Day: April 18, 2024

Following a strong rally amid escalating tensions in the Middle East, oil prices have pulled back sharply in the current week as demand worries outweigh geopolitical concerns. WTI crude for May delivery has declined 5.1% from the Friday close to trade …

Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…

The post Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line appeared first on Natural Gas Intelligence

The director of the FBI has warned that the Chinese state has its sights set on U.S. critical infrastructure to compromise U.S. economic and national security. Speaking at the Vanderbilt Summit on Modern Conflict and Emerging Threats, Christopher Wray …

Coal was more popular than ever in 2023, despite big promises from many world powers to curb production and use in favour of cleaner alternatives. Mainly owing to China and India, the generation of electricity from coal production increased last year, …

UK firms are planning to invest hundreds of billions in an attempt to bubble-wrap supply chains and bring manufacturing closer to home, new research suggests. Investment in re-industrialisation among UK firms is expected to hit $423.5bn over the course…

The Trudeau government set a very high bar for themselves, but we think they managed to pull off the improbable. Budget 2024 may be the worst budget the Trudeau government has ever tabled – and that’s saying something. To save you some pain, we read th…

Via Metal Miner Copper prices continued their breakout during March, rising 4.25%. Prices then formed a second higher high on March 15, followed by a new higher low on March 27. The rally continued throughout April as prices climbed an additional 7.59%…

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

The post Heavy Supply Overhang, Enduring West Texas Price Pressure Weigh Down Natural Gas Forwards appeared first on Natural Gas Intelligence

NO. 1: Feed gas deliveries to U.S. LNG export plants ticked back up on Thursday after recent downturns as maintenance season gets underway. Overall, U.S. feed gas demand was nominated at 10.8 Bcf, up 5% from Wednesday. Nominations for the Freeport liquefied natural gas export terminal in Texas on Thursday were at 276 MMcf, or…

The post Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market  appeared first on Natural Gas Intelligence

ExxonMobil keeps powering ahead in its offshore Guyana program even as a contract dispute and geopolitical tensions cast a shadow over the oil-rich project. The company made a final investment decision for the Whiptail development, its sixth project on the offshore Stabroek block. It has the necessary approvals in place and the offshore platform is…

The post ExxonMobil Greenlights Another Stabroek Project Offshore Guyana appeared first on Natural Gas Intelligence

The Biden administration earlier this month finalized revamped onshore natural gas and oil leasing rules, increasing the royalty rates and, for the first time in 60 years, bumping up the cost for bonding requirements. The Department of Interior’s Fluid Mineral Leases and Leasing Process final rule revised regulations under the purview of the Bureau of…

The post Federal Onshore Natural Gas, Oil Drilling Costs Rising as Interior Updates ‘Outdated’ Rules appeared first on Natural Gas Intelligence

After several hours of silence following Iran’s unprecedented missile-and-drone attack on Israel, Russia issued its first formal reaction: The Foreign Ministry voiced what it said was Moscow’s “extreme concern” over “the latest dangerous escalation in …

Natural gas futures were slightly higher through midday trading Thursday, supported in part by an on-target government inventory report that showed a modestly shrinking surplus. Here’s the latest: May Nymex futures were up 3.9 cents to $1.751/MMBtu as of 2:23 p.m. ET The Energy Information Administration (EIA) reported a 50 Bcf injection into natural gas…

The post Tightening Storage Surplus Lends Support to Natural Gas Futures – MidDay Market Snapshot appeared first on Natural Gas Intelligence

Israel launched missile strikes against Iran in the early morning hours, a U.S. official told ABC News today. The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, ac…

Geothermal energy is at the precipice of a major breakthrough in the United States. As technology rapidly advances, it’s seeming more possible than ever that the once niche energy production method could soon scale up for mass deployment in nearly any …

Management changes announced this week: Alamos Gold hired Ryan Clarke  as GM at the Young-Davidson mine. Atacama Resources International welcomed Thomas Moynihan […]
The post Mining  People: Condor, Alamos Gold, Atacama, Japan Gold, Vizsla S…

West Red Lake Gold Mines  (TSXV: WRLG; OTCQB: WRLGF) says it continues to drill exceptional grades at its 100%-owned Madsen gold mine […]
The post West Red Lake drills 68.4 g/t gold over 1.1 metre at South Austin zone, Madsen mine appeared f…

