As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda. The multi-billion-dollar plan was to beat Tesla at the sales game and the …

Turkmenistan’s president is scheduled to travel to Turkey this week for talks expected to focus on natural gas transportation. For decades, thoughts about how to send Turkmen gas westward have centered around the need to build a trans-Caspian pipeline to Azerbaijan. Presumed resistance from Russia has long been the main …

The Federation Council, the upper chamber of the Russian parliament, has voted in favor of legislation to revoke Moscow’s ratification of the Comprehensive Nuclear-Test-Ban Treaty (CTBT). The Federation Council approved the move by 156 votes to zero on October 25, the final stage before it goes to President Vladimir Putin …

Shell plans to cut 15% of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses on profitable projects including in the oil and gas sector. The UK-based supermajor plans to eliminate 200 jobs in its Low Carbon Solutions division next …

Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions. Brent crude futures declined by 28 cents or 0.3% to $89.95 a barrel at 0340 GMT, …

The European Union’s plans to include natural gas pipeline projects that could be converted to carry hydrogen in the EU’s multi-billion-euro program for subsidies to crucial infrastructure projects is support for major fossil gas producers, environmental organizations say. The EU is set to debate and decide in the coming weeks …

The 28th international conference and exhibition ‘Oil and Gas of Turkmenistan – 2023’ (OGT-2023) will start on October 25 this year in the building of the Chamber of Commerce and Industry of Turkmenistan, Trend reports. The organizers of the large-scale forum are the Turkmennebit and Turkmengaz state concerns and the …

QatarEnergy signed a 27-year deal with Eni SPA to supply up to one million tons per annum (MMtpa) of Qatari liquefied natural gas (LNG) to Italy. The signing in Doha follows separate LNG contracts scored by state-owned QatarEnergy from two other European energy heavyweights in France’s TotalEnergies SE and Britain’s …

The Singapore International Energy Week (SIEW) kicks off today. Attendees include top officials, policymakers, and experts across the energy sector. The aim of SIEW is to promote reliable and sustainable energy production while promoting competition in markets. Bloomberg reporter Stephen Stapczynski is at SIEW in Singapore. He posted a video …

Saudi Aramco and Enowa, Neom’s energy and water subsidiary, have signed a joint development agreement to construct and establish a synthetic electro-fuel (e-fuel) demonstration plant. The plant will be located in Enowa’s Hydrogen Innovation and Development Centre (HIDC). The plant aims to demonstrate the technical feasibility and commercial viability of …