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Aurora Innovation is temporarily changing its driverless trucking program in Texas after its truck manufacturer partner, PACCAR, asked the company to return a human to the front seat. What’s RelatedEarlier this month, Aurora made headlines when it began running fully driverless trucks between Dallas and Houston, becoming the first company in the U.S. to launch a commercial route without a driver in the cab. Now, the company says a person will sit in the driver’s seat, not to drive, but to observe, after PACCAR raised concerns about prototype vehicle parts. “After much consideration, we respected their request and are moving…

London, United Kingdom — British Prime Minister Keir Starmer has proudly described a new deal with the European Union spanning defence, security, and trade as a “win-win” pact that puts the nation “back on the world stage”. But nine years after Britain narrowly voted in favour of leaving the EU, the deal announced on May 19 has prompted a sigh of relief for some and stinging criticism from others, underscoring just how divisive the legacy of Brexit remains in the country. While many sections of British society have welcomed the agreement, Richard Tice, an MP for the anti-immigration party Reform…

Italian energy company Eni announced today that it has signed an exclusivity agreement with BlackRock’s infrastructure-focused unit Global Infrastructure Partners (GIP) for the potential sale of a co-control stake of 49.99% of Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. Eni CCUS Holding encompasses several large-scale European CCUS projects, including the UK-based Hynet, aimed at capturing CO2 emitted by industrial plants in the North West of England and North Wales for permanent storage in depleted gas fields in the Irish Sea, and with a potential capacity of up to 10 million tonnes per year by 2030, and the…

(WO) – OEG, a leading energy solutions provider, has secured a three-year contract with an international oil major. Under the terms of the agreement, which includes optional extensions for up to five years, OEG will supply logistics equipment for the organization’s operations in North America. This partnership underscores OEG’s commitment to operational excellence and ability to provide support across the energy lifecycle. The company’s market leading cargo carrying units (CCUs), designed to meet international standards for quality and safety, will ensure a resilient and sustainable fleet that can meet operational demands. The full-service offering, which includes inspection, maintenance and replacement…

The Cofrentes nuclear power plant, on 17 October, 2024 in Valencia, Valencian Community, Spain.Europa Press News | Europa Press | Getty ImagesA European-wide shift to nuclear power appears to be gathering momentum as countries hedge their bets in pursuit of more energy independence.In just the last few weeks, Denmark announced plans to reconsider a 40-year ban on nuclear power as part of a major policy shift, Spain reportedly signaled an openness to review a shutdown of its nuclear plants and Germany dropped its long-held opposition to atomic power.The renewed European interest in nuclear shows how some countries are hedging their…

In a joint statement, which was posted on Saudi Arabia’s energy ministry website and Kuwait’s official oil ministry X account, the governments of Saudi Arabia and Kuwait announced a new oil discovery “in the Partitioned Zone”. The statement said the governments “announced that Wafra Joint Operations have made a new oil discovery in (North Wafra Wara-Burgan) field, located five kilometers north of Wafra field”. “Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees,” the statement added. The joint statement…

Vermilion Energy Inc. has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $302 million (CAD 415 million). Net proceeds from the transaction will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion’s balance sheet, the company said in a news release. The transaction has an effective date of May 1 and is anticipated to close in the third quarter, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions, according to the release. Vermilion said the assets are currently producing approximately 10,500 barrels…

Italian energy infrastructure and services provider Snam announced that it has raised $2 billion in a multi-tranche sustainability linked bond (SLB) offering, with the cost of debt tied to the company’s interim- and long-term targets to reduce greenhouse gas (GHG) emissions across its value chain. According to the company, the offering is the first-ever SLB linked to a net zero target across Scopes 1, 2, and 3 GHG emissions. Notably, while the volume of sustainability-linked bond offerings have declined significantly over the past several quarters on investor concerns over the credibility and robustness of the bonds’ linked sustainability targets, Snam…

Chemical compounds that efficiently remove CO2 from the air do not easily release it once captured, and compounds that release CO2 efficiently are not very efficient at capturing it. Optimising one part of the cycle tends to make the other part worse. Now, using nanoscale filtering membranes, researchers at MIT have added a simple intermediate step that facilitates both parts of the cycle. The new approach could improve the efficiency of electrochemical carbon dioxide capture and release by six times and cut costs by at least 20 percent, they said.   MIT researchers added…

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome back to Energy Source, coming to you from New York and Lagos.An arbitration court in London on Monday began hearing a bitter dispute between ExxonMobil and Chevron over ownership of a gigantic oil project with up to $1tn in reserves.The US supermajors are battling over the right to acquire a 30 per cent stake in Guyana’s Stabroek oilfield, which is owned by…