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CALGARY — A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday. The report, by S&P Global Commodity Insights, was commissioned by the Canadian Association of Petroleum Producers to examine the impact of various …
(Reuters) – European Union countries approved a law on Monday to impose methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to cut leaks of the potent greenhouse gas. Methane is the main component of the natural gas countries burn in power plants and to heat homes. It is also …
EU Approves Law to Hit Gas Imports with Methane Emissions Limit Read More »
(Reuters) – Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news agency said on Sunday, without providing a time frame. “An economic council headed by Iran’s interim president Mohammad Mokhber has approved a plan to raise the country’s oil output from 3.6 million barrels …
Iran Plans to Raise Oil Output to 4 Million Barrels Per Day Read More »
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy. Below are key facts about OPEC+ and its role. WHAT ARE OPEC AND OPEC+? OPEC was founded in 1960 in Baghdad by Iraq, …
What is OPEC+ And How Does it Affect Oil Prices? Read More »
The billionaire said it was difficult for him to answer questions that are ‘of such a significant nature’ Bloomberg News Tesla Inc. chief executive Elon Musk doesn’t want to talk about whether he’s committed to bringing a low-cost electric vehicle to market, or the carmaker’s rough last few months. Elon Musk Visits Troubled Tesla Gigafactory Near Berlin The CEO largely …
Tesla CEO Musk Refuses to Commit to Cheaper Electric Vehicles Read More »
(Reuters) – Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said. The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could …
Saudi Arabia Plans Aramco Share Sale as Soon as June, Sources Say Read More »
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling …
Hess-Chevron Merger Vote Appears Ripe for Narrow Approval Read More »
U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of “prior to June 1”. The company told federal energy regulators in a filing late Tuesday that the small delay was “due to the extended …
U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June Read More »
Projects in the three markets to make up 80% of production Strong policy support, ambitious growth goals to spur supply The US, Europe and China will dominate global supply of low-carbon hydrogen by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to BloombergNEF. By 2030, the three markets will …
US, Europe and China to Dominate Hydrogen Supply, BNEF Says Read More »
by Irina Slav More From Irina Slav Green activists this week filed a lawsuit against TotalEnergies for criminal wrongdoing. The wrongdoing in question appears to be the company’s oil and gas production, which allegedly caused extreme weather, which, also allegedly, led to deaths. Also this week, Democrats in the U.S. Congress called on the Department of Justice to investigate …
A Open Letter to Big Oil – Do What Activists Want…For a Month – Irina Slav Read More »
