Canada’s Saskatchewan province has removed the national fuel emissions charge, or carbon tax, from state-provided electric and natural gas heating, in a relief for families during the winter.
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OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the COVID-19 pandemic on the back of output cuts and member Angola's exit, according to Reuters calculations and data from forecasters.
Canadian oil producers Canadian Natural Resources and MEG Energy are urging the country's energy regulator to approve Trans Mountain Corp's latest request for a change to building its pipeline expansion, saying timely completion is critical.
Canada on Wednesday signed its first deal to backstop future carbon prices, a step that would help bring price certainty to firms looking to invest in carbon capture and storage projects that are key to cutting emissions.
Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
Canada's reaction to the global agreement to transition from fossil fuels is mixed, with environmentalists concerned about potential climate change loopholes and some industry players embracing carbon capture technologies.
Several energy stakeholders have voiced their disagreement with Canada’s proposed greenhouse gas emissions cap, with some calling it effectively a limit on oil and gas production for the nation.
OPEC's top Arab energy ministers arrived in Doha on Monday for the 12th Arab Energy Conference as countries clash at the UN's COP28 climate summit over a possible agreement to phase-out fossil fuels.
Refinery reservoirs located in eastern Iran's Birjand special economic zone have caught fire on Sunday, according to Iran's state media.
Canada plans to introduce a cap-and-trade system to encourage oil and gas companies to reduce emissions by 38% by 2030, despite opposition from industry groups and some fossil fuel-producing provinces.
Canada plans to unveil a framework for its long-awaited oil and gas emissions cap at the United Nations COP28 climate summit in Dubai, the only major only-producing country developing such a policy.
The stand here put it at odds with the emerging consensus for moving away from fossil fuels and in the company of China as well as oil-producers Saudi Arabia, Russia and Iran.
Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.
COP28 marks both a milestone in the ongoing negotiations on the future of our planet and a moment of pride for OPEC as it takes place in one of our member countries, the UAE.
The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change.
The Canada Energy Regulator approved preliminary interim tolls for the expanded Trans Mountain pipeline system, allowing the project to begin charging for shipping services once operations start.
Executives and senior leaders from Canada's oil and gas sector are heading to Dubai for the upcoming United Nations COP28 climate talks, eager to tell the world they are doing what they can to reduce greenhouse gas emissions.
Canadian oil sands producers will start making final investment decisions on their proposed C$16.5 billion ($12.03 billion) carbon capture and storage project from mid-2025 onwards, the president of the Pathways Alliance said.
India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp.
Canada's government will present legislation this month to start paying subsidies for carbon capture and net-zero energy projects, part of a plan to worth around $20 billion over five years.