Global Climate News

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

German Constitutional Court rejected complaint by Lichtblick and 21 other renewable energy operators against government's revenue skimming regulation during energy crisis.

221 fossil fuel and petrochemical industry representatives have registered for UN plastic pollution treaty talks (INC-5) in Busan, making up 6% of attendees, as nations attempt to agree on plastic production curbs.

OPEC+ has postponed its meeting from Dec 1 to Dec 5, while oil prices remained flat amid rising US gasoline inventories. Brent crude at $72.91 and WTI at $68.79.

GAIL has re-engaged INEOS to revive a 1.25 million tonnes per annum PTA manufacturing plant in Mangalore SEZ through its subsidiary GAIL Mangalore Petrochemicals Limited.

Finance Ministry to review windfall tax on fuel exports as global crude prices stabilize. Government previously slashed windfall tax on domestic crude oil to nil and maintains nil tax on diesel, petrol and ATF exports.

BP has signed a US$3.5 billion project with Saipem Consortium, PT Meindo Elang Indah, and PT JGC Indonesia for CCUS and EPCI work at Tangguh Ubadari Project in Indonesia.

Salunda has secured first installation of HaloGuard AI-powered zone monitoring technology on Transocean's rig in Australia, featuring CrewHawk real-time location technology and machine vision system for drill floor safety.

PNGRB and MoEF&CC have announced regulatory relief and financial incentives to promote natural gas adoption in Indian industries, aiming to reduce emissions by 27% compared to petroleum products.