Exxon Mobil has unveiled plans to become a major player in lithium production for electric vehicle (EV) batteries, marking a strategic shift towards renewable energy. The company acquired 120,000 acres of the lithium-rich Smackover Formation in southern Arkansas earlier this year. The drilling operation aims to commence battery-grade lithium production by 2027, with the goal… Continue reading Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation

Australia and Tuvalu have entered into a bilateral agreement, the Australia-Tuvalu Falepili Union, aiming to strengthen ties in various areas, including security, migration, and climate change. As part of the pact, Australia has committed to creating a “special mobility pathway” for Tuvaluans, allowing them to work, study, and live in Australia. Given Tuvalu’s vulnerability to… Continue reading Australia offers refuge to Pacific island nation threatened by rising sea levels

The article previews the upcoming COP28 climate change summit in Dubai, set to host prominent leaders and figures like Pope Francis and King Charles III. The summit aims to reassess the global commitment to the Paris Agreement’s goals, specifically targeting the limitation of global warming to 1.5 degrees Celsius above pre-industrial levels. Despite some progress… Continue reading Keeping 1.5 alive? IEA lists ‘crucial ingredients’ to keep worst effects of climate change at bay

The CEO of Italgas, an Italian natural gas distribution company, stressed the importance of utilizing a range of solutions, including blending hydrogen into existing natural gas infrastructure, to achieve decarbonization goals. He highlighted the need to use all available tools and infrastructure to attain the target of net-zero CO2 emissions by 2050. Using pre-existing natural… Continue reading ‘We need everything’: CEO on why natural gas infrastructure needs to be ready for clean hydrogen

FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) is paving the way for sustainable agricultural and energy solutions as part of the select Canadian Delegation, at the Rebuild Ukraine Conference in Warsaw, Poland, from November 13th to 16th 2023. This conference signifies an essential worldwide effort to support the people of Ukraine in… Continue reading Government of Canada Invites FuelPositive to Join Rebuild Ukraine Delegation

This article reports that U.S. crude oil prices dropped to their lowest levels since July, with West Texas Intermediate (WTI) falling 4.3% to $77.37 a barrel and Brent falling 4.2% to $81.61. The decline is attributed to weak global economic data, particularly from China, where a 6.4% drop in exports was reported in October, worse… Continue reading U.S. crude oil prices fall below $78 a barrel to their lowest since July

FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) announces the completion of 3rd party verification of the FP300 Green Ammonia output rate. With this data in hand, the Company is now positioned to accept 30% deposits on the previously announced initial 30 commercial systems and ramp up its production. The base price of… Continue reading FuelPositive Ready to Accept 30% Deposits on 30 Initial Commercial Systems

The Saudi state oil giant, Aramco, reported a 23% decline in net profit for the third quarter, falling to $32.6 billion by the end of September. This drop is primarily attributed to reduced crude oil prices and volumes sold. However, despite the decrease, the company’s earnings surpassed analyst expectations, which were estimated around $31.8 billion.… Continue reading Oil giant Saudi Aramco’s profit slides 23% in third quarter on lower crude prices, volumes

UK Chancellor Rishi Sunak reportedly considered proposals to deregulate North Sea oil and gas extraction but later watered down the plans after legal advice from UK civil servants. Sunak’s aides had requested options to increase oil and gas extraction, including proposals to reduce environmental assessments requirements and shorten public consultation times. Civil servants warned that… Continue reading Sunak Toned Down North Sea Oil and Gas Plans After Legal Advice

Alvopetro Energy Ltd. has provided an update on its October, 2023, sales volumes and the timing for the release of its Q3 2023 results and earnings call. October, 2023, sales volumes October sales volumes averaged 1,839 barrels of oil equivalent per day, including natural gas sales of 10.6 million cubic feet per day, associated natural… Continue reading ALVOPETRO ANNOUNCES OCTOBER 2023 SALES VOLUMES AND TIMING OF Q3 2023 RESULTS AND EARNINGS CALL

India has ambitious renewable energy goals, aiming for 50% of its power generation to come from renewables by 2030 and 100% by 2070. However, coal production in the country continues to rise, and experts believe coal will remain a vital part of India’s energy mix in the coming years. Fossil fuels, mainly coal, currently make… Continue reading Coal free by 2070? India’s push toward renewables won’t stop coal reliance for the next two decades

Shell, the British oil giant, reported a third-quarter profit of $6.2 billion, in line with analyst estimates. The company benefited from higher oil prices and refining margins. The profit figure represents an improvement from the previous quarter but is significantly lower than the $9.45 billion reported a year ago when the Russia-Ukraine conflict led to… Continue reading Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback