Day: April 15, 2024

You don’t know me, but I am an oilpatch wife. I’m one of many in the province of Alberta. We hold the fort while our husbands are away working to support their families. As a co-owner of a service company and a farmer, I am a stakeholder on several fro…

Producers who don’t pay their invoices on time are hurting businesses like yours. They profit from the lack of communication between service companies while you are left struggling to cover day-to-day expenses. Just as reporting physical hazards on loc…

Last year, the U.S. made major lithium breakthroughs with the potential to make the country self-sufficient in the critical battery metal for decades. In September, a group of scientists funded by Lithium Americas Corporation (NYSE:LAC) reported that t…

A decade ago, master limited partnerships (MLPs), were a favored investment class for income investors. They have unique tax advantages that resulted in significant advantages over other income equities. In a nutshell, MLPs aren’t taxed at the corporat…

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models 55 Bcf injection The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash prices…

The post May Natural Gas Futures Sputter as Benign Weather Intersects with Stout Supply appeared first on Natural Gas Intelligence

Canada has spent a lot of time and money building itself up to be one of the biggest global producers of hydropower electricity. The country is second only to China in hydroelectricity production, and has planned to vastly expand its infrastructure to …

Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billio…

Natural gas pipeline exports from the United States to Mexico via West Texas rose 20% year/year to average 1.6 Bcf/d in 2023, according to the latest data from the U.S. Energy Information Administration (EIA). Gas flows from West Texas to Mexico “have grown steadily since 2017 as more connecting pipelines in Central and Southwest Mexico…

The post West Texas Natural Gas Exports to Mexico Surged in 2023 as U.S. Cemented Role as Top Global Supplier appeared first on Natural Gas Intelligence

There were two pieces of recent news which highlight why what was once most often referred to as global warming is now called climate change. Yes, the globe is heating up. But effects vary depending on where you live for various reasons. First, a repor…

The Pennsylvania Department of Environmental Protection (DEP) has fined Equitrans Midstream Corp. $1.1 million for a storage well that leaked 1 Bcf of natural gas into the atmosphere for more than 10 days in November 2022.  In all, 223 tons of carbon dioxide, 27,040 tons of methane and 106 tons of volatile organic compounds (VOC)…

The post Equitrans Agrees to $1.1M Fine for Major 2022 Natural Gas Storage Well Leak in Pennsylvania appeared first on Natural Gas Intelligence

U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April.  T…

By Geoffrey Cann Managers in oil and gas rely on various rules of thumb to accelerate decision making, but at times these biases get in the way of making better decisions. Biases that were at one time helpful are now a kind of risk. Killer Biases in Oi…

Global natural gas prices were stable Monday despite Iran’s unprecedented attack on Israel as the market assessed whether a broader conflict could break out in the Middle East.  The May Title Transfer Facility contract in Europe climbed 1% to finish near $9.70/MMBtu, adding to the strongest gains last week since October amid rising geopolitical tensions.…

The post Risk of Broader Middle East Conflict Keeps Global Natural Gas Market on Edge – LNG Recap appeared first on Natural Gas Intelligence

Global warming is causing temperatures to rise at a faster pace in Central Asia than in other parts of the world. Yet a report issued by a watchdog group shows that Central Asian states are compounding their environmental challenges by doubling down on…

Natural gas markets felt the pressure of soft shoulder season fundamentals through midday trading Monday. Pleasant April weather, sagging export volumes and the continued inversion of the West Texas spot market contributed to a bearish outlook. Here’s the latest: May Nymex futures down 9.0 cents to $1.680/MMBtu as of 2:17 p.m. ET Flows to U.S.…

The post Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot appeared first on Natural Gas Intelligence

Russia exported the highest level of oil from its ports in 11 months in the week to April 14, as export terminals likely shipped more crude that couldn’t be processed at refineries knocked offline by Ukrainian drone attacks, tanker-tracking data monito…

WHEN Apr 18, 2024, 4:30 PM – 5:30 PM WHERE Calgary Petroleum Club – McMurray Room, 319 5th Ave SW Calgary, AB ABOUT After our monthly Technical Session with Ron Bettin and Raine Devlin who will be speaking on “Turnarounds & Shutdowns&#8…

Shares of Tesla Motors are muted in the early premarket trading hours in New York after a report from the EV blog Electrek cited an “internal company-wide email” detailing layoffs at the EV company amounting to more than 10% of its global workforce.  E…

A new collaboration between researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo, SNOLAB near Sudbury, Ont., and […]
The post SNOWLAB transitions to quantum computing appeared first on Canadian Mining Journal.

Bonterra Resources (TSXV: BTR; OTCQX: BONXF) reports encouraging initial drilling results from the Phoenix JV gold property. Osisko Mining (TSX: OSK) is […]
The post First drill results from Phoenix JV are encouraging for partners Bonterra and Os…

Australian explorer Aston Minerals (ASX: ASO) has updated the JORC compliant indicated tonnage estimate at the Boomerang nickel-cobalt sulphide system by 44%. […]
The post Aston ups nickel resource estimate by 44% at Boomerang  in Ontario appeare…

Automation in the mining industry has tremendous potential to control costs and create a safe workplace. But as Sam Wood, head of […]
The post Navtech Radar’s place in mining automation not ‘one size fits all’ appeared first on Canadian Mining Jo…

German oil and gas production fell again in 2023 compared to 2022, industry association BVEG said on Tuesday, calling for increased domestic production to reduce dependence on more emissions-generating LNG imports. Last year, Germany’s oil production d…

Iran’s attack on Israel on the night of April 13-14, 2024, showed how well the two countries understand each other and recognize that they are not each other’s main threats. They do have a lingering conflict, but misleading Western media rhetoric that …

Leading diplomats and politicians across the globe, fearing another major escalation of fighting in the Middle East, urged restraint as the world waited for Israel’s response after it endured an unprecedented air attack by Iran over the weekend. Tehran…

EQT Corp., the nation’s largest natural gas producer, is swapping some Pennsylvania holdings in the Marcellus Shale in an exchange with Norway’s Equinor ASA, which is handing off its operations in Ohio and paying $500 million to balance the overall transaction. The agreement with Equinor USA Onshore Properties Inc. and affiliates includes 100% of its…

The post EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position appeared first on Natural Gas Intelligence

Crude already trading higher ahead of Iran attack on Israel

China’s first-quarter economic growth data is out and it’s an expectation beater. The country’s GDP grew at a rate of 5.3% during the first three months, versus Reuters economist poll expectations of 4.6%. Oil prices rose following the release of the r…

U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April.  T…

The Biden Administration is unlikely to attempt to dramatically curtail Iranian oil exports after Iran’s attack on Israel, due to concerns about higher oil and gasoline prices in an election year and an unwillingness to further harm U.S.-China relation…

The company considers selling its Brazilian nickel mine amidst low prices and supply surplus from Indonesia.
The post Horizonte Minerals fails to secure financing for nickel mine, shares plunge appeared first on Canadian Mining Journal.

While major European banks are competing to announce new policies limiting funding to oil and gas projects, smaller regional U.S. banks have boosted significantly their lending to oil and gas firms over the past two years. Regional banks BOK Financial,…

U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April.  T…

Kazakhstan exceeded its oil production quota under the OPEC+ deal by 131,000 barrels per day (bpd) in March, due to the weather and heating season requirements, the country’s Energy Ministry said on Sunday, pledging that the non-OPEC producer will look…

Kazakhstan exceeded its oil production quota under the OPEC+ deal by 131,000 barrels per day (bpd) in March, due to the weather and heating season requirements, the country’s Energy Ministry said on Sunday, pledging that the non-OPEC producer will look…

Kazakhstan exceeded its oil production quota under the OPEC+ deal by 131,000 barrels per day (bpd) in March, due to the weather and heating season requirements, the country’s Energy Ministry said on Sunday, pledging that the non-OPEC producer will look…

Bank of America (BofA) analysts are bringing attention to a shift in the copper market. According to them, copper prices are set to rise substantially by 2026. The expected increase is due to the metal’s decoupling from traditional market cycles, driven by the global energy transition and technological advancements. This phenomenon should see copper stop […]

The post Bank of America Predicts and Confirms Copper Shortage with Rising Demand for Green Tech appeared first on MiningFeeds.

