Day: January 31, 2024

CALGARY — The Canada Energy Regulator has issued its reasons for approving Trans Mountain Corp.’s revised pipeline variance application earlier this month. 
In a press release, the regulator says it found that approving the application with four cond…

Many private refiners in China, often referred to as ‘teapots’, have started this year struggling, squeezed between higher prices for importing sanctioned oil and depressed refining margins amid sinking domestic diesel prices in the face of a faltering…

Yes, they are still building the Hinckley Point C nuclear power station in the United Kingdom, and yes the latest estimated cost is more than the previously estimated cost and the completion date has receded another two years into the future.  This nuc…

Despite lower annual income for 2023 compared to its record-high profit of 2022, Shell (NYSE: SHEL) raised on Thursday its quarterly dividend and announced a new share buyback after beating consensus estimates for the fourth quarter and full year.     …

CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) — Razor Energy Corp. (together with its wholly-owned subsidiaries, Blade Energy Services Corp., Razor Royalties Limited Partnership, and Razor Holdings GP Corp., collectively, the “Corporation”) have eac…

This Could Have Serious Consequences… The efforts of millions of Canadians to show their support for responsibly produced Canadian oil and natural gas has made a real difference over the past few years as we see positive polling numbers continue …

Natural gas futures advanced for a second day Wednesday, supported by oversold technical levels and forecasts “raising alarms” for the return of frigid air in the back half of February. At A Glance: Nymex posts another gain National Avg. falls near $2 Lower 48 output at 104.6 Bcf/d The March Nymex gas futures contract rose…

The post Natural Gas Futures Nudge Higher as Forecasts Tease February Cooldown; Cash Slides appeared first on Natural Gas Intelligence

The lithium price crash over the past year is leading to a slew of profit warnings and project halts from the world’s biggest miners of the battery metal.  After warnings of project reviews and moves to preserve cash from U.S. and Australian lithium mi…

A consortium of Alaska First Nations is voicing opposition to the Eskay Creek project in northern British Columbia, a large open pit […]
The post Alaska Tribes seek rights in British Columbia to protect Unuk River watershed from gold mining appea…

A massive clean energy experiment is taking place in Hawai’i. It’s not that they are doing anything radically different in terms of renewable energy deployment, they’re just doing far more of it per capita than any other U.S. state. Hawai’i is not only…

There is great potential for several new uranium production markets as the U.S. and Europe look to diversify away from Russia for new nuclear energy pursuits. The U.S. and several European countries have announced ambitious nuclear power plans for the …

The meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group held a meeting via videoconference on Thursday and, as widely expected, did not recommend the full OPEC+ group take any action regarding crude oil production levels.   …

Lithium producer Sigma Lithium said on Wednesday that a new estimate of its mineral resource site in Brazil had shown lithium deposits were 27% higher than in a previous assessment from a year ago. Sigma Lithium now says that its Audited NI 43-101 Mine…

Mexico’s natural gas production averaged 4.3 Bcf/d in 2023, the highest full-year figure since President Andrés Manuel López Obrador, aka AMLO, took office in December 2018. The amount was up from 4.09 Bcf/d recorded in 2022, and 3.81 Bcf/d in 2019, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show.  Crude oil production, meanwhile,…

The post Mexico Natural Gas Production Hits Highest Level Under AMLO, Though Still Outpaced by Imports appeared first on Natural Gas Intelligence

ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations.  In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…

The post ExxonMobil Says Activist Shareholders’ ‘Extreme Agenda’ Designed to Diminish Existing Operations appeared first on Natural Gas Intelligence

Massachusetts Institute of Technology researchers announced a new organic battery material that could offer a more sustainable way to power electric cars. The lithium-ion battery includes a cathode based on organic materials to replace the cobalt or ni…

Storey Originally Published in the Globe and Mail – See it Here A regional agency in Alberta has banned oil and gas operations from using its treated water, as a severe drought parching Western Canada leads municipalities to prepare restriction p…

China will raise retail prices for gasoline and diesel starting today, to reflect the increase in international crude oil prices, Xinhua has reported. The price hike will be around $28 per ton for both fuels, the state news agency reported, citing a st…

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure Projects Forum.…

The post U.S. Natural Gas Said Essential to Mexico’s Economic Advancement  appeared first on Natural Gas Intelligence

