sustain domestic oil and gas production and security of energy supply in the UK", the statement said. Equinor and Shell will each hold a 50 perce ... read more

BIO FUEL
A new catalyst can turn methane into something useful
Boston MA (SPX) Dec 05, 2024
Although it is less abundant than carbon dioxide, methane gas contributes disproportionately to global warming because it traps more heat in the atmosphere than carbon dioxide, due to its molecular ... more
OIL AND GAS
Shell won't develop new offshore wind projects, cuts oil expolation divison
London (AFP) Dec 5, 2024
British oil and gas giant Shell will no longer lead development of new offshore wind projects, a spokesperson said Thursday, as part of a wider update to its energy strategy. ... more
OIL AND GAS
Experts outline potential for hydrogen fuel production using sunlight
Tokyo, Japan (SPX) Dec 04, 2024
Japanese scientists are pioneering advancements in hydrogen fuel production by leveraging sunlight and water, aiming to reduce reliance on fossil fuels. While hydrogen is predominantly sourced from ... more
OIL AND GAS
AI helps researchers dig through old maps to find lost oil and gas wells
Berkeley CA (SPX) Dec 05, 2024
Scattered across the United States are remnants from almost 170 years of commercial drilling: hundreds of thousands of forgotten oil and gas wells. These undocumented orphaned wells (UOWs) are not l ... more
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OIL AND GAS
Artificial photosynthesis advances with novel solar hydrogen technology
Tokyo, Japan (SPX) Dec 03, 2024
Professor Chiyoung Park and his team at the Department of Energy Science and Engineering, Daegu Gyeongbuk Institute of Science and Technology (DGIST), have developed a cutting-edge solar hydrogen pr ... more
BIO FUEL
Liquid Sun secures funding to scale sustainable aviation fuel production
Berlin, Germany (SPX) Dec 03, 2024
The demand for sustainable aviation fuel (eSAF) is projected to soar, with market value expected to increase from euro 2 billion in 2030 to over euro 60 billion by 2050. Finnish firm Liquid Sun is ... more
OIL AND GAS
QatarEnergy inks gas supply deal for China with Shell
Doha (AFP) Dec 2, 2024
Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the emirate's state energy company said on Monday. ... more
OIL AND GAS
Iraq tries to stem influx of illegal foreign workers
Karbala, Iraq (AFP) Nov 29, 2024
Rami, a Syrian worker in Iraq, spends his 16-hour shifts at a restaurant fearing arrest as authorities crack down on undocumented migrants in the country better known for its own exodus. ... more

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OIL AND GAS
COP29 president blames rich countries for 'imperfect' deal
Paris (AFP) Nov 26, 2024
The tough-fought finance deal at UN climate negotiations was "imperfect", the Azerbaijan COP29 leadership has admitted, seeking to blame richer countries for an outcome slammed by poorer nations as insulting. ... more
OIL AND GAS
Spin-powered crystals enable efficient hydrogen production
Berlin, Germany (SPX) Nov 26, 2024
The production of clean hydrogen through water splitting has long been limited by the slow kinetics of the oxygen evolution reaction, making it inefficient and expensive. However, researchers have d ... more
OIL AND GAS
Petrol industry embraces plastics while navigating energy shift
Washington (AFP) Nov 24, 2024
Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own. ... more
OIL AND GAS
Concern as climate talks stalls on fossil fuels pledge
Paris (AFP) Nov 24, 2024
The failure of UN climate negotiations to double down on a global pledge to move away from planet-heating fossil fuels on Sunday was decried by experts as a "worrying" setback to global progress on curbing warming. ... more
OIL AND GAS
Russian ruble hits lowest level against dollar since March 2022
Moscow (AFP) Nov 22, 2024
The Russian ruble slumped on Friday to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank. ... more
OIL AND GAS
Russia gave N. Korea oil, anti-air missiles in exchange for troops: officials
Seoul (AFP) Nov 22, 2024
Russia provided North Korea with oil, anti-air missiles and economic help in exchange for troops to support Moscow's war on Ukraine, government officials and a research group said Friday. ... more
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OIL AND GAS
Arab Group rejects any COP29 text targeting fossil fuels
Baku (AFP) Nov 21, 2024
A Saudi official said Thursday that the 22-nation Arab Group would reject any UN climate deal that goes after fossil fuels at the COP29 talks in Azerbaijan. ... more
OIL AND GAS
Brazil will not 'shy away' from fossil fuels issue as COP30 host: envoy
