Total Energies eliminates Canadian oil sands and increases production in a market with reduced prices

French oil and gas giant Total Energies announced on Thursday that it had accepted a $4.1 billion offer from Suncor Energy to buy its carbon-intensive Canadian oil sands operations. There could also be further payments of up to $450 million.

The corporation initially intended to spin of...

French company Kering has committed to a 40% reduction in emissions by 2035.

Kering, a French luxury goods company, has pledged to cut its absolute greenhouse gas emissions by 40 percent by 2035, relative to a base year of 2021. To mark the sixth anniversary of the group's 'Crafting Tomorrow's Luxury' strategy, Kering has announced a new goal spanning scop...

After a surprising cut by OPEC and allies, European markets end the day lower, while oil and gas stocks rise by 4 percent.

Monday's slight decline across Europe's stock markets came as investors focused on the oil market in the wake of a surprise production cut by the OPEC+ alliance.

After being flat for most of the afternoon, the pan-European Stoxx 600 index ended up 0.1%.

Brent crude fut...

What's behind oil companies' advocacy for climate change technology

The oil industry appears to be doing well by most accounts. The demand for oil and gas is still very strong, and the industry made remarkable profits last year. But the industry is also feeling the heat to solve the climate crisis, and it wants a piece of the federal government's massive pie ...

Under the microscope because of global warming, France's meat production is being called "a wake-up call for the industry."

Dietary shifts are necessary to become more environmentally responsible, as meat intake is still the primary source of greenhouse gas emissions from the food industry. This means that producers who raise livestock will have to become more creative in their methods of output. It was announced on F...

Gas producers in the United States scrimped on price hedges and now face a punishment.

Natural gas price declines will affect gas producers' first-quarter profitability and cash flows because hedges - the industry's equivalent of price insurance - were insufficient to offset predicted losses, according to analysts and industry experts. Producers who begin the year with fewe...

An asthma research has sparked a discussion about whether or not using gas in the kitchen is safe.

In the United States, proposals have been made for stricter regulation of kitchen stoves in light of new research that ties natural gas cooking to roughly 12% of childhood asthma cases. With an effect on health similar to second hand smoke, the study's authors concluded that their data reveal...

Companies in the oil and gas industry are taking Los Angeles to court over the city's ban on oil and gas drilling.

Legal action has been taken against the City of Los Angeles by an oil business with operations in the Wilmington area as a result of the City's statute prohibiting the construction of new wells and phasing out drilling altogether. Warren Resources, the company that runs the 10-acre oil-extrac...

Russia now ranks among India's most important crude oil suppliers to the Hardeep Puri

The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, made the statement on Friday as Prime Minister Narendra Modi and Russian President Vladimir Putin discussed their countries' bilateral ties and energy cooperation over the phone.

Puri, speaking at a press conferen...

Germany proposes a one-year moratorium on energy price increases.

The administration has already stated that the cost of gas and electricity would be capped next year. According to Bild, energy companies may now be prohibited from boosting rates, with previously announced increases due to be reversed.

The German government plans to prevent energy prov...

Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's

On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.

With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...

A further demonstration of energy cooperation is France's gas exports to Germany

European nations must rely on one another to survive through the approaching winter since Russian gas supplies have been cut off. It has been decided that France will supply Germany with natural gas in exchange for Germany providing France with power. FRANCE 24 analyzes the pros and cons of this ...

Reports allege that 50 meters of underwater pipeline carrying Russian gas to Germany were destroyed.

An explosion last month likely wiped out at least 50 meters (164 ft) of an underwater pipeline transporting Russian gas to Germany. According to sources, the large tear in the Nord Stream 1 pipe was captured on camera by a Norwegian robotics company and reported by the Swedish tabloid Expressen.<...

In France, workers at refineries and gasoline depots voted to keep their strikes going.

Despite a government order for some of them to return to work to get fuel supplies flowing, striking French oil refinery employees voted on Wednesday to maintain blockades now in their third week.

A strike for higher wages has shut down six of France's seven fuel refineries, causing...

Taking control of the Sakhalin 1 oil and gas project is one of Putin's latest directives

A new operator for the Exxon Mobil Corp.-led Sakhalin-1 oil and gas project in Russia's Far East was established by a decree signed by Russian President Vladimir Putin on Friday.

Putin's action, which affects Exxon's largest investment in Russia, is similar to the method he ...

German man receives a life sentence for the murder of a gas station employee in the COVID mask conflict

In a fight about COVID face masks, a German man killed a teenage gas station employee and was sentenced to life in prison.

Between Frankfurt and the Franco-German border, in the western town of Idar-Oberstein, a shooting took place in September of last year.

The clerk, 20, all...

German farmer seeking to get VW to stop selling gasoline and diesel vehicles

Environmentalists celebrated a minor legal victory on Friday after a German court announced it will continue hearing a farmer's lawsuit attempting to compel Volkswagen to stop selling cars with internal combustion engines.

Climate change, according to Ulf Allhoff-Cramer, is affectin...

Germany's gas pipeline is kept off by Russia's Gazprom

The energy crisis in Europe has grown worse after the major German pipeline carrying natural gas was temporarily shut down by Russian energy giant Gazprom.

Just hours before it was scheduled to resume delivery, the business announced that urgent maintenance work was required to fix impo...

During a crisis of energy Dutch market determines gas prices for all of Europeans

According to the survey Everyone is hoping on the TTF, the top benchmark on the continent, as gas prices across Europe continue to raise all-time highs.

According to the Title Transfer Facility they states that, a Dutch-based online market where shippers and buyers for exchange of gas s...

The chancellor of Germany claims to be moving quickly to discover alternatives to Russian gas.

As pressure increases on his government to find solutions to address an impending crisis, the German chancellor, Olaf Scholz, has said he is working as quickly as he can to free Germany from its dependence on Russian gas and pursue other energy suppliers.

On the first day of a three-day...