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.
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Canadian oil and gas pipeline company TC Energy Corpsaid on Tuesday it expects adjusted core earnings for 2024 to be 5% to 7% higher than 2023.
Brent crude futures were up 79 cents, or 1%, at $80.77 a barrel by 1131 GMT. U.S. West Texas Intermediate (WTI) crude gained 76 cents, or 1%, to $75.62.
OPEC will hold an online meeting at 1000 GMT on Thursday, an OPEC source said, ahead of OPEC+ gatherings later in the day to decide oil production policy.
OPEC Secretary-General, Haitham Al Ghais, on Monday accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy, Reuters reports.
Turkey signals readiness to resume oil exports from Iraqi Kurdistan, with negotiations underway to restart the flow through Ceyhan port.
The federal government is poised to announce new regulations and funding around methane – a greenhouse gas that’s 85 times more potent than carbon dioxide – heading into COP28 on Thursday.
Russia’s oil trading with Asia has boomed since the Ukraine conflict, but one of its lucrative routes faces a challenge because of difficulties paying for fuel in currency other than dollars.
United States projected to extract 12.9m barrels of crude oil as countries at Cop28 to push for agreed fossil fuels ‘phaseout’.
Fast growth in China's renewable energy sector to meet climate goals is being undermined by continued coal capacity expansion and a rapid rise in energy consumption, a report said on Monday.
The implementation of Nigeria’s 2024 budget will this week face a major test as negotiations between the country and the Organisation of Petroleum Exporting Countries (OPEC) to raise oil output allocation for next year continue.
Sri Lanka is trying to find a way out of a clause which allowed India to block petroleum development in Trincomalee, according to an agreement signed on a tank farm, Energy Minister Kanchana Wijesekera said.
The premier of Alberta said her government intends to move an act on Monday to shield provincial power companies from proposed federal clean electricity regulations.
OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone a pivotal meeting, as it reviews the demands made on African members by an earlier deal.
India will start blending compressed biogas with natural gas to boost domestic demand and cut reliance on natural gas imports, the government said in a statement.
Price for the January 2024 agreement on the exportation of Brent crude oil has decreased by USD 0,84 or 1,03% to stand at $80.58 for a barrel.
Canadian oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines, with the Trans Mountain oil pipeline expansion due to open.
A new survey reports the majority of engaged Canadian women support the production of Canadian oil and gas in a cleaner and more responsible way.
OPEC and its allies including Russia will hold their next meeting on Nov 30 virtually, the group said on Thursday.
Indian Oil Corp, the country's top refiner, aims to double the capacity of its liquefied natural gas (LNG) import terminal at Ennore, Sandeep Jain, the company's executive director for gas business, said.