Oil News and Gas News
January 31, 2025
OIL AND GAS
Shell annual profit drops to $16 bn as oil prices fall



London (AFP) Jan 30, 2025
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs. Profit after tax fell to $16.1 billion in 2024, the company said in an earnings statement. Revenue dropped nearly 11 percent to $289 billion in a year that saw Shell backtrack on some key climate targets. Oil prices came under pressure from weakness in the Chinese economy while the cost of gas has fallen heavily since soaring after the invasi ... read more

BIO FUEL
New Green Phosphonate Chemistry Explored
Berlin, Germany (SPX) Jan 30, 2025
Phosphorus, a vital raw material, is in dire need of more efficient recycling methods. The increasing demand for environmentally sustainable production techniques for organic phosphorus compounds hi ... more
OIL AND GAS
Trump's point man for drilling agenda confirmed by Senate
Washington (AFP) Jan 31, 2025
The US Senate on Thursday confirmed Donald Trump's pick to lead the Interior Department, a role that oversees the nation's vast public lands and waters that are vital to the president's agenda of expanding drilling. ... more
BIO FUEL
Turning farm waste into sustainable roads
Coral Gables, FL (SPX) Jan 30, 2025
A typical road is made of rocks and sand held together by petroleum to create the smooth surfaces we drive on every day. But some of these materials come at a cost: during the production and install ... more
BIO FUEL
Zero Emissions Process for Truly Biodegradable Plastics Developed
Dateline: Madrid, Spain (SPX) Jan 30, 2025
Plastic pollution is a pervasive problem, with petrol-based plastics found in various everyday products, from packaging to clothing. These plastics, once discarded, break down into microplastics tha ... more
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OIL AND GAS
Ukrainian drone barrage on Russia kills two, hits oil refinery
Kyiv, Ukraine (AFP) Jan 29, 2025
A Ukrainian drone attack killed a mother and her toddler in a Russian border region on Wednesday, Russian officials said, as Kyiv launched a major overnight barrage that set an oil refinery ablaze and targeted a nuclear facility. ... more
BIO FUEL
Chemical looping turns environmental waste into fuel
Columbus OH (SPX) Jan 30, 2025
Turning environmental waste into useful chemical resources could solve many of the inevitable challenges of our growing amounts of discarded plastics, paper and food waste, according to new research ... more
OIL AND GAS
Clean hydrogen in minutes with microwave energy innovations
Tokyo, Japan (SPX) Jan 22, 2025
A pioneering research team at POSTECH, led by Professor Gunsu S. Yun and doctoral candidate Jaemin Yoo from the Department of Physics and Division of Advanced Nuclear Engineering, alongside Professo ... more
OIL AND GAS
Development of a 2-liter ammonia fueled engine
Tokyo, Japan (SPX) Jan 24, 2025
A 2-liter engine powered by ammonia, a renewable and zero-carbon energy source, has been developed to serve as a versatile platform for applications such as vehicles, ships, aircraft, and industrial ... more

