Day: February 1, 2024

China is over the halfway mark in completing its strategically vital oil project in the critical Iraqi energy hub of Nasiriyah, at the heart of the some of the country’s biggest oil and gas fields and close to its main export terminal of Al Fao in Basr…

CALGARY, Alberta, Feb. 01, 2024 (GLOBE NEWSWIRE) — In response to shareholder inquiries, Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) provided an update on upcoming events following the ruling by the Qubec Superior Court (C…

March Nymex natural gas futures settled the Thursday regular trading session down 5.0 cents day/day, turning negative after the U.S. Energy Information Administration (EIA) reported a storage withdrawal that was within market expectations.  At A Glance: Storage draw meets expectations Warm weather precedes cold Cash ends losing streak The front-month contract drifted on either side…

The post Natural Gas Futures Sink After EIA Storage Report; Cash Gains appeared first on Natural Gas Intelligence

U.S. oil and gas drilling has slowed in response to the fall in prices over the last 18 months, but that has not yet translated into slower production, keeping prices under pressure. Exploration and production firms have continued to increase output de…

Calgary, Alberta–(Newsfile Corp. – February 1, 2024) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its 2024 budget (the “Budget“). 2024 Budget Highlights Capital …

Regional natural gas forward prices came under bearish pressure across the curve during the Jan. 25-31 trading period as recovering production volumes and blowtorch winter temperatures foreshadowed excess supply heading into the upcoming injection season. Henry Hub fixed prices shed 16.0 cents for March delivery, ending the period at $2.112/MMBtu, NGI’s Forward Look data show.…

The post Natural Gas Forwards Weighed Down by Supply as Bulls Look for Colder Pattern Shift appeared first on Natural Gas Intelligence

Despite embracing a green transition through the introduction of ambitious climate pledges, Canada continues to produce large quantities of highly polluting oil sands. Oil production has long contributed to Canada’s economy and the oil-producing provin…

Strengthening but still lower production intersected with spring-like weather during February bidweek trading. Natural gas prices varied by region as a result, with swaths of the country impacted by lower supply and posting gains, and others reporting declines amid waning heating demand. Fresh concerns about the durability of the United States’ increasingly prominent LNG export…

The post February Natural Gas Bidweek Prices Mixed Amid Demand Downshift, Production Hits appeared first on Natural Gas Intelligence

Mexico’s nascent LNG market could be impacted by the decision of U.S. authorities to pause export licenses as they review methodology and guidelines. The liquefied natural gas export projects planned in Mexico, which amount to as much as 6 Bcf/d, would use U.S. natural gas as feed stock. As such, they require U.S. Department of…

The post Mexico LNG Export Projects Jolted by U.S. Permit Freeze – Spotlight appeared first on Natural Gas Intelligence

These days, ESG investments have lost their luster given high interest rates, political backlash, and greenwashing scrutiny. In 2021 during the pandemic boom, U.S. sustainable funds hit a record $358 billion in assets, up from $95 billion in 2017. But …

Bids start as early as February 1, 2024 TORONTO, Feb. 1, 2024 /CNW/ – Enbridge Gas is announcing a binding open season for peak storage services at the Dawn Hub storage facility for service beginning as early as April 1, 2024. Shippers seeking access t…

Restarts of nuclear reactors, high gas inventories, and increased renewables power generation dragged Japan’s LNG imports in January to the lowest level for the month since 2009, vessel-tracking data compiled by Bloomberg showed on Friday.   Last month…

Some wind farm operators in the UK have been overestimating forecasts of the power they would generate, leading to millions of British pounds added to consumer energy bills each year—a behavior slammed by a senior UK energy department official.     Rep…

As the need for abundant and expedient carbon-free energy intensifies and solar and wind power deployment hit some major speedbumps, more and more industry experts are calling for a resurgence of nuclear energy. While nuclear power has been out of vogu…

Management changes announced this week: Andrew Hall is the new CEO of AMC Consultants. C2C Metals named Dough Underhill as chief geologist […]
The post Mining People: C2C Metals, Lithium Ionic, Vizsla Silver, Bayhorse Silver, Westhaven Gold appea…

Thesis Gold (TSXV: TAU; OTCQX: THSGF) has assays from the Thesis II and Thesis III zones at its 100%-owned Ranch gold project. […]
The post Thesis Gold drills 60 metres of 4.53 g/t, including 19 metres of 10.39 g/t at Ranch project appeared first…

A strong second half of 2023 pushed production at Glencore (LSE: GLEN) to the upper end and even above guidance for almost […]
The post Strong second half pushes Glencore to high end of 2023 guidance across the board appeared first on Canadian Mi…

This week’s podcast features Canadian Nuclear Association President and CEO John Gorman in conversation with host Adrian Pocobelli on the fresh optimism by global governments towards […]
The post TNM Podcast: ‘Night and day’ – Canadian Nuclear As…

Oil prices began tanking on Thursday afternoon as news was reported by Al Jazeera that Israel and Hamas had agreed to a ceasefire proposal that could put an end to the geopolitical premium that has buoyed oil in recent months. Al Jazeera deleted the Tw…

In May 2023, not far from the seaside resort town of Tivat on the Montenegrin Adriatic peninsula of Lustica, a conference on new technologies and blockchain was held that attracted little media attention at the time. Some of the country’s most senior o…

Japan has added uranium to its list of critical minerals in a move that seeks to reduce its dependence on foreign sources […]
The post Japan adds uranium to list of critical minerals appeared first on Canadian Mining Journal.

