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CALGARY — A wildfire burning out of control in northern Alberta on Thursday prompted Suncor Energy Inc. to withdraw all non-essential workers from its Firebag oilsands site. The company, Canada’s second-largest oilsands producer by volume, confirmed T…
East coast markets face challenge, independent inquiry says Report calls for increase in domestic production and supplies Australia, one of the world’s largest liquefied natural gas shippers, faces a shortage within a little more than two years, according to an independent inquiry, which urged a boost to production to meet the challenge of rising demand. …
Australia Runs the Risk of Gas Shortfall by 2027, Watchdog Says Read More »
Company has received multiple takeover offers in recent years It has operations in Australia, Papua New Guinea, Alaska Saudi Aramco and Abu Dhabi National Oil Co. have been separately studying potential bids for Santos Ltd., people with knowledge of the matter said, becoming the latest companies to show an interest in the Australian producer’s liquefied natural gas assets. The …
Aramco and Adnoc Are Considering Bids for Gas Producer Santos Read More »
Summary Industrial, commercial solar installations up 81% in early 2024 Energy savings and future price stability are key incentives Large rooftop solar subsidies tender bids up 107% y/y (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming …
German Industry Turns to Solar in Race to Cut Energy Costs Read More »
Venezuelan President Nicolas Maduro said on Monday that he has accepted a proposal to restart direct talks with the United States. “After thinking about it, I have accepted and next Wednesday the talks will restart with the United States government to comply with the agreements signed in Qatar and to reestablish the terms of the …
Venezuela’s Maduro Accepts Proposal to Restart Direct U.S. Talks Read More »
Saudi Aramco has awarded construction contracts worth $25 billion for the development of its Jafurah gas project, as it looks to boost production of the fuel considered a key part of plans to reduce plant-warming emissions. The contracts awarded include $12.4 billion for increasing gas output at Jafurah, plus $8.8 billion for expanding the so-called master gas system, …
Saudi Aramco Awards $25 Billion in Contracts For Gas Expansion Read More »
(Reuters) – China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday. This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” …
China Sets Up New State Body to Drill Deep for Oil and Gas Reserves Read More »
(Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. Loadings from the pipeline expansion are closely watched because the Canadian government wants to sell the $24.84 billion …
Canada’s Trans Mountain Oil Pipeline Just Shy of Target for First-Month Loadings Read More »
Denmark’s largest commercial pension fund just offloaded its US$170 million stake in Shell Plc Bloomberg News There’s a growing list of institutional investors in Europe who are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of ending up with stranded assets and financial losses. The latest to do …
Growing Number of European Money Managers are Axing Oil Stocks Read More »
Adnoc is attempting to clinch $12.5 billion Covestro takeover Gulf buyers have faced challenges on large international deals For years, Abu Dhabi’s main oil producer was known as a sleepy state company content to churn out crude from its vast oil fields. But that stodgy reputation is getting a dramatic makeover as it uses a …
Gulf Oil Giant Adnoc With $150 Billion Turns Into Top Dealmaker Read More »
