Gas
Rev Exploration Targets Helium and Natural Hydrogen at Alberta-Montana Border
Wildcatting for standard fossil fuels might feel like yesterday's story, but the race to secure domestic helium and natural hydrogen is rapidly becoming the main event across the Northern Great Plains.
The $22 Billion Feedgas Play: Shell Inks Megadeal for ARC Resources’ Decades of Natural Gas Inventory
The Canadian energy patch just experienced the equivalent of a tectonic shift. On a seemingly ordinary April morning, global energy titan Shell plc (LSE: SHEL) announced it was swallowing up top-tier producer ARC Resources Ltd. (TSX: ARX) in a mammoth …
Crude Moves: Oil Execs Fill Up on Their Own Stock
In a sharp and unexpected turn, insider buying in the Canadian oil and gas sector has soared to levels not seen in half a decade. According to data tallied by BMO Capital Markets, executives and board members have poured over $54 million into their own …
Oil Prices Spike as Tensions Rise—Why Oil Stocks Are a Safe Bet
Oil prices are surging, and the rally shows no signs of slowing down as geopolitical tensions in the Middle East escalate. Last week, crude oil futures (CL=F) surged by 9%, marking the biggest weekly gain since March 2023. This sudden rise in oil prices comes …
Harris and Trump Clash Over Natural Gas Policies in Crucial Battleground State
Natural gas producers in Pennsylvania, a key battleground state in the 2024 presidential election, are seeking clarity from Democratic candidate Kamala Harris on her position regarding natural gas. Pennsylvania, the second-largest producer of natural gas in …
EU Increases LNG Imports from Russia
Despite the ongoing conflict in Ukraine and multiple sanctions against Russia, EU member states have increased their imports of Russian Liquefied Natural Gas (LNG) in 2023. According to the non-governmental organization Global Witness, imports rose by 40% in …
Russia's oil and gas revenues: Drastic slump
Russia's oil and gas industry, which serves as the country's main source of financing, is experiencing a drastic slump in revenues. This is mainly due to lower prices for raw materials on the world market and the EU embargo and price cap. In addition, Russia …
Romania aims for top position as EU natural gas producer
Romania plans to become the largest natural gas producer in the European Union (EU). Energy group OMV Petrom has been given the green light for a multi-billion euro gas project in the Black Sea. Together with the state-owned Romanian gas producer Romgaz, OMV …
Shell and Equinor earnings exceed forecasts
Energy giants Shell and Equinor beat their first-quarter earnings expectations. Both companies used leverage from their trading divisions to offset lower oil and gas prices. The trend continues in the industry after Exxon Mobil, Chevron and BP also posted …
E.ON: Germany on the way to the 2030 hydrogen target
German energy company E.ON has given a more optimistic assessment of the green hydrogen market in an update to its report. Germany is aiming to reach a capacity of 10 gigawatts of green hydrogen by 2030. This energy is to be produced from renewable sources …