CASE STUDY: Beat the Peat with Tough Cell® Geocell Technology for Sustainable Roads and Pads

Navigating the complexities of building over soft peat soils requires a unique approach to overcome many hurdles. Unlike conventional soils, peat provides unstable ground for pads or roads. These soft soils are composed primarily of organic and decayin…

Japan utility warns of switching investment from Australia unless it gets govt support

Japan’s top power generator JERA warned on Thursday it could consider fuel purchases and investments in Asia, the Middle East and the United States if Australia does not provide sufficient financial support.

Schachter’s Eye on Energy: US Stock Build Adds To Downside Price Pressure. A Breach Of US$75/b Is Likely In The Near Term.

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 36 energy, energy service and pip…

Petronas resumes full ops at Bintulu LNG

This follows a power loss incident that occurred on May 10. [Image: Petronas]

BP pauses gas-field talks with Venezuela as license expires

Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday.

Phenom Acquires King Solomon Gold Project, Nevada

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce that it has entered into an option agreement to acquire up to a 100% interest in the King Solomon Gold Project (the “Project”) consisting of 178 claims covering approximately 1,140 hectares (3,560 acres) in central Nevada. The Project lies 32 […]

Criterium pens binding SPA for Bulu PSC stake sale

The Bulu PSC offshore Indonesia includes the Lengo gas field.

Youth climate-change lawsuit targets Alaska LNG project

Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights. [Image: Alaska LNG]

Why Oil May Regain Upward Momentum

Dynamics in the global oil markets have shown little change over the past couple of weeks with pessimism still high and hedge funds still leaning towards the short side of the market. Over the past week, Brent prices remained range-bound in the $83.45-…

Citi Research Still Expects OPEC+ to Hold Output Cuts Through 3rd Quarter

Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday. “A deeper cut would likely be a bullish surprise, but remains a low probability in our view,” the note ad…

Lycos Energy Inc. announces first quarter financial results and operations update

Calgary, Alberta–(Newsfile Corp. – May 22, 2024) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three months ended March 31, 2024. Selected financial and operating informati…

Turkey Emerges as the Largest Coal-Fired Electricity Producer in Europe

Turkey has emerged as the largest coal-fired electricity producer in Europe as major EU economies have continued to shut down coal power plants and boost renewable energy generation.     In the first four months of this year, Turkey was the top coal po…

5 Stocks To Play The AI Power Boom

The U.S. and the world in general are living through the Fourth Industrial Revolution with Artificial Intelligence (AI), clean energy and cryptocurrencies emerging as some of the biggest secular megatrends of our time. According to Goldman Sachs, escal…

June Natural Gas Futures Surge as Forecasts Suggest a Tighter Supply, Demand Balance; Cash Mixed 

June Nymex natural gas futures rally resumed after a brief and modest reversal lower Tuesday as the market looked beyond bearish near-term fundamentals to longer-range support. At A Glance: Futures gain 9.1 cents Small storage build expected California cash tumbles The front-month contract settled Wednesday at $2.842/MMBtu, up 9.1 cents day/day. NGI’s daily spot price…

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What’s Really Wrong with Thames Water?

Thames Water again? We’re not in the water business. But this story has a moral, so read on. There are many reasons for the current predicament in the UK’s water utility business. This situation resembles one of those detective stories where almost eve…

Canada Amending Trans Mountain Ownership Regulations to Help Pipeline Sale

Canada is amending regulations on how it manages the government-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according to an official government notice published on Wednesday. The long-delayed Trans Mountain e…

China’s Rapid Nuclear Expansion Is Threatening U.S. Dominance in the Sector

China’s runaway nuclear energy expansion has competitors biting their fingernails. As nuclear energy regains traction around the world as a promising baseload power source for a decarbonized future, it’s also become more and more of a geopolitical batt…

EU Adopts Regulations to Help Limit Russian LNG Imports

The European Union (EU) this week adopted new market rules for natural gas and hydrogen that allow member countries to essentially ban the import of Russian LNG. The EU Council adopted the package of regulations to aid decarbonization efforts by helping the bloc shift to renewable and low-carbon gasses in the energy system. It sets…

