Permex Petroleum Provides Update Regarding Management Cease Trade Order
March 13, 2024
Vancouver, British Columbia–(Newsfile Corp. – March 13, 2024) – Permex Petroleum Corporation (CS…
Lithium ION Energy Announces Debt Settlement and Grant of Stock Options
March 13, 2024
Toronto, Ontario–(Newsfile Corp. – March 13, 2024) – Lithium ION Energy Limited (TSXV: ION) (OTC…
North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2023
March 13, 2024
ACHESON, Alberta, March 13, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NAC…
US grants $750 million for hydrogen projects across 24 states
March 13, 2024
Nasdaq WASHINGTON – The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as
Cerilon and Chevron Enter into Technology Licensing Agreements for the Production of Superior-Quality Group III+ Base Oils and Ultra-Low Sulphur Diesel at its Gas-To-Liquids (GTL) Facility in Williams County, North Dakota
March 13, 2024
Calgary, Alberta–(Newsfile Corp. – March 13, 2024) – Cerilon is pleased to announce the signing …
BP and ADNOC suspend $2-billion Israel gas deal as Gaza war continues
March 13, 2024
Oil Price BP and the Abu Dhabi National Oil Company (ADNOC) have suspended talks to buy a 50% stake in Israel’s natural gas producer NewMed, due to uncertainty in the region, the Israeli company said on Wednesday. In March 2023, BP and the national oil company of one of the leading Middle Eastern oil and gas producers, the United Arab Emirates (UAE), offered
Shell plans to cut 20% of jobs in its M&A unit
March 13, 2024
Oil Price The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, unnamed sources familiar with the plans have told Bloomberg. Shell has been saying for months that it is pursuing a leaner
OPEC says IEA commentary on oil security encouraging
March 13, 2024
Nasdaq DUBAI – Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscored the importance of oil security, while the two remained far apart on the demand outlook. The commentary by the IEA, which advises industrialised countries, follows clashes between it and OPEC in recent years over issues such
Biden’s SPR gamble sparks debate over U.S. energy security
March 13, 2024
Oil Price The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher. The SPR consists primarily of several large underground salt caverns for storage located along the Gulf Coast in Texas and Louisiana. These sites were chosen based on their geologic stability and
Oil rises 2% on supply disruptions in Russia, U.S
March 13, 2024
Yahoo Finance HOUSTON -Oil prices rose about 2% on Monday on concerns over global energy supplies following a Ukrainian drone strike on Russia’s Novatek fuel terminal and as extreme cold weather continued to hamper U.S. crude production. Brent March crude futures settled at $80.06 a barrel, up $1.50, or 1.9%. Front-month U.S. West Texas Intermediate crude futures contract (WTI) for
Suncor, Fort McKay First Nation partner on prospective oil sands development on Canadian reservation land
March 13, 2024
World Oil (WO) – Fort McKay First Nation and Suncor signed a Memorandum of Understanding (MOU) on a prospective oil sands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory. “With this agreement, we are creating the conditions for sustainable prosperity, growth and health for our
U.S. crude oil inventories increase by 1.5 million barrels
March 13, 2024
Weekly Crude Oil Storage as of March 8, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.5 million barrels from the previous week. At 447.0 million barrels, U.S. crude oil inventories are 3% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage
