Thursday, 6 February 2025

Spotlight: Natural Gas

Major Drilling Group International Inc. logo is shown in a handout. The company has signed a deal to buy South American specialty drilling contractor Explomin Perforaciones in a deal worth up to US$85 million. THE CANADIAN PRESS/HO
BusinessMiningNatural GasNewsOil

Major Drilling buys South American drilling contractor, boosting rig count

The deal will see Major Drilling will acquire a fleet of 92 well-maintained drills, bringing the total rig count to 701.

News ReleaseEmissionsNatural GasOilPoliticsRegulations

Enserva’s President and CEO, Gurpreet Lail, issued the following statement in response to the Government of Canada’s draft oil and gas sector emission cap regulations

November 4 2004 The government’s proposed emissions cap is a production chokehold in disguise. By imposing these overreaching restrictions, they’re not just capping...

Republican presidential nominee and former U.S. President Donald Trump takes the stage at a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024. REUTERS/Brian Snyder
BusinessClimateElectionsEmissionsNatural GasNewsOilPolitics

Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says

TotalEnergies expects Trump unlikely to exit Paris Agreement or undo IRA if re-elected, per strategy director Hamelle.

Minister of Environment and Climate Change Steven Guilbeault  joins  Minister of Energy and Natural Resources Jonathan Wilkinson and fellow colleagues as they hold a press conference in Ottawa on Monday, Nov. 4, 2024.  Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Guilbeault.  THE CANADIAN PRESS/Sean Kilpatrick
Carbon ManagementEmissionsEnvironmentNatural GasNewsOilRegulations

Canada’s oil, gas companies told to cut emissions by one-third under planned cap

Oil and gas producers in Canada to cut greenhouse gas emissions by one-third in eight years under new draft regulations.

Gas storage at port and LNG vessel
AnalysisEmissionsFuelLiquefied Natural GasNatural GasOpinionPoliticsReportsTrade

Seasonal natural gas and LNG prices are soaring in Europe and Asia. What does this mean for long-term energy security?

This Rystad Energy report provides insights useful for understanding the evolving dynamics of global gas prices and markets.

A delegate takes a selfie during the inaugural session of annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, Monday, Nov. 4, 2024. (AP Photo/Altaf Qadri)
ClimateNatural GasNewsOil

The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election

The UAE opens its oil summit, eyeing production boosts amid volatile prices and geopolitical uncertainty.

FILE PHOTO: Storage tanks are seen at Enbridge’s terminal located outside Manhattan, Illinois, U.S., June 26, 2024. REUTERS/Nicole Jao/File Photo
BusinessNatural GasNewsOil

Enbridge’s Q3 profit more than doubles on acquisition contributions

Enbridge's Q3 profit more than double, driven by U.S. gas acquisitions and strong oil demand, though higher financing costs lead to a slight...

An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo
BusinessChemicalsFuelNatural GasNewsOil

Exxon’s $8.6 billion profit beats as volume offsets price weakness

Exxon's Q3 profit surpasses forecast, aided by Pioneer acquisition-driven shale gains and cost controls, despite a five per cent YoY dip amid weaker...

Despite a historic pledge made at the COP28 climate summit, countries are still planning to expand fossil fuel production (AFP)
AnalysisClimateClimate FinanceCoalElectricityEmissionsNatural GasOilPoliticsSolarWind

‘Waiting in vain’: year on from pledge, world clings to fossil fuels

One year after COP28's fossil fuel pledge, nations push oil and gas expansions, drawing criticism ahead of COP29 climate talks.

The CHS oil refinery is silhouetted against the setting sun Saturday, Sept. 28, 2024, in McPherson, Kan. (AP Photo/Charlie Riedel)
AnalysisClimateEmissionsEnvironmentNatural GasOilRegulations

World may be merely scratching the surface on the scope of climate-changing methane emissions

GHGSat found 20K super-emitters in 2023, showing rising methane emissions from oil, gas, mining, and waste.

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