Oil’s Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada

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

By Robert Tuttle Oil storage containers and pipelines at the Hardisty terminal in Hardisty, Alberta Photographer: Jason Franson/Bloomberg A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. The average price paid to lease oil …

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Trump Says Putin Has ‘Gone Absolutely CRAZY’, Considering More Sanctions on Russia

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. President Donald Trump said Vladimir Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was considering more sanctions on Moscow, but he also scolded Ukrainian President Volodymyr Zelenskiy. “Something has happened to him. He has gone absolutely CRAZY!” Trump said of the Russian president …

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Canada’s New Energy Chief Tim Hodgson Pushes Oil Sands to Build Carbon-Capture Systems

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

An oil sands mining facility near Fort McKay, Alberta. Canada’s new energy minister, Tim Hodgson, prioritizes building carbon-capture systems for the oil sands and increasing crude and natural gas exports. Summary by Bloomberg AI Hodgson emphasizes the need for responsible oil production, infrastructure development, and diversification of energy exports beyond the US, highlighting the Pathways …

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Saudi Aramco Considers Asset Sales to Free Up Funds, Sources Say

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

(Reuters) – Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices. Aramco  is the world’s largest oil-producing company and the main source of Saudi state revenue. The firm will slash dividend payouts by nearly …

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Trump to Sign Nuclear Power Orders Energy Chief Wright Says

Conventional Energy, Latest, Nuclear, US News / By

May 23 (Reuters) – U.S. Energy Secretary Chris Wright said that President Donald Trump will sign executive orders on Friday aimed at boosting nuclear power. Reuters reported on Thursday that Trump would sign orders that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel …

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