Day: April 1, 2024

When OPEC and its partners led by Russia first announced additional oil production cuts last year, the market brushed it off. Prices fell. Forecasts for peak oil demand echoed off news publications. OPEC+ persevered, however. It persevered to the point…

Shell Oil Company recently released a revised version of climate-related goals entitled  “Shell Energy Transition Strategy 2024”. This is Shell’s first strategy revision since 2021. The company made several minor revisions to its net carbon intensity t…

Natural gas futures forged ahead to kick off April trading, supported by drops in production readings and near-term weather data that showed a bump in heating demand. Coming off a 4.5-cent gain ahead of Good Friday last week, the May Nymex gas futures contract picked up another 7.4 cents on Monday and settled at $1.837/MMBtu.…

The post Natural Gas Futures Maintain Momentum Amid Bullish Near-Term Fundamentals; Cash Prices Climb appeared first on Natural Gas Intelligence

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

The post Mexico Natural Gas Imports Seen Reaching New Highs as Price Slump Persists appeared first on Natural Gas Intelligence

Capturing Value at Times of Turmoil Requires Preparation By Geoffrey Cann TL;DR The wave of oil and gas merger activity in the US looks poised to continue. High data quality about assets is accretive to value; poor data quality destroys value. Modern s…

For decades, Big Tech has been one of the largest and most innovative proponents of clean energy. Silicon Valley giants have put considerable amounts of money and effort into making their companies greener and supporting renewable energy growth. But in…

U.S. regulators were well within their rights to grant extensions to natural gas projects, a federal appeals court found. FERC’s decision to extend the construction deadlines for projects being undertaken by National Fuel Gas Supply Co. and Cheniere Energy Inc. “were not arbitrary and capricious,” the U.S. Court of Appeals for the DC Circuit ruled…

The post DC Circuit Sides with FERC in Natural Gas Pipeline, LNG Project Extensions appeared first on Natural Gas Intelligence

COCHRANE, Alta. — Horns blared along the Trans-Canada Highway west of Calgary on Monday as a protest against the hike in the federal carbon price slowed traffic to a crawl.
Hundreds of protesters, many waving Canadian and Alberta flags and holding “ax…

“Facts that don’t align with ill-informed prejudice are often infuriating. That doesn’t make them wrong. Someone needs to tell the truth about what it’s going to take to get to a net-zero future,” Emily Mir, a spokeswoman for Exxon, said earlier this m…

We’re pleased to announce that, effective April 1, 2024, NGI’s Daily Gas Price Index has been significantly expanded to bring you far more coverage of the global natural gas market. NGI’s LNG news and data service has merged with our flagship publication. As a subscriber to NGI’s Daily Gas Price Index, you will receive full access to the new and improved product, including the e-newsletter, web and PDF versions. 

The post NGI’s Daily Gas Price Index Service Upgrades: Access More NGI-Trusted News & Data Earlier appeared first on Natural Gas Intelligence

Asia is attracting more LNG cargoes as spot prices remain low and Europe enters the injection season with a plump storage cushion. While Europe’s liquefied natural gas imports dropped 20% to 9.05 million tons (Mt) last month, Asia’s jumped 12% to 24.3 Mt, according to Kpler data. China, Japan and South Korea led the region’s…

The post Asian LNG Imports on the Rise as Restocking Season Gets Underway – LNG Recap appeared first on Natural Gas Intelligence

Ukrainian drones hit the primary refining unit of Russia’s third-largest refinery southeast of Moscow more than 800 miles from the front line, Reuters reported on Tuesday. The Taneco refinery of Russian company Tatneft in Tatarstan, an industrialized r…

A joint venture of U.S. supermajor Chevron has launched its 2024 drilling campaign by drilling the first of 17 planned wells as part of a plan to boost production, the other owner of the joint venture, Venezuela’s state oil firm PDVSA, said in statemen…

Natural gas prices were modestly lower in April bidweek trading as the transition from winter to spring signaled milder weather, weakening demand and an end-of-season natural gas supply swelling to the brim. NGI’s April Bidweek National Avg. fell 19.5 cents month/month to $1.310/MMBtu. That was down from $2.180 a year earlier. Trading for the latest…

The post April Natural Gas Bidweek Prices Trip Lower as Spring Season Deflates Demand appeared first on Natural Gas Intelligence

Via Metal Miner Australia’s iron ore industry faces a major challenge, and if the country does not take corrective course action soon, it risks losing its position as the largest exporter of iron ore. This would have a significant impact on the nation’…

Prompt-month natural gas futures have ping-ponged between support levels after getting an injection of strength from the rolloff of the April contract last week. New York Mercantile Exchange (Nymex) natural gas futures gapped up last Wednesday, creating an immediate support level at $1.647/MMBtu, according to NGI’s Pat Rau, director of Strategy & Research. May futures…

The post Natural Gas Futures Enter Technical ‘No-Man’s Land’   appeared first on Natural Gas Intelligence

