Day: April 17, 2024

Hedge funds and other portfolio managers began to include a higher risk premium in their oil price trades early this month as tensions in the Middle East spiked. Money managers significantly boosted their long positions in crude oil and other major pet…

By Tegan Hill – Fraser Institute The Bank of Canada’s senior deputy governor Carolyn Rogers recently raised the alarm on Canada’s productivity crisis, saying “it’s an emergency—it’s time to break the glass.” But to address Canada’s productivity p…

Renewable energy projects and emerging low-carbon technologies are more exposed to the current high interest rate environment globally, which could slow the pace of transition to clean energy, Wood Mackenzie said in a new report on Thursday. The rising…

Scotland is expected to abandon a key interim target on its road to 2045 net zero as the government is expected to scrap a goal for reducing emissions by 75% by 2030, BBC Scotland News reports. The Scottish government is expected to announce changes to…

Liquefied natural gas (LNG) remains the fuel of choice for lower-carbon shipping, despite the rise in orders for vessels equipped with dual-fuel methanol and ammonia engines, according to Rystad Energy analysis. While question marks remain around just …

Natural gas futures gave back some of Tuesday’s gains Wednesday after TC Energy Corp. said it was able to isolate the impacts of a rupture of its Nova Gas Transmission Ltd. (NGTL) pipeline in Western Canada. At A Glance: NGTL incident is contained Analysts expect moderate injection Production at 98.4 Bcf/d Futures jumped more than…

The post Natural Gas Futures Retreat as TC Energy Limits Effects of Western Canada Pipeline Rupture appeared first on Natural Gas Intelligence

North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu. On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165.  TC…

The post Eyes on West Texas Natural Gas as Negative Prices Persist – Mexico Spotlight appeared first on Natural Gas Intelligence

As the world heats up, several countries experiencing greater wildfires. Last year, Canada battled record blazes and despite getting them under control, several fires continue to rage out of site. The so-called ‘zombie fires’ are hidden beneath layers …

TORONTO — The federal budget tabled on Tuesday introduced $53 billion in new spending, but not everyone got what they were looking for.
Here’s a look at some of the measures not included in the Liberals government’s fiscal plans.
No tax credit for d…

Georgia, Armenia, and Azerbaijan intend to spend millions of dollars in the coming years developing international trade corridors in the South Caucasus. While such investment may boost prosperity, it is likely to exacerbate a pernicious environmental a…

Our Margareta Dovgal on our energy diet, and where our future power will come from.  By Margareta Dovgal British Columbians have a hefty “energy diet”. It starts at home (which might be heated with electricity but far more likely natural gas) and…

Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…

The post Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness appeared first on Natural Gas Intelligence

By Kenneth P. Green In the face of heavy opposition from Canada’s premiers to Prime Minister Trudeau’s carbon tax, one might have hoped that the prime minister would moderate some of his government’s extreme climate policies. But alas, on a recent swin…

China is the world’s biggest hydro power producer, having generated an estimated 1,303 terawatt hours of hydropower in 2022, according to data published by Ember, a UK-based energy think tank. As Statista’s Anna Fleck shows in the chart below, this equ…

Natural gas futures remained lower through midday trading Wednesday as LNG export demand weakness continued to weigh on prices. Physical markets were strengthening somewhat amid modestly cooler weather expected later this week. Here’s the latest: May Nymex futures were off 3.1 cents to $1.701/MMBtu as of 2:01 p.m. ET Pipeline flows to U.S. liquefied natural…

The post Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot appeared first on Natural Gas Intelligence

Via Metal Miner Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a 2.03% rise from March to April. Aluminum prices outperformed all base metals throughout March, with a 4.71% rise from the close of February. Prices continued the…

Benton Resources (TSXV: BEX) continues to drill high grade copper intercepts at the Great Burnt property in Newfoundland. Benton is earning a […]
The post Benton Drills 7.25% copper over 4.5 metres, 18.65% over 1.1 metre at Great Burnt deposit ap…

NetZero Metals, a wholly owned subsidiary of Canada Nickel Company (TSXV: CNC; OTCQX: CNIKF), is advancing engineering work on two processing facilities […]
The post NetZero Metals awards contracts, advances studies on two processing facilities a…

O3 Mining (TSXV: OIII; OTCQX: OIIIF) has received partial assays – including a bonanza 119.1 g/t gold over 2.5 metres – from […]
The post O3 Mining reports bonanza grade – 119+ g/t gold – at Malartic H area appeared first on Canadian Mining Journ…

On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining.
The post Codelco to benefit from entry into lithium business, says Moody’s appeared first on Canadian Mining Journal.

