INFOGRAPHIC: Ten Years of Natural Gas Flaring – ENERGYminute

CDN and International News, Latest / By

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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Insisting on US Crude for the SPR Is Misguided

Conventional Energy, Latest, Oil, US News / By

Of all the sources of supply to American refiners, domestic shale output is the least likely to be disrupted. America’s insistence on refilling the Strategic Petroleum Reserve with US crude is misguided. The political pressures on an administration seen as anti-oil to buy domestic supplies are huge. You can bet that President Joe Biden would be accused of …

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Donald Trump Is the Oil and Gas Industry’s Top Choice for President

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

Trump raised millions from oil donors in final months of 2023 Industry says production boom happened despite Biden policies Bloomberg Donald Trump is the oil and gas industry’s undisputed top pick for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki …

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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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Why Texas Is Banning Banks Over Their ESG Policies

Energy Topics & Technology, ESG, Latest, Natural Gas, Oil, US News / By

Bloomberg Texas passed two laws in 2021 that restrict government contracts with companies that take what state officials regard as punitive stances toward the fossil fuels and firearm industries. They’re among the many new laws pushed by Republicans in states across the US to oppose ESG investing and financing, which they’ve made into a culture …

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Enbridge Misses Fourth-Quarter Profit Estimates on Lower Mainline Tolls

Energy Topics & Technology, Latest, Pipelines, US News / By

(Reuters) – Pipeline operator Enbridge  missed fourth-quarter profit estimates on Friday, hurt by lower tolls related to its Mainline crude pipeline system and a decrease in earnings from the company’s gas segment. Enbridge reached a toll agreement for Mainline with oil shippers last year, which was lower than the previous one, after scrapping earlier plans for …

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Oil Heads For Weekly Gain as Middle East Conflict Rages Unabated

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation (Reuters) – Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. …

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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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BP Sees Progress on Restoring Indiana Refinery Operations

Energy Topics & Technology, Latest, Refineries, US News / By

BP Plc is acting to restore its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery to normal operations following a full shutdown because of a Feb. 1 plant-wide power outage, a company spokesperson said on Thursday. “BP is making progress on the work to restore the refinery to normal operations,” company spokesperson Christina Audisho said in an …

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