8 - 2024 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

NEXT WEEK! SAVE 15% With EnergyNow! Book Your Carbon Capture Canada Delegate Pass!

September 4, 2024August 31, 2024 by EnergyNow Media

Don’t miss out on the strategic conference co-hosted by Edmonton Global, focusing on policies, investments, groundbreaking projects in Canada’s CCUS sector, and investments announced recently. Join us in Edmonton, Alberta, from September 10 to 12 for an opportunity to meet distinguished speakers sharing insights, cutting-edge research, and experiences in carbon emission reduction. Engage in panel discussions and … Read more

Indigenous Consultation & Engagement Atlantic 2026

Energy Storage Canada Conference 2026 - ESCCON26

Take the Canadian Gas Tax Quiz – How Many Questions Will You Get Correct?

September 2, 2024August 31, 2024 by EnergyNow Media

Politicians are trying to hide gas taxes from you, but here’s a fun way to find out what’s going on. Politicians know taxpayers would be livid if they knew how much tax they pay at the pump. So they try to keep those taxes hidden. But do you know what’s really going on with gas … Read more

Meeting the Massive Energy Demands of New Technology and Artificial Intelligence – Canada Powered by Women

August 31, 2024August 31, 2024 by EnergyNow Media

By Canada Powered by Women How many times a day do you ask your phone for help? Whether it’s to check the weather, write an email, figure out what’s for dinner, or plan a vacation, many of us are increasingly relying on artificial intelligence (AI) to help us navigate our days. While helpful, what you … Read more

Poll Shows Canadians Want Carbon Tax-on-Tax Scrapped

August 31, 2024August 31, 2024 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation released Leger polling showing 62 per cent of Canadians want the federal government to remove its sales tax from the carbon tax as part of the annual Gas Tax Honesty press conference in the nation’s capital. “The poll results are crystal clear: the vast majority of Canadians want the federal government to … Read more

How Would Trump Seek to Dismantle Biden’s Climate Legacy?

August 31, 2024August 31, 2024 by EnergyNow Media

By Reuters (Reuters) – Donald Trump’s presidential campaign has laid out an energy policy platform centered around maximizing U.S. fuel and power output, in part by dismantling the Biden administration’s centerpiece efforts to fight climate change. In an ironic twist, the United States has become the world’s top producer of oil and gas during Biden’s tenure, and his agencies have … Read more

U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says

August 31, 2024August 31, 2024 by EnergyNow Media

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell … Read more

OPEC+ Likely to Proceed with Planned Output Hike from October

August 31, 2024August 31, 2024 by EnergyNow Media

(Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters. Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day … Read more

Oil Settles $1 down as Supply set to Rise, Uncertainty Around Fed Rate Cuts

August 31, 2024August 31, 2024 by EnergyNow Media

Summary OPEC+ to proceed with planned oil output hike from October U.S. consumer spending data dampens hopes for hefty Fed rate cut Libya’s oilfield closures cause significant production losses (Reuters) – Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty … Read more

Resource Reliant Alberta Government Must Reform Spending to Avoid Deficits

August 31, 2024August 31, 2024 by EnergyNow Media

According to Premier Danielle Smith, the Alberta government is creating a new committee—composed of the premier, Finance Minister Nate Horner, Technology and Innovation Minister Nate Glubish, three treasury board members, and three private members—to review government spending in the province. Smith says the committee will find savings so her government can deliver on the promised personal … Read more

Tidewater Renewables Ltd. announces extension of credit facilities and update on the status of its previously announced proposed transaction with Tidewater Midstream

August 30, 2024 by EnergyNow Media

CALGARY, AB, Aug. 30, 2024 /CNW/ – Tidewater Renewables Ltd. (“Tidewater Renewables” or the “Corporation”) (TSX: LCFS) is pleased to announce that the Corporation, with the support of its debt capital providers, has obtained an interim extension of the maturity of its $175 million first lien senior credit facility, and its $25 million of additional debt capacity under the second lien … Read more

BP Stock Falls Behind Shell as Investors Shy Away From Green Energy

August 30, 2024 by EnergyNow Media

BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP … Read more

Japan Start-up Aims to Launch World’s First Steady-State Fusion Reactor in 2034

August 30, 2024 by EnergyNow Media

nuclear fusion are we there yet – energyminute

(Reuters) – Japanese start-up Helical Fusion aims to launch the world’s first steady-state nuclear fusion reactor in 2034 and to begin commercial operations in the 2040s, its CEO told Reuters. Despite global efforts to harness fusion, the reaction that powers the sun, to produce emissions-free power, 70 years of research have yet to produce a commercially viable … Read more

Ottawa Talks the Talk On Mining, But Can it Walk the Walk?

August 30, 2024August 30, 2024 by EnergyNow Media

Canada’s mining potential is hindered by regulatory delays and missed opportunities, despite vast resources and global industry leadership. By Resource Works More News and Views From Resource Works Here Canada is a world mining superpower, producing some 60 minerals and metals from 200 mines and 6,500 quarries. We are the world’s biggest producer of potash, … Read more

Oil Prices Face Pressure From Slow China Demand and Inventory Rise

August 30, 2024 by EnergyNow Media

Summary Analysts trim 2024 Brent forecast for fourth straight month OPEC cut its forecast for 2024 global oil demand growth Aug 30 (Reuters) – Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia and OPEC+ allies prepare to ease some … Read more

Oil Set for Weekly Gain on Supply Concerns

August 30, 2024 by EnergyNow Media

(Reuters) – Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while data showing the U.S. economy grew faster than initial estimates eased recession fears. Still, signs of weakened demand, particularly in China, limited gains. Brent crude futures for October delivery … Read more

Petrus Resources announces monthly activity update

August 30, 2024August 30, 2024 by EnergyNow Media

CALGARY, Alberta, Aug. 29,2024 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed … Read more

2023 Wildfire Emissions Were Quadruple Canada’s Annual Fossil Fuel Emissions

August 30, 2024August 30, 2024 by The Canadian Press

Planet-warming emissions released by Canada’s record-breaking 2023 wildfires were quadruple the country’s fossil fuel emissions for the previous year, and were surpassed only by the three most high-emitting countries, a new NASA study has found.
The s…

Game On! Conservatives Gain in Tight B.C. Election Race as Rival Party Disintegrates, Energy Issues Come to Forefront

August 30, 2024August 30, 2024 by EnergyNow Media

BC United Party, in power until 2017, suspends campaign Conservatives aim to boost LNG, pipelines in B.C. The political party that governed British Columbia for 16 years at the start of this century has withdrawn from its election after a collapse in its poll numbers. The BC United Party, formerly known as the BC Liberals, will … Read more

