US EPA removes existing natgas plants from proposed carbon rule

The U.S. Environmental Protection Agency on Thursday said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities.

SBQuantum and Silicon Microgravity use quantum sensing for mineral exploration

SBQuantum, the first company developing diamond quantum magnetometers to accelerate critical minerals exploration, has created a new partnership with Silicon Microgravity, a […]
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Energean achieves first gas from Karish North in Israel

Energean Israel has also entered into a new 15-year gas sales agreement with Eshkol Energies Generation.

Solar Stocks Rally on Optimistic Guidance 

The solar sector has snapped from a months-long selloff after the largest U.S. solar module manufacturer, First Solar Inc. (NASDAQ:FSLR), beat Wall Street’s earnings estimate and also issued robust 2024 guidance. First Solar reported Q4 2023 GAAP EPS o…

Natural Gas Futures Market’s Wild Swings Set To Continue

Despite the currently low U.S. natural gas prices and the huge shale gas resources, the futures market has seen wild swings in recent months. Record 2023 gas production and one of the warmest winters for decades may have sunk the U.S. benchmark gas pri…

CES Energy Solutions Corp. announces strong fourth quarter and full year 2023 results with record revenue and adjusted EBITDAC and a 20% increase to its quarterly dividen

CALGARY, AB, Feb. 29, 2024 /CNW/ – CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC: CESDF) is pleased to announce strong financial results for the three and twelve months ended December 31, 2023, along with a 20% increase to its qua…

Petrus Resources announces monthly activity update

CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www…

Athabasca Oil announces 2023 year-end results & reserves and plans to renew annual share buyback program

CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2023 year-end results and reserves. Athabasca provides investors unique positioning to top tier liqu…

Petrobras Plans Dividend Squeeze To Fund Transition to Renewables

Brazil’s state-owned energy heavyweight Petrobras will be distributing more modest dividends in the future as it prepares to become a renewable energy company. That’s according to chief executive Jean Paul Prates, who spoke to Bloomberg and said that p…

Natural Gas Futures Fail to Sustain Momentum After EIA Prints Lean Storage Result; Cash Called Lower

Natural gas futures treaded lightly throughout Thursday’s session as traders weighed a seasonally weak storage result against continued signs of a pullback among producers.  At A Glance: EIA reports 96 Bcf withdrawal Output slips below 102 Bcf/d Weather demand set to fade Following a three-day rally, the April Nymex gas futures contract ultimately settled at…

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CFE Looking to Develop Texas Natural Gas Storage as Mexico Import Needs Mount — Spotlight

Mexico’s Comisión Federal de Electricidad (CFE) wants to develop natural gas storage in South Texas in time for new industrial projects in Mexico that would require stable and increased shipments from the United States. CFE’s international marketing arm, CFE International, has issued a request for proposals (RFP) from interested parties. The RFP is seeking proposals…

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Oil Majors Dive Into Deepwater Projects Despite Tight Budgets

Oil and gas upstream majors — ExxonMobil, Shell, Chevron, BP, TotalEnergies and Eni — will continue to exercise caution in exploration spending this year, with drilling activity poised for a busy year ahead. According to Rystad Energy’s research, these…

Natural Gas Forward Curves Strengthening for 2024 Amid Signs of Weaker Production

Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…

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Canada’s Nuclear Ambitions Clash With Clean Hydrogen Goals

A closer look at Ottawa’s policy shifts reveals mixed signals on the future of energy.  By Resource Works More News and Views From Resource Works Here For a while there, we thought that Canada – facing enormous demand for more and more electricit…

The Importance of Canadian Crude Oil to Refineries in the U.S.

Oil from Canada supplies more than 23% of U.S. refinery feedstock, helping bolster North American energy security By Ven Venkatachalam Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Aerial vie…

Biden Moves to Restore FERC to Five in Nominating Two Democrats, One Republican to Panel

President Biden has nominated two Democrats and one Republican to join FERC, which has been perilously short-handed for months. By statute, the Federal Energy Regulatory Commission is to be composed of five people, with no more than three from the same political party. Only three people are serving FERC today, led by Chair Willie Phillips,…

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Woodside Lands Additional Scarborough Customer with Kogas Supply Agreement

As its work on the Scarborough LNG project progresses, Woodside Energy Group Ltd. has netted another major Asian customer for the expansion, this time signing on the world’s largest single importers of liquefied natural gas. Woodside has inked an agreement with Korea Gas Corp. (Kogas) to supply 0.5 million metric tons/year (mmty) of LNG on…

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Asia’s Energy Dilemma: Can the Continent Kick Its Coal Habit?