The price of a ton of CO2 in the UK this week fell to a record low, giving rise to concerns about the immediate prospects of investments in alternative energy sources. Per the Financial Times, the price for a so-called carbon permit, equal to one ton o…

What happens when you expose tellurite glass to femtosecond laser light? That’s the question that Gözden Torun at the Galatea Lab, Ecole Polytechnique Fédérale de Lausanne, in a collaboration with Tokyo Tech scientists, aimed to answer in her thesis wo…

Freeport LNG hobbled at least a month on problems related to January deep freeze. [Image credit: Freeport LNG]

CALGARY — The company building the Trans Mountain pipeline expansion is still working to find a solution for its latest unexpected construction challenge in B.C.
Crown corporation Trans Mountain Corp. is currently removing the section of pipe it had …

In the ever-evolving landscape of the Canadian oil and gas industry, one company stands out as a beacon of environmental stewardship and responsible resource management. Prospera Energy Inc., emerging from a transformative 2021 restructuring, has redefined the industry’s conventional mold, showcasing a commitment to innovation, efficiency, and environmental consciousness. Optimizing Production, Minimizing Footprint: Prospera’s core […]

An “exceptional” performance for Shell plc’s Integrated Gas trading unit, in parallel with higher LNG volumes, once again propelled profits in the final three months of 2023, with volumes set to climb higher as an Australian export project restarts, CEO Wael Sawan said. The London-based major reported sharply lower fourth quarter profits year/year, notably lacking…

The post Shell CEO Says Global LNG Demand Underpinned by Energy Security, Thirsty Asian Markets appeared first on Natural Gas Intelligence

Coal and gas power generation fell in 2023 as renewables, nuclear ramped up.

Crude oil prices were set for a weekly decline despite gains made during the course of the week largely because of reports that Israel and Hamas were negotiating a ceasefire. Bloomberg cited unnamed sources as saying negotiations were ongoing and Israe…

India expects to add a large chunk of coal-fired power capacity in 2024, which will be the largest yearly rise in its coal fleet in at least six years. Indian utilities will bring online coal power plants with a combined capacity of 13.9 gigawatts (GW)…

A power outage has prompted the shutdown of the Whiting refinery in Indiana. The facility is operated by BP, which evacuated the facility on Thursday and started flaring gas to avoid more serious problems. Volatile gases are flared during a refinery sh…

The trial of Swedish climate campaigner Greta Thunberg and four others for refusing to end an oil protest outside a London industry summit last year began on Thursday, where the court heard testimony of her refusal to comply with Metropolitan Police or…

Amid rising Red Sea shipping risks due to attacks on vessels from Yemen’s Houthis, Saudi Arabia has increased exports from its northern Red Sea terminal to avoid the danger zone, according to Bloomberg and Reuters.  Oil exports from Saudi Arabia’s Muaj…

Lower domestic coal consumption and higher demand in Asia pushed U.S. exports of thermal coal in 2023 to the highest level since 2018, Reuters reported on Thursday, quoting data from ship-tracking firm Kpler. The United States exported last year more t…

Lower domestic coal consumption and higher demand in Asia pushed U.S. exports of thermal coal in 2023 to the highest level since 2018, Reuters reported on Thursday, quoting data from ship-tracking firm Kpler. The United States exported last year more t…

The U.S. Energy Information Administration (EIA) reported a natural gas withdrawal from storage of 197 Bcf for the week ending Jan. 26, another triple-digit withdrawal and the fourth in a row, which landed at the high end of the wide range of expectations. Ahead of the 10:30 a.m. ET government report, March Nymex futures were…

The post Fourth Consecutive Triple-Digit Storage Pull Falls Within Expectations, Sending Natural Gas Futures Lower  appeared first on Natural Gas Intelligence

Carolina Rush (TSXV:RUSH) has provided new results from its recent drilling program at the Brewer Gold-Copper Project in Chesterfield County, South Carolina. The program, conducted between October 2023 and January 2024, consisted of eight core holes totalling 2,022 meters. Layton Croft, President and CEO, commented in a press release: “Our recent drill program had three […]

The post Carolina Rush (TSXV:RUSH) Provides Update on Brewer Gold-Copper Project Drilling in South Carolina appeared first on MiningFeeds.