Energy & Politics: Poilievre Asks Singh to Pull Support for Liberal Government to Prompt Fall Carbon Tax Election

August 30, 2024August 30, 2024 by EnergyNow Media

‘Pull out of the costly coalition,’ Conservative leader tells NDP leader Conservative Leader Pierre Poilievre has written a letter to his NDP counterpart asking Jagmeet Singh to pull his party’s support for the Liberal government so Canadians can go to the polls this fall instead of next year as planned. “Canadians can’t afford or even … Read more

Asia’s Crude Oil Imports Stage Modest Recovery in August: Russell

August 29, 2024 by EnergyNow Media

(Reuters) – Asia’s imports of crude oil lifted in August from the two-year low in July as top-importing heavyweights China, India, South Korea and Japan brought in more barrels. Total imports for August are expected to be 26.74 million barrels per day (bpd), up from July’s 24.56 million bpd, according to data compiled by LSEG … Read more

Entropy Inc. Appointment of Chief Executive Officer

August 29, 2024 by EnergyNow Media

CALGARY, AB, Aug. 28, 2024 /CNW/ – Entropy Inc. (“Entropy” or the “Corporation”), a subsidiary of Advantage Energy Ltd. (“Advantage”), is pleased to announce the appointment of Mr. Sanjay Bishnoi as Chief Executive Officer. Mr. Bishnoi will start in his new role on September 23, 2024. After founding and leading Entropy since 2020, Mr. Michael Belenkie will step down from Entropy’s President and … Read more

Source Rock Royalties Announces Q2 2024 Results Including Record Royalty Production & Royalty Revenue

August 29, 2024 by EnergyNow Media

CALGARY, AB, Aug. 29, 2024 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces results for the three and six month periods ended June 30, 2024 (“Q2 2024”). Q2 2024 Highlights: Record quarterly royalty production of 251 boe/d (95% oil and NGLs), an increase … Read more

Clearview Resources Ltd. Reports Second Quarter 2024 Results

August 29, 2024 by EnergyNow Media

CALGARY, AB, Aug. 29, 2024 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the three and six months ended June 30, 2024. HIGHLIGHTS Realized a gain of $5.5 million in the three months ended June 30, 2024 as a result of the disposition of underutilized infrastructure at its Northville property for cash consideration of $8.5 million and also received a … Read more

Shares of Parex Resources Drop After Company Cuts Production Forecast

August 29, 2024August 29, 2024 by The Canadian Press

CALGARY — Shares of Parex Resources Inc. were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity.
The company, which has op…

TC Energy announces South Bow’s closing of $7.9 billion Notes Offering for Liquids Pipelines spinoff

August 29, 2024 by EnergyNow Media

CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) — News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that South Bow Corporation (South Bow) has closed a notes offering of approximately $7.9 billion Canadian-dollar equivalent in aggregate principal amount (the Notes Offering) related to the spinoff of TC Energy’s Liquids Pipelines business … Read more

Parex Resources Announces Operational and Guidance Update, and Chief Financial Officer Transition

August 29, 2024 by EnergyNow Media

CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) provides an update on its current operations, corporate guidance, outlook, and announces Sanjay Bishnoi’s departure as Chief Financial Officer (“CFO”) to pursue another opportunity. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. Guidance Update … Read more

Global Solar Generation Overtakes Wind for Longest Ever Stretch

August 29, 2024 by EnergyNow Media

By Gavin Maguire LITTLETON, Colorado, Aug 29 (Reuters) – Global electricity generation from solar farms has exceeded generation from wind farms since May, marking the longest ever stretch when solar power has been the top source of utility-scale renewable electricity worldwide. Solar electricity generation exceeded wind generation in May by 1.65 terawatt hours (TWh), and … Read more

Oil Steady as Libyan Supply Woes Counter Modest U.S. Stock Draw

August 29, 2024 by EnergyNow Media

(Reuters) – Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures had edged up 3 cents, or 0.04%, to $78.68 a barrel by 1024 GMT, while U.S. West Texas Intermediate crude futures were up 15 … Read more

Coelacanth Announces Q2 2024 Financial and Operating Results

August 29, 2024 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – August 29, 2024) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended Six Months Ended June 30 June 30 … Read more

Coelacanth Announces Q2 2024 Financial and Operating Results

August 29, 2024 by EnergyNow Media

August 29, 2024 6:00 AM EDT | Source: Coelacanth Energy Inc. Calgary, Alberta–(Newsfile Corp. – August 29, 2024) – COELACANTH ENERGY INC. (TSXV: CEI) (“Coelacanth” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS … Read more

Schachter’s Eye on Energy: Crude Oil Retreats More Than US$5/b As War Premium Shrinks. WTI Breach Of US$70/b Likely In September.

August 29, 2024August 29, 2024 by EnergyNow Media

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 energy, energy service and pipeline & infrastructure companies with regular quarterly updates. We also hold quarterly webinars and provide Action … Read more

Oil Billionaire Adam Waterous Confronts Skeptics Over Railroad to Banff Park

August 29, 2024August 29, 2024 by EnergyNow Media

Bloomberg News Adam Waterous is on a quest to relieve car congestion in the mountain paradise of Banff National Park, but conservationists are dubious about his plans Adam Waterous built Strathcona Resources Ltd. from nothing into one of Canada’s major oil producers during a period of slumping energy prices, sour investor sentiment on the sector … Read more

Prime Ontario Agricultural Land to be Protected Against Solar Farms Amid Energy Expansion, Minister Says

August 30, 2024August 29, 2024 by The Canadian Press

Certain solar farms will be banned on prime agricultural land in Ontario as the province expands energy production to meet demand in the coming decades, Energy Minister Stephen Lecce said Wednesday.
Ontario is looking to add some 5,000 megawatts of en…

Exxon Looks to Sell Non-Core Oil Assets in the U.S. Permian Basin

August 28, 2024 by EnergyNow Media

Top U.S. oil company Exxon Mobil is looking to sell oil assets in the U.S. Permian Basin that could fetch $1 billion, Bloomberg Law reported on Tuesday. Exxon, which purchased Pioneer Natural Resources for $60 billion in May, wants to sell a collection of conventional oil and gas properties in the Permian across west Texas … Read more