Western Copper and Gold (TSX: WRN; NYSE: WRN) is making a $40-million upsized bought deal offer that will be spent at its […]
The post Western Copper and Gold raising $40 million for Casino in Yukon appeared first on Canadian Mining Journal.

Gekko Systems has launched its robust cutting-edge integrated data ground system (IDGS), changing the way gold leaching circuits are monitored and controlled. […]
The post Automate gold leaching with Gekko’s integrated data ground system for CIL …

It is fair to say that the European Union’s sanctions regime against Russia has had a bit of a wobble in recent weeks, particularly with regard to the list of entities and people that the bloc has imposed asset freezes and visa bans on since the full-s…

A regulatory milestone has been achieved by Patriot Battery Metals (TSX: PMET; ASX: PMT; OTCQX: PMETF) that will see the company advance […]
The post Patriot Battery achieves regulatory milestone for Corvette project permitting appeared first on …

Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown. The daily average over the period stood at 1.56 million barrels, almost all of which was sent…

CALGARY — A wildfire in west-central Alberta that was sparked by a natural gas pipeline rupture Tuesday is under control.
Caroline Charbonneau, area information co-ordinator with Alberta Forestry and Parks, says there is very little active fire activi…

Crude oil prices remained under pressure today despite the news that the U.S. will reimpose oil sanctions on Venezuela after a six-month pause. Countering this development, the EIA on Wednesday reported another weekly build in crude oil inventories tha…

While the whole world is watching the Arabian/Persian Gulf arena at present, amid lingering fears of an imminent Israeli attack on Iran, a new crisis could be unfolding. According to statements from the Iranian news site Tasnim, which is semi-governmen…

Natural gas futures jumped higher Tuesday afternoon after reports of a pipeline incident in Alberta broke up an otherwise quiet shoulder season day of trading. At A Glance: TC Energy responds to NGTL incident Production at 97.4 Bcf/d National Avg. back above $1 The May Nymex contract rose 4.1 cents day/day to settle at $1.732/MMBtu.…

The post Alberta Pipeline Incident Sends Natural Gas Futures Higher appeared first on Natural Gas Intelligence

U.S. natural gas trade groups this week unveiled a study to demonstrate that American LNG is mostly better for the environment than competing fossil fuels in overseas markets as they continue to push back against the Biden administration’s pause on export project authorizations. “American natural gas is not only critical to our economy, but it…

The post Industry Rails Against Biden LNG Pause With Research on Environmental Advantages appeared first on Natural Gas Intelligence

The net-zero carbon hydrogen industry is moving forward from pilot-scale projects of 10-20 MW of electrolysis capacity to large-scale projects of 100-200 MW and larger. While the discrepancy between the number of announced projects and those reaching f…

Kinder Morgan expects demand for natural gas to increase palpably over the next six years the company said at the release of its first-quarter financial results. In it, the company reported a 10% increase in its earnings per share, even though these ca…

The Biden administration is potentially gearing up to reimpose oil sanctions on Venezuela, as President Nicolas Maduro violates the conditions of the existing temporary sanctions relief in his attempt to quash the opposition ahead of this year’s electi…

Unnamed Reuters sources said on Wednesday that the European Commission is preparing to sue Germany over its fees for purchasing gas from German storage in contravention of the European Union’s single market rules.  In a matter of days, the European Com…

Crude oil prices moved lower today after the Energy Information Administration reported an inventory increase of 2.7 million barrels for the week to April 12. This compared with a significant build of 5.8 million barrels for the previous week and an es…

Activist investor Engine Capital on Wednesday backed largest shareholder Simpson Oil’s call to put Canadian fuel distributor Parkland Corp on the block as part of a strategic review, saying a sale would result in more value.Simpson Oil, which holds a 1…

India’s crude oil imports remained flat in the fiscal year 2023/2024 ended March 31, but the import bill of the world’s third-largest oil importer fell by almost 16% due to lower oil prices and record-high imports of cheaper Russian crude.   Indian cru…

Abu Dhabi’s TAQA is in discussions with the three largest shareholders of Spanish energy firm Naturgy, it said on Wednesday, with a view to a possible full takeover bid for the company.

