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Wood Mackenzie: LNG for Power Generation Emits 'Significantly' Less Than Coal
Wood Mackenzie has published a new report comparing the life cycle emissions of LNG with those of coal for power generation, finding the combustion of coal is related to significantly higher emissions.Wood Mackenzie’s analysis in the report titled 'Shining a light on the ‘coal versus LNG emissions’ debate' reveals the lifecycle emissions of U.S.
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Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional…
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NEO Energy and Repsol to Merge UK Oil and Gas Assets
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK…
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Global Wind Capacity in 2024 Falls Short Despite Reaching a Record
A record 117 gigawatts of wind power capacity was installed worldwide last year, slightly more than in 2023, but far less than needed to achieve goals to decarbonise energy, a report by the Global Wind Energy Council said on Wednesday.WHY IT'S IMPORTANTThe world needs to shift to renewable sources…
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Petroecuador declares emergency at Ecuador's largest refinery after quake
Petroecuador, the state-run oil firm in Ecuador, declared an emergency on the day after an earthquake caused damage to the refinery.
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EIA reports that US oil production rose in February, as New Mexico set a record.
The U.S. Energy Information Administration reported on Wednesday that the total crude oil production in the United States…
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EIA: US crude stocks have unexpectedly impacted export and refinery demand
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles dropped unexpectedly due to higher…
Latest news
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UNICA: Brazil sugar production up 1.25 percent in the first half of April
UNICA, a group representing the industry, announced on Wednesday that sugar production in Brazil’s center-south region reached 731…
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The US-Ukraine mineral deal does not specify whether Washington will benefit
According to a draft of the agreement that is expected to be signed on Wednesday, Washington will have preferential access…
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Gazprom, the Russian energy giant, will return to profit in 2024 with earnings of $14.8 billion
The Russian energy giant Gazprom reported a net profit for the full year 2024 of 1.2 trillion Russian roubles (14.76 billion…
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Gas stocks in Europe could be more stressed this summer due to less hydro and wind.
The wind speed and lower hydropower stock in Northwest Europe could increase demand for gas-fired and coal-fired electricity generation this summer…
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MOL and Turkiye Petrolleri form a joint venture to explore two oilfields in Hungary
Hungarian Oil Company MOL and Turkey’s Turkiye Petrolleri will explore two new oilfields in Hungary, as part of a newly-established joint venture.
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Wood Group, UK misses deadline for 2024 results and faces listing suspension
Wood Group, the British oilfield service firm which is Sidara's target for takeover, announced on Wednesday that it will…
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Palm closes at lowest level in 7 months due to higher production and stock levels
Malaysian palm futures continued to fall for the third session in a row on Wednesday, as market sentiment was still weighed…
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RWE's largest shareholder group is against more share buybacks
RWE's largest shareholder group, RWE municipal shareholders, opposes calls for further share buybacks. This includes activist investor Elliott.
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China's solar sector remains red as the trade war causes problems
China's solar producers reported losses in the last week, as President Donald Trump's Trade War put additional pressure on demand.
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Siemens Energy orders $135 billion in record order volume
Siemens Energy announced a record order book of 131 billion euros ($135.5 billion), boosted by a strong demand for energy equipment.
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Carrefour SA…
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Japan's JERA is seeing increased competition for US LNG from Asia and Europe
JERA, Japan's largest power generator, expects the competition for U.S. LNG to grow as Asia and Europe increase their demand. There are many buyers.
Offshore Oil & Gas
Shale Oil & Gas
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Japan's JERA is seeing increased competition for US LNG from Asia and Europe
JERA, Japan's largest power generator, expects the competition for U.S. LNG to grow as Asia and Europe increase their demand. There are many buyers.
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Financial Times – February 12,
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy.
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Bloomberg News reports that Equinor believes EU may require 350 additional LNG cargoes in order to replenish reserves.
Helge Haugane, head of Equinor's gas and power trading, told Bloomberg News that the European Union could need up to 350…
LNG
Renewables
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Taiwan Environment Minister Eyes Insurance Funds to Help with Green Transition
Peng Chiming, the Environment Minister, said that Taiwan hopes to receive more than $1 billion from insurance funds in order…
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Australia adopts tax incentives for critical minerals
Australia's Parliament has passed laws to give production tax breaks on critical minerals and renewable hydrogen, in an effort…
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Trump administration approves sustainable aviation fuel refinery loan
The energy department of President Donald Trump announced on Tuesday that it had approved the disbursement to Calumet of…
