Energy Plug Announces First Clean Energy Partnership with Ximen Mining
December 29, 2023
Vancouver, British Columbia–(Newsfile Corp. – December 29, 2023) – Energy Plug Technologies Cor…
Tethys Petroleum Press Release: Corporate Update
December 29, 2023
Grand Cayman, Cayman Islands–(Newsfile Corp. – December 29, 2023) – Tethys Petroleum Limited (TS…
Parkit Announces Grant of Options
December 29, 2023
Toronto, Ontario–(Newsfile Corp. – December 29, 2023) – Parkit Enterprise Inc. (TSXV: PKT)…
Unpacking the top energy stories of 2023
December 29, 2023
Oil Price Following last year’s chaos in the energy sector, there were fewer big energy stories in 2023. I think there was one really big story that is yet well-known, and then a big drop after that. There were major geopolitical events, but they didn’t impact the energy markets the way they did a year ago. I believe the top
Biden administration purchases 3 MMbbl of U.S.-produced oil for Strategic Petroleum Reserve
December 29, 2023
World Oil (WO) — On Dec. 26, the U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 3 MMbbl of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR). According to a press release, the contracts awarded for a March delivery follow the Request for Proposal (RFP) that was announced
Biden gives Louisiana power to approve carbon capture projects
December 29, 2023
Oil Price The U.S. Environmental Protection Agency (EPA) has formally granted Louisiana state primacy in the permitting and regulation of carbon capture projects, in a setback for environmentalists who claim these projects are an excuse to approve more operations that emit more greenhouse gases. In most other U.S. states, EPA has the permitting authority for carbon capture wells and projects. Louisiana has
Reuters claims OPEC facing significant market share loss
December 29, 2023
Oil Price OPEC could potentially face further loss of market share in early 2024 following the recent departure of Angola, weakening demand and rising output by non-OPEC producers, Reuters claims, based on its own calculations. Reuters reports that OPEC’s production is set to slip below 27 million barrels per day (bpd) without Angola, good for less than 27% of the
QatarEnergy to supply crude oil to Shell for five years in “first ever” contract agreement
December 29, 2023
World Oil (WO) – QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). The agreement stipulates the supply of up to 18 MMbbl per annum of Qatar Land and Qatar Marine crude oils to Shell starting January 2024. QatarEnergy and Shell have a long-standing strategic partnership through several shared investments in the
Slow demand set to keep oil price near $80/b in 2024, Reuters poll shows
December 29, 2023
Nasdaq Dec 29 (Reuters) – International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support. The analysts questioned whether the Organization of the Petroleum Exporting Countries and allies (OPEC+) would be able to sustain supply cuts to support
Oil prices to end year 10% lower as demand concerns snap winning streak
December 29, 2023
CNBC Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 44 cents, or 0.6%, at $77.59 a barrel on Friday, the last trading day of 2023, while the U.S. West Texas Intermediate
Canter Secures DTC Eligibility and Provides Year-End Corporate Updates
December 29, 2023
Vancouver, British Columbia–(Newsfile Corp. – December 29, 2023) – Canter Resources Corp. (CSE:…
