Breaking
-
-
Canada’s New Regulations: Targeting Methane Leaks in Oil and Gas Operations
-
IEA Report: Companies Should Not Rely Only on Carbon Capture Technologies
-
New Green Hydrogen Facility Worth $4B in Quebec
-
U.S. Buyers’ Growing Interest in Affordable Canadian Energy
-
Canada Expects an Increase in LNG Projects as Asian Buyers Hunt its Certified Gas
Canadian News
-
Trans Mountain Alerts Regulator of Possible 2-Year Pipeline Delay
The company responsible for the Trans Mountain pipeline expansion expressed concern that the project’s completion could experience a two-year delay if the Canada Energy Regulator does not authorize a previously rejected request for a pipeline variance. Trans Mountain Corp. stated that such a delay would be “catastrophic” for the pipeline project, which is currently over […] More
-
IEA Forecasts Rapid Growth in Global Oil Demand in 2024
On Thursday, the International Energy Agency (IEA) announced that global oil demand is projected to increase more rapidly than initially anticipated in the upcoming year. This highlights a strong near-future outlook for oil consumption, despite the recent COP28 agreement aimed at shifting away from fossil fuels. The producer group OPEC and the IEA, representing developed […] More
-
Alberta Opposes Federal Move at COP28 Against Oil and Gas
Alberta Premier Danielle Smith expressed positivity regarding Alberta and Saskatchewan’s efforts to resist the push “against the voices of those obsessed” with phasing out oil and natural gas at the COP28 climate summit held by the United Nations in Dubai. In a joint statement with Alberta’s environment minister, Rebecca Schulz, Smith criticized federal environment minister […] More
-
Minister Guilbeault Reaffirms Canada’s Commitment to Global Climate Action and Continues to Push for a Strong Outcome at COP28
DUBAI, UAE, Dec. 12, 2023 /CNW/ – The world has experienced its warmest year ever, with Canadians facing devastating and deadly wildfires. At COP28, all countries came together to address the triple crisis of climate change, biodiversity loss, and pollution and push for ambitious outcomes. Canada advocated to secure ambitious outcomes to keep the Paris Agreement goal of limiting warming […] More
-
Saskatchewan Premier: Canada’s New Emissions Cap is a ‘Burden’
Premier of Saskatchewan Scott Moe expressed his dissatisfaction with the federal government’s plan to cap emissions from the oil and gas industry. The federal government declared on Thursday that by 2030, the oil and gas sector will have to reduce its emissions by more than one-third. Emissions must be cut by 35–38% below 2019 levels, […] More
-
Guilbeault: Canada Aims to Cut Emissions by One-Third by 2030
Under a new federal policy, the oil and gas sector must reduce emissions by over 33% within seven years or purchase offset credits. Since the 2021 election, the Liberals have assured a restriction on emissions from the fossil fuel industry. However, the recent announcement on Thursday explicitly outlined the precise reduction the government expects the […] More
Finance
-
Oil Prices Settle Mostly Flat Ahead of Monthly Oil Forecasts
Sept 11 (Reuters) – The benchmark oil price settled largely unchanged on Monday, holding above the $90 a barrel reached last week for the first time in 10 months following fresh Saudi and Russian crude output cuts. Brent crude settled down 1 cent to $90.64 a barrel, while U.S. West Texas Intermediate crude settled down […] More
-
-
-
-
-
Historical Crude Oil Chart
International News
Olivia Woods
Press Releases
