Shell Considers Slowing Its Carbon Emissions Cuts

Shell will publish an updated plan for emissions on Thursday CEO Sawan is focused on boosting returns for shareholders Shell initiated its plan to become a net-zero company in 2020 under previous CEO Ben van Beurden. Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to …

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Biden Prioritizes Investments in EV Chargers and Hydrogen Fuelling Stations Along Key Freight Corridors

Bloomberg News U.S. officials want to speed the adoption of zero-emission 18-wheelers and other trucks used to haul goods across the country. PHOTO BY USTIN SULLIVAN/GETTY IMAGES The Biden administration is rolling out its plan for deploying electric vehicle charging and hydrogen fuelling infrastructure on the nation’s freight corridors — part of a bid to decarbonize U.S. supply …

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US Natgas Output to Decline in 2024 While Demand Rises to Record High, EIA Says

U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 103.35 bcfd in …

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Strathcona Resources Ltd. reports year end 2023 reserves

CALGARY, AB, March 11, 2024 /CNW/ – Strathcona Resources Ltd. (“Strathcona”) (TSX: SCR) today reported its year end 2023 reserves. Strathcona has posted a shareholder letter on its website which provides additional detail on its 2023 reserves. The tables below summarize Strathcona’s year end 2023 reserves which were prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) and Sproule Associates Limited (“Sproule”). …

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Heavy Oil Differential Narrows Slightly

 The differential of Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed slightly on Tuesday. * WCS for April delivery in Hardisty, Alberta began and ended the trading session at $15.10 per barrel under WTI, according to brokerage CalRock. On Monday, WCS had traded between $15.15 and $15.30 …

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U.S. Trying to Help India Get Lower Prices for Russian Oil, Biden Envoy Says

The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden’s energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia’s leading tanker group Sovcomflot on the two-year anniversary of Moscow’s full scale …

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U.S. Raises Crude Production Growth Forecast for 2024

The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+. U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the …

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