Oil Market Warnings Grow as OPEC+ Decision Nears

August 28, 2024 by EnergyNow Media

Global oil markets continue to flash warning lights as OPEC+ prepares to decide on reviving production. This week, Goldman Sachs Group Inc. and Morgan Stanley cut forecasts for crude prices amid a faltering demand outlook in China and plentiful production from across the Americas. Even more ominous for bullish investors is how calmly the market shrugged off … Read more

China Slams Canada Over Decision to Introduce Electric Vehicle Tariffs

August 28, 2024 by EnergyNow Media

Canada’s EV tariffs will kick in Oct. 1 The Canadian Press HALIFAX — China is slamming Canada’s decision to impose a 100 per cent import tariff on Chinese electric vehicles, promising there will be retaliation. Prime Minister Justin Trudeau announced the move at the federal cabinet retreat in Halifax on Monday, four months after U.S. President Joe Biden announced similar plans. … Read more

Canadians Weary After Years of Brutal Inflation

August 28, 2024 by EnergyNow Media

The last four-plus years have been a rollercoaster for millions of Canadians. The pandemic, which began in early 2020, quickly led to mass layoffs (most temporary) and widespread disruptions to normal life. This was accompanied by hiccups in often-fragile global supply chains, subsequently aggravated by the Russia-Ukraine war. In response to these developments, governments and … Read more

Oil Retreats as Demand Concerns Offset Libya Supply Risks

August 28, 2024August 28, 2024 by EnergyNow Media

(Reuters) – Oil prices fell more than 1% on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply losses from the Middle East and Libya. Brent crude futures were down $1.15, or 1.45%, at $78.40 a barrel by 1200 GMT. U.S. West … Read more

Goldman Sachs cuts 2025 average Brent forecast by $5/bbl

August 28, 2024August 28, 2024 by EnergyNow Media

Who Needs $100 Oil - Majors Making More Cash at $50, Goldman Says

Goldman Sachs cut its average 2025 Brent forecast and range for prices by $5 per barrel saying unexpected increases in oil inventories and slow China demand is likely to weigh on the market. The bank reduced its range for Brent prices to $70-$85 a barrel, and 2025 average Brent forecast to $77 per barrel from … Read more

Canada’s Big Banks Lag on Renewable Energy Investments

August 28, 2024August 28, 2024 by EnergyNow Media

Only three firms and pension boards hit the 2030 International Energy Agency target Bloomberg News Canada’s financial institutions are falling short when it comes to the investment levels in renewables needed to reach net zero emissions, according to a new report. Between 2016 and 2024, only three of the country’s largest banks, insurance providers, investment firms … Read more

Oil Bears Focus on Lacklustre Demand and Planned Output Boost: Kemp

August 28, 2024August 28, 2024 by EnergyNow Media

(Reuters) – Investors have remained resolutely bearish about the outlook for petroleum prices despite increasing confidence the U.S. Federal Reserve will cut interest rates to stimulate consumer and business spending. Fund managers reverting to selling oil futures and options last week as the short-covering rally the week before rapidly ran out of momentum and negative … Read more

Once-Acquisitive Chinese Oil Giant Looks to Revive Global Dealmaking

August 28, 2024August 28, 2024 by EnergyNow Media

(Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well as building on its record of producing more from aging wells, the head of its research arm said. China National Petroleum Corp (CNPC) and its listed arm PetroChina face … Read more

Venezuela’s Maduro Prepares Executive Changes at State Oil Firm PDVSA, Sources Say

August 28, 2024August 28, 2024 by EnergyNow Media

(Reuters) – Venezuela’s President Nicolas Maduro is getting ready to announce executive changes at state-owned company PDVSA and the oil ministry, part of key official moves following a disputed election, three sources with knowledge of the preparations said. The changes could include replacing PDVSA’s chief executive, Pedro Tellechea, with the company’s current vice president, Hector … Read more

Exxon Forecasts 2050 Oil Demand to Still Match today’s, 25% Above BP estimate

August 27, 2024 by EnergyNow Media

Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today’s levels, a forecast 25% higher than top European rival BP. The stronger demand projected by the largest U.S. oil company in its latest global oil outlook underpins Exxon’s production growth plans, the most … Read more

Oil Slips After Surge on Libyan Outages and Middle East Risk

August 27, 2024 by EnergyNow Media

(Reuters) – Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on supply concerns prompted by fears of widening Middle East conflict and potential shutdown of Libyan oil fields. Brent crude futures were down 30 cents, or 0.4%, at $81.13 a barrel by 0819 GMT. U.S. West Texas … Read more

COMMENTARY: It’s Time to Move on from ESG (ESG: Myths and Realities)

August 27, 2024 by EnergyNow Media

ESG will impose considerable harm on Canadian workers, doesn’t reflect the reality of how markets actually work The ESG movement calls for public companies and investors in public companies to identify and voluntarily implement environmental, social, and governance initiatives—ostensibly in the public interest. One school of thought supporting ESG is that doing so will make … Read more

INFOGRAPHIC: Top Countries by Fossil Fuel Consumption in 2023 – Visual Capitalist

August 27, 2024August 27, 2024 by EnergyNow Media

By Bruno Venditti Top Countries by Fossil Fuel Consumption in 2023 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Fossil fuel consumption reached new record highs in 2023, driven by increased coal and oil use … Read more

Panama Canal Expects to be Ready for Next Drought, Authority Says

August 27, 2024August 27, 2024 by EnergyNow Media

(Reuters) – The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by accommodating larger vessels, securing dedicated passage for some ships and expanding its water reservoirs’ capacity, its chief, Ricaurte Vasquez, said on Monday. The canal authority has announced a return … Read more

Equinor to Invest up to $6.7 Bln a Year in Oil and Gas off Norway Until 2035

August 27, 2024August 27, 2024 by EnergyNow Media

norway oil platforms august 2024 1200x810

A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo STAVANGER, Norway, Aug 26 (Reuters) – Equinor plans to invest 60 billion-70 billion Norwegian crowns ($5.7 billion-$6.7 billion) a year in oil and gas offshore Norway until 2035 as it expects continuing strong demand for … Read more

Norway Oil Output, Renewable Push Go Hand-in-Hand, Aker BP Says

August 27, 2024August 27, 2024 by EnergyNow Media

Norway must make more area available for hydrocarbon exploration and scale up the country’s nascent renewable sector in order to protect domestic suppliers of parts and services, according to the head of the country’s second biggest oil and gas company. “We need as much acreage as is possible and whatever is hindered by environmental assessments, … Read more

Canadian Taxpayers Federation Releases 2024 Gas Tax Honesty Report – Canadians Are Paying High Taxes Without Any Meaningful Environmental Gain

