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INFOGRAPHIC: Ten Years of Natural Gas Flaring – ENERGYminute

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By Aaron Foyer Global gas flaring is the process of burning off unwanted natural gas in the atmosphere during oil and gas production. This practice occurs for a variety of reasons, including safety, lack of infrastructure to capture the gas, regulatory practices, or economic factors. Gas flaring has significant environmental and economic implications. Environmental Impact …

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Alberta’s Premier Smith Sees U.S. LNG Export Pause as Opportunity

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

Smith pushes to expand LNG exports during Washington visit Canada’s first LNG export plant scheduled to start in 2025 Bloomberg President Joe Biden’s decision to pause approval of new liquefied natural gas export licenses is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s premier said. “I note, with interest, that …

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Oil Investors are Adrift in Red Sea Rip Currents

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

(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen LONDON, Feb 9 (Reuters Breakingviews) – Geopolitical tensions in the Middle East aren’t registering with the oil market. Two years ago this month, the price of a barrel of Brent crude rocketed 30% to $120 in the …

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Barclays to Adopt Fresh Curbs on Oil and Gas financing

CDN and International News, Latest, Natural Gas, Oil / By

Barclays, Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production. The move, part of its Transition Finance Framework (TFF), published on Friday, follows intense pressure from campaigners over its energy …

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Saudi Arabia to Hire Goldman, Citi, HSBC for Aramco Share Sale – Bloomberg News

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Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary share sale in Saudi Aramco, a deal that would raise about $20 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The state oil company is also in talks with other banks as …

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OPEC+ Oil Cut Decision Is Really No Choice at All

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

With prices dropping during the four months since Hamas attacked Israel, producers will need to stick with current curbs. OPEC+ plans to decide in the coming weeks on extending oil supply cutbacks into the second quarter. But its choice looks like an open-and-shut case. Saudi Arabia and its allies are withholding roughly 2 million barrels of daily …

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NORD STREAM: What’s Known About the Mystery Pipeline Explosions?

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

STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed evidence it had uncovered over to German investigators. Here is what we know so far about the blasts, which destroyed three out of four pipelines, …

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Tractor Jam in the Streets of Europe – ENERGYminute

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Farmers rioting in Paris courtesy of the Associated Press The streets of Paris have been transformed from très chic to ‘tractor chic’ as farmers increasingly challenge European sustainability laws over the past few weeks. What happened: Tractors have been piling up on autobahns as farmers protest in a number of European cities. Spain just joined the protest country list which …

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Sweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany

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

Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says it is watching to see what Germany does STOCKHOLM, Feb 7 (Reuters) – Sweden on Wednesday dropped its investigation into the explosions in …

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Exxon Raises Guyana’s Oil Production to About 645,000 Barrels Per day

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Reuters A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 barrels per day (bpd) in the South American country, up from about 400,000 bpd in late 2023, the U.S. producer said at a press conference on Tuesday. Guyana has emerged as the world’s fastest-growing new oil province …

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