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Moscow Withdraws Draft That Proposed Expanding its Territorial Waters

Russia has withdrawn without explanation a Defense Ministry draft that proposed revising Moscow’s maritime border in the eastern Baltic Sea and expanding its territorial waters that raised the ire of littoral NATO members Finland, Sweden, Lithuania, an…

Natural Gas Futures Back to Rally Mode — MidDay Market Snapshot

Natural gas futures were returning to rally mode through midday trading Wednesday, shaking off a temporary stumble in the previous session as attention shifted back to summer power burns and declines in excess storage. Here’s the latest: June Nymex futures up 12.6 cents to $2.797/MMBtu as of 1:47 p.m. ET July contract nosing above $3…

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Democrats Urge DOJ to Investigate Oil Majors for Climate Change Disinformation

U.S. Democratic lawmakers have referred the world’s largest international oil companies to the U.S. Department of Justice, urging an investigation into Big Oil’s ‘deceptive claims’ about its products that have misled the public about the effects on cli…

Delivering the first Liebherr mining excavator to Eastern Canada  

In early January this year, Liebherr-Canada handed over an R 9150 mining excavator to new customer L. Fournier & Fils – a […]
The post Delivering the first Liebherr mining excavator to Eastern Canada   appeared first on Canadian Mining Journa…

Iamgold arranges $410M bought deal financing to up share in Côté mine 

Iamgold (TSX:IMG; NYSE: IAG) and a syndicate of underwriters co-led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets, […]
The post Iamgold arranges $410M bought deal financing to up share in Côté mine  appeared firs…

NiCAN defines new nickel zone to north at Wine property in Manitoba 

NiCAN (TSXV: NICN; FRA: W8Y) has defined a new zone to the north of its Wine nickel property in the Flin Flon-Snow […]
The post NiCAN defines new nickel zone to north at Wine property in Manitoba  appeared first on Canadian Mining Journal.

Oil Prices Maintain Losing Streak on Inflation Confusion

The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the beginning of the week, with Brent crude also losing ground around $82 per barrel as inflation concerns once again took center stage.  At …

Hudbay arranges $478M bought deal equity offering 

Hudbay Minerals (TSX: HBM; NYSE: HBM) and a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets have entered […]
The post Hudbay arranges $478M bought deal equity offering  appeared first on Canadian Mining Journal.

Kenorland stock surges as Centerra Gold takes 9.9% stake

Kenorland Minerals (TSXV: KLD; OTCQX: KLDCF) has welcomed Centerra Gold (TSX: CG) as a new shareholder after the Canadian gold producer took […]
The post Kenorland stock surges as Centerra Gold takes 9.9% stake appeared first on Canadian Mining J…

JV video: Standard Uranium readies drills for $2M Athabasca Basin program

Standard Uranium (TSXV: STND; US-OTC: STTDF) is boosting its chances of making a discovery in the Saskatchewan’s Athabasca Basin with joint ventures and […]
The post JV video: Standard Uranium readies drills for $2M Athabasca Basin pro…

Australia Delays Coal Plant Closure Due to Insufficient Renewable Energy

Australia is delaying the closure of its biggest coal plant because there is not enough wind and solar capacity to replace the baseload generator yet. This is according to Bloomberg, which reported that Origin Energy had received a request from the New…

Judge Greenlights Exxon Lawsuit Against Activist Investor

A U.S. District Judge has ruled that Exxon can proceed with its lawsuit against activist investor Arjuna Capital, which wanted to force the company to make more advanced net-zero commitments. The judge, however, excluded Follow This, the other target o…

Petrobras to Stop Selling Refineries

Brazil’s state oil major Petrobras has agreed with the country’s antitrust regulator to stop selling refineries in order to boost its processing capacity. Five years ago, Bloomberg recalls, Petrobras had announced plans, coordinated with the watchdog, …

The Harsh Truth About Space Mining and Direct Air Capture

The dictionary doesn’t quite do justice to the word “boondoggle” according to author Dmitri Orlov, best known for his book Reinventing Collapse. A contemporary boondoggle must not only be wasteful, it should, if possible, also create additional problem…

