Day: November 23, 2023

European natural gas markets and governments are much calmer at the beginning of this winter heating season compared to last year, thanks to full gas storage sites and steady flows of LNG supply, including to the new import terminals built in the past …

CALGARY — One of Alberta’s largest power generators says more than two-thirds of its profits will come from renewable electricity production by 2028 — a major transformation for a company that once was one of the largest emitters of greenhouse gases i…

Oscar Judelson-Kelly: New federal policies are a good start, but more needs to be done to ensure Canadian carbon capture can compete with the US. A carbon capture pipe at the Quest CCS project in Fort Saskatchewan. Photo by Shell Canada. By Resource Wo…

A gas field offshore Gaza with more than a trillion cubic feet in reserves could become a future revenue stream for the Palestinian economy. There have been suggestions that this gas is the reason for the war between Israel and Hamas, with the Israeli …

One of the biggest oil exporters in the Middle East, the United Arab Emirates, is set to increase from 2024 the exports of its flagship Murban crude grade as the UAE will see its production quota in the OPEC+ deal increased, traders have told Reuters. …

University of Houston energy researchers suggest hydrogen fuel can potentially be a cost-competitive and environmentally friendly alternative to gasoline and diesel, and that supplying hydrogen for transportation in the greater Houston area can be prof…

WINNIPEG — The Manitoba government introduced a bill Thursday to suspend the province’s fuel tax for six months, and possibly longer.
If the bill is passed into law, it would lift the 14-cent-a-litre tax on gas, diesel and natural gas used in vehicle…

Nissan will provide a significant boost for Sunderland on Friday, with a committment to producing electric versions of two of its best selling models in the city. The Japanese carmaker will reveal plans to build its new electric Qashqai and Juke models…

News of record installations of so-called renewable energy electric generation in China may have kindled the hopes of those supporting the “green” agenda and hostile to fossil fuels. However, China is in no position to give up hydrocarbons, particularl…

Southeast Asia’s largest economy, Indonesia, launched on Friday construction works on its first carbon capture, utilization, and storage (CCUS) project, which will be operated by energy supermajor BP.  The project, whose construction start was inaugura…

Recent oil and gas discoveries in the Democratic Republic of Congo (DRC) mean that the country has the second largest crude oil reserves in Central and Southern Africa, after Angola. Several international oil majors have been eyeing Africa for the deve…

CALGARY — Carbon capture and storage has become a key plank of the Canadian oil and gas sector’s decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm.
In …

Libya’s oil minister has accused international oil companies operating in the country of taking advantage of the political instability in the country to delay their development plans. “Most of the IOCs have committed to specific projects and up till no…

Finland will close all but one of the border crossing points still open along its frontier with Russia from November 24 in a bid to stem a flow of asylum seekers, Prime Minister Petteri Orpo said. Orpo announced the additional closures at a news confer…

In the intricate landscape of global finance, where the credibility of nations is constantly under the microscope, credit ratings emerge as crucial indicators. These ratings, determined by the big three of the financial world – Standard & Poor’s (S&P),…

Brazil’s state oil and gas major Petrobras has budgeted $102 billion for the next five years, with the bulk of the sum to be spent on a boost in oil and gas exploration. The five-year investment plan is a 31% increase on Petrobras’s budget for the prev…

The Iran-aligned Houthi rebels of Yemen have warned Israel and its allies that any ship crossing the Bab el-Mandeb Strait linking the Red Sea with the Arabian Sea will be considered “a legitimate target,” in the latest escalation of the threat to one o…

The European Commission is expected to propose next week a plan for accelerating investment in grids to support the EU’s renewable energy targets, according to a draft of the plan seen by Reuters. “The backbone of today’s electricity systems, grids are…

As Europe braces for the cold of winter arriving in the coming days, the natural gas market is about to face its first major test of the season. Recent weeks have seen relative stability in the TTF market, following the resolution of potential strikes …

Finland will close all but one of the border crossing points still open along its frontier with Russia from November 24 in a bid to stem a flow of asylum seekers, Prime Minister Petteri Orpo said. Orpo announced the additional closures at a news confer…

Lower seasonal demand and falling crude oil prices have helped the average U.S. price of a gallon of regular gasoline to drop by 10% ahead of Thanksgiving compared to the same time last year, the Energy Information Administration (EIA) says. On Novembe…

The High Court in London has ruled that thousands of Nigerians can sue Shell for breaching their right to a clean environment due to oil spills, law firm Leigh Day, representing the plaintiffs, said on Thursday. “If the case succeeds at trial, it will …

Calgary, Alberta–(Newsfile Corp. – November 22, 2023) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2023. Selected financial and o…

CALGARY, AB, Nov. 22, 2023 /CNW/ – Perpetual Energy Inc. (“Perpetual”, or the “Company”) (TSX: PMT) is pleased to announce that it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian priva…

