Day: April 2, 2024

The United States is currently experiencing a post-pandemic boom in foreign direct investment (FDI), thanks in large part to new industrial policies that incentivize U.S. manufacturing investment such as the Inflation Reduction Act (IRA) and the CHIPS …

I normally chronicle the oilfield activity taking place in the shale basins of the U.S., often spending much of my time on companies operating in West Texas and New Mexico. A few counties in this area are the site of the Permian basin and the source of…

Ukraine’s electricity system has been the target of repeated attacks by Russian forces, resulting in blackouts for about a million people. Yet the system is far from total collapse, according to the head of the country’s grid operator. “Their (the Russ…

Natural gas futures rallied again on Tuesday, gaining ground amid near-term weather demand and despite expectations for a festering supply glut through the spring shoulder season. At A Glance: Prompt month adds 2.5 cents Gas production remains lower Heating demand spreads east Following a 7.4-cent rally on Monday and gains late last week, the May…

The post Natural Gas Futures, Cash Prices Extend Rally as Production Cuts Overshadow Supply Overhang appeared first on Natural Gas Intelligence

The big Cambridge-Oxford boat race on the Thames is the posh British equivalent of March Madness. But there was a big problem this year. The Thames is polluted. The oarsmen had to propel themselves in a sea of e. coli. Unlike the citizens of Flint, MI,…

The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted that compliance with the cuts needs to improv…

South Africa could see additional up to 50,000 deaths due to air pollution and billions of U.S. dollars in health costs if a proposal to delay the decommissioning of coal-fired power plants goes through, a Finland-based research center says. South Afri…

Mexico’s natural gas demand will be driven by its power and industrial sectors through 2037, according to a report from Mexico’s energy ministry Sener. The report, Prospectiva de Gas Natural 2023-2037, is a planning instrument to help with “the design of the integral national strategy around natural gas,” Sener said. It would be part of…

The post Mexico’s Sener Sees Natural Gas Demand Growing in Power, Industrial Sectors, but Flat Overall Through 2037 appeared first on Natural Gas Intelligence

Reversing the pause on new export approvals could earn Republican support for Ukraine aid package.

By Ross McKitrick An open letter is circulating online among my economist colleagues aiming to promote sound thinking on carbon taxes. It makes some valid points, and will probably get waved around in the House of Commons before long. But it’s conspicu…

‘The whole project is for the purpose of addressing the energy security issue that many northerners face’ By Cody Ciona Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Aerial view o…

Via Metal Miner The start of this year presented mixed signals for the global economy. Prices witnessed the continuation of a strong rally from late February going into March. This helped create a lot of positivity in the metals market and market in ge…

 Novatek, Russia’s largest producer of liquefied natural gas (LNG), has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers, two sources familiar with the matter told Reuters on Tuesday. The project had been …

Trans Mountain will finish building the final segment of its Canadian oil pipeline expansion in April, according to a construction schedule the corporation filed on Monday with a regulator. The Canadian government-owned C$34-billion ($25.07 billion) pi…

The competition in China’s EV world continues to heat up, as the market becomes more and more saturated.  The country’s automakers are aggressively trying to take advantage of Tesla’s recent price hikes by offering incentives, while at the same time ge…

The U.S. Department of the Interior’s Bureau of Land Management (BLM) has finalized a rule designed to curb methane pollution from oil and natural gas production on federal and Tribal lands, in part by collecting royalty payments on flared gas. The Waste Prevention, Production Subject to Royalties, and Resource Conservation rule, which was proposed in…

The post BLM Finalizes Methane Waste Rule for Federal Onshore Oil, Natural Gas Production appeared first on Natural Gas Intelligence

With bulls aiming to send prices higher for a third straight session, natural gas futures were up modestly through midday trading Tuesday as weaker production volumes and stronger physical prices hinted at tightening market conditions.  Here’s the latest: May Nymex futures at $1.854/MMBtu as of 2:13 p.m. ET, up 1.7 cents The front month dipped…

The post Natural Gas Futures Up Modestly Amid Weaker Supply, Stronger Cash Prices — MidDay Market Snapshot appeared first on Natural Gas Intelligence

China’s top economic planning body has asked major natural gas distributors and local authorities to remove the fixed price caps for households by September, sources familiar with the discussions have told Bloomberg. The move is aimed at supporting Chi…

The US Federal Reserve has blocked an attempt led by the European Central Bank (ECB) to make climate risks a pillar of global rules for banks and require them to report their strategies on meeting climate commitments, sources with knowledge of the matt…

Mandalay Resources has a three-pronged strategy to expand into a mid-tier gold producer, president and CEO Frazer Bourchier says in a new […]
The post JV Video: Mandalay Resources aims for acquisitions appeared first on Canadian Mining Journal.

