The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the Norwegian company, the Bay du Nord project consists of several […]
Western oil majors have quit Russia altogether, taking billions of dollars in vague impairment charges on Russian energy assets, and now comes the hard math. This morning energy giant Shell Plc said that it will […]
In 2020, at the height of the novel coronavirus pandemic, it seemed that renewable energy was finally getting its chance to rise to the top of the global energy sector and reset the world’s trajectory […]
(Reuters) – At least a dozen U.S. shale gas executives met with European energy officials to discuss expanding U.S. fuel supplies to Europe amid a scramble to replace Russian imports. The group met in Houston […]
Global emissions of methane, the second-biggest contributor to human-caused climate change after carbon dioxide, surged by a record amount in 2021, the National Oceanic and Atmospheric Administration said on Thursday. Methane, a key component of natural […]
Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and causing logistics problems. China has […]
In addition to driving shareholder returns through its core business, Suncor will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. “While Suncor […]
Australian energy giant Woodside has received key approvals for the execution of its operated Scarborough project located offshore Western Australia. Woodside, as the operator for and on behalf of the Scarborough Joint Venture, has received key primary […]
(Reuters) – Oil executives defended themselves in the U.S. Congress from charges by lawmakers that they are gouging Americans with high fuel prices, saying that they are boosting energy output and no one company sets the […]
The U.S. benchmark natural gas price jumped above $6 per million British thermal units (MMBtu) on Wednesday, on the back of estimates that domestic production has dipped in recent days. As of 8:20 a.m. ET […]
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