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Shell is holding its Capital Markets Day on Tuesday in New York—and analysts expect Chief Executive Officer Wael Sawan to reaffirm the UK-based supermajor’s new focus on oil and gas. Shell was one of the first European majors to pivot back to oil and gas in a 2023 strategy to …

Focused Energy, a U.S.-German start-up pursuing laser-driven fusion power, has signed a non-binding agreement with the largest German electric utility RWE and the state of Hessen to build a fusion research and development facility in Germany, Focused Energy’s CEO Scott Mercer told Reuters on Monday. Focused Energy plans to have …

BP and Apollo have announced that they have reached agreements for Apollo-managed funds to purchase a 25% non-controlling stake in BP Pipelines (TANAP) Ltd – BP TANAP – the BP subsidiary that holds BP’s 12% interest in TANAP, owner and operator of the pipeline that carries natural gas from Azerbaijan …

This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the …

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran. The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity …

China’s state oil major Sinopec reported a net profit of almost $7 billion for 2024, which represented a 16.8% decline on the year, attributed to lower oil prices and electric cars. “In 2024, international crude oil prices fluctuated downward, the domestic transportation industry accelerated the replacement of new energy … …

U.S. firm KoBold Metals, whose backers include billionaires Bill Gates and Jeff Bezos, is seeking to develop a huge hard rock lithium deposit in the Democratic Republic of Congo as the African country, which also has large cobalt, gold, and cobalt resources, is seeking a minerals partnership with the United …

India’s dependence on crude oil imports is on track to set a record high in the fiscal year ending March 31, 2025, as Indian fuel demand continues to grow while domestic crude production remains flat. India imported 88.2% of the crude it consumed in the April 2024-February 2025 period, according …

Japan’s national nuclear research and development institute has developed what it calls the world’s first uranium-based rechargeable battery that may pave the way for the use of massive stockpiles of radioactive material generated in the nuclear fuel manufacturing process. According to the Japan Atomic Energy Agency, the research team confirmed …

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market. Reliant on exports, firms including LG Chem Ltd. and Lotte Chemical Corp. are feeling the pinch as …