Japan seeks G7 support to accelerate decarbonization efforts at the upcoming Climate, Energy and Environment Ministers’ meeting. The country aims to ensure energy security and economic growth while reducing carbon emissions.
India will cut old block gas prices from Saturday, following the approval of recommendations by a committee to ensure fair prices and fight inflation, setting prices based on the Indian crude basket with a ceiling of $6.5/mmBtu and a floor price of $4/mmBtu.
Tellurian Inc sold 800 acres of land in Louisiana for $1 billion to an undisclosed institutional investor to meet the company’s capital needs. The sale comes as the Driftwood liquefied natural gas terminal project has experienced delays and cancellations.
Walmart plans to install thousands of electric vehicle charging stations in its stores by 2030 to bolster the existing network of charging stations. The initiative aims to build customer loyalty by allowing them to recharge their cars while shopping.
Asian crude oil imports were strong in March, driven by China and India, but with daily imports down from February. With irregular imports, the impact of these trends on world oil prices remains uncertain.
Iberdrola accepts a settlement fine of 200,000 euros for a misleading commercial practice in France. The fine follows an investigation by the Hauts-de-Seine Departmental Directorate of Population Protection.
The supertanker Nautica purchased by the UN to recover the cargo of an abandoned oil tanker off the coast of Yemen has left China, an important step in an operation to avoid an oil spill in the Red Sea. The ship is expected to arrive in early May and the UN needs $129 million for the first phase of the rescue.
Investors led by Follow This are calling on TotalEnergies to reduce its greenhouse gas emissions in line with the Paris Agreement. The coalition of 17 investors managing $1.1 trillion will file an advisory resolution at the shareholders’ meeting on May 26.
India is launching a $2 billion program to encourage green hydrogen fuel producers, offering incentives of at least 10% of production costs to companies using renewable energy. This program aims to reduce carbon dioxide emissions and make India a major exporter in the green hydrogen sector.
The Senate adopted in first reading a socialist text against the “dismantling” of EDF, but ruled out a “nationalization”. The Socialist group denounced “the attitude of the Senate right” and plans to take up the text again at the second reading in the National Assembly.
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