August 27, 2024August 27, 2024 by EnergyNow Media

Author: Carson Binda British Columbia The Canadian Taxpayers Federation is calling on Premier David Eby to lower fuel taxes as Vancouver and Victoria rank first and second for the highest gas taxes in the country, according to the 2024 edition of the Canadian Taxpayers Federation Gas Tax Honesty Report. “British Columbians are struggling every time … Read more

Search Committee Struck to Replace Head of Alberta Energy Regulator

August 27, 2024August 27, 2024 by The Canadian Press

CALGARY — A search committee has been struck to look for a new head of the Alberta Energy Regulator.
The group’s current president, Laurie Pushor, announced last week that he wouldn’t seek a new contract after his current term expires next April.
Pus…

Morgan Stanley Cuts 2024 Oil Demand Growth Outlook on China Factors

August 27, 2024August 27, 2024 by EnergyNow Media

(Reuters) – Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG). The bank cut its global oil demand growth forecast for this year to … Read more

Bank of Canada Seen Cutting Rates Deeper, Faster Over Next Year

August 27, 2024August 27, 2024 by EnergyNow Media

Economists expect third straight cut to policy rate on Sept. 4 Steady downward trend would bring rate to 3% by July 2025 Bloomberg News Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady downward trend in borrowing costs over the next year as … Read more

Canada Imposes a 100% Tariff on Imports of Chinese-Made Electric Vehicles

August 27, 2024August 27, 2024 by EnergyNow Media

TORONTO (AP) — Canada’s government is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs. Prime Minister Justin Trudeau also announced Monday there will be a 25% tariff on Chinese steel and aluminum. “Actors like China have chosen to give themselves an unfair advantage in the global marketplace,” Trudeau said at a … Read more

Oil Up 2% on Libya Shutdowns, Mideast Escalation Fears

August 26, 2024 by EnergyNow Media

(Reuters) – Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on concerns that an escalating Gaza conflict could disrupt regional oil supplies. Brent crude futures climbed $1.64, or 2.08%, to $80.66 a barrel by 1041 GMT, while U.S. crude futures were at $76.38 a barrel, … Read more

The Inherent Value of Permanent Downhole Gauges

August 26, 2024August 26, 2024 by EnergyNow Media

An overview of the operational and financial benefits of optimizing production and field development with real-time downhole data Abstract Traditionally, analytical models and simulation forecasts are made up of many assumptions and have significant error factors. These uncertainties are due to a lack of reliable data on the specific wells and reservoirs which are being … Read more

Rail Strike Reveals Vulnerabilities of Our Infrastructure Network

August 26, 2024 by EnergyNow Media

Losses from the rail blockades of 2020 and the Vancouver port strike of 2023 show the vulnerability of our rail networks. By Resource Works More News and Views From Resource Works Here The newly-minted federal Labour Minister, Steve MacKinnon, used powers at his disposal to force management and striking employees at Canadian Pacific Kansas City (CPKC) and … Read more

Federal Government’s Capital Gains Tax Hike is Worse Than You Think

August 26, 2024 by EnergyNow Media

Following the recent plunge in Canadian and U.S. stock markets, many Canadians likely saw a sharp decline in the value of their investments. Yet as Canadians reckon with this sudden change, other factors help reduce the return on their investments—namely, higher capital gains taxes. When an investor sells a capital asset (i.e. stocks) for a higher price … Read more

U.S. Drillers Cut Oil and Gas Rigs for Second Week in a Row – Baker Hughes

August 26, 2024 by EnergyNow Media

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell … Read more

Oil Climbs Over 2% After Fed’s Powell Indicates U.S. Rate Cuts

August 24, 2024 by EnergyNow Media

Summary U.S. Fed Chair Powell says inflation heading down Dollar index softens ahead of Powell’s speech Despite Friday gains, oil down for the week (Reuters) – U.S. light crude oil gained more than 2% a barrel on Friday after comments by U.S. Federal Reserve Chair Jerome Powell indicated the central bank was preparing to cut … Read more

COMMENTARY: Ignore Ottawa’s Talking Points – Canada is a Highly Indebted Country

August 24, 2024August 24, 2024 by EnergyNow Media

The Trudeau government has claimed that Canada “continues to have an enviable fiscal and debt position relative to international peers” because we have the lowest net debt-to-GDP ratio in the G7. But this is misleading. In reality, Canada is actually a highly indebted country relative to our international peers. The government’s claim originates from the International … Read more

Union Vows to Fight Canada’s Move to End Rail Shutdown, Sparking Uncertainty

August 24, 2024August 24, 2024 by EnergyNow Media

(Reuters) – The union representing over 9,000 Canadian rail workers vowed on Friday to challenge the federal government’s effort to mandate binding arbitration that would end an unprecedented rail stoppage at both of the country’s main freight rail carriers. The Teamsters union also filed notice to strike on Monday at Canadian National Railway, Canada’s largest … Read more

Trans Mountain Names Maki New CEO Before Government Sale

August 24, 2024August 24, 2024 by EnergyNow Media

trans mountain completion shows victory of good faith indigenous consultation 1200x810

He will replace Dawn Farrell, who recently was appointed as Trans Mountain’s board chair, effective Sept. 1 Bloomberg News Trans Mountain Corp., the government-owned company operating Canada’s newest major oil pipeline, named Chief Financial and Strategy Officer Mark Maki as its next chief executive as it prepares for a sale to private owners. Maki will replace … Read more

Halliburton Warning Oil Clients After Cybersecurity Attack

August 24, 2024August 24, 2024 by EnergyNow Media

Attack comes as oil industry increasingly relies on digital Energy Department says no sign attack has impacted services Halliburton Co., the world’s biggest provider of fracking services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. The Houston oilfield contractor has activated its cybersecurity response … Read more

Rongsheng Petchem Buys its First Canadian Kearl Lake Crude From Exxon, Sources Say

August 24, 2024August 24, 2024 by EnergyNow Media

Chinese refiner Rongsheng Petrochemical has bought 1.65 million barrels of Canadian crude oil to be exported from the Trans-Mountain pipeline for delivery in November, including its first cargo of Kearl Lake crude, trade sources said on Friday. The mega refiner has become a regular buyer of the heavy sour Canadian crude since the newly expanded … Read more

The Board of Directors of Trans Mountain Corporation Announces Key Leadership Succession Appointments

