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Japan has conducted its first tests of a form of biofuel that further reduces emissions and will be less costly to supply to the maritime industry. The project is part of a government-sponsored effort testing different fuels to reduce emissions from the domestic shipping industry and mirrors similar test projects …

OPEC’s crude oil production held broadly steady last month, with modest increases across most of its African members being offset by declines elsewhere. OPEC members pumped an average of 28.08 MMbpd in October — about 50,000 bpd more than the previous month, according to a Bloomberg survey. Nigeria led the …

Chevron Corp. has pledged to look into potential carbon capture and biofuel operations in Angola through a pact involving its lower carbon division in the USA and the government in Luanda. “Chevron and the Angola Government plan to evaluate various projects related to nature-based and technological carbon offsets, lower-carbon intensity …

Over the past year or so there has been a marked shift in attitudes to energy policies across the world, as many populations and governments increasingly question aspects of some initial net-zero policies and acknowledge the need for reliable and affordable energy access alongside reductions in emissions. Against this backdrop, …

China’s first domestically-produced LNG storage tank of 270,000 cubic meters was put into operation in Qingdao, Shandong Province, on Thursday. It is the largest LNG storage tank in the country, which has significantly increased the supply capability in north China. The tank has a diameter of 100.6 meters and a …

Democratic Senators, led by Chuck Schumer, have called for an investigation into ExxonMobil’s $59.5 billion acquisition of Pioneer Natural Resources and Chevron’s $53 billion purchase of Hess Corporation, citing potential antitrust violations. The lawmakers are concerned that these transactions could disrupt competition, increase gasoline prices, and have negative effects on …

Italy’s Eni could resume LNG exports from its liquefaction terminal in Egypt next month despite uncertainty over the availability of gas flows between Israel and Egypt. Eni CEO Claudio Descalzi told reporters on the sidelines of the FT Energy Transition Summit in London that he expects Egypt to begin shipping …

European natural gas prices declined for a second day as November kicked off with a windy weather outlook and optimism that the war in the Middle East might not impact global fuel flows. Benchmark futures for December declined 0.5% after settling 9.5% lower the previous day. The continent is heading …

The United States, the European Union, and the United Arab Emirates are looking to drum up new recruits in the form of other governments to sign onto a global deal that seeks to triple renewable energy investment, according to new documents seen by Reuters. The COP28 climate summit hosts are …

Russia’s gas giant Gazprom is working with China to further raise Russian pipeline deliveries to the Chinese market and is discussing speeding up the start of supply via the Far Eastern route, Xie Jun, vice president at China National Petroleum Corporation (CNPC), said at a gas forum in Russia on …