Countries worldwide are accelerating the closure of their coal plants, as governments and private companies plough money into growing the global renewable energy capacity, supporting a gradual transition away from fossil fuels. Coal is expected to be t…

Saipem First to Call Drop in Aramco Orders Over Oil Expansion Plan Scrapping

Italy’s Saipem oilfield services company said on Thursday that it was anticipating a 20% fall in orders from Aramco as a result of the Saudi oil giant’s orders from on high in late January to scrap plans for expanding capacity, Reuters reported.  In 20…

Saipem First to Call Drop in Aramco Orders Over Oil Expansion Plan Scrapping

Italy’s Saipem oilfield services company said on Thursday that it was anticipating a 20% fall in orders from Aramco as a result of the Saudi oil giant’s orders from on high in late January to scrap plans for expanding capacity, Reuters reported.  In 20…

Low-Cost Nickel from Indonesia is Flooding The Market

Via Metal Miner   The global nickel mining industry is under stress, and the primary reason is an oversupply of low-cost nickel from Indonesia. Moreover, this constant supply continues to support a major global surplus, placing downward pressure on the…

No Leap Higher for Natural Gas Futures Despite Storage Miss — MidDay Market Snapshot

Natural gas futures fail to rally on supportive storage miss as market still headed for hefty end-of-season inventory cushion April Nymex contract went as high as $1.918/MMBtu after reported 96 Bcf withdrawal for week ended Feb. 23, versus 80s Bcf consensus The front month was off 1.9 cents to $1.866/MMBtu as of 2:21 p.m. ET…

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New Fortress commissions Brazilian LNG import terminal

Energos Celsius FSRU provides 6mn tonnes/year of regas capacity. [Image credit: New Fortress Energy]

Schaft Creek JV advances to prefeasibility stage

The Schaft Creek joint venture – 75% Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) and 25% Copper Fox Metals (TSXV: CUU; OTCQX: […]
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Another new discovery – 1,910 g/t over 0.3 metre – for New Found Gold at Queensway project

New Found Gold (TSXV: NFG; NYSEA: NFGC) has drilled another new discovery at its Queensway gold project 15 km west of Gander, […]
The post Another new discovery – 1,910 g/t over 0.3 metre – for New Found Gold at Queensway project appeared first o…

Mining People: Advanced Gold, Core Nickel, Japan Gold, North Arrow

Management changes announced this week: Advanced Gold Exploration named Andrew Ramcharan president. ATHA Energy appointed Ryan Gaffney as SVP of business development. […]
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Altamira LNG Could Ship First U.S. Natural Gas Cargo from Mexico in April

New Fortress Energy Inc. (NFE) anticipates its offshore Altamira Floating LNG unit could become the first operating Mexican export facility in the coming weeks. After delays that stretched the commissioning process, CEO Wes Edens told analysts during a fourth quarter call that the first volumes of liquefied natural gas were expected to be produced in…

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Wood Mac Shaves 1 Million BPD off Global Oil Demand Forecast

Wood Mackenzie has revised its global oil demand forecast downward by 1 million barrels per day to 1.9 million bpd for 2024, with the biggest increases in demand coming from China and India. Citing a Wood Mac briefing during an Energy Institute confere…

Wood Mac Shaves 1 Million BPD off Global Oil Demand Forecast

Wood Mackenzie has revised its global oil demand forecast downward by 1 million barrels per day to 1.9 million bpd for 2024, with the biggest increases in demand coming from China and India. Citing a Wood Mac briefing during an Energy Institute confere…

TNM Podcast: Communicating the mining story to younger investors, ft Refined Substance’s Kimberly Darlington

This week’s episode features Kimberly Darlington, president and founder of Refined Substance, in conversation with host Adrian Pocobelli about the nature of investor relations in the […]
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New Tech Enhances Safety and Performance of Lithium Ion Batteries

Incheon National University scientists have developed a method to improve the stability and properties of lithium ion battery separators with a layer of silicon dioxide and other functional molecules. The study published in Energy Storage Materials dem…

