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Denmark Drops Nord Stream Blast Probe Without Criminal Case

CDN and International News, Energy Topics & Technology, Latest, Pipelines / By

Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the Nord Stream natural gas pipelines just outside its territorial waters, following a similar decision in neighboring Sweden earlier this month. Danish authorities concluded there was …

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Goldman Sachs Lifts its Brent Summer Peak Forecast to $87 a Barrel

CDN and International News, Conventional Energy, Latest, Oil / By

Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday. “OECD commercial stocks on land have drawn somewhat faster than expected as the redirection of flows away …

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Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim

CDN and International News, Latest, Oil, Tri-Pinned, US News / By

Summary Fed governor sees ‘no rush’ to cut interest rates Gaza ceasefire talks underway in Paris US oil rig count up six in biggest weekly hike since November (Reuters) – Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be …

Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim Read More »

Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim

CDN and International News, Latest, Oil, Tri-Pinned, US News / By

Summary Fed governor sees ‘no rush’ to cut interest rates Gaza ceasefire talks underway in Paris US oil rig count up six in biggest weekly hike since November (Reuters) – Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be …

Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim Read More »

2024 Already Looking Hot: Daily Global Average Surface Air Temperature – ENERGYminute

CDN and International News, Latest / By

Courtesy of Axios Last year crushed global recorded temperature records, but this year has started off hotter. The El Niño event beginning last year continues to have a big impact on global temperatures. One potential source of reprieve: there is now a 77 percent chance of a La Niña event this year, according to Axios, which could help bring down …

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Construction Shifts into High Gear on SMRs – ENERGYminute

CDN and International News, Conventional Energy, Latest, Nuclear / By

Courtesy of Interesting Engineering Not since Michael Scott said Webster’s defined a wedding as “the fusing of two hot metals with a hot torch” has welding been so exciting. What happened: The world of nuclear power is abuzz with excitement as UK-based Sheffield Forgemasters achieves a remarkable milestone: the welding of a full-size nuclear reactor vessel in just under 24 …

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Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …

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Shell’s LNG Trading Makes $2.4 billion in Final 2023 Quarter, Sources Say

CDN and International News, Conventional Energy, Latest, LNG / By

Summary Shell’s LNG trading accounted for third of Shell’s Q4 profit Trading was boosted by East-West arbitrage, CEO said (Reuters) – Nearly a third of Shell’s profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources …

Shell’s LNG Trading Makes $2.4 billion in Final 2023 Quarter, Sources Say Read More »

Canada’s Suncor Looks to Cut High Oil Sands Mine Operating Costs

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

Suncor Energy, Canada’s second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues efforts to fix long-running underperformance. Calgary-based Suncor is trying to improve safety and efficiency after a string of fatalities at oil sands sites in recent …

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Repsol to Return Up to 10 Billion Euros to Shareholders by 2027

CDN and International News, Latest / By

(Reuters) – Spanish oil company Repsol  will hand shareholders up to 10 billion euros ($11 billion) via dividends and buybacks through 2027 as it pushes forward with its pivot to renewable energy and biofuels, it said on Thursday, driving its shares up. The Spanish firm joins other big oil companies offering record returns to shareholders despite a steep …

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