August 24, 2024August 24, 2024 by EnergyNow Media

trans mountain westridge marine terminal 2 1200x810

CALGARY, Alberta, Aug. 23, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Trans Mountain Corporation is pleased to announce the appointment of Mark Maki, currently Trans Mountain’s Chief Financial and Strategy Officer, to the role of Chief Executive Officer, effective September 1, 2024. “The Board is very pleased that Mark, with his experience and impressive track record, will succeed Dawn Farrell as our Chief Executive Officer,” said William … Read more

ENERGY SOUTH: Harris Was Largely Silent Last Night on Climate Change – Fossil Fuels

August 23, 2024August 23, 2024 by EnergyNow Media

Harris Skips Over Climate Change Even as Party Touts Green Wins Vice president only briefly mentioned topic in Chicago speech Issue was ‘shockingly absent’ at convention, green group says Bloomberg News Among the Democrats touting the party’s record confronting climate change at their Chicago convention, there was a major exception: Vice President Kamala Harris. Harris and … Read more

Enserva Applauds Federal Government’s Intervention in Railway Labour Dispute

August 23, 2024 by EnergyNow Media

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) — Enserva, the voice of Canada’s energy service, supply, and manufacturing sector, welcomes the federal government’s decisive move to intervene and implement binding arbitration to get Canada’s rail network moving again. This action marks a significant victory, not only for Enserva, but for the collective efforts of industries … Read more

Oil Set to End Week Lower on Demand Concerns, Easing Supply View

August 23, 2024 by EnergyNow Media

(Reuters) – Oil prices firmed on Friday but were on track to end the week lower, as weaker U.S. employment data raised concerns over the health of the world’s largest oil consumer, and renewed ceasefire talks in Gaza eased worries about supply. Brent crude futures rose 67 cents, or 0.9%, to $77.89 a barrel at … Read more

Regulator Issues Penalty, Conditions on Imperial Oil Amid Ongoing Kearl Investigation

August 23, 2024August 23, 2024 by The Canadian Press

CALGARY — The Alberta Energy Regulator says it’s imposing a $50,000 penalty on Imperial Oil amid its ongoing investigation into potential contraventions at the company’s Kearl oilsands site.
The regulator is investigating two releases of industrial w…

Enbridge CEO Ebel Sees ‘Colossal’ AI Power Use, U.S. LNG Doubling, Cdn Governments Need to Step Up

August 23, 2024August 23, 2024 by EnergyNow Media

Enbridge Inc. Chief Executive Officer Greg Ebel has played a major role in the company’s transformation from an oil-focused pipeline operator into a sprawling enterprise with businesses touching all forms of energy. He came to Enbridge in the $28 billion takeover of natural gas transporter Spectra Energy Corp. in 2017 and since becoming CEO last … Read more

Despite Alarmist Claims, Hydraulic Fracturing – or Fracking – is Generally Safe, and Risks are Manageable

August 23, 2024August 23, 2024 by EnergyNow Media

$fracking graphic 1200x810$

Hydraulic Fracturing: Risks and Management Hydraulic fracturing, a technique used in oil and gas production, has faced strong opposition from environmental groups in the several decades since the practice came into widespread use. Opponents of hydraulic fracturing assert that the process poses innumerable risks to the environment and human health—and have lobbied governments to impose … Read more

OPEC⁺ Faces Moment of Truth on Planned Output Increase: Kemp

August 23, 2024August 23, 2024 by EnergyNow Media

LONDON, Aug 22 (Reuters) – In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices, calendar spreads and refinery margins, amid concerns … Read more

BNP, CIBC to Lead Financing of Major German Hydrogen Project

August 23, 2024August 23, 2024 by EnergyNow Media

BNP, CIBC to lead financing of major German hydrogen project Green hydrogen made from renewable energies is considered crucial to Europe’s climate targets Bloomberg News BNP Paribas SA and Canadian Imperial Bank of Commerce are among banks that have committed to backing one of Germany’s largest hydrogen projects. The decision is a sign that startup HH2E AG is … Read more

Binding Arbitration Imposed: CN, CPKC Prepare to Restart Railways After Ottawa Steps in to End Stoppage

August 23, 2024August 23, 2024 by EnergyNow Media

how a rail stoppage could affect freight, farming, french fries and more 6

More than 32,000 rail commuters in Toronto, Montreal and Vancouver will have to find new routes Canadian Press MONTREAL — Canada’s two biggest railways say they’re preparing to get trains back on track after Ottawa intervened to end an unprecedented labour impasse that disrupted business across the country and cancelled commutes for thousands. Canadian National … Read more

P-I-V-O-T: Ford Pulls Back Further From EVs with $1.9 Billion SUV Pivot

August 23, 2024August 23, 2024 by EnergyNow Media

The actions amount to further pullback by chief executive Jim Farley, who initially accelerated Ford’s shift to EVs Bloomberg News Ford Motor Co. is recalibrating its electrification strategy yet again, cancelling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around US$1.9 billion. In addition to scrapping an all-electric three-row SUV … Read more

Why Canada’s Railways Are Seeing an Unprecedented Labor Stoppage

August 22, 2024 by EnergyNow Media

(Reuters) For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are seeing a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY HAVE OPERATIONS AT BOTH COMPANIES STOPPED? Contract talks between the Teamsters union and the companies usually take place … Read more

Enserva Condemns Ongoing Rail Labour Dispute, Warns of Immediate Economic and Social Fallout

August 22, 2024 by EnergyNow Media

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) — Enserva, the voice of Canada’s energy service, supply, and manufacturing sector, is sounding the alarm regarding far-reaching and severe impacts on jobs, supply chains, and the livelihood of Canadians, as the nation’s two main railway companies came to a grinding halt last night with lockout notices issued … Read more

Lycos Energy Inc. Announces Second Quarter Financial Results and Operations Update

August 22, 2024 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – August 22, 2024) – Lycos Energy Inc. (TSXV: LCX) (“Lycos” or the “Company“) is pleased to announce its operating and financial results for the three and six months ended June 30, 2024. Selected financial and operating information is outlined below and should be read with Lycos’ unaudited condensed interim consolidated financial … Read more

Canadian Rail Stoppage Set to Squeeze North American Industries

August 22, 2024 by EnergyNow Media

Canada’s freight rail transport could come to a grinding halt after the country’s two biggest railroad operators announced an unprecedented, simultaneous work stoppage following deadlocked talks over labor contracts. Canadian National Railway and Canadian Pacific Kansas City said they had locked out their workers and shut their networks in the country early on Thursday after … Read more

The Wind Power Industry Isn’t Over Its Gloom Loop Yet

August 22, 2024 by EnergyNow Media

Today, reporter Will Mathis examines the ongoing troubles facing the wind power industry. Just when things were starting to look up for wind power, new troubles are pulling it back down. In recent years, soaring inflation, supply-chain chaos and rapidly rising interest rates shocked turbine manufacturers and their customers, upending a business model that depended on cheap … Read more