Two months after thousands of US auto dealers warned President Biden to reconsider the pace of electric vehicle mandates, citing waning demand for those vehicles, a new report from The Wall Street Journal reveals dealers are pressing one major automake…

As India is looking to reduce its budget deficit, the government doesn’t plan to allocate any funds in the 2024/2025 budget to help some of its biggest state oil refiners meet their net-zero operations targets. In the middle of last year, India’s gover…

As India is looking to reduce its budget deficit, the government doesn’t plan to allocate any funds in the 2024/2025 budget to help some of its biggest state oil refiners meet their net-zero operations targets. In the middle of last year, India’s gover…

As India is looking to reduce its budget deficit, the government doesn’t plan to allocate any funds in the 2024/2025 budget to help some of its biggest state oil refiners meet their net-zero operations targets. In the middle of last year, India’s gover…

OTTAWA — Natural Resources Minister Jonathan Wilkinson says the government will have legislation ready by the spring to fix the constitutional problems the Supreme Court has with the federal Impact Assessment Act.
The Liberals passed the act in 2019 …

Natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM edged down in January by 4.1% to 2.53 billion cubic metres (bcm) from December, but jumped by almost 41% from the same month in 2023, Reuters calculations showed on Thursday.

U.S. officials have been asking China to urge Tehran to rein in Iran-backed Houthis, but according to the Financial Times, American officials say that they have seen no signs of help. Still, Washington keeps raising the issue. In weekend meetings with …

EDMONTON — The Alberta Investment Management Corp. has set up a new $1-billion fund dedicated to investing in the global energy transition and decarbonization sectors.
The investment manager says the money represents new capital and investments made…

Look at what we that found! It’s been buried for 115 years, now we are seeing the inside workings of the vein mined in 1905.       Target Size Drilled to Date:     1700m x 250m x 40m x 2.5TF = 42.5 MM Tonnes Average grade to date:  1.32 gpt Au Target potential contained […]

Subsequent to Razor Energy Corp.’s (“Razor”) recent announcements regarding its filing of a Notice of Intention to Make a Proposal under the provisions of the Bankruptcy and Insolvency Act (Canada), the engagement of FTI Consulting Canada Inc. (“FTI”) …

The U.S. Department of Energy’s (DOE) pause on new export project permits is not expected to impact the bottom lines of LNG equipment manufacturers in the mid-term, but others across the value chain are still assessing the temporary suspension’s potential effects. Following last week’s decision by the Biden administration to pause DOE approval of worldwide…

The post LNG Sector Tallies Permit Pause Impact to Earnings as Contract Holders Raise the Alarm appeared first on Natural Gas Intelligence

Federal Reserve (Fed) policymakers on Wednesday, citing the resilience of the U.S. job market and broader economy, left interest rates at elevated levels. This, in turn, could deter borrowing and new investment at a time when natural gas producers are bracing for long-term growth to meet a surge in global LNG demand. At issue: The…

The post Fed Keeps Borrowing Costs High, Maintaining Wildcard for Natural Gas Infrastructure Development, Prices appeared first on Natural Gas Intelligence

Climate campaigners were charged with public order offenses Police were handed new powers to clamp down on public protests Bloomberg Climate campaigner Greta Thunberg was accused of breaking public protest laws on the first day of a London trial after …

Russian LNG: How much is there? Where does it go? How does it get there? What is Russia’s overall gas dilemma? And what is their future? Natural Gas World and RBAC examine this topic with analysis from RBAC’s CEO, Dr. Robert Brooks.

Natural gas futures inched higher early Thursday as traders prepared to digest the latest government inventory data, expected to show another strong January withdrawal.  The March Nymex contract was up 1.2 cents to $2.112/MMBtu at around 8:41 a.m. ET. April was up 0.6 cents to $2.127. In the follow-up to last week’s record-challenging 326 Bcf…

The post Futures Slightly Higher as Natural Gas Traders Await Triple-Digit Storage Print appeared first on Natural Gas Intelligence

Shares in Canada’s Patriot Battery Metals (ASX: PMT; TSX: PMET) were falling 5% on its debut in the major leagues of the […]
The post Patriot Battery Metals falls on Toronto debut appeared first on Canadian Mining Journal.

Summary OPEC+ JMMC panel meeting keeps 2.2 mln bpd cuts Brent crude trades above $81, Middle East tensions support Next JMMC meeting to be held on April 3 (Reuters) – OPEC+ will decide in March whether or not to extend voluntary oil production cu…

Summary OPEC+ meeting keeps 2.2 mln bpd cuts -sources China reveals support measures after Evergrande liquidation Energy market remains ‘on edge’ over Middle East -analyst LONDON, Feb 1 (Reuters) – Oil prices edged higher on Thursday,…

(Reuters) – Woodside  should walk away from its proposed $57 billion merger with Santos  rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value. Fund man…

EDMONTON – The Alberta government says it’s opening talks on water-sharing between large water users as the province’s drought situation worsens. Environment Minister Rebecca Schulz says negotiations between water licence holders in three southern Albe…

CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to announce changes to its executive leadership team (“ELT”) focused on improving execution of the Company’s strategic object…

CALGARY, AB, Jan. 31, 2024 /CNW/ – Today, the Commission of the Canada Energy Regulator issued its reasons for approving Trans Mountain’s variance application for the Mountain 3 horizontal directional drill (HDD) crossing, a 2.3-kilometre section betwe…

The Alberta government projects a $5.5 billion budget surplus in 2023/24, fuelled by historically high resource revenue. However, Alberta’s surplus could quickly spiral into a deficit when resource revenue declines. This fiscal risk is the result of a …