Imperial starts production at new oilsands project using lower-emissions technology

CALGARY — Imperial Oil Ltd. says it has started production at its new Grand Rapids oilsands project located at its Cold Lake operating site.
The Calgary-based company, which is majority owned by U.S. giant ExxonMobil, says the project will use a mixtu…

Developers Ask DOE to Approve 4 MMty Gato Negro LNG Project in Mexico

Mexican developers backed by Big River Energy LLC are seeking approval from the Department of Energy (DOE) for a 4 million metric ton/year (mmty) LNG export project in Manzanillo that would be fed by U.S. natural gas. Gato Negro Permitium Uno SAPI de CV filed a request with the DOE to import up to 0.647…

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Developers Ask DOE to Approve 4 MMty Gato Negro LNG Project in Mexico

Mexican developers backed by Big River Energy LLC are seeking approval from the Department of Energy (DOE) for a 4 million metric ton/year (mmty) LNG export project in Manzanillo that would be fed by U.S. natural gas. Gato Negro Permitium Uno SAPI de CV filed a request with the DOE to import up to 0.647…

The post Developers Ask DOE to Approve 4 MMty Gato Negro LNG Project in Mexico appeared first on Natural Gas Intelligence

Shell Sees Emerging Asian Markets Taking More of World’s Growing LNG Supply

(Reuters) – Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this deca…

EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas

Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas industry than ever before, the Energy Information Administration (EIA) said on Wednesday in an in-depth analysis of weather’s effects on supply an…

Shell Plans Major Work at Its Largest German Oil-Processing Complex

Shell is planning extensive work and a turnaround at the Energy and Chemicals Park Rheinland near Cologne, Germany’s biggest oil-refining complex, in the autumn of 2024, Bloomberg reported on Wednesday, quoting sources with knowledge of the plans. The …

Australia’s LNG Sector is Long-Term Bullish, but Needs a Carbon Price

(Reuters) – Australia’s natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of companies and countries. Thi…

EIA Confirms Small Crude Inventory Build, Gasoline Draw

WTI crude oil traded below $78 today after the U.S. Energy Information Administration reported an estimated inventory increase of 1.8 million barrels for the week to May 17. This compared with a draw of 2.5 million barrels for the previous week that pu…

Why Kinder Morgan is Targeting This Texas Oil Field

American oilfield services provider and pipeline operator Kinder Morgan has acquired nearly 12,000 acres of Texas oil and gas producing assets in its quest to take advantage of carbon capture incentives designed to boost output from producing fields, R…

COMMENTARY: Fossil Fuels Not Going Away Anytime Soon

At a time of persistent cost of living pressures and mounting worldwide geopolitical tension, it’s not surprising that energy issues are in the spotlight in Canada and beyond. Earlier this year, the Trudeau government decided to freeze its carbon tax f…

Time Running Out for BHP’s Anglo American Bid

The clock is counting down on BHP’s takeover swoop for Anglo American today as the Australian miner is left with just hours to table an improved offer or walk away. BHP has been hiking its bids for Anglo American over the past month after making an ini…

Phillips 66 Pursues $550M Acquisition to Expand Natural Gas Operations in Permian Midland

Phillips 66 agreed to acquire Pinnacle Midland Parent LLC in an all-cash deal that would expand its natural gas gathering and processing operations in West Texas. The Houston-based company agreed to pay $550 million to acquire Pinnacle from private equity firm Energy Spectrum Capital in a deal expected to close around mid-year. The acquisition would…

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Shell sees emerging Asian markets taking more of world’s growing LNG supply

Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade. [Image: Shell]

Oil Prices Remain Rangebound as Demand Concerns Mount

Weakening demand is keeping crude oil prices stuck in a range that they can’t break above. Ample supply is helping. In even worse news for oil bulls, the chances of this state of affairs changing anytime soon are slim. The perception that demand is wea…