Europe’s new car sales fell in March for the first time this year, dragged down by a decline in electric vehicle (EV) registrations and the timing of the Easter holidays, the European Automobile Manufacturers’ Association, ACEA, said on Thursday.    Al…

Onyx Gold (TSXV:ONYX) recently released gold results from the first six drill holes of its ongoing 3,000-meter Spring Drill Program at the Munro-Croesus Project in Timmins Gold Camp, Ontario. This program focuses on the newly discovered GM Vein, which is situated 350 meters away from the historic Croesus Gold Mine, known for some of the […]

The post Onyx Gold (TSXV:ONYX) Announces High-Grade Gold Results from First Six Drills at Munro-Croesus Project at GM Vein appeared first on MiningFeeds.

CALGARY — An activist investor has sent a letter to the board of directors at Parkland Corp. backing a call from the company’s largest shareholder for a strategic review at the fuel retailer. 
U.S.-based Engine Capital LP says it supports a request by…

Following a rally in energy stocks this year, hedge funds have been selling off U.S. oil company shares to pile into crude oil options, expecting a price rally in oil if the Middle East conflict escalates and a short-term pullback in energy shares, acc…

South Africa’s PetroSA expects the first flows of gas into the country from a deal with Mozambique’s national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage.

(Reuters) – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attentio…

Flows of natural gas to Freeport LNG have remained at a trickle for a week, fueling market concern that possibly all three trains at the facility could be offline after a reported issue with Train 3 last week. Nominations for natural gas to the liquefied natural gas facility had been reduced to about one-fourth of…

The post Freeport LNG’s Extended Drop in Feed Gas Adds Pressure to U.S. Natural Gas Demand appeared first on Natural Gas Intelligence

Activist investor Kimmeridge Energy Management Co. LLC has withdrawn its proposal to merge its natural gas-focused subsidiary with Eagle Ford Shale producer SilverBow Resources Inc.  The New York-based investment firm, which holds a 12.9% stake in SilverBow, in March proposed a tie-up between Kimmeridge Texas Gas LLC (KTG) and the Eagle Ford producer along with…

The post Kimmeridge Looks to Add to SilverBow’s Board After Pulling Merger Offer appeared first on Natural Gas Intelligence

Natural gas futures declined in early trading Wednesday, giving back the gains recorded after an incident on the Nova Gas Transmission Ltd. (NGTL) in Alberta rattled markets and briefly sent prices soaring. The May Nymex contract was down 5.5 cents to $1.677/MMBtu at around 8:40 a.m. ET. Operator TC Energy Corp. on Tuesday said it…

The post Natural Gas Futures Return Gains as TC Energy Isolates NGTL Rupture in Western Canada appeared first on Natural Gas Intelligence

The world’s crude oil production fell by 1.2 million barrels per day (bpd) in February compared to the same month last year as steep output declines in Saudi Arabia and Iraq were partially offset by a large annual production gain in the United States, …

Summary Fed’s Powell: need higher interest rates for longer U.S. stocks seen up 1.4 million barrels – poll Market unwinding war premium, says analyst (Reuters) – Oil prices slipped for a third straight session on Wednesday as likely h…

CALGARY, AB, April 17, 2024 /CNW/ – The Canada Energy Regulator (CER) is responding to an incident involving TC Energy’s NOVA Gas Transmission Ltd. Grande Prairie Mainline near Edson, Alberta. The affected section of the pipeline is currently shut in. …

A section of TC Energy’s gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said.

In November, Woodside-led Sunrise joint venture was granted approval by the Timor-Leste government to undertake the study.

The supply will begin next year.

Last month, the cost of Japanese LNG imports dropped 9.5% year/year.

There are no easy solutions in energy, only trade-offs. And so, as we continue to move towards clean energy, we must be realistic.

Natural gas prices in the top U.S. shale field hit their lowest level in 15 months this week and continued to trade in negative territory as a supply overhang shows no sign of quickly abating.

Texas’ environmental regulator has fined liquefied natural gas (LNG) exporter Freeport LNG $152,173 for violating state air pollution emissions rules for periods between 2019 and 2021, the company reported on Tuesday. [Image: Freeport LNG]

The Dutch Senate on Tuesday approved a law to permanently close the Groningen gas field, following the government’s promise that production will never be resumed to limit seismic risks in the region.

The LNG export volumes were up, however.

Annual maintenance on Canada’s oil sands plants is forecast to cause no more disruption than usual this year, but trade union officials are warning of a labor crunch during Alberta’s 2025 turnaround season as construction takes off on two new industria…