Oil Prices Steady as U.S. Crude Draw Limits Downside

August 22, 2024 by EnergyNow Media

(Reuters) – Oil prices were steady on Thursday, after falling for four straight days as investors worried about the global demand outlook, but a decline in U.S. fuel inventories provided a floor. Brent crude futures gained 31 cents, or 0.41%, to $76.36 a barrel, while U.S. West Texas Intermediate crude futures inched 18 cents up, … Read more

Canadian Banks’ Credit Quality in Focus as Q3 Bad Loan Provisions Seen Up

August 22, 2024 by EnergyNow Media

(Reuters) – Canada’s big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year ago, as insolvencies rise and lenders prepare for credit card and other delinquencies in a challenging economy. The banks, which control a big chunk … Read more

COMMENTARY: Where Can We Easily Reduce or Eliminate Oil & Natural Gas? – Yogi Schulz

August 22, 2024August 22, 2024 by EnergyNow Media

We can reduce hydrocarbon consumption in many modest ways to materially mitigate GHG emissions and reduce consumer energy costs. This approach can be more successful than the loud clamouring of some environmentalists who want to eliminate burning fossil fuels to rapidly reduce greenhouse gas (GHG) emissions to address climate change. The federal government is pursuing … Read more

Municipalities Say Alberta Oilpatch Policies Harming Tax Base, Public Interest

August 22, 2024August 22, 2024 by The Canadian Press

EDMONTON — Alberta’s United Conservative government is trying to increase production from the province’s declining conventional oil and gas fields at the expense of local tax bases, environmental oversight and the public interest, says the group repre…

COMMENTARY: Summer Talking Points: Warm Temperatures – Alex Epstein

August 22, 2024August 22, 2024 by EnergyNow Media

Warmer temperatures are less of a threat than cold ones, and fossil fuels make us safer from both By Alex Epstein This is Part 3 of a 4 part feature where I cover 4 of the top energy issues that will be discussed this summer, especially as politicians return home for August Recess. Warmer temperatures … Read more

How a Rail Stoppage Could Affect Freight, Farming, French Fries and More

August 21, 2024 by EnergyNow Media

A railway shutdown would have consequences in big ways and small By Benjamin Shingler Cargo terminals at the Port of Vancouver. Canada’s major ports would see an immediate impact from a rail stoppage, experts said. (Gian Paolo Mendoza/CBC) For the first time, Canada’s two main railway companies, Canadian National Railway (CN) and Canadian Pacific Kansas … Read more

Top U.S. Oilfield Firm Halliburton Hit by Cyberattack, Source Says

August 21, 2024 by EnergyNow Media

U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems at the company and was working to determine the cause and impact of the problem. The company was also working with “leading external experts” … Read more

Denmark’s North Sea Energy Island Delayed Again by High Costs

August 21, 2024 by EnergyNow Media

By Stine Jacobsen COPENHAGEN, Aug 21 (Reuters) – Denmark will delay by at least three more years construction of a planned North Sea energy island to supply renewable power to three million European households, a government minister said on Wednesday, citing rising costs and high interest rates. The projected investment exceeds 200 billion Danish crowns … Read more

China Has Cut New Coal Power Plant Permits by Nearly 80%, Greenpeace Says

August 21, 2024 by EnergyNow Media

By Colleen Howe BEIJING, Aug 21 (Reuters) – China, the world’s largest builder of coal-fired power stations, cut the number of permits for new plants by nearly 80% in the first half of 2024, an environmental group report finds, saying time would tell whether it was a turning point. The Greenpeace East Asia report, based … Read more

ROK Resources files financial results and Management Discussion & Analysis for the second quarter of 2024 and provides operations update

August 21, 2024 by EnergyNow Media

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / August 21, 2024 / ROK Resources Inc. (“ ROK ” or the “ Company “) (TSXV:ROK)(OTCQB:ROKRF) has filed its interim Financial Results and Management Discussion & Analysis for the six months ended June 30, 2024. The Company executed on its previously announced … Read more

Enbridge CEO Sees Strong Oil Demand in 2050, With U.S. Supply Growing

August 21, 2024 by EnergyNow Media

More oil usage is fueled by global economic demands, Ebel says North America plays a key role in growing LNG market, CEO says Enbridge Inc. Chief Executive Officer Greg Ebel said oil demand may continue to grow in the decades ahead, putting his company’s internal assumptions among the more bullish forecasters of long-term crude usage. Oil demand by … Read more

China’s Record Hydro and Solar Cut Coal Power During Heatwave

August 21, 2024 by EnergyNow Media

By John Kemp (Reuters) – China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration. Unprecedented load was met by record output from hydro and solar, ensuring coal-fired generation fell slightly compared with the same … Read more

U.S. Oil Export Gains Slow as Output, Global Demand Turn Tepid

August 21, 2024 by EnergyNow Media

(Reuters) – U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish. Crude oil exports from U.S. ports averaged about 4.2 million barrels per day so far this year, … Read more

Hemisphere Energy announces 2024 second quarter results, declares quarterly dividend, and provides operations update

August 21, 2024 by EnergyNow Media

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2024) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide its financial and operating results for the three and six months ended June 30, 2024, declare a quarterly dividend payment to shareholders, and provide an operations update. Q2 2024 Highlights Achieved record … Read more

Oil Prices Catch Breath After Days of Losses

August 21, 2024August 21, 2024 by EnergyNow Media

(Reuters) – Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about conflict spreading in the Middle East. Brent crude futures were stable at $77.20 a barrel by 0806 GMT. U.S. West Texas Intermediate … Read more

Industries That Could Take a hit from Canadian Rail Strikes

August 21, 2024August 21, 2024 by EnergyNow Media

Canada’s freight rail network could come to a grinding halt this week, likely extracting a huge economic toll across industries as the country’s two leading rail companies plan an unprecedented work stoppage. Both Canadian National Railway and Canadian Pacific Kansas City plan to lock out workers from Thursday, as talks with the Teamsters union over … Read more

U.S. West Coast Refiners Still Waiting for Trans Mountain Pipeline Margin Boost

August 22, 2024August 21, 2024 by EnergyNow Media

(Reuters) – Canada’s expanded Trans Mountain (TMX) oil pipeline, which commenced commercial operations in May, so far has had little impact on crude costs at refineries on the U.S. West Coast, according to companies operating there. The expansion, which tripled pipeline capacity from Alberta to Canada’s Pacific Coast to 890,000 barrels per day (bpd), increased the access … Read more