Baku (AFP) Nov 21, 2024
Brazil will not "shy away" from championing a phaseout of fossil fuels as host of COP30 next year, even if it is a major oil producer, the country's climate envoy said Wednesday. ... more
BIO FUEL
Turning emissions into renewable methane fuel
Los Angeles CA (SPX) Nov 21, 2024
Researchers at The Ohio State University have developed an innovative process to transform carbon dioxide (CO2) emissions into methane fuel using electricity from renewable sources, potentially resh ... more
BIO FUEL
Turning automotive engines into modular chemical plants to make green fuels
Boston MA (SPX) Nov 20, 2024
Reducing methane emissions is a top priority in the fight against climate change because of its propensity to trap heat in the atmosphere: Methane's warming effects are 84 times more potent than CO2 ... more
OIL AND GAS
Oil execs work COP29 as NGOs slam lobbyist presence
Baku (AFP) Nov 15, 2024
Oil executives descended on the COP29 talks in Baku for "energy day" on Friday as environmental groups denounced the presence of fossil fuel industry lobbyists at the UN climate talks. ... more
OIL AND GAS
Oil execs work COP29 as NGOs slam lobbyist presence
Baku (AFP) Nov 15, 2024
Oil executives and lobbyists descended on COP29 in Baku for "energy day" Friday, as environmental groups denounced the presence of the fossil fuel industry at the UN climate talks. ... more
OIL AND GAS
UK scrambles jets to monitor Russian military plane over North Sea
London (AFP) Nov 15, 2024
UK jets were scrambled to monitor a Russian reconnaissance aircraft flying close to UK airspace, the defence minister in London said on Friday. ... more
OIL AND GAS
COP29: TotalEnergies chief defends oil's climate 'progress'
Baku (AFP) Nov 15, 2024
The head of French oil giant TotalEnergies admitted the sector's role in climate change on Friday but insisted it was making "continuous progress". ... more
OIL AND GAS
Trump taps oil exec, climate skeptic Chris Wright for energy secretary
Washington DC (UPI) Nov 16, 2024
President-elect Donald Trump on Saturday announced Denver-based oil executive Chris Wright as his choice for to head the Department of Energy. ... more
OIL AND GAS
Gore says 'absurd' to hold UN climate talks in petrostates
Baku (AFP) Nov 16, 2024
Former US vice president Al Gore told AFP Friday it was "absurd" for petrostates such as Azerbaijan to host UN climate talks, saying the selection process should be overhauled. ... more
OIL AND GAS
UN climate chief urges G20 to spur tense COP29 negotiations
Baku (AFP) Nov 16, 2024
The UN's climate chief urged G20 leaders on Saturday to push COP29 talks towards a deal to raise money for developing nations as diplomats struggled to find common ground in marathon negotiations. ... more
OIL AND GAS
'Major loopholes' let oil and gas firms leak methane
Paris (AFP) Nov 14, 2024
The world's major oil and gas companies have mostly vowed to stop leaking the extremely potent greenhouse gas methane into the atmosphere, but big loopholes in their pledges risk "exacerbating the climate crisis," a report warned Thursday. ... more
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OIL AND GAS
Oil and gas investment vastly outstrips loss and damage aid: NGO
Paris (AFP) Nov 13, 2024
The oil and gas sector's production hit an all-time high last year with annual investment in deposit exploration averaging $61.1 billion (57.5 billion euros) between 2022 and 2024, German NGO Urgewald said in a report Tuesday, contrasting how that outstrips government climate damage pledges. ... more
OIL AND GAS
Fossil fuel emissions to hit new record in 2024: researchers
Paris (AFP) Nov 13, 2024
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research Wednesday that found no sign the world was moving away from fossil fuels. ... more
OIL AND GAS
Leaders urge climate action - and defend fossil fuels - at COP29
Baku (AFP) Nov 12, 2024
Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them. ... more
OIL AND GAS
US finalizes waste methane fine on drillers, but future uncertain
Washington (AFP) Nov 12, 2024
US President Joe Biden's outgoing government announced on Tuesday a rule to impose fees on the oil and gas industry for waste methane emissions from drilling operations, despite doubts it will take effect under his successor Donald Trump. ... more
OIL AND GAS
Environment groups lose appeal in Shell climate case in the Netherlands
The Hague (AFP) Nov 12, 2024
Dutch judges ruled Tuesday against an appeal by climate groups who said oil giant Shell was not doing enough to curb its greenhouse gas emissions, striking down a landmark judgement three years ago. ... more
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