Thursday, 6 February 2025

Spotlight: Natural Gas

AnalysisCarbon ManagementClimateEmissionsEnvironmentNatural GasRegulationsResiliency

Methane is pitched as a climate villain – could changing how we think about it make it a saviour?

Methane, 80 times more potent than CO2, can be key to rapid gains, and cutting emissions could help meet climate targets.

FILE PHOTO: President and CEO of Cenovus Energy Alex Pourbaix speaks at the TD Securities Calgary Energy Conference in Calgary, Alberta, Canada, July 9, 2019.  REUTERS/Todd Korol/File Photo
BusinessCarbon ManagementEmissionsNatural GasNewsOilRegulations

US-based Cenovus refinery to pay penalty for violating emissions rules

Cenovus Energy’s Ohio refinery to pay $19M and invest $150M after violating U.S. emissions rules, per authorities.

FILE PHOTO: The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson/File Photo
BusinessEconomyElectricityNatural GasNewsOilPoliticsRegulationsTransmission

Texas approves plan to boost oil and gas drillers’ power grid access

Texas has approved a $15B plan to expand power grid infrastructure in the Permian Basin, vital for rising oilfield energy demands.

Chief Executive Officer of EQT Corporation Toby Rice speaks during Shale Insight 2024 held by the Marcellus Shale Coalition in Erie, Pennsylvania, U.S., September 26, 2024. REUTERS/Hannah Beier
ElectionsNatural GasPoliticsRegulations

Pennsylvania natural gas producers press Harris for answers

Pennsylvania drillers urge Kamala Harris to clarify her stance on natural gas, as election-year energy policies evolve.

FILE PHOTO: A U.S. flag hangs outside the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo
BusinessEconomyFinanceNatural GasNews

Natural gas producer BKV valued at $1.56 billion in NYSE debut

Shares of BKV rose 3.1% in their NYSE debut on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion.

lifornia Gov. Gavin Newsom arrives at a press conference in Los Angeles, Wednesday, Sept. 25, 2024. (AP Photo/Eric Thayer)
BusinessClimateEmissionsEnvironmentLegislationNatural GasNewsOilPoliticsRegulations

California Gov. Newsom signs laws to curb oil and gas pollution near neighborhoods

Governor Newsom signed laws to cut oil pollution, empower local restrictions, and fine low-producing oil wells in California.

Turkish President Tayyip Erdogan meets with Greek Prime Minister Kyriakos Mitsotakis on the sidelines of the "Summit of the Future" at United Nations Headquarters, in New York, U.S., September 24, 2024. Murat Cetinmuhurdar/Turkish Presidential Press Office/Handout via REUTERS
FuelInfrastructureNatural GasNewsPoliticsUnited Nations

Greece and Turkey explore holding talks on maritime zones

Neighbours Greece and Turkey, both NATO allies but historic foes, start talks at demarcating their maritime zones.

A report from a tribunal appointed by the Saskatchewan Party government says a proposed federal emissions cap and methane regulations would cause severe economic damage. Sakatchewan Justice Minister Bronwyn Eyre, speaks during a ceremony in Whitecap Dakota Nation, Saskatchewan on July 15. THE CANADIAN PRESS/Liam Richards
EconomyEmissionsNatural GasNewsOilRegulationsReports

Ottawa’s proposed oil and gas cap could lead to revenue losses of $43 billion, slash 34,000 jobs: report

The report says a proposed federal emissions cap and methane regulations would cause severe economic damage.

Steven Guilbeault, Minister of Environment and Climate Change, delivers remarks in the foyer of the House of Commons on Parliament Hill in Ottawa, on Tuesday, Sept. 24, 2024. THE CANADIAN PRESS/Spencer Colby
EnvironmentNatural GasNewsOilPoliticsRegulations

Canada’s environment minister Guilbeault calls out Poilievre over 2023 fundraiser with oil and gas execs

Minister Guilbeault criticizes Poilievre for fundraising with oil executives, claiming it aids his wealthy allies against carbon pricing.

California Attorney General Rob Bonta announces a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, during a press conference event at Climate Week in New York City, U.S., September 23, 2024. REUTERS/Shannon Stapleton
BusinessCourtsEmissionsEnvironmentHydrogenNatural GasNewsOilPoliticsRegulations

California sues Exxon over global plastic pollution

California has filed a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, its attorney general announced...

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