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Germany’s new government can’t just walk away from climate protection

Energy Transition

Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. The incoming new government has to adhere to this law. Will it though? Credits: MDV Edwards, All rights reserved.

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said.

Gas
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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

sanctions on Venezuela’s energy industry since 2019. President Nicolas Maduro and his government have always rejected sanctions by the United States and others, saying they are illegitimate measures that amount to an “economic war” designed to cripple Venezuela. The licenses to U.S. and European refineries.

Oil
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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

The Guyanese field’s production has soared from zero in 2019 to 668,000 barrels per day by the end of March 2025, and is forecast to nearly double to 1.3 government in 1911. million bpd by the end of 2027. ARMS RACE Exxon and Chevron both trace their roots to Standard Oil, the conglomerate formed by John D.

Oil
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

In the PNIEC, the government reported that 67.9 To that end, the initiative’s first flagship event at Davos in January 2025 brought together IBEX 35 leaders and government representatives in a forum to chart the path forward for Iberia’s energy transition. On top of CEF-E funding, the Norwegian government provided €1.7

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Philippines On Track for Annual Coal Decline Thanks to RE: IEEFA

Rigzone

Centralized government auctions, among other government policies, are driving project developments”, the IEEFA said. On the other hand the Philippines installed over one gigawatt (GW) of solar capacity in 2024 alone. “This growth outpaced all other asset classes last year and previous projections for solar deployment.

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Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada

Oil & Gas 360º

(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. It was only supposed to take about two years to complete.