Thursday, 6 February 2025

Spotlight: Natural Gas

The oil and gas sector, like all industries, is exposed to climate risk from events like fires and extreme weather. Trees line Suncor's oilsands operation near Fort McMurray, Alta. on Friday, Sep. 1, 2023. THE CANADIAN PRESS/AP/Victor R. Caiv
BusinessClimateEnvironmentFuelNatural GasNewsOilResiliencyWeather

Climate-related extreme weather puts oil and gas assets, production at risk

The oil and gas sector, like all industries, is exposed to climate risk from events like fires and extreme weather

Campaigners say remarks by Humza Yousaf and other ministers could have prejudiced the planning process (Jane Barlow/PA)
FuelLegislationNatural GasNewsOilPoliticsRegulations

Campaigners complain over ministers’ handling of plans for new gas power plant

Climate campaigners have complained about Scottish ministers’ handling of plans for a new gas-fuelled power station in Peterhead

FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo
BusinessFinanceFuelNatural GasNewsOil

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

ExxonMobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, according to sources

FILE PHOTO: The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFinanceFuelNatural GasNewsOil

China’s Sinopec reports first-half crude throughput up only 0.1%

China's Sinopec, Asia's largest refiner, on Friday reported first-half crude throughput little changed year on year

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCourtsFuelNatural GasNewsOilPoliticsTrade

Trinidad’s court reaffirms recognition of ConocoPhillips’ claim against Venezuela

The decision allows ConocoPhillips to enforce a $1.33 billion claim against Venezuela, potentially freezing payments for joint gas projects.

FILE PHOTO: General view of a facility of Dutch gas production company NAM in Farmsum, Netherlands August 28, 2018. REUTERS/Piroschka van de Wouw/File Photo
BusinessFinanceFuelLiquefied Natural GasNatural GasNewsOil

Canada’s Tenaz Energy to buy Dutch NAM’s offshore assets for $180 million

Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM to acquire all shares of NAM Offshore B.V. for...

BusinessFinanceFuelLiquefied Natural GasNatural GasNewsOil

Chinese-led consortium pulls out of contract to build Cyprus’ first natural gas import terminal

A Chinese-led consortium on Thursday pulled out of its contract with Cyprus to build the island’s first natural gas import terminal

FILE - Visitors to Point Woronzof Park watch the sun set over Cook Inlet and Mount Susitna, on June 7, 2013, in Anchorage, Alaska. A federal judge on Tuesday, July 16, 2024, has suspended the lone lease stemming from a 2022 oil and gas lease sale in Alaska's Cook Inlet basin after finding problems with the environmental review the sale was based on. (AP Photo/Dan Joling, File)
BiodiversityBusinessClimateCourtsFuelNatural GasNewsOilPolitics

US judge suspends Alaska Cook Inlet lease, pending additional environmental review

JUNEAU, Alaska — An environmental review underpinning a 2022 oil and gas lease sale in Alaska failed to properly analyze the potential impacts...

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo
BusinessElectricityFinanceFuelNatural GasNewsOilTransmission

Pipeline and terminal operator Kinder Morgan reports Q2 miss, remains optimistic on natgas demand

The earnings fell short due to higher costs and CO2 segment weakness, with adjusted profit at 25 cents per share, missing estimates.

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