The first day of April brought bullish price action to both natural gas futures and physical markets through midday Monday as a notable dip in production volumes appeared to fuel upward momentum. Still, like anything else on April 1, it may be best to approach first-of-the-month production estimates with some skepticism. Here’s the latest: May…

The post Bulls Not Fooling Around as Natural Gas Futures Continue Rally — MidDay Market Snapshot appeared first on Natural Gas Intelligence

Despite stricter enforcement of the U.S. sanctions against Russian oil exports, some tankers loaded with Russia’s Sokol crude grade are near India signaling Indian ports as their destinations, vessel-tracking data compiled by Bloomberg showed on Tuesda…

Many health-conscious people already know that the nutrient value of foods has been dropping since the introduction of industrial agriculture. The causes include loss of nutrient-rich topsoil due to erosion brought on by frequent plowing and therefore …

Zelandez, the leading provider of technology to the lithium brine industry, has made its new borehole formation tester (BFT) available to lithium […]
The post New lithium sampling tool from Zelandez will boost exploration and production at brine …

The newest addition to Exyn’s ecosystem is the Exyn Nexys that offers expanded possibilities for deployments and 3D data capture. The unique […]
The post Nexyn from Exyn unleashes modular robotic autonomy for 3D mapping appeared first on Canadian…

As tensions escalate in proxy zones in the Israel-Hamas conflict, six people have been killed in a Monday bomb strike that completely leveled the Iranian consulate in Damascus, Syria, with Tehran accusing Israel of being behind the strike. According to…

The Côté gold mine has poured its first doré bar as the project advances toward commercial production. The mine, located 125 km […]
The post Iamgold pours first bullion at Côté project in Ontario appeared first on Canadian Mining Journal.

By Canada Powered by Women By most measurements, Canada’s standard of living is on a downward trajectory. From the cost of goods and services like groceries and electricity, to inflation, more Canadians say they’re worried about making ends meet than i…

The recent collapse of the Francis Scott Key Bridge into the Patapsco River on March 26 has caused a temporary halt to all shipping traffic from the Port of Baltimore. A reader recently asked me how this might impact the energy markets. First, the clos…

CALGARY — Pembina Pipeline Corp. says it has closed its previously announced $3.1-billion purchase of Enbridge Inc.’s stakes in the Alliance pipeline and Aux Sable gas processing facility.
The completed transaction sees the Calgary-based Pembina — wh…

North Dakota is close to hitting total oil production of 5 billion barrels, local media has reported, citing the director of the state’s Department of Mineral Resources. According to Lyn Helms, the biggest challenge for the energy industry in the state…

Lower exports from both Iraq and Nigeria, in combination with continuing voluntary supply cuts have resulted in reduced oil production for OPEC in March, according to a Reuters survey published on Monday. Based on the survey data, OPEC output for March…

China will raise the retail prices of gasoline and diesel to reflect recent changes in international crude oil prices, Xinhua reported, citing the National Development and Reform Commission—the country’s central economic planning body. Brent crude has …

The Iranian-backed Houthis will attack Saudi Arabia if it continues to allow U.S. warplanes to use its territory for military strikes against the Yemeni rebel group. Having taken control of the Yemeni capital of Sanaa in 2014, the Houthis are now build…

The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to su…

PetroChina has become the second-largest company in China by market value after it overtook the Industrial and Commercial Bank of China. Bloomberg reported that the oil major’s stock had soared by 42% since the start of the year, bringing its market va…

Western Copper and Gold (TSX:WRN) has announced the commencement of a metallurgical testing program for its wholly-owned Casino Copper-Gold Project. The program, which was prepared by Western’s Technical and Sustainability Committee, consisting of members from Western, Rio Tinto Canada Inc., and Mitsubishi Materials Corporation, will utilize fifteen composite samples obtained from core acquired during the […]

The post Western Copper and Gold (TSX:WRN) Collaborates with Rio Tinto and Mitsubishi on Casino Project Metallurgical Testing appeared first on MiningFeeds.

The United States beat out both Australia and Qatar to become the largest exporter of liquefied natural gas (LNG) in 2023, with an average of 11.9 billion cubic feet per day (Bcf/d) in exports last year, the U.S. Energy Information Administration (EIA)…

Moldova’s domestic gas supplier Energocom said it will supply its consumers with test volumes of U.S.-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday.

Arizona Gold & Silver  Inc.   (TSXV: AZS)  (OTCQB:AZASF) The Company is pleased to announce that due to investor demand, the size of its non-brokered private placement (“Private Placement”)  previously announced on February 22, 2024 has been increased to 5,841,797 units from 3,333,333 Units of the Company (each a “Unit”) at a price of CAD$0.30 with total proceeds […]

Turkey’s main opposition party, the secular Republican People’s Party (CHP), dealt a heavy blow to President Recep Tayyip Erdogan in the local elections this weekend, keeping the mayor’s office in Istanbul and Ankara and winning 15 other mayoral office…

US futures extend their record-breaking meltup following the long weekend (which was to be expected with hedge funds piling into shorts last week, hoping for a reversal), with most European markets still closed and Asian stocks closing lower. As of 7:3…

