Tuesday, 4 February 2025

Focus on Fuel

Eleven clean energy projects, most of which are based in Alberta, have been selected to receive a total of $11 million in federal funding. Energy and Natural Resources Minister Jonathan Wilkinson  rises during Question Period, Monday, June 17, 2024 in Ottawa.  THE CANADIAN PRESS/Adrian Wyld
ClimateHydrogenNewsPolitics

Ottawa announces $11 million in funding for clean energy projects, mostly in Alberta

Of the funding, $8.5 million will be divided between seven Alberta companies doing work in the area of clean hydrogen development.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsFuelLegislationNewsOilPolitics

Venezuelan opposition gets US court boost in dispute over Citgo-backed bonds

The bonds had been issued under President Maduro, but opponents said the National Assembly never approved using Citgo as collateral.

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
BusinessFuelNatural GasNewsOil

China’s Sinopec strikes large oil, gas flow at South China Sea well

China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the...

FILE PHOTO: A farmer sprinkles pesticide on the field as smoke rises from the chimneys of a coal power plant as the demand for coal-based power plants has risen due to the prolonged heatwave spells, in Dadri, India, June 20, 2024. REUTERS/ Priyanshu Singh/File Photo
BusinessCoalFinanceFuelInfrastructureNewsUtilities

India asks utilities to order $33 billion in equipment this year to boost coal power output: sources

India has asked power companies to order equipment worth $33bn this year to fast track capacity additions of coal-fired power

FILE PHOTO: A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.  REUTERS/Kevin Lamarque/File Photo
BusinessFuelNewsOilPoliticsRegulationsTrade

SLB, ChampionX get second request from DoJ for proposed $8 billion deal details

Several oil and gas firm deals have been delayed by second requests from antitrust regulators for additional information.

FILE PHOTO: The front entrance of the Three Mile Island Nuclear power plant is pictured in Dauphin County, Pennsylvania, U.S. May 30, 2017.   REUTERS/Carlo Allegri/File Photo
ElectricityEmissionsEnvironmentInfrastructureNatural GasNewsNuclear PowerPoliticsUtilities

Constellation Energy talking to Pennsylvania on Three Mile Island restart: sources

This plan, driven by rising power demand and the push for carbon-free energy, faces high costs and logistical challenges.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessNewsOil

Several competitive bids in auction of Citgo parent, reports court officer’s rep

The offers in Citgo Petroleum's bidding have proven to be complex, with many combining cash with credits bids.

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNewsOil

Exxon-Hess arbitration panel nears formation: sources

The panel's formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess...

FortisBC says it has become the first utility in North America to automatically designate a portion of their residential customers' natural gas use to RNG, or renewable natural gas. Piping is seen on the top of a receiving platform which will be connected to the Coastal GasLink natural gas pipeline terminus at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, September 28, 2022. THE CANADIAN PRESS/Darryl Dyck
ClimateElectricityFuelIndustryNatural GasNews

FortisBC says all customers now see renewable natural gas on utility bills

SURREY, B.C. — FortisBC says it has become the first utility in North America to automatically designate a portion of its residential customers’...

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014.  REUTERS/Brendan McDermid/File Photo/File Photo
BusinessFinanceFuelNewsOil

Icahn-owned oil refiner CVR bidding in Citgo share auction: sources

CVR is working with investment bankers at Wells Fargo to raise the financing for its bid. The company has the support of Icahn...

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