EMP Metals (CSE: EMPS; OTCQB: EMPPF)has begun commissioning its direct lithium extraction (DLE) pilot plant in Estevan, Sask. This is the first Koch […]
The post EMP Metals throws switch on first Koch DLE pilot plant in Canada appeared first…

This week’s episode features Anthony Milewski, CEO of Nickel 28, in conversation with host Adrian Pocobelli about the latest developments in the […]
The post TNM Podcast: Nickel 28 CEO Anthony Milewski on battery metals, EVs and green nickel appe…

Hypervine, the Scottish cleantech innovator leveraging satellite imagery and data analytics, is set to announce the launch of its unlimited satellite survey […]
The post Hypervine launches unlimited space surveys for mining appeared first on Cana…

Drivers in Eastern Canada are going through sticker shock at the pumps, as prices jumped roughly 10-cents per litre overnight in regions such as Ontario, according to GasBuddy. 
Patrick De Haan, head of petroleum analysis at GasBuddy, says gasoline p…

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / April 18, 2024 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) announces revised first-half 2024 guidance, and has filed…

As the world anxiously awaited the outcome of Iran’s large-scale attack against Israel, some Arab countries had already taken steps to blunt its impact. When the dust from the April 13 attack settled, the vast majority of the hundreds of drones and mis…

Natural gas producers in western Canada are adapting to an ongoing drought that is impacting water availability for production and increasing wildfire risks. [Image credit: Tourmaline Oil]

Global miner BHP (ASX: BHP) (NYSE: BHP) revealed on Thursday that the first phase of its massive potash mine in Saskatchewan, Canada, […]
The post BHP says first stage of Jansen mine almost halfway complete appeared first on Canadian Mining Journ…

In a bid to stabilize gas prices amid the upcoming summer driving season and Presidential election, the Biden administration wants to ensure that the United States remains on a steady economic course. White House economic adviser Lael Brainard emphasiz…

China scooped up record volumes of crude oil imports from Russia in March, adding 790,000 barrels per day to its stockpiles, up from 570,000 bpd in January and February, Reuters’ Clyde Russell reported on Thursday, citing official Chinese import data. …

China scooped up record volumes of crude oil imports from Russia in March, adding 790,000 barrels per day to its stockpiles, up from 570,000 bpd in January and February, Reuters’ Clyde Russell reported on Thursday, citing official Chinese import data. …

CALGARY — A new report says if high interest rates persist, it will be harder and more costly for society to transition to a net-zero economy. 
The report by global consultancy Wood Mackenzie says high interest rates are putting disproportionate pres…

At the start of this week, following Iran’s missile attack on Israel, oil prices inched up. The key word here was “inched”. The attack was a first; it came from the fourth-largest oil producer in OPEC, and it targeted a country notorious for its milita…

China scooped up record volumes of crude oil imports from Russia in March, adding 790,000 barrels per day to its stockpiles, up from 570,000 bpd in January and February, Reuters’ Clyde Russell reported on Thursday, citing official Chinese import data. …

While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of Brazil’s state-owned oil giant, which has ye…

While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of Brazil’s state-owned oil giant, which has ye…

Russian oil refineries experienced decreased production, contributing to the country’s ongoing export decline in the first quarter of this year, Russia’s central bank said on Thursday. According to a report released by the bank, goods exports dwindled …

Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…

The post May Natural Gas Futures Jump After Storage Print Lands Near Expectations appeared first on Natural Gas Intelligence

Venezuela’s loss of a key U.S. license that allowed it to export oil to markets around the world and secure investment is expected to hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.

Demand for gold is high, with Costco reportedly selling up to $200 million worth of gold bars every month in the United States.Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies…

Solaris Resources (TSX:SLS)(NYSEAmerican:SLSR) and the Shuar communities of Warints and Yawi have recently signed an updated Impact and Benefits Agreement (IBA) for the Warintza Project. This agreement signifies a step forward in the project’s evolution, reflecting its continued growth and advancement. The IBA is a key part of Solaris’ Community Social Relations (CSR) program, recognized […]

The post Solaris Resources (TSX:SLS)(NYSEAmerican:SLSR) Strengthens Ties with Shuar Communities with Updated Impact and Benefits Agreement for Warintza Project appeared first on MiningFeeds.

Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s Energy Ministry. The country is also considering the con…

NEWS RELEASE▼ DOWNLOAD AS PDF (542 kb)  Toronto, Ontario – April 18, 2024 – TRU Precious Metals Corp. (TSXV:TRU) (“TRU” or the “Company”) is pleased to announce its intent to carry out an exploration program this spring and summer at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland. Exploration will assess the critical minerals potential […]

Kimmeridge says it sees no pathway towards a transaction Kimmeridge will instead focus on nominees to SilverBow board Shale driller SilverBow Resources Inc. dropped more than 6% after Kimmeridge Energy Management Co. withdrew a merger offer and said it…

Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada, as companies including Honda Motor Co. and Toyota Motor Corp. consider lucrative new investments. Canada’s federal budget, …

Back in early 2018 when rumours were rife that then-U.S. President Donald Trump was going to unilaterally withdraw his country from the ‘nuclear deal’ with Iran, China moved to position itself to occupy the vacuum that would be left in Iran and Iraq, a…

Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defence to a lawsuit filed at London’s High Court.

Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish. The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message…

The post From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth appeared first on Natural Gas Intelligence

The chances of feed gas being introduced to Venture Global LNG Inc.’s Plaquemines LNG project by the end of the year could be rising as the firm awaits approval to place a portion of its pipeline in service. Venture Global asked FERC to allow it to begin introducing natural gas to the 11.7-mile, 42-inch diameter…

The post Portion of Plaquemines LNG’s 2 Bcf/d Pipeline Project Ready for Service, Venture Global Says appeared first on Natural Gas Intelligence

Summary Prices fall for fourth straight session, down 4% on week OPEC spare capacity could offset Iran sanctions, analyst says EIA: U.S. crude inventories up 2.7 million barrels (Reuters) – Oil prices fell to a three-week low on Thursday, extendi…

Stable natural gas prices were not enough to offset spikes in other energy costs in March, pushing the government’s measure of energy prices higher for the first time in a year. The U.S. Department of Labor said the Consumer Price Index (CPI) increased at a rate of 3.5% in the 12-month period through March. That…

The post March CPI Data Show Energy Inflation Reawakened Despite Depressed Natural Gas Prices appeared first on Natural Gas Intelligence

TC Energy said on Wednesday it does not anticipate any service interruptions from the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday.The company said it was working with regulatory agencies to investigate the in…

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…

Calgary, Alberta–(Newsfile Corp. – April 18, 2024) – CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (the “Company” or “CVW CleanTech”) today announced its operating and financial results for the year ended Decem…

Rare earth miner NioCorp Developments (TSX: NB) plans to start a research project to evaluate the feasibility of recycling rare earth permanent magnets.  […]
The post NioCorp eyes rare earth magnet recycling appeared first on Canadian Mining Jour…

Natural gas futures hovered in positive territory early Thursday as traders assessed a mixed weather outlook against continued lighter production readings while they awaited the latest government inventory data. Following a 2.0-cent loss Wednesday, the May Nymex contract was up 5.0 cents to $1.762/MMBtu at around 8:40 a.m. ET. The federal storage report is slated…

The post With Production Lower, Natural Gas Futures Climb Ahead of EIA Storage Print appeared first on Natural Gas Intelligence

The work towards the farm-out deal with Cooper Energy has been discontinued

April 18, 2024 8:00 AM EDT | Source: Hemisphere Energy Corporation Vancouver, British Columbia–(Newsfile Corp. – April 18, 2024) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “C…

A group of investors in French oil major TotalEnergies is calling for the company to split the roles of CEO and chairman, which they say could speed up its shift away from fossil fuels. [Image: TotalEnergies]

Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030.

The LNG has been sold to PetroChina International Corporation. [Image: Kumul]

Iraqi and U.S. companies signed a series of agreements on Wednesday to capture natural gas traditionally flared from Iraq’s oilfields and use it to produce domestic power while reducing dependence on neighboring Iran for energy.

Calgary, Alberta–(Newsfile Corp. – April 17, 2024) – Tuktu Resources Ltd. (TSXV: TUK) (“Tuktu” or the “Company“) announces a brokered private placement of up to 40,000,000 units of the Company (the “Units“) at a price of $0.05 per Unit (the “Issue Pric…