The energy industry has so far this year been the second-best performer on the U.S. stock market, right after communications. Oil and gas stocks are up by 17% since January—and investors are still buying. It’s business as usual for most, as oil prices …

Transaction complete’s Equinor’s exit from operated assets in the onshore US. [Image credit: Stuart Conway/Equinor]

The cargo will be delivered in May.

Crude oil’s initial reaction to Iran’s drone and missile attacks on Israel was muffled on Monday, with prices of the major contracts barely shifting. There were fears that the barrage of weapons fired at Israel signalled a major escalation of conflict …

DeLa Express LLC is seeking to construct a 2 Bcf/d interstate pipeline to help ease the glut of natural gas trapped in the Permian Basin.  The independent energy infrastructure company, an affiliate of Houston-based Moss Lake Partners LP, in early April asked FERC to begin the prefiling review for a 42-inch diameter, 690-mile pipeline.  The…

The post DeLa Express Joins Rush to Add Permian Natural Gas Takeaway Capacity appeared first on Natural Gas Intelligence

Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed. Ukraine stepped up drone attacks on Russian…

Russia’s Gazprom shipped a second cargo of liquefied natural gas (LNG) from its small-scale Portovaya LNG plant on the Baltic Sea to Spain, LSEG data showed on Monday.

Following the Iranian drone attack against Israel this weekend, the U.S. House of Representatives is set to vote on Monday on several bills toughening sanctions on Iran, including one aimed at reducing Chinese imports of Iranian crude oil. The bills th…

The frontrunner in Mexico’s next presidential elections, Claudia Sheinbaum, will invest billions in new natural gas generation capacity and solar power, Bloomberg has reported, citing a plan presented to local business leaders. The plan also includes u…

OPEC+ has sufficient spare production capacity to control a price rally, but its approach to increasing output will be crucial.Iran’s direct attack on Israel on Saturday evening is viewed certainly as an escalation in the Middle East conflict. Tehran’s…

Federal regulators have authorized partial service to start on a small stretch of the pipeline that would feed natural gas to the Golden Pass LNG export project under construction south of Port Arthur, TX. FERC approved Golden Pass Pipeline LLC’s (GPPL) request to start service on the MP 69 Compressor Station Free Flow Line. The…

The post Golden Pass Pipeline Cleared to Start Partial Service appeared first on Natural Gas Intelligence

OTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal.
The agency says manufacturing sales were up in 13 of the 21 subsectors it tracks as petroleum and coal s…

As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978.  The natural…

The post Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early appeared first on Natural Gas Intelligence

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday.

Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, […]
The post Vale operations in Brazil now 100% renewable energy-powered appeared first on Canadian Mining J…

Oil prices fall after Iran’s attack on Israel Summary Iran says it considers retaliation against Israel to be over Benchmarks had risen in anticipation of Iran’s attack Uncertainty remains over Israeli response (Reuters) – Oil prices …

Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity.

CALGARY — Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary.
The Calgary-based company says such a review does not consider the best interests of the majority of its shareholders….

Australia’s Gold Road Resources (ASX: GOR) confirmed on Monday rumours about its intention to acquire a stake in Canada’s Greenstone Gold Mines, […]
The post Gold Road Resources seeks stake in Greenstone Gold Mines appeared first on Canadian Mini…

Asian spot liquefied natural gas (LNG) prices edged up this week, reaching the highest levels in three months, as they remained supported by steady demand and supply disruption concerns.

In the critical field of oil and gas, ensuring the safety of operations and personnel is paramount. A major refinery faced a significant challenge in monitoring hazardous H2S and combustible gases around vital areas such as vapor recovery units and kno…

When You Choose a Cat Gas Compression Engine, You’re Investing in The Best Equipment for Your Business. From service and monitoring to rebuilds and overhauls, there are a range of options when it comes to maximizing that investment. When your engine is…

Welcome to the Halo Environmental Product Catalogue, your comprehensive guide to innovative solutions for environmental protection and project management excellence. We specialize in a diverse range of services tailored to meet the unique needs of our …