The air quality in Central Asian states is among the worst in the world, according to corporate study that measured pollution in over 130 countries around the world. The 2023 World Air Quality Report, compiled by Swiss-based IQAir, measured air-borne h…

Electra Battery Materials (NASDAQ: ELBM; TSXV: ELBM) has secured a long-term supply of cobalt for its refinery in Ontario, with the signing […]
The post Electra Battery secures cobalt supply from ERG for Ontario refinery appeared first on Canadia…

Scottie Resources (TSXV: SCOT; OTCQB: SCTSF) has entered into a financing arrangement with Franco-Nevada (TSX: FNV; NYSE: FNV) giving Scottie $9.6 million […]
The post Franco-Nevada backs Scottie with $9.6M royalty, share purchase appeared first …

Green River Gold (CSE: CCR; OTC Pink: CCRRF) is ready to begin placer mining of its Wabi claims in May 2024. The […]
The post Green River Gold to begin placer mining on Wabi claims near Quesnel, BC appeared first on Canadian Mining Journal.

Canada Nickel Company has selected Stantec to provide professional environmental consulting services for the Crawford nickel project, located north of Timmins, Ont. […]
The post Stantec wins environmental consulting contract for Crawford nickel p…

Princeton Plasma Physics Laboratory researchers found the promise of coating the inner surface of the vessel containing a fusion plasma in liquid lithium guides them toward the best practices for fueling their plasmas. The research, which is featured i…

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. At A Glance: Output slides to 97 Bcf/d Forecasts for mixed demand NGI models draw of 41 Bcf Coming off a 4.5-cent gain ahead of Good Friday last…

The post May Natural Gas Futures, Spot Prices Power Up Monday as Production Drops appeared first on Natural Gas Intelligence

Natural gas trade associations and LNG project developers could be forced to rely on the courts or Congress for a swift end to the U.S. Department of Energy’s (DOE) pause on new export authorizations after the agency closed the door on revisiting its decision. At the end of March, DOE issued two denials of requests…

The post DOE Insists LNG Pause Could End Within One Year in Rehearing Denials appeared first on Natural Gas Intelligence

Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground. With the end of March essentially wrapping up the typical winter season, natural gas stores i…

Brent crude ticked up closer to $90 per barrel today after yesterday the American Petroleum Institute reported a larger than expected draw in U.S. inventories and as geopolitical tensions remained intense. The U.S. inventory report of the API showed dr…

Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market.   Last year, the United States overtook Qatar as the world’…

Train 1 to be shut at least until the end of June. [Image credit: Novatek]

Tesla saw its deliveries slump in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition …

Russia’s crude oil exports by sea reached the highest point yet this year in the last week of March, as weather conditions at Russia’s Pacific Port improved. Bloomberg tanker tracking data shows that four-week average seaborne crude exports in the peri…

SLB, the world’s top oilfield services provider, announced on Tuesday a definitive agreement to buy smaller competitor ChampionX Corporation in an all-stock deal valued at $7.75 billion, as the energy sector consolidation extends to the oilfield servic…

SLB, the world’s top oilfield services provider, announced on Tuesday a definitive agreement to buy smaller competitor ChampionX Corporation in an all-stock deal valued at $7.75 billion, as the energy sector consolidation extends to the oilfield servic…

The latest surge in gasoline prices at the pump, something we detailed last week (read: here), could begin to impact the Biden administration’s reelection outlook unless the White House unleashes market interventions to arrest surging prices and preven…

Reactor company Oklo talking to drillers including Diamondback Nuclear power can reduce emissions from producing fossil fuels US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texa…