Via Metal Miner   The frosty relationship between China and Australia continues to thaw, as evidenced in the bi-lateral trade indices indicate. Now, thanks to China’s growing copper demand, the world possesses one more indicator. According to recently …

Northern Graphite (TSXV: NGC; OTCQB: NGPHF) launched its NGC Battery Materials Group this week to spearhead its mine-to-battery strategy, which would make […]
The post Northern Graphite launches battery material group to boost mine-to-battery str…

Champion Iron (TSX: CIA; ASX: CIA; OTCQX: CIAFF)reported a record-breaking output of 4 million wet tonnes of iron ore during the third […]
The post Champion Iron reports record quarterly production of 4 million tonnes at Bloom Lake appeared first…

New Found Gold (TSXV: NFG; NYSE: NFGC) continues to intersect high-grade gold at its Queensway project 15 km west of Gander, Newfoundland. […]
The post New Found cuts 27.5 g/t gold over 7 metres and 8.69 g/t over 12 metres at K2 appeared first on…

Epiroc proudly launched its latest electric-driven drills, the Pit Viper 271 XC E, Pit Viper 275 XC E, and the Pit Viper […]
The post Epiroc launches three all-new electric Pit Viper blasthole drills appeared first on Canadian Mining Journal.

A cargo of 10,000 barrels of Russian crude arrived in November in the United States, Energy Information Administration data has shown, despite an official ban on Russian oil enacted by Congress two years ago. An official Russian oil import chart by the…

Yes, they are still building the Hinckley Point C nuclear power station in the United Kingdom, and yes the latest estimated cost is more than the previously estimated cost and the completion date has receded another two years into the future.  This nuc…

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines. The March Nymex gas futures contract rose 2.3 cents to settle at $2.077, after trading as low as $2.046. NGI’s Spot Gas National Avg. fell 37.5…

The post March Natural Gas Futures Debut Higher Even as Forecasts Stay ‘Massively Warmer’ appeared first on Natural Gas Intelligence

Shares in Manitoba-focused NiCAN (TSXV: NICN) surged 266.6% Wednesday on new assay results showing its longest zone of nickel-equivalent mineralization to date […]
The post NiCAN shares soar on high-grade nickel results at Wine project in Manitob…

After wrapping up the political section of his recent working trip to China, Uzbekistan’s President Shavkat Mirziyoyev took the long way home from Beijing by passing through the southern city of Shenzen. He traveled there to visit the headquarters of l…

A poll on X, launched by Tesla CEO Elon Musk, suggested that the company should move to be incorporated in Texas, where the company headquarters are. The poll was prompted by a Delaware court decision that voided Musk’s Tesla compensation package of a …

Less than a month after news that Phillips 66 was discussing the sale of some of its assets, the company has been forced to shut down a section of a natural gas pipeline due to a fire.  The natural gas pipeline in the Oklahoma Panhandle ruptured after …

Strong buying from China and India at the end of last year pushed Asia’s crude oil imports in January 2024 to the highest level in eight months, data compiled by LSEG Oil Research showed on Thursday.   Crude cargo arrivals in Asia, the prized oil-impor…

Courtesy of Tulsa World In a sequel that absolutely no one wanted, the Osage Nation – whose fight in the 1900s over mineral land rights was depicted in the movie Killers of the Flower Moon – once again finds itself in the middle of a legal battle over …

This year, the list of qualified electric vehicles (EVs) for U.S. tax credits is relatively small. Many popular models like the Nissan Leaf, Ford Mustang Mach-E, and some Tesla Model 3s are missing – largely due to new battery sourcing rules. With stri…

The UK’s Grain LNG, Europe’s largest liquefied natural gas terminal, signed on Wednesday a ten-year agreement that will extend the long-term storage and redelivery capacity of Algerian gas company Sonatrach at the Grain LNG terminal from January 2029. …

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory build of 1.2 million barrels for the week to January 26. This compared with a substantial draw of 9.2 million barrels for the previous week. A day …

Chinese economic activity, a key barometer of oil demand, put some downward pressure on oil prices on Monday after data showed on Wednesday that manufacturing contracted in January for the fourth straight month.  China’s official manufacturing purchasi…