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OIL AND GAS
Trump moves to redesignate Houthi rebels as a Foreign Terrorist Organization
Washington DC (UPI) Jan 23, 2025
President Donald Trump moved on Wednesday to re-designate the Iran-proxy Houthi militia as a Foreign Terrorist Organization, as he continues to undo the policies of former President Joe Biden during his first days back in office. ... more
OIL AND GAS
126 NGOs oppose funding of TotalEnergies Mozambique LNG project
Washington DC (UPI) Jan 22, 2025
An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies. ... more
BIO FUEL
For clean ammonia, MIT engineers propose going underground
Boston MA (SPX) Jan 22, 2025
Ammonia is the most widely produced chemical in the world today, used primarily as a source for nitrogen fertilizer. Its production is also a major source of greenhouse gas emissions - the highest i ... more
OIL AND GAS
Oil spill unchecked in Nigeria's delta region: activists
Lagos (AFP) Jan 21, 2025
Oil has spilled for weeks in Nigeria's delta region from a well apparently damaged by thieves and which has also sparked a fire that has yet to be contained, environmental activists said Tuesday. ... more
OIL AND GAS
Trump leaves Paris climate agreement, doubles down on fossil fuels
Washington (AFP) Jan 21, 2025
President Donald Trump on Monday announced the United States' withdrawal from the Paris climate accord for a second time, a defiant rejection of global efforts to combat planetary warming as catastrophic weather events intensify worldwide. ... more
BIO FUEL
From lab to field: CABBI pipeline delivers oil-rich sorghum
Omaha NB (SPX) Jan 20, 2025
Researchers at the Center for Advanced Bioenergy and Bioproducts Innovation (CABBI) have developed a new sorghum variant that can outperform soybeans in oil production, with great potential as a cle ... more
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OIL AND GAS
Nord Stream methane release highlights scale of emissions
Berlin, Germany (SPX) Jan 16, 2025
In late September 2022, damage to the Nord Stream pipelines led to an unprecedented release of nearly 500,000 tonnes of methane into the atmosphere. This represents the largest single event of metha ... more
BIO FUEL
Breakthrough process converts CO2 and electricity into protein-rich food
Los Angeles CA (SPX) Jan 16, 2025
Researchers from Xi'an Jiaotong University and the Tianjin Institute of Industrial Biotechnology, Chinese Academy of Sciences, have developed an innovative method to produce single-cell protein (SCP ... more
OIL AND GAS
Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant
Beijing (AFP) Jan 16, 2025
Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. ... more
OIL AND GAS
Green hydrogen faces critical challenges in bridging ambition and reality
Berlin, Germany (SPX) Jan 15, 2025
"Over the past three years, global project announcements for green hydrogen have almost tripled," says PIK researcher and lead author Adrian Odenweller. "However, only seven percent of the productio ... more
OIL AND GAS
Methane leaks from Nord Stream pipeline blasts revised up: studies
Paris (AFP) Jan 15, 2025
A series of underwater explosions that ruptured the Nord Stream gas pipelines in 2022 caused the largest known methane leak on record from a single incident, according to new research published on Wednesday. ... more
OIL AND GAS
BP nears deals for oil fields, curbs on gas flaring in Iraq
London (AFP) Jan 15, 2025
Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday. ... more
OIL AND GAS
Iraq and UK reach mega-infrastructure deals in reset of ties
London (AFP) Jan 14, 2025
Iraq's Prime Minister Mohammed Shia al-Sudani met Tuesday with his UK counterpart Keir Starmer, securing a GBP 12.3 billion ($15 billion) trade and investment package during a UK visit hailed as a "new era" in ties. ... more
OIL AND GAS
Wealthy nations fail to agree curbs on fossil fuel finance
Paris (AFP) Jan 14, 2025
Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the OECD said on Tuesday, days before climate-sceptic US President-elect Donald Trump takes office. ... more
OIL AND GAS
Shipping emissions mandate led to spike in global temperatures
Ithica NY (SPX) Jan 14, 2025
The summer of 2023 saw a surprising increase in global temperatures, even within the context of the ongoing greenhouse gas-driven warming trend. Many scientists were flummoxed. Their simulations did ... more
OIL AND GAS
UK-Iraq London talks to mark 'new era'
London (AFP) Jan 13, 2025
British Prime Minister Keir Starmer hosts his Iraqi counterpart Mohammed Shia al-Sudani on Tuesday for talks on trade, security and migration hailed by Baghdad as marking a "new era" for the countries' ties. ... more
OIL AND GAS
Xi's special envoy attends Maduro inauguration: Xinhua
Beijing (AFP) Jan 11, 2025
Chinese President Xi Jinping sent a special envoy to attend the third swearing in of Venezuela's Nicolas Maduro, state-run Xinhua reported Saturday, underscoring Beijing's lonely position as one of Caracas's few international allies. ... more
OIL AND GAS
Kazakhstan fines oil giants over $6 mn for pollution
Astana, Kazakhstan (AFP) Jan 10, 2025
A Kazakh court on Friday fined a consortium of oil companies over $6 million for excessive gas flaring from a giant oilfield under the Caspian Sea. ... more
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BIO FUEL
The biobattery that needs to be fed
Berlin, Germany (SPX) Jan 10, 2025
Fungi, a fascinating kingdom of life more closely related to animals than plants, display incredible diversity. They range from edible mushrooms to molds, single-celled organisms to the world's larg ... more
OIL AND GAS
Norwegian gas production hits record high in 2024
Oslo (AFP) Jan 9, 2025
Norway's gas production, which has become crucial to replace Russian supplies to Europe, hit a record high last year, the Norwegian Offshore Directorate said on Thursday. ... more
OIL AND GAS
Biden issues major coastal protection before Trump handover
Washington (AFP) Jan 6, 2025
US President Joe Biden on Monday banned offshore drilling across an immense area of coastal waters, weeks before Donald Trump takes office pledging to massively increase fossil fuel production. ... more
OIL AND GAS
Oil spill from Russian tankers spreads
Moscow (AFP) Jan 2, 2025
Oil that leaked from two stricken tankers off the Russian coast has been detected on more beaches on the annexed peninsula of Crimea, Russian authorities said, as volunteers mount a massive environmental cleanup operation. ... more
OIL AND GAS
Ukraine halts transport of Russian gas through its territory
Washington DC (UPI) Jan 1, 2025
Ukraine says it has stopped Russia from transporting natural gas through its territory as of early New Year's Day out of interest for its national security. ... more
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