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Woodside Energy Group Ltd. has inked a non-binding collaboration deal with Saudi Arabian Oil Co. (Aramco) including for the Saudi oil giant’s potential offtake from and ownership in Louisiana LNG. The planned cooperation also eyes lower-carbon ammonia, among other global opportunities, the Australian oil and gas explorer and producer said in an online statement Wednesday. “This collaboration aligns with Woodside’s strategic vision to build a diverse and resilient global portfolio”, Woodside chief executive Meg O’Neill said. “It leverages our growing relationship with one of the world’s leading integrated energy and chemicals companies, to explore new opportunities which deliver value for…

Canada’s new Prime Minister, Mark Carney, suggested he would support a new pipeline project if there is consensus about it, he said in an interview with CTV News.First off, I’ve said repeatedly: yes. First point,” Carney said in response to a question about new pipelines. “Secondly, because I understand the need for that consensus. I’m a prime minister who can help create that consensus,” Carney also said.The Prime Minister did not elaborate on what specific kind of pipeline he would seek to create consensus for, he has previously said that “We have to choose a few projects, a few big…

A conservative estimate indicates there were 1,700 gigawatts (GW) of renewable energy and hybrid projects waiting for grid connections across 16 European countries in 2024-25, according to research published Tuesday. The study by Beyond Fossil Fuels, E3G, Ember and the Institute for Energy Economics and Financial Analysis blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways. “The analysis of 32 electricity transmission system operators (TSOs) across 28 countries finds that many are still using outdated scenarios rooted in old government targets and market assumptions”, the think tanks said in a…

By Irina Slav – May 14, 2025, 1:46 AM CDT Goldman Sachs analysis indicates that US President Donald Trump prefers crude oil prices in the $40 to $50 per barrel range, based on his social media posts. Crude oil prices are currently trading higher due to progress in US-China trade talks, but a significant build in US oil inventories is anticipated. There is a potential conflict between Trump’s desire for lower oil prices and the needs of US shale drillers, who require higher prices to maintain production. U.S. President Donald Trump likes crude oil prices in the range of…

Commodity trader Gunvor Group has made another significant oil deal in Gabon, its second since the country sought more control of national assets following a coup d’etat in 2023. State-owned Gabon Oil Company financed $220 million of a $300 million deal for Tullow Oil Plc’s assets in the country through an underwritten prepayment facility from Gunvor’s Middle East subsidiary, Tullow said in a filing Tuesday. Gunvor last year provided around $800 million to help Gabon finance another nationalization deal, the acquisition of Carlyle Group’s Assala Energy. A spokesperson for Gunvor declined to comment on the deal. Coming out of the…

Lilongwe, Malawi – Since he was young, Enock Dayton has made a living from bananas. The 30-year-old was born and raised in Molele, in the southern Malawian district of Thyolo, which was at the heart of local banana production until a plant virus devastated crops more than a decade ago. At his stall at Mchesi market, in Malawi’s capital Lilongwe, Dayton serves customers from the bunches of green bananas that he has. “I started this business when I was young, and we had farms where we were growing bananas and we would take trucks and bring them here and sell…

European companies are increasingly lobbying for strong climate action, research has found, in a “profound shift” that analysts say challenges the narrative that businesses see green rules as a threat to profits.The share of companies whose corporate lobbying is “aligned” with pathways to meet global climate goals rose from 3% in 2019 to 23% in 2025, according to an analysis of 200 of the largest European companies by InfluenceMap, while the share of companies who were deemed “misaligned” fell from 34% to 14%.The report found more than half of the companies were at least “partially aligned” with pathways to stop…

New Delhi: Global oil demand growth is now projected to average 750,000 barrels per day (b/d) in 2025, a downward revision of 500,000 b/d from the previous outlook, according to the latest analysis by S&P Global Commodity Insights. The report cites extreme uncertainty surrounding U.S. trade policy and a likely supply surplus as key reasons for the revision.This marks a significant slowdown following an estimated year-over-year increase of 1.75 million b/d in the first quarter of 2025. For the remaining quarters, demand growth is expected to average 420,000 b/d.Jim Burkhard, Vice President and Global Head of Crude Oil Research at…

Tullow Oil has formally signed an agreement with Gabon Oil Company to sell 100% of its working interests in Gabon for total cash consideration of $300 million (USD). The agreement follows an announcement made in March 2025 discussing terms of the deal. “We continue to make strong progress towards completing this strategic, value accretive divestment of our Gabon assets, with the signing of the SPA,” commented Richard Miller, Tullow’s Chief Financial Officer and Interim CEO. “The proceeds, expected in the coming months, will materially reduce our net debt and strengthen our balance sheet, which positions us well as we look…

Cars and meat are major factors driving a gender gap in greenhouse gas emissions, new research suggests.Men emit 26% more planet-heating pollution than women from transport and food, according to a preprint study of 15,000 people in France. The gap shrinks to 18% after controlling for socioeconomic factors such as income and education.Eating red meat and driving cars explain almost all of the 6.5-9.5% difference in pollution that remains after also accounting for men eating more calories and travelling longer distances, the researchers said. They found no gender gap from flying.“Our results suggest that traditional gender norms, particularly those linking…