Carbon tax 101: What today’s increase could cost you and your household Here’s some of your most-pressing questions answered The Canadian Press OTTAWA — The national price on pollution will rise by $15 per tonne today. Here’s some questions answe…

Oil giant starts appeal of Dutch order for emissions cut Bloomberg News “If people can no longer pay for their energy or that energy is no longer reliable when you press the button or want to cook food and turn on the gas stove, the support of people i…

Russia is preparing to welcome Venezuela’s President Nicolas Maduro on an official visit soon, the Kremlin said on Tuesday, as the oil-producing countries Russia and Venezuela continue to maintain close ties in defiance of the Western powers. Maduro’s …

Russia is preparing to welcome Venezuela’s President Nicolas Maduro on an official visit soon, the Kremlin said on Tuesday, as the oil-producing countries Russia and Venezuela continue to maintain close ties in defiance of the Western powers. Maduro’s …

Solaris Resources (TSX: SLS) (OTCQB:SLSSF), on March 1, 2024, entered into a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (FICSH) and the Alliance for Entrepreneurship and Innovation (AEI) of Ecuador. The signing ceremony took place during the Prospectors & Developers Association of Canada (PDAC) convention. What does the agreement mean for the […]

The post Solaris Resources (TSX:SLS) Collaborates with FICSH and AEI to Support Health, Education, and Economic Growth in Ecuador appeared first on MiningFeeds.

A combination of rising geopolitical risk and supply disruptions has pushed oil prices higher, with Brent looking increasingly likely to break the $90 mark.- Energy stocks have started to outperform the wider stock market as Brent is nearing 89 per bar…

Top oilfield services company said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.

(Reuters) – Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukranian attacks on Russian energy facilities and escalating conflict in the Midd…

Computational modeling with The Technology Partnership shows sensor longevity beyond 3 years; 1 year longer than previously announced Implantable Continuous Blood Glucose Monitor technology could transform lives of patients with diabetes Rutherford, NJ & Cambridge, UK, April 02, 2024 — Glucotrack, Inc. (Nasdaq: GCTK) (“Glucotrack” or the “Company”), a medical device company focused on the […]

Natural gas and oil lease sales in the Gulf of Mexico (GOM) should continue, but there’s room for wind development, as well as carbon capture and sequestration (CCS), according to exploration and production (E&P) companies.  Both supporters and opponents of federal leasing in the offshore made their comments on the national leasing program, published late…

The post E&Ps Urge Expanding Gulf of Mexico Oil and Gas Leasing, Continuing Wind Sales appeared first on Natural Gas Intelligence

Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a mee…

  (Reuters) Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followe…

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.   Exports reached 21.5 million tons (Mt) through March 27, up from 20.6 Mt over the same time last year, according to Kpler. The uptick came from the Australia Pacific, Gladstone (GLNG) and…

The post Australian LNG Exports Climb Higher Despite Supply Headwinds appeared first on Natural Gas Intelligence

  Synergistic effect of thermal activation and plasma. Credit: POSTECH Imaging being able to wear your smartphone on your wrist, not as a watch, but literally as a flexible band that surrounds around your arm. How about clothes that charge your gadgets just by wearing them? Recently, a collaborative team led by Professor Jin Kon […]

Natural gas futures fell in early trading Tuesday, giving up a large chunk of the previous day’s gains as daily export demand levels faded in updated estimates. Coming off a 7.4-cent rally on Monday, the May Nymex contract was down 5.0 cents to $1.787/MMBtu as of 8:43 a.m. ET. A combination of colder forecast trends…

The post Natural Gas Futures Give Back Gains Early as LNG Demand Levels Drop appeared first on Natural Gas Intelligence

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mi…

CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce that it has completed its previously announced acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NR…

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040. Th…

  Canada’s First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects from pipelines to power lines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to…

The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ is unlikely to propose any changes to oil production policy when it meets on April 3, numerous sources in the alliance have told Reuters. The JMMC, the panel that takes stock of oil market deve…

In 2023, Adnoc Gas awarded contracts worth $4.9bn to expand its processing capacity.

Canada’s First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital. Here are some of the opportunities and recent deals: UPCOMING: …