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Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms

CDN and International News, Conventional Energy, Latest, Oil / By

Norway’s annual offshore exploration licensing round in mature areas attracted bids from 21 petroleum firms, including Shell, Aker BP and Equinor, the country’s oil and energy ministry said on Friday. “We need further exploration to make new discoveries which in turn pave the way for investments to maintain production,” Energy Minister Terje Aasland said in a …

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Trump’s Big Energy Plan Is… Recession?

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Natural Gas, Oil, US News / By

Sharp declines in gasoline prices tend to come with economic downturns or other nasty market shocks, not by presidential decree. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Former President …

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U.S. Imposes Sanctions on Companies, Vessels Linked to Arctic LNG 2

Conventional Energy, Latest, LNG, US News / By

(Reuters) – The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia’s Arctic LNG 2 project, Washington’s latest step to add costs on Moscow for its invasion of Ukraine. The Arctic 2 project, 60% owned by Russia’s Novatek  had been due to become Russia’s largest liquefied natural gas plant with eventual output …

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High Fossil Fuel Use Highlights U.S. Power Transition Challenge

Conventional Energy, Hydro, Latest, Natural Gas, Nuclear, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Fossil fuels continue to rule the roost in the United States’ power sector, despite clean energy sources being rolled out at the fastest pace in history. For the past decade, U.S. power generators have prioritized clean power sources over fossil fuels, and since 2014 they have lifted clean electricity generation capacity by over …

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Canada Oil Industry Group Calls for Changes to Anti-Greenwashing Laws

CDN and International News, Conventional Energy, Energy Topics & Technology, Environment, Latest, Natural Gas, Oil / By

(Reuters) – The Canadian Association of Petroleum Producers (CAPP) on Thursday urged the country’s Competition Bureau to make changes to anti-greenwashing legislation passed earlier this year, and repeated calls for recent amendments to the law to be scrapped entirely. CONTEXT The Competition Bureau is developing guidance on how companies should interpret recent changes to Canada’s Competition …

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JPMorgan Sees OPEC+ Holding Output Steady for Another Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

JPMorgan expects OPEC+ to maintain its current production levels for at least another year, leading to an average price of $75 for Brent crude in 2025, JP Morgan said in a note on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, on Thursday said they agreed to delay a …

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