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A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells in 2023, a $73 million increase from the prior year. A pumpjack draws out oil from a well head near Calgary on Saturday, Sept. 17, 2022. THE CANADIAN PRESS/Jeff McIntosh
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Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report

Alberta oil producers spent $769M on well cleanups in 2023, exceeding provincial requirements as inactive wells dropped by five per cent.

By Amanda Stephenson5 Dec 2024The Canadian Press
Shell and Equinor say they are creating 'the UK North Sea's biggest independent producer' of oil and gas (AFP)
BusinessFuelNatural GasNewsOil

Shell, Norway’s Equinor to form joint UK oil and gas firm

The joint venture "will be the UK North Sea's biggest independent producer."

By AFP5 Dec 2024Agence France-Presse
FILE PHOTO: Chief Executive of oil producer Rosneft Igor Sechin attends a meeting of Russian President Vladimir Putin with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Moscow, Russia June 22, 2023. Sputnik/Sergey Bobylev/Pool via REUTERS/File Photo
EconomyFuelNewsOilPolitics

OPEC+ output cuts turned US into top energy exporter, Rosneft’s Sechin says

"OPEC+ decisions to stabilise the oil market in 2016 and 2020 significantly supported the US shale industry," Sechin said.

By Olesya Astakhova and Yousef Saba5 Dec 2024Reuters
News ReleaseNatural GasNewsOffshore WindOil

Equinor and Shell to create the UK’s largest independent oil and gas company

Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE:...

Issued by Equinor ASADistributed by GlobeNewswire Inc.5 Dec 2024
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
BusinessFuelNewsOil

Oilfield service consolidation to increase under Trump, report says

Deals in the oilfield services sector in the first nine months of 2024 reached $19.7 billion.

By Georgina Mccartney5 Dec 2024Reuters
North Dakota Gov. Doug Burgum, at right, and first lady Kathryn Burgum, at left, exit the House of Representatives in the state Capitol in Bismarck, N.D., on Wednesday, Dec. 4, 2024, after Burgum delivered his last budget address to the Legislature. (AP Photo/Jack Dura)
AnalysisBusinessEconomyIndigenousNatural GasOilPolitics

North Dakota governor charts his path to Interior with a rosy state oil and gas outlook

President-elect Trump taps ND Gov. Burgum as Interior Secretary with a mandate to "Drill baby drill," boosting U.S. energy dominance.

By Jack Dura4 Dec 2024The Associated Press
FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James//File Photo
BiofuelsBusinessEconomyElectricityEmissionsNatural GasNewsOffshore WindOilWind

Shell slows investments in offshore wind, splits power business

Shell scales back new offshore wind investments, splits power division to cut costs, and boosts focus on oil and gas.

By Ron Bousso4 Dec 2024Reuters
FILE PHOTO: Signage at a TotalEnergies gas station in Paris, France, February 6, 2024. REUTERS/Benoit Tessier/File Photo
BusinessEconomyElectricityNatural GasNewsOffshore WindOilSolarStorageTradeWind

TotalEnergies to buy German renewables developer VSB for $1.65 billion

TotalEnergies to buy German renewables firm VSB for €1.57B, boosting its wind, solar, and battery projects in key markets.

By America Hernandez4 Dec 2024Reuters
A view of the sky in the early morning during a national electrical grid collapse, in Havana, Cuba, December 4, 2024. REUTERS/Alexandre Meneghini
ElectricityEnvironmentFuelNewsOil

Millions of people in Cuba without power after grid collapse

Cuba's outdated oil-fired power plants reached a crisis point this year, contributing to multiple blackouts.

By Dave Sherwood and Marc Frank4 Dec 2024Reuters
General view of the ADNOC headquarters is seen in Abu Dhabi, United Arab Emirates, December 23, 2018. Photo taken December 23, 2018. REUTERS/Hamad I Mohammed/File Photo
BusinessEconomyFuelNewsOil

UAE’s Abu Dhabi sets out measures to help business get away from oil

Abu Dhabi launches a new business registry called ADRA to diversify its economy away from oil.

By Reuters4 Dec 2024Reuters

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FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. REUTERS/Shannon Stapleton//File Photo

Trump says US ‘pretty close’ to minerals deal with Ukraine

22 Feb 2025Reuters
FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

EU to pare back sustainability rules for companies, draft shows

22 Feb 2025Reuters
FILE PHOTO: A BMW logo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo

BMW says it will review timing of electric Mini production in UK

22 Feb 2025Reuters
X9 electric vehicles by Chinese EV manufacturer XPeng, waiting to be loaded on a ship headed for Thailand (AFP)

China’s EV maker XPeng eyes doubling global presence by year’s end

22 Feb 2025Agence France-Presse

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FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

8 Jan 2025Reuters
dian oil and gas stocks climbed Monday as the country's energy sector absorbed the news of Prime Minister Justin Trudeau's resignation. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh

Canadian oil stocks climb as industry absorbs news of Trudeau resignation

6 Jan 2025The Canadian Press

Australia needs better ways of storing renewable electricity for later. That’s where ‘flow batteries’ can help

4 Jan 2025The Conversation
Solar car port generating green electricity with cars parked at a parkade at the Telus Science Center in Calgary, Alta., on Oct. 30, 2024. (Ramon Cliff/Alamy via Reuters)

Learn from Canada’s world-leading battery energy storage production for transport

19 Dec 2024Kathari News

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