U.S. Oil, Gas M&A Activity Jumped 57% Last Year Amid Industry Consolidation

August 21, 2024August 21, 2024 by EnergyNow Media

(Reuters) – Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on Tuesday. Top energy companies spent $49.2 billion on mergers and acquisitions in 2023, up from $31.4 billion in 2022, … Read more

Five Surprising Facts About B.C.’s Electricity – Learn More

August 20, 2024 by EnergyNow Media

British Columbia’s electricity system is often viewed as a model of clean energy, thanks to its heavy reliance on hydroelectric power. However, the reality is much more complex. Here are the top five things that might surprise you about BC’s electricity system, from the Energy Futures Institutes’ recent report. By Resource Works More News … Read more

Chevron-Backed Carbon Capture Firm Svante Technologies Gets Up to $100 Million From Canada Growth Fund

August 20, 2024August 20, 2024 by EnergyNow Media

Svante has developed filters to catch carbon dioxide out of the air and concentrate it for other uses Bloomberg News Canada’s new green technology fund is putting as much as US$100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology. Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon … Read more

Oil Prices Edge Down on Easing Geopolitical Risks, Weak China Demand

August 20, 2024 by EnergyNow Media

(Reuters) – Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. Brent crude was down 80 cents, or 1.03%, at $76.86 per barrel as of 0820 GMT. Front month U.S. West Texas … Read more

Canada Rail Companies and Union Must Work Hard to Reach Deal, says Ottawa

August 20, 2024August 20, 2024 by EnergyNow Media

parliament of canada oct 28 2021 1200x810

(Reuters) Canada’s two main railway companies and the Teamsters union must do the hard work necessary to reach labor deals and avoid a full stoppage, federal Labour Minister Steve MacKinnon said on Monday. In a post on the X social network, MacKinnon said Canadian National Railway and Canadian Pacific Kansas City would shut down early … Read more

Oil Pipeline Capacity to Spare Canadian Exports from Looming Rail Dispute

August 20, 2024August 20, 2024 by EnergyNow Media

trans mountain burnaby tank farm 1200x810 aug 2024

(Reuters) – A looming labor dispute at Canada’s two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to the matter said. North American shippers such as fertilizer supplier Nutrien and U.S. logistics firm C.H. Robinson are bracing for simultaneous stoppages … Read more

Why Canada is on the Verge of an Unprecedented Rail Labor Stoppage

August 20, 2024August 20, 2024 by EnergyNow Media

For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks between the Teamsters union and the companies usually … Read more

Rule 2.7 Announcement: Gran Tierra Energy to Acquire i3 Energy plc

August 19, 2024 by EnergyNow Media

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR CIRCULAR OR PROSPECTUS OR CIRCULAR EQUIVALENT … Read more

Possible Offer for i3 Energy

August 19, 2024 by EnergyNow Media

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION OF SUCH JURISDICTION THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). IT DOES NOT … Read more

COMMENTARY: EU’s Theatre of the Ridiculous – Irina Slav

August 19, 2024 by EnergyNow Media

More From Irina Slav We humans are creatures of habit. Actually, all animals, I believe, are creatures of habit, only we have more of these because of those big brains of ours. Here on this Substack, for instance, we — and I mean the collective we, not the royal we, obviously — are in the … Read more

Russia Complains to Germany over Nord Stream Sabotage Probe

August 19, 2024 by EnergyNow Media

(Reuters) – Russia has complained to Germany over its investigation into the 2022 explosions that ruptured the Nord Stream gas pipelines, the RIA state news agency reported on Monday, after a key suspect escaped arrest in Poland. German media reported last week that German prosecutors had identified a Ukrainian diving instructor as a suspect in the Nord … Read more

Woodside Gets Environmental Go-Ahead for Scarborough Project; Key Green Group Backs Down

August 19, 2024 by EnergyNow Media

Summary Shares up 1.3% VS fall in energy index Australia’s laws work in favour of fossil fuel interests – ACF Scarborough commissioning key growth catalyst – analysts (Reuters) – Woodside’s $12.5 billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed … Read more

Oil Price Dip Keeps Brent Below $80 on China Demand Woes

August 19, 2024 by EnergyNow Media

(Reuters) – Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China weighed on market sentiment. Brent crude futures dropped 63 cents, or 0.8%, to $79.05 a barrel by 0927 GMT. U.S. West Texas Intermediate crude futures slid 73 cents, or 1%, to $75.92. Both benchmarks … Read more

Read & Watch: Ensuring Boiler Safety: The Importance of Proper Sight Glass Selection and Maintenance

August 19, 2024August 19, 2024 by EnergyNow Media

Boilers are critical components in many industrial processes, providing the necessary steam or heat for operations across various sectors. One crucial aspect of boiler operation is the ability to accurately monitor water levels, which is where sight glasses, or gauge glasses, play an essential role. Understanding the different types of sight glasses and adhering to … Read more

You’re Invited to Carbon Capture Canada 2024 – Showcasing Canada’s Incredible Opportunity in CCUS.

August 19, 2024 by EnergyNow Media

When: September 10-12, 2024 Where: Edmonton Convention Centre Why: Opportunities Coming Down The Pipeline Carbon Capture Canada is the only Pan-Canadian national convention showcasing Canada’s incredible and almost untapped opportunity for carbon capture and underground storage innovation, technology and destination for global investment. Position your organization to take advantage of this dynamic market by being … Read more

Harnessing the Power of Network Camera Technology for Sustainability in the Energy Sector: An In-Depth Look

August 20, 2024August 19, 2024 by EnergyNow Media

By Keith D’Sa Courtesy of Axis Communications Sustainability has rapidly transformed from being an optional corporate initiative to an integral part of businesses across various industries. This transformation is propelled by consumers, investors, stakeholders, and wider societal elements prioritizing environmental consciousness. However, sustainability extends beyond environmental considerations; it encompasses crucial social and economic dimensions. The … Read more

Not All Geocells Are Created Equal: Let’s Compare NPA to HDPE Geocells

August 20, 2024August 19, 2024 by EnergyNow Media

What are geocells? Geocells are unique, high-performance cellular confinement systems used for soil stabilization. They have the structure of a honeycomb laid out over subgrade and hold granular infill, creating a reinforced composite surface. The 3D interaction of the soil, cell walls, and geometry maintains soil compaction, thus increasing the structural strength of the infill … Read more