CALGARY, AB, Nov. 22, 2023 /CNW/ – Logan Energy Corp. (“Logan” or the “Company“) is pleased to report its unaudited financial and operating results for the third quarter of 2023, and to provide an operations update, increased guidance for the second ha…

CALGARY, AB, Nov. 22, 2023 /CNW/ – Highwood Asset Management Ltd., (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce an operational update, including its inaugural multi-lateral open hole (“MLOH“) well result, and to reiterate its 2024 g…

Canada’s Imperial Oil is repairing a culvert at its Kearl oil sands mine in northern Alberta after accidentally releasing 670 cubic metres of sediment-laden water into the Muskeg River from a settling pond, the company said on Wednesday. The incident o…

OTTAWA — The “next steps” for a long-awaited Indigenous loan guarantee program will be announced in next year’s federal budget, the Liberal government promised in its fall economic statement on Tuesday.
But industry groups and Indigenous leaders are …

Summary Prices continue to fall after previous session’s plunge Meeting delay stokes expectations OPEC+ might not deepen cuts Delay likely to be linked to dissenting African members -sources Nov 23 (Reuters) – Oil prices dipped about 1% on …

First Nations LNG Alliance CEO Karen Ogen takes message of coastal nations to Beijing By Will Gibson Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Participating in a recent trade mission to C…

Summary Prices continue to fall after previous session’s plunge Meeting delay stokes expectations OPEC+ might not deepen cuts Delay likely to be linked to dissenting African members -sources Nov 23 (Reuters) – Oil prices dipped about 1% on …

Summary OPEC+ had been scheduled to meet on Sunday Delay comes as countries struggle to agree output levels Dispute linked to African countries Oil loses nearly 1%, rebounds from 4% drop earlier Delay shows there are some different views in group &#821…

By Dale Swampy At the National Coalition of Chiefs (NCC) we have developed several national First Nation employment and training programs, including our flagship, the NCC National First Nations Electrician Apprenticeship program, which operates in part…

Czech majority state-owned utility CEZ has agreed to book 2 billion cubic metres (bcm) of annual capacity at the Stade LNG terminal in Germany from 2027, Prime Minister Petr Fiala said on Thursday.

The imports were up 2.6% on a month/month basis.

A public information event was held on Nov. 8 for Prince Rupert residents to learn more about the proposed Ksi Lisims Liquid Natural Gas (LNG) project. The open house was part of the facility’s enviromental assessment application. If approved, the floa…

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 35 energy, energy service and pip…

By Kenneth P. Green, Senior Fellow, Fraser Institute For several decades now, some economists have supported the idea of carbon taxes. An ideal carbon tax, they argue, is uniform across the economy, fuel/technology neutral, in lieu of—not atop of—addit…

Courtesy of GIPHY Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Almost every day now, a new energy transition project or a plan to rapidly grow an electricity grid is announced. Between net-zero electrification goal…

With China supporting a bigger role for CCUS to abate emissions from its continued use of coal in power generation, CCUS is gaining traction. [Gas in Transition, Volume 3, Issue 10]

By Irina Slav More From Irina Slav Borislav Boev has a Ph.D in economics. He defended his thesis in the field of economics of nuclear energy. He’s the author of numerous scientific publications dedicated to strategic energy planning and the economic as…

Crude oil prices remained depressed in morning trade today in Asia following the Wednesday slump. Yesterday’s drop in prices was caused by news that OPEC+ is delaying its meeting, originally scheduled for this Sunday, to next Thursday. The latest EIA o…

Spanish power utility Endesa on Thursday cut its profit and dividend outlook as it pledged to invest 8.9 billion euros ($9.71 billion) through 2026 with a growing focus on grids.

Chinese independent refiners, the biggest customers of Venezuela’s crude before the U.S. sanctions relief, are now holding back fresh purchases of oil from the Latin American country due to unpredictable discounts on cargoes after international majors …

Carbon capture and underground storage (CCUS) is touted by proponents of fossil fuel production and consumption as the technology that will keep oil and gas in the global energy mix.

The revised proposal came on November 22, just a day before a shareholder vote on the original bid, which has now been postponed to December 4.

Argentina’s President-elect Javier Milei selected a senior energy executive to lead state oil company YPF on Wednesday, his spokesperson announced, in one of the leader’s first major economic decisions after his triumph at the polls last weekend.

China saw its exports of gasoline drop in October from a year earlier and from September as Chinese refiners grapple with weaker domestic margins and limited remaining fuel export quotas.     The decline in fuel exports out of China suggests that the w…

Back in 2017, Tesla switched on the world’s biggest battery storage facility. Located in South Australia, the 159 MWh battery array can supply 30,000 homes with electricity in case of a blackout. For about one hour. Fast forward five years, and we have…