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- Tue 05:52Acquired - Abu Dhabi's state-run oil firm ADNOC's distribution arm has agreed to acquire Shell’s downstream business in South Africa for an implied enterprise value of about $1 bln, expanding its fuel retail footprint in Africa. The deal covers 580 fuel stations as well as wholesale fuel, aviation and lubricants operations, and is expected to close in 2027 subject to regulatory approvals. ADNOC in a press release said the acquisition would boost earnings per share by 6% in the first full year after completion.
- Tue 05:00Gold Standard (GS) has added another insurance policy to the list of approved covers for CORSIA, the international aviation offsetting scheme, the registry announced Tuesday.
- Tue 04:17A coalition of more than 70 environmental, Indigenous rights, and human rights organisations has urged the Democratic Republic of the Congo (DRC) to abandon plans to lift its 23-year-old moratorium on allocating new industrial logging concessions, warning that the move would jeopardise climate commitments, undermine recent forest governance reforms, and expose vast areas of the Congo Basin to unsustainable exploitation.
- Tue 04:00A coalition of NGOs, industry groups, and CCS stakeholders has urged EU governments to rapidly implement penalty regimes for oil and gas producers that fail to meet their CO2 storage obligations under the Net-Zero Industry Act (NZIA), after an end-June deadline has passed.