Turkey’s main opposition party, the secular Republican People’s Party (CHP), dealt a heavy blow to President Recep Tayyip Erdogan in the local elections this weekend, keeping the mayor’s office in Istanbul and Ankara and winning 15 other mayoral office…

CALGARY, AB, April 1, 2024 /PRNewswire/ – Parkland Corporation (“Parkland”) (TSX: PKI) announced today that the Burnaby Refinery (“the refinery”) safely returned to normal operations on March 29, 2024, following an unplanned shutdown originating from e…

Glencore‘s Canadian subsidiary has made an additional investment of $2.1 million in Stillwater Critical Minerals (TSXV: PGE) (OTCQB: PGEZF) and its flagship nickel […]
The post Glencore makes additional investment in Stillwater Critical Min…

CALGARY, AB, April 1, 2024 /PRNewswire/ – Enbridge Inc. (“Enbridge” or “the Company”) (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pip…

Volt Lithium (TSXV: VLT) has cut nearly two-thirds of its lithium production cost as it prepares to start the low-grade Rainbow Lake brine […]
The post Volt Lithium’s cost cuts help Alberta project weather metal price crash appeared first on…

Under the agreed key terms, Conrad Asia Energy and PGN will proceed to formalise a fully termed gas sales agreement.

Natural gas production cuts have stabilized the fuel’s prices by countering weak Lower 48 winter demand, turning the market’s attention to the next big levers for fundamentals: the upcoming summer and added wind and solar capacity. Prompt-month New York Mercantile Exchange futures, trading above the $1.800 level at the start of April, had settled as…

The post Will Summer Temps Move U.S. Natural Gas Demand? Wind, Solar May Have a Word appeared first on Natural Gas Intelligence

Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues. According to the Russian government, a 27.5% stake valued at $1.6 billion is to be sold to Gazprom, increasing its…

The post Gazprom Tightens Grip on Sakhalin 2 LNG Project by Purchasing Shell’s Stake appeared first on Natural Gas Intelligence

Helped by dipping first-of-month production numbers, natural gas futures climbed early Monday, continuing to build on gains from late last week. After rallying 4.5 cents ahead of Good Friday, the May Nymex contract was up another 2.8 cents to $1.791/MMBtu as of around 8:50 a.m. ET. Near-term conditions were creating “market noise” for natural gas…

The post Natural Gas Futures Extend Gains Early Amid ‘Market Noise’; Production Estimates Dip appeared first on Natural Gas Intelligence

CALGARY — Parkland Corp. says its refinery in Burnaby, B.C., returned to normal operations on March 29.
The company says the return comes after an unplanned shutdown on Jan. 12 due to extreme cold weather.
Parkland chief executive Bob Espey says tha…

Monday, April 1, 2024 OTTAWA, ON: The Canadian Taxpayers Federation is criticizing the federal government for hiking carbon and alcohol taxes today along with increasing member of Parliament pay. “Prime Minister Justin Trudeau is making life more expen…

Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.

The mining industry, still considered by many one of the most technology-adverse sectors, has embarked on a journey to revolutionize its operations […]
The post JV Article: Huawei takes smart mines to the next level  appeared first on Canadian Mi…

(Reuters) – Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook. Brent crude was 1…

Rhovan, a Glencore Ferroalloys managed vanadium mining and processing facility located near Brits in the North West province of South Africa, has commenced construction of a 25 MW solar photovoltaic (PV) plant. Once completed, the energy produced by the PV plant will be fed into Rhovan’s network and is expected to supply approximately 30% of […]

Source: Polaris Energy Storage Network, 1 March 2024 Polaris Energy Storage Network learned that on 29 February, MAYMUSE (www.maymuse.com) signed a contract for a vanadium flow battery 100MW/800MWh independent shared energy storage power station project with the Shenze County Government in Shijiazhuang, Hebei, with a total investment of 1.68 billion yuan, which is China’s largest vanadium […]

Access EnergyNow’s Audience of over 240,000 North American Energy Professionals As Your Digital Marketing Partner, EnergyNow Will: CONSISTENTLY market your company on all EnergyNow platforms (websites, emails & social media). SHOWCASE your pr…

In collaboration with Sumitomo Mitsui Banking Corporation, JBIC is co-financing this loan, bringing the total co-financing amount to approximately $560mn.

Where: DoubleTree by Hilton Calgary North, Calgary, AB When: May 29-30, 2024 About: Canadian Institute’s Energy Transition Forum & Expo will bring together key decision makers, innovators and industry experts from the energy and hard-to-abate…

How to Leverage Your Business Data for Managing Vendors in an Ever-Changing World Do you have a clear line of sight on the impact vendors have on your organization? Learn how to leverage critical information held in your financial system to better navi…

How utilizing real-time downhole data can help maximize estimated ultimate recovery As our industry quickly transitions to data-driven operations we hope share about the ways that modern technology such as our real-time downhole monitoring systems can …

In the vast and varied landscapes of Canada, industries face unique challenges when it comes to ensuring the safety of their operations, especially in the realm of flame and gas detection. The extreme conditions characteristic of Canada’s environ…