Earnings , Liquefied Natural Gas , Crude Oil , Energy Transition

Shell 2022 Profit More Than Doubles To Record $40 Billion

The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.

February 2, 2023

Policy & Regulations , Energy Transition

Activist Group Accuses Shell of Misleading Investors on Renewables

Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.

February 1, 2023

Natural Gas , Crude Oil , International , Energy Transition

BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use

The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.

February 1, 2023

Liquefied Natural Gas , Exports

Russia Boosts LNG Exports to Europe by 20% in 2022

According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.

January 31, 2023

Investment , Energy Transition

UniCredit Sets Emission Goals for Carbon Intensive Sectors

UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.

January 31, 2023

Deepwater , Subsea

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

Energy Transition , Technology

Transition in the Trilemma

Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.

January 30, 2023

Liquefied Natural Gas , Natural Gas , Policy & Regulations

EU Hires Firm to Launch Countries' Joint Gas Buying

The European Commission hopes joint gas buying will help Europe to refill depleted storage caverns before next winter and to negotiate lower prices by using EU countries' collective buying power.

January 30, 2023

Energy Transition

Baker Hughes, FFI to Collaborate on Green Hydrogen, Geothermal Opportunities

Baker Hughes will provide expertise and technology to help decarbonize hard-to-abate sectors through green hydrogen, green ammonia and geothermal.

January 30, 2023

Crude Oil , Trade , International

What's Affecting Oil Prices This Week? (Jan. 30, 2023)

Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.

January 30, 2023