Green Energy Projects Eye Underground Salt Caverns as Key to Hydrogen Storage

August 19, 2024August 19, 2024 by The Canadian Press

salt dome triple point location 1200x810

Triple Point Resources Ltd. CEO Julie Lemieux wants people to understand the sheer size of the Fischell Salt Dome, a geological formation on Newfoundland’s west coast she says could play a key role in the green energy transition.
The dome is a thick m…

Vancouver Reverses Ban on Natural Gas Heating in New Homes – Canada Powered by Women

August 19, 2024August 19, 2024 by EnergyNow Media

how vancouver's economy became alienated from the rest of british columbia 1200x810

by Canada Powered by Women On July 23, Vancouver city council voted 6-5 to reverse the ban on natural gas heating in new homes — a policy that’s been in effect since January 2022. Opposing councillors to the amendment, proposed by Vancouver councillor Brian Montague, called the decision a step backwards on Vancouver’s commitment to climate … Read more

Canadian Pacific Kansas City Expands Rail Freight Embargoes Ahead of Looming Work Stoppage

August 18, 2024 by EnergyNow Media

Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting on Tuesday if talks with its Canadian labour union fail to progress. North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada’s … Read more

Heavy Oil Discount Holds Steady

August 18, 2024August 17, 2024 by EnergyNow Media

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) held steady on Friday: * WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel below WTI, according to brokerage CalRock, having settled at the same level on Thursday after narrowing for five straight trading … Read more

Parkland Faces Lawsuit From Top Shareholder Simpson Oil

August 17, 2024August 17, 2024 by EnergyNow Media

Simpson owns about 20% of Parkland shares CALGARY — Parkland Corp.‘s largest shareholder says it is taking legal action against the company in light of what it calls an attempt by Parkland to insulate its board of directors and chief executive from accountability. Simpson Oil, which is based in the Cayman Islands, escalated its months-long dispute … Read more

Canada Faces Crunch in Electrical Supply

August 17, 2024August 17, 2024 by EnergyNow Media

By Resource Works More News and Views From Resource Works Here The electricity grid’s capacity will have to double in the next 21 years to meet the forecasted demand. Experts warn that Canada, and much of North America, could face electricity shortages from now through 2028. This, they say, is due to booming demand for … Read more

Oil Falls 2% to End Volatile Week, Focus on China Demand Concerns

August 17, 2024August 17, 2024 by EnergyNow Media

Summary Brent futures fall by $1.36/bbl, WTI drops $1.51 Benchmarks broadly unchanged on the week after volatile trade Data from China showed economy losing momentum, weak oil demand Gaza ceasefire talks paused, set to resume next week (Reuters) – Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude … Read more

U.S. Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks – Baker Hughes

August 17, 2024August 17, 2024 by EnergyNow Media

U.S. energy firms this week cuts oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week to Aug. 16. Baker … Read more

Heavy Oil Discount Narrows for Fifth Session in a Row

August 16, 2024August 16, 2024 by EnergyNow Media

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Thursday, for the fifth straight day: * WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel below WTI, according to brokerage CalRock, having settled at $12.40 a barrel under the U.S. benchmark … Read more

SpaceX Will Launch a Methane Satellite to Hold Super Polluters Accountable

August 16, 2024 by EnergyNow Media

Nonprofit Carbon Mapper will manage the satellite, making it the second NGO this year to launch its own methane detector. Bloomberg News There’s about to be a new methane eye in the sky. SpaceX is scheduled to launch on Friday the Tanager-1 satellite. The nonprofit Carbon Mapper is behind the satellite and will make the … Read more

Saudi Arabia to Reduce Big Spending on Oil Sector, Goldman Says

August 16, 2024 by EnergyNow Media

Capex in the oil sector set to shrink by $40 billion by 2028 Kingdom shifts attention to sectors like renewables and mining Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. The Gulf kingdom will likely … Read more

Oil Prices Fall More Than 1% on China Worries

August 16, 2024 by EnergyNow Media

(Reuters) – Oil prices fell by more than $1 on Friday, with Brent slipping below $80 a barrel after a string of dismal indicators for July from China overshadowed geopolitical risks. Brent crude futures were down $1.07, or 1.32%, to $79.97 per barrel by 0945 GMT, while U.S. West Texas Intermediate crude futures fell $1.27, or … Read more

Schachter’s Eye on Energy: Two Wars And Geopolitical Tensions Have Lifted The Crude Oil War Premium Over US$10/b.

August 16, 2024August 16, 2024 by EnergyNow Media

TD Cowen Only Sees Potential Impact on Energy Companies from Prolonged Canadian Rail Strike

August 16, 2024August 16, 2024 by EnergyNow Media

** TD Cowen says while Canadian rail strike “has the potential to create near-term noise and headline risk, any impacts likely prove transitory for the E&Ps since strikes typically last ~7-10 days and because companies have worked hard to mitigate the risks” ** Says polled E&Ps and service companies do not appear to be concerned … Read more

TC Energy Completes Sale of Portland Natural Gas Transmission System

August 16, 2024August 16, 2024 by The Canadian Press

CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System.
Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.14 billion to a BlackRock fund …

InPlay Oil Corp. announces second quarter 2024 financial and operating results

August 15, 2024 by EnergyNow Media

CALGARY, AB, Aug. 14, 2024 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and six months ended June 30, 2024. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2024 will be … Read more

Tidewater Midstream and Infrastructure Ltd. announces second quarter 2024 results and operational update

August 15, 2024 by EnergyNow Media

CALGARY, AB, Aug. 15, 2024 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) has filed its interim consolidated financial statements and Management Discussion and Analysis (“MD&A”) for the three month period ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Net Income attributable to shareholders increased by $1.7 million to a net loss of $4.7 million in the second quarter … Read more

Norwegian Oil Investments to Hit Record High as Inflation Drives Up Costs

August 15, 2024 by EnergyNow Media

Summary Statistics office compiles oil, gas investment survey Norway oil investments to hit record NOK 257 bln in 2024 (Reuters) – Norwegian oil and gas investments are expected to hit a record this year and stay at elevated levels in 2025, driven by ongoing field developments and rising inflation, a national statistics office (SSB) survey … Read more

Oil Prices Edge Up as Demand Concerns Duel With Rate Cut Optimism

August 15, 2024 by EnergyNow Media

(Reuters) – Oil prices ticked up on Thursday as optimism built that potential U.S. interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains. Brent crude futures were up 51 cents, or 0.6%, at $80.27 a barrel at 1107 GMT, recovering some of the previous day’s losses. … Read more