Barrick Gold (TSX: ABX; NYSE: GOLD), through its subsidiary Compañía Minera Nevada, has submitted a $136 million environmental impact study (EIA)  to Chilean […]
The post Barrick to spend $136 million in failed Pascua-Lama project appeared first …

Via Metal Miner January 2024 unfolded as a dynamic and volatile month for financial markets and commodity prices. The early weeks of January saw euphoria among investors fueled with hopes of receding inflation concerns and a dovish fed. However, a hawk…

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

The post China Seen Driving LNG Demand Growth Amid Various Supply Constraints appeared first on Natural Gas Intelligence

If history repeats itself, the natural gas price recovery that took place after a 2019-2020 downturn could offer some insight into what may drive a recovery from a similar price routing in the 2023-2024 period, an NGI analysis shows. The years 2019 and 2020 saw a yearlong stretch in which prices sank below $3.500/MMBtu all…

The post Could Recent U.S. Natural Gas Price Troughs Offer Clues for Recovery in 2024 and Beyond? appeared first on Natural Gas Intelligence

As forecasts teased the prospect of an exceptionally mild February pattern turning cooler into the back half of the month, natural gas futures advanced in early trading Wednesday. The March Nymex contract was up 5.8 cents to $2.135/MMBtu at around 8:51 a.m. ET. April was up 5.3 cents to $2.157. As the March contract attempts…

The post Forecasts Hint at Cooler Shift as Natural Gas Futures Probe Higher appeared first on Natural Gas Intelligence

US President Joe Biden’s decision to pause approvals of new licenses to export liquefied natural gas will create opportunity for Canada’s sector, Energy Minister Jonathan Wilkinson said Tuesday. His understanding is that Biden is attempting to integrat…

(Reuters) – Oil prices fell on Wednesday, pressured by lacklustre economic activity in leading crude importer China, but a first monthly gain since September remained in sight as flaring tensions in the Middle East heightened supply concerns. Bre…

EDMONTON, Alberta, Jan. 30, 2024 (GLOBE NEWSWIRE) — For the third year in a row, Alberta Innovates and its subsidiary, InnoTech Alberta, are being recognized as one of Alberta’s top employers. This year Alberta’s Top 80 Employers’ list highlights…

CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company is pleased to announce that it has entered into a production enhancement contract (the “Pro…

Delivery of the K.J. Gardner is one of the final pieces of the biggest expansion of oil spill response in Canadian history By Mario Toneguzzi   Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter  …

Norway’s government on Wednesday said it would appeal a court’s decision to invalidate three permits that the energy ministry had granted for the development of new offshore oil and gas fields.

Whoever is in power after the next election, policy uncertainty is a long-term problem for the UK North Sea oil and gas industry.

Meet Khaled Sadek, PhD, P.Eng.! Khaled is a Mechanical Engineer with our Stress Engineering Services Canada office. Before joining our SESC team, he was employed with Suncor Energy Inc. for 14 years. Khaled possesses extensive expertise in static finit…

Here, we explore how integrating PACS into the current NDT framework brings significant advantages, impacting various facets of NDT practices. Integration With Existing NDT Infrastructure The successful integration of PACS within the existing NDT frame…

The vessel will be constructed by Hyundai Samho Heavy Industries in South Korea.

Leong will be the CEO with effect from April 7. [Image: SLNG]

Japan’s Tokyo Gas on Wednesday raised its net profit and dividend forecast for the year ending in March 2024, ahead of posting third quarter results later this week.

Environmentalists are unlikely to challenge in court regulators’ expected approval of Venture Global LNG’s CP2 export terminal, activist Bill McKibben told Reuters on Tuesday. [Image: Venture Global]

The U.S. is facing a highly unpredictable and potentially divisive election. Donald Trump, the presumptive Republican presidential candidate, is embroiled in a mountain of legal trouble including  91 felony counts across two state courts and two differ…

Some tankers transporting Russian fuels have started to avoid the Suez Canal route to Asia as ship-tracking data shows operators of vessels carrying Russian oil products may have reached the risk tolerance for passing close to Houthi missiles in the Re…

Jera’s revenue for the nine months reached 2.78bn yen, reflecting a decline of almost 17% year/year.

The revenue was impacted by lower product prices. [Image: APLNG]

Permian Resources executed two transactions worth $175 million to buy acreage in New Mexico, the oil and gas firm said on Tuesday.