OMV Warns Russia’s Gazprom May Halt Natural Gas Supply to Austria

Russian state giant Gazprom could halt natural gas supply to Austria’s OMV due to a foreign court ruling that could interrupt OMV payments to Gazprom Export, the Austrian firm said in an urgent market message. OMV’s unit OMV Gas Marketing & Trading Gmb…

Europe Needs to Double Energy Grid Investments to Keep Net-Zero in Sight

Europe needs to double its annual investments in grids to keep net zero in sight by enabling electrification of transport, heating, and industry, and integrating rising renewable energy sources, Eurelectric, the federation of the European electricity i…

Energy Lenders Predicting Natural Gas Price Recovery in 2025

Banks that lend to the oil and gas industry expect natural gas prices to recover from recent historic lows and reach the $3/MMBtu mark by 2025, according to new research by Haynes and Boone LLP. The law firm surveys bankers twice a year about their current oil and natural gas price decks, which are used…

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APA Selling Bundle of Natural Gas-Weighted Properties in Upper Eagle Ford, Permian

Houston-based APA Corp. has clinched agreements to sell some natural gas-weighted assets across Texas for more than $700 million. Subsidiary Apache Corp., which oversees exploration and production activity, is divesting properties in the Upper Eagle Ford Shale, which is generally in East Texas. It also is selling properties in West Texas within the Permian Basin’s…

The post APA Selling Bundle of Natural Gas-Weighted Properties in Upper Eagle Ford, Permian appeared first on Natural Gas Intelligence

In Wake of Golden Pass Construction Concerns, Natural Gas Futures Add to Losses

With recent developments fueling concerns over the export demand outlook to stall bullish momentum, natural gas futures conceded further ground in early trading Wednesday. The June Nymex contract was off 3.5 cents to $2.636/MMBtu at around 8:40 a.m. ET. July was down 2.3 cents to $2.816. Natural gas futures had been rallying furiously but faltered…

The post In Wake of Golden Pass Construction Concerns, Natural Gas Futures Add to Losses appeared first on Natural Gas Intelligence

Japan’s MOL signs charter deal for LNG carrier with Jera

The new LNG carrier will be constructed at the Geoje Shipyard of Samsung Heavy Industries and is scheduled for delivery in 2026.

Elliott Notches Win With Suncor as Shares Rise to 16-Year High

Oil-sands giant announces plan to accelerate share buybacks Stock has climbed 33% since activist’s stake was revealed Suncor Energy Inc. shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share buybacks, mar…

Shell Investors Ok Weaker Emissions Targets at Meeting

Chief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And…

China’s Blistering Solar Power Growth Runs Into Grid Blocks

Summary New solar build drops 32% year-on-year in March Forecasts vary sharply for China’s 2024 solar build Panel manufacturing growth to outpace solar rollout Market pricing, grid constraints deter new projects BEIJING, May 22 (Reuters) – …

Oil Slips for Third Day on Likely ‘Higher for Longer’ U.S. Rates

Summary API reports crude and gasoline stocks rise, sources say UK inflation falls less than expected Fed minutes, EIA inventory report awaited LONDON, May 22 (Reuters) – Oil prices fell on Wednesday, retreating for a third straight day on expect…

Suncor Not Rushing to Secure Additional Supply for Base Plant Oilsands Facilities

CALGARY – Suncor Energy Inc. says it will be more than five years before it makes any significant investments to secure additional bitumen supply to replace output from its Base Plant oilsands mine. The Calgary-based company has been exploring options …

Hess Facing Three Lawsuits Over Disclosures in Chevron Deal

 Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron. Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana’s lucrative offshor…

Global Carbon Emissions Pricing Raised Record $104 Billion in 2023

Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a report on Tuesday. Several countries are us…

763997 Alberta Ltd. (Formerly Target Capital Inc.) and Grafton Ventures Energy Holdings Corp. announce conditional approval for business combination transaction

CALGARY, AB, May 21, 2024 /CNW/ – 763997 Alberta Ltd. (formerly Target Capital Inc.) (“TCI“) (NEX: TCI.H) and Grafton Ventures Energy Holdings Corp. (“Grafton“) are pleased to announce that TCI has received conditional approval from the TSX Venture Exc…