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Oil & Gas

An iron-ore mine in Australia
Australia expects export resource earnings to drop 10% in FY2025
19th December 2024 By: Reuters

Australia expects its resource and energy export earnings to fall by about 10% to A$372-billion ($231.6-billion) in the fiscal year ending June 2025 mostly due to falling iron-ore prices and... 


A brine pool
Saudi Arabia taps Aramco oil field brine in lithium battery push
19th December 2024 By: Bloomberg

Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter. The country, in the midst of revamping its economy... 


The Cigar Lake mine
Canada weighs export taxes on uranium, oil if Trump starts trade war
12th December 2024 By: Bloomberg

Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad... 


Alberta cleans up 5% of inactive wells in 2023
6th December 2024 By: Reuters

The number of inactive oil and gas wells in Alberta, Canada's main fossil fuel-producing province, fell 5% in 2023 from a year earlier, showing progress in decommissioning and reclamation work, a... 


Kraftblock co-founder and CEO Dr Martin Schichtel.
Mines urged to fill renewables gaps with green electrons from on-site waste heat
5th December 2024 By: Martin Creamer

Mines using renewable energy are being encouraged to harvest and store heat wasted during minerals processing and to then use its green electrons to close renewables intermittency gaps that come... 


Natural Resources Minister Jonathan Wilkinson
Ottawa must ensure Trump understands importance of Canadian oil to US, Minister says
29th November 2024 By: Reuters

Ottawa must make sure the Trump administration understands how inter-related energy markets are in the US and Canada, a Canadian government minister said on Thursday, commenting on President-elect... 


Woodside to bring in several partners to Louisiana LNG project by March, CEO says
28th November 2024 By: Reuters

Woodside Energy expects to bring several partners into its Louisiana liquefied natural gas development by the time the company gives the financial go-ahead to the US project in the first quarter of... 


Guilbeault warns oil and gas companies against withholding emissions data
Guilbeault warns oil and gas companies against withholding emissions data
28th November 2024 By: Reuters

Canada's Environment Minister warned on Wednesday that oil and gas companies would be breaking federal laws if they withheld emissions data, after Alberta's premier said the province was... 


Australia says it is on track to meet 2030 emissions cut targets
27th November 2024 By: Bloomberg

Australia’s government said it is on track to meet its emissions cut targets by 2030, despite earlier concerns that the renewable energy rollout across the country wasn’t moving fast enough to meet... 


US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive
US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive
27th November 2024 By: Reuters

S oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on... 


Donald Trump
Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
25th November 2024 By: Reuters

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG)... 


Senex Energy officially opens Atlas gas field expansion
Senex Energy officially opens Atlas gas field expansion
25th November 2024 By: Creamer Media Reporter

Australian energy company Senex Energy has announced that first gas is set to flow from its A$1-billion Atlas natural gas field expansion, following the official opening of its Surat Basin facility... 


Canadian regulator orders halt to Sunshine Oilsands operations
20th November 2024 By: Reuters

A Canadian regulator has ordered Sunshine Oilsands to suspend its operations, including wells, facilities and pipelines,in northern Alberta's oil sands regiondue to continuous non-compliance with... 


Suncor Energy beats Q3 profit estimates on higher production, raises dividend
13th November 2024 By: Reuters

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 


COP29 is being held in Azerbaijan this month
Global CO2 emissions to hit record high in 2024, report says
13th November 2024 By: Reuters

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


US sets stage for second oil and gas auction in Alaska refuge
US sets stage for second oil and gas auction in Alaska refuge
7th November 2024 By: Reuters

The Biden administration took a key step toward holding a required sale of oil and gas leases in an Alaska wildlife refuge with the publication of a final environmental review, the Interior... 


Commodity prices fall after Donald Trump elected US President
6th November 2024 By: Reuters

Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the US presidential election stoked concerns about tariffs... 


Republican Presidential nominee and former US President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 US Presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida.
Commodities under pressure on likely Trump win in US Presidential race
6th November 2024 By: Reuters

Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the US Presidential election. Trump has... 


underground mining machines
Minerals Council notes easing of mining input cost increases in September
5th November 2024 By: Darren Parker

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is... 


Canada proposes sharp cut in oil and gas sector emissions by 2030
5th November 2024 By: Reuters

The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially... 


pouring asphalt
AECI to sell Much Asphalt for R1.1bn
4th November 2024 By: Darren Parker

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Canada to unveil long-awaited plan for emissions cap on oil and gas sector
4th November 2024 By: Reuters

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly... 


Rinehart's Hancock buys gas assets from MinRes for A$1bn
Rinehart's Hancock buys gas assets from MinRes for A$1bn
31st October 2024 By: Mariaan Webb

ASX-listed Mineral Resources (MinRes) on Thursday announced a A$1.1-billion agreement with Hancock Prospecting concerning its oil and gas exploration assets. The binding sale-and-purchase... 


Major LNG producer challenged on clean claims in landmark case
Major LNG producer challenged on clean claims in landmark case
29th October 2024 By: Bloomberg

One of the world’s first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming natural gas producer Santos Ltd. misled... 


Strong call for FCEVs to be advanced as an immediate-term necessity.
Platinum association highlights advantages of quicker fuel cell electric vehicle deployment
28th October 2024 By: Martin Creamer

The International Platinum Group Metals Association (IPA) is calling on policymakers to urgently drive forward the deployment of fuel cell electric vehicles (FCEVs), alongside battery electric... 


Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
23rd October 2024 By: Reuters

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 


Sasol logo
Sasol's performance lags in Q1 owing to chemical market, coal quality issues
22nd October 2024 By: Marleny Arnoldi

JSE-listed petrochemicals group Sasol has reported a mixed production and sales performance for the three months ended September 30, with the company having been impacted on by the stronger rand,... 


A Sasol sign at its Secunda operations
Sasol’s gas supply and volatile oil raise sustainability risks
18th October 2024 By: Bloomberg

Sasol’s declining gas reserves and its susceptibility to volatile oil prices is drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel... 


Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
17th October 2024 By: Reuters

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil... 


Woodside to delist from London exchange
Woodside to delist from London exchange
16th October 2024 By: Creamer Media Reporter

Australian oil and gas major Woodside has announced its decision to delist from the LSE, attributing the move to low trading volumes and a goal to lower administrative costs. The company has... 


 Chrystia Freeland
Canada green taxonomy unlikely to include new natural gas sites
10th October 2024 By: Bloomberg

Canada has provided more clarity on what it considers to be homegrown green investments — with new natural gas projects unlikely to make the cut. On Wednesday, Finance Minister Chrystia Freeland... 


Nicky Oppenheimer
Recycle like there’s no tomorrow, big screen at Oppenheimer event urges attendees
9th October 2024 By: Martin Creamer

Recycle like there’s no tomorrow were the urging words flashed across the large screen at the thirteenth Oppenheimer Research Conference, where long-time former diamond mining luminary Nicky... 


Chevron to sell assets worth $6.5bn to Canadian Natural Resources
7th October 2024 By: Reuters

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5-billion, the oil giant said on Monday as it puts in motion its divestiture plan. The... 


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pqt: 0.236s - ct: 0.444s - 384pq - 2rq
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