Oil probably is headed for the $100 mark soon amid tightening supplies, said Chevron Corp. Chief Executive Officer Mike Wirth. Robust global growth mean the underlying economy can withstand such a price spike, Wirth said during a Bloomberg Television interview on Monday. “We’re certainly moving in that direction,” the leader of the second-largest US oil …
Chevron CEO Sees $100 Oil as Global Supplies Tighten Read More »
WASHINGTON — Shutting down Line 5 would cause Canada “grave harm” and violate its treaty rights, government lawyers argued Monday as the federal government rejoined the legal fray over the controversial cross-border oil and gas pipeline. An amicus brief filed with the U.S. Court of Appeals for the Seventh Circuit marked Ottawa’s first foray into …
Undo Line 5 Shutdown Order, Canadian Government’s Filing Urges U.S. Appeals Court Read More »
Bloomberg Government policy isn’t enough to reduce emissions and accelerate the world’s transition to cleaner energy sources and a market for carbon-emission reductions is needed, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. Clear government policies around the world focusing on reducing emissions are crucial, and the landmark Inflation Reduction Act in the US …
WPC CALGARY UPDATE: Carbon-Cutting Market Needed in Energy Transition, Exxon CEO Says Read More »
By Geoffrey Cann Markets are starting to show interest in commodity products that are produced more responsibly, notably natural gas. The key is to be able to prove it, and that requires some changes. Where’s My Stuff? In 2016, I moved from Brisbane, Australia, to Calgary Alberta, and as is the case with international moves, …
The Rise of Responsibly Sourced Gas – Geoffrey Cann Read More »
U.S. natural gas futures edged up around 1% on Monday as the amount of gas flowing to the country’s liquefied natural gas (LNG) export plants increases after Freeport LNG’s facility in Texas returned to near full service over the past few days. That price increase came despite forecasts for milder weather and lower gas demand …
U.S. natgas prices edge up 1% on rising feedgas to Freeport LNG in Texas Read More »
Gasoline prices have surged to a record high for this time of year in the US, jeopardizing the fight against inflation that’s dogged President Joe Biden.Average regular gasoline now costs $3.866 a gallon, a seasonal record on a trailing-12-months basis, according to data from the American Automobile Association. Prices have risen by 7.8% in just …
Brazil is calling on wealthy nations to pay for the world’s transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries “cannot finance an energy transition in the mold of Europe and the US,” and need assistance from the developed world, Brazil’s Mines …
Brazil Calls on Rich Nations to Pay for Global Energy Transition Read More »
LONGMONT, Colo., Sept. 15, 2023 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced the appointment of veteran executive Mike Lade as senior vice president and chief of staff. Lade is the former president and …
California Governor Gavin Newsom accused oil giants of “lying,” saying a landmark lawsuit his state filed aims to hold them accountable for reaping excessive profits at the expense of the state’s residents and the environment. “The climate crisis is, after all, a fossil fuel crisis,” Newsom said on Sunday at the opening ceremony of New York City’s …
(Reuters) – The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said. The document, obtained by Reuters, will be the basis of discussions on …
EU may become as hooked on China batteries as it was on Russian energy Read More »
