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Shell annual profit drops to $16 bn as oil prices fall![]() London (AFP) Jan 30, 2025 British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs. Profit after tax fell to $16.1 billion in 2024, the company said in an earnings statement. Revenue dropped nearly 11 percent to $289 billion in a year that saw Shell backtrack on some key climate targets. Oil prices came under pressure from weakness in the Chinese economy while the cost of gas has fallen heavily since soaring after the invasi ... read more |
New Green Phosphonate Chemistry ExploredBerlin, Germany (SPX) Jan 30, 2025 Phosphorus, a vital raw material, is in dire need of more efficient recycling methods. The increasing demand for environmentally sustainable production techniques for organic phosphorus compounds hi ... more
Trump's point man for drilling agenda confirmed by SenateWashington (AFP) Jan 31, 2025 The US Senate on Thursday confirmed Donald Trump's pick to lead the Interior Department, a role that oversees the nation's vast public lands and waters that are vital to the president's agenda of expanding drilling. ... more
Turning farm waste into sustainable roadsCoral Gables, FL (SPX) Jan 30, 2025 A typical road is made of rocks and sand held together by petroleum to create the smooth surfaces we drive on every day. But some of these materials come at a cost: during the production and install ... more
Zero Emissions Process for Truly Biodegradable Plastics DevelopedDateline: Madrid, Spain (SPX) Jan 30, 2025 Plastic pollution is a pervasive problem, with petrol-based plastics found in various everyday products, from packaging to clothing. These plastics, once discarded, break down into microplastics tha ... more |
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Trump moves to redesignate Houthi rebels as a Foreign Terrorist OrganizationWashington DC (UPI) Jan 23, 2025 President Donald Trump moved on Wednesday to re-designate the Iran-proxy Houthi militia as a Foreign Terrorist Organization, as he continues to undo the policies of former President Joe Biden during his first days back in office. ... more |
126 NGOs oppose funding of TotalEnergies Mozambique LNG projectWashington DC (UPI) Jan 22, 2025 An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies. ... more
For clean ammonia, MIT engineers propose going undergroundBoston MA (SPX) Jan 22, 2025 Ammonia is the most widely produced chemical in the world today, used primarily as a source for nitrogen fertilizer. Its production is also a major source of greenhouse gas emissions - the highest i ... more
Oil spill unchecked in Nigeria's delta region: activistsLagos (AFP) Jan 21, 2025 Oil has spilled for weeks in Nigeria's delta region from a well apparently damaged by thieves and which has also sparked a fire that has yet to be contained, environmental activists said Tuesday. ... more
Trump leaves Paris climate agreement, doubles down on fossil fuelsWashington (AFP) Jan 21, 2025 President Donald Trump on Monday announced the United States' withdrawal from the Paris climate accord for a second time, a defiant rejection of global efforts to combat planetary warming as catastrophic weather events intensify worldwide. ... more |
From lab to field: CABBI pipeline delivers oil-rich sorghumOmaha NB (SPX) Jan 20, 2025 Researchers at the Center for Advanced Bioenergy and Bioproducts Innovation (CABBI) have developed a new sorghum variant that can outperform soybeans in oil production, with great potential as a cle ... more ![]() |
Nord Stream methane release highlights scale of emissionsBerlin, Germany (SPX) Jan 16, 2025 In late September 2022, damage to the Nord Stream pipelines led to an unprecedented release of nearly 500,000 tonnes of methane into the atmosphere. This represents the largest single event of metha ... more
Breakthrough process converts CO2 and electricity into protein-rich foodLos Angeles CA (SPX) Jan 16, 2025 Researchers from Xi'an Jiaotong University and the Tianjin Institute of Industrial Biotechnology, Chinese Academy of Sciences, have developed an innovative method to produce single-cell protein (SCP ... more
Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giantBeijing (AFP) Jan 16, 2025 Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. ... more
Green hydrogen faces critical challenges in bridging ambition and realityBerlin, Germany (SPX) Jan 15, 2025 "Over the past three years, global project announcements for green hydrogen have almost tripled," says PIK researcher and lead author Adrian Odenweller. "However, only seven percent of the productio ... more |
Methane leaks from Nord Stream pipeline blasts revised up: studiesParis (AFP) Jan 15, 2025 A series of underwater explosions that ruptured the Nord Stream gas pipelines in 2022 caused the largest known methane leak on record from a single incident, according to new research published on Wednesday. ... more
BP nears deals for oil fields, curbs on gas flaring in IraqLondon (AFP) Jan 15, 2025 Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday. ... more
Iraq and UK reach mega-infrastructure deals in reset of tiesLondon (AFP) Jan 14, 2025 Iraq's Prime Minister Mohammed Shia al-Sudani met Tuesday with his UK counterpart Keir Starmer, securing a GBP 12.3 billion ($15 billion) trade and investment package during a UK visit hailed as a "new era" in ties. ... more
Wealthy nations fail to agree curbs on fossil fuel financeParis (AFP) Jan 14, 2025 Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the OECD said on Tuesday, days before climate-sceptic US President-elect Donald Trump takes office. ... more |
Shipping emissions mandate led to spike in global temperaturesIthica NY (SPX) Jan 14, 2025 The summer of 2023 saw a surprising increase in global temperatures, even within the context of the ongoing greenhouse gas-driven warming trend. Many scientists were flummoxed. Their simulations did ... more
UK-Iraq London talks to mark 'new era'London (AFP) Jan 13, 2025 British Prime Minister Keir Starmer hosts his Iraqi counterpart Mohammed Shia al-Sudani on Tuesday for talks on trade, security and migration hailed by Baghdad as marking a "new era" for the countries' ties. ... more
Xi's special envoy attends Maduro inauguration: XinhuaBeijing (AFP) Jan 11, 2025 Chinese President Xi Jinping sent a special envoy to attend the third swearing in of Venezuela's Nicolas Maduro, state-run Xinhua reported Saturday, underscoring Beijing's lonely position as one of Caracas's few international allies. ... more
Kazakhstan fines oil giants over $6 mn for pollutionAstana, Kazakhstan (AFP) Jan 10, 2025 A Kazakh court on Friday fined a consortium of oil companies over $6 million for excessive gas flaring from a giant oilfield under the Caspian Sea. ... more |
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The biobattery that needs to be fedBerlin, Germany (SPX) Jan 10, 2025 Fungi, a fascinating kingdom of life more closely related to animals than plants, display incredible diversity. They range from edible mushrooms to molds, single-celled organisms to the world's larg ... more |
Norwegian gas production hits record high in 2024Oslo (AFP) Jan 9, 2025 Norway's gas production, which has become crucial to replace Russian supplies to Europe, hit a record high last year, the Norwegian Offshore Directorate said on Thursday. ... more
Biden issues major coastal protection before Trump handoverWashington (AFP) Jan 6, 2025 US President Joe Biden on Monday banned offshore drilling across an immense area of coastal waters, weeks before Donald Trump takes office pledging to massively increase fossil fuel production. ... more
Oil spill from Russian tankers spreadsMoscow (AFP) Jan 2, 2025 Oil that leaked from two stricken tankers off the Russian coast has been detected on more beaches on the annexed peninsula of Crimea, Russian authorities said, as volunteers mount a massive environmental cleanup operation. ... more
Ukraine halts transport of Russian gas through its territoryWashington DC (UPI) Jan 1, 2025 Ukraine says it has stopped Russia from transporting natural gas through its territory as of early New Year's Day out of interest for its national security. ... more |
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