Canada to Expedite Approval of New Nuclear Projects, Energy Minister Says

Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural Resources Minister Jonathan Wilkinson said. All new major pr…

Crescent Point Energy Lifts Base Dividend as It Turns Profit for Q4

Canadian oil and gas producer Crescent Point Energy (NYSE: CPG) is raising its quarterly base dividend by 15% as it reported on Thursday a net income for the fourth quarter, compared to a loss for the same period of 2022. Crescent Point booked US$701 m…

Egypt Seals Historic $35 Billion Development Deal with UAE

Via Middle East Eye Egypt has agreed to a $35 billion deal with the United Arab Emirates to develop the town of Ras el-Hekma town on its northwestern coast, Egyptian Prime Minister Mostafa Madbouly announced on Friday after weeks of speculations. Madbo…

Utility Scale Solar Installations Saw Largest Jump Ever Last Year

Utility-scale solar installations in the United States rose by 60% last year, the highest level ever recorded, according to new data. U.S. solar projects grew by 15 GW last year—a 60% increase and the highest jump on record, environmental research grou…

Utility Scale Solar Installations Saw Largest Jump Ever Last Year

Utility-scale solar installations in the United States rose by 60% last year, the highest level ever recorded, according to new data. U.S. solar projects grew by 15 GW last year—a 60% increase and the highest jump on record, environmental research grou…

Abitibi Metals drills 3.5% copper in Quebec

Abitibi Metals (CSE: AMQ; OTC: AMQFF) says its first two drill holes at the B26 polymetallic deposit in northern Quebec bode well […]
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Oil Workers Fired As Strike Rages On in Kazakhstan

An oil services company in western Kazakhstan whose operations have been hampered by a strike that began in December has escalated the standoff by announcing that it will dismiss 50 employees involved in industrial action.  The firings, announced by We…

Golden Minerals stops mining at Velardeña two months after restart

Golden Minerals Company (NYSEA: AUMN; TSX: AUMN) announced Thursday that it has elected to stop silver-gold mining at its Velardeña properties in […]
The post Golden Minerals stops mining at Velardeña two months after restart appeared first on Ca…

Utility Scale Solar Installations Saw Largest Jump Ever Last Year

Utility-scale solar installations in the United States rose by 60% last year, the highest level ever recorded, according to new data. U.S. solar projects grew by 15 GW last year—a 60% increase and the highest jump on record, environmental research grou…

April Natural Gas Futures See-Saw Following Steeper-Than-Expected Storage Draw

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 96 Bcf natural gas from storage for the week ended Feb. 23. The result exceeded market expectations for a pull in the high 80s Bcf and briefly boosted Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the April futures…

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Crescent Point announces 2023 results & reserve

CALGARY, AB, Feb. 29, 2024 /PRNewswire/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2023. KEY HIGHLIGHTS Transformed…

Hercules Silver (TSXV:BIG) Intersects Shallow Silver-Lead-Zinc Above Copper Porphyryat the Hercules Adit and Belmont Zones

Hercules Silver (TSXV:BIG) has announced that recent drilling at its Hercules Silver Property in western Idaho has encountered significant silver-lead-zinc mineralization in the shallow holes above the newly discovered Leviathan porphyry copper deposit. The drilling indicates increasing silver grades toward the northwest, moving closer to the Hercules Adit Zone. This trend mirrors the increase in […]

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Can Anything Stop Bitcoin’s Bull Run?

Bitcoin surged beyond $63,000 on Wednesday, marking its highest level in over two years, fuelled by a wave of investment into new U.S. spot bitcoin exchange-traded products. This rally, witnessing a remarkable 42% increase this month, is shaping up to …

Kuwait’s Fuel Oil Exports Jump to Record as New Refinery Ramps Up

Fuel oil exports from one of OPEC’s top crude exporters, Kuwait, are estimated to have hit a record-high level in February, as the new Al-Zour Refinery has ramped up fuel processing to full capacity. In February, fuel oil exports from Kuwait reached a …

Saipem First to Call Drop in Aramco Orders Over Oil Expansion Plan Scrapping

Italy’s Saipem oilfield services company said on Thursday that it was anticipating a 20% fall in orders from Aramco as a result of the Saudi oil giant’s orders from on high in late January to scrap plans for expanding capacity, Reuters reported.  In 20…

