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Big Oil’s $1.2 Trillion Bet: WoodMac Predicts CCUS Market Surge
Global consultancy Wood Mackenzie has forecasted a 28-fold increase in the Carbon Capture, Utilisation, and Storage (CCUS) market by 2050, reaching 2,061 million tonnes per annum, surpassing trillions of dollars in value. Despite current challenges, with only 50 operational CCUS projects storing 51 million tonnes of CO2 annually, significant investments...
Oil Prices Surge After US Strikes on Iran Nuclear Sites
Oil prices spiked in early Monday trade due to concerns over potential disruptions in energy markets following US airstrikes on Iran’s nuclear facilities. As the US targeted these sites, Iran threatened retaliation against US military bases in the Middle East, fueling fears of an escalating conflict in the region. Iran,...
TotalEnergies, Quatra Sign 15-Year Deal for Used Cooking Oil to Boost Biofuel Production
TotalEnergies and Quatra, a European leader in the collection and recycling of used cooking oil, have entered into a significant 15-year agreement starting in 2026, aimed at securing a steady supply of 60,000 tons of used cooking oil annually. The agreement will help feed TotalEnergies' biorefineries, contributing to the production...
Guatemala Opens 1500 MW Power Tender with Focus on LNG
Guatemala has launched a significant tender to secure 1500 megawatts (MW) of new electricity generation capacity to meet the growing energy demand in the country, as reported by Reutersl. The tender is part of the country’s efforts to diversify its energy sources and ensure a stable power supply. Among the...