Natural Gas Price Volatility? For Ovintiv, Efficiencies and Hedging Poised as Shield 

Denver-based Ovintiv Inc. has set up its year to avoid natural gas price swings through a hedging program that covers about 50% of volumes. The independent, which operates across the Anadarko, Permian and Uinta basins, as well as the Montney Shale in Western Canada, has a base Nymex price assumption of $2.50/Mcf for 2024. “More…

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Russian pipeline gas exports to Europe rise 4% in February m/m – Reuters calculations

Average daily natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM were up 4% in February from average January levels and rose by almost 26% from the same month of 2023, Reuters calculations showed on Thursday.

Offshore Oil Discoveries Thrive

Analysts and energy industry executives are sounding the alarm about underinvestments in oil and gas exploration. This has been going on for years, and it is a recipe for shortages down the road. But despite the industry as a whole spending less money …

Crescent Point Energy Reports Q4 profit, Raises Quarterly Dividend 15%

CALGARY — Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent as it reported fourth-quarter net income of $951.2 million compared with a loss of $498.1 million a year earlier.
The company says it will now pay a quarterly bas…

Natural Gas Technicals Point to Oversold Market Poised for Price Rally

As bearish weather and storage fundamentals weigh on natural gas prices amid oversold conditions, technical indicators are suggesting the potential for the market to pivot higher.  Technical analysts pointed to relatively heavy short positioning and volatile price action, both of which can be a recipe for turnarounds. Still, an upturn may not be immediate, with…

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Apple’s Electric-Vehicle Wind Down Offers Reprieve to Tesla, Detroit Rivals

Automakers now have one fewer competitor to worry about in a crowded and uncertain arena Bloomberg News The sudden demise of Apple Inc.’s electric-vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves. A…

Effort to End Colorado Natural Gas and Oil Development Going Nowhere, Says Civitas CEO

Another attempt to phase out natural gas and oil drilling in Colorado is ramping up, but it’s unlikely to advance, Civitas Resources Inc. CEO Christopher Doyle said Wednesday.Doyle helmed a conference call with analysts to discuss fourth quarter results and the outlook for 2024. Most of the discussion centered on the Denver-Julesburg (DJ) Basin in…

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Lighter-Than-Normal Withdrawal Expected from EIA as Natural Gas Futures Slide

Natural gas futures eased lower early Thursday as traders prepared to digest another surplus-padding result from the latest government inventory data, and as the weather outlook continued to offer little encouragement for bulls. The April Nymex contract was off 2.3 cents to $1.862/MMBtu as of 8:48 a.m. ET. May was down 2.1 cents to $2.031.…

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Oil Producers May Not Share Analysts’ Views of a Tighter Market

The disruption in the Red Sea has pushed the amount of crude in transit to a six-month high. Oil analysts and executives from across the industry are starting to sound more upbeat than they have for a while at International Energy Week in London. Speak…

India’s Coal Stocks Soar to Seasonal Record

As coal mining soars, coal stocks at India’s power generators have hit their highest-ever level for this time of year despite record coal-fired power production to meet surging demand. Coal-fired power generators had amassed as many as 44 million tons …

Canadian Natural Resources Reports Q4 Profit Up, Raises Quarterly Dividend

CALGARY — Canadian Natural Resources Ltd. raised its quarterly dividend as it reported a fourth-quarter profit of $2.63 billion, up from $1.52 billion a year earlier.
The company says it will now make a quarterly payment to shareholders of $1.05 per …

Oil Prices Expected to Remain Tethered Near $80 a Barrel

Summary OPEC+ expected to make a decision in March on output cuts Spare capacity at multi-year highs- analyst For table of crude price forecasts, click Feb 29 (Reuters) – Analysts were less bullish on oil in February for a fourth straight month, …

Oil Prices Steady as Market Awaits Interest Rate Cues

PCE price index expected to be released at 1330 GMT U.S. crude stockpiles build for fifth straight week Market eyes potential extension to OPEC+ supply cuts LONDON, Feb 29 (Reuters) – Oil prices were little changed Thursday as investors kept thei…

Shell’s U.S. Solar Unit Launches Asset Sale

(Reuters) – Shell’s  U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sa…