This post was originally published on this siteNov 18, 2021 (Bloomberg) The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the shift to renewables in Canada, according to some of the bankers helping oil-sands producers navigate that transition. That’s because, for all the doubt that’s […]

This post was originally published on this siteThe pier at Dominion’s Cove Point liquefied natural gas (LNG) plant on Maryland’s Chesapeake Bay is seen in this picture taken February 5, 2014. REUTERS/Timothy Gardner/File Photo Nov 18 (Reuters) – U.S. natural gas futures gained about 3% on Thursday as liquefied natural gas (LNG) exports climbed to

This post was originally published on this siteNov 18, 2021 (Bloomberg) The leaders of the U.S., Canada and Mexico will hold their first in-person meeting since President Joe Biden’s election on Thursday, with skirmishes looming over energy and trade as the nations emerge from the pandemic.Biden will host Canadian Prime Minister Justin Trudeau and Mexican President

This post was originally published on this siteNov 17, 2021 (Bloomberg) Demand for coal will remain strong for at least two more decades even as nations take action to decarbonize, according to New Hope Corp., a major Australian exporter.“Many communities, particularly the large cities of Asia, will require coal for affordable and accessible base load energy

This post was originally published on this siteNov 18, 2021 (Bloomberg)  Mark Siffin’s love affair with the Permian era started when he was a teenager on a surfboard in Hawaii. He was bobbing off the coast of Oahu when Diamond Head, the state’s most recognizable landmark, caught his eye. Its formation, the product of a

This post was originally published on this siteNov 18, 2021 (Bloomberg) With the biggest member of the world’s No. 1 oil cartel readying its first-ever green bond, sustainable investors are debating what to make of it. Saudi Arabia’s plan to enter the market for green bonds marks a watershed moment. Some investors say it represents an

This post was originally published on this siteNov 18, 2021 (Bloomberg) Oil steadied near a six-week low as China said that it’s carrying out work on a release of crude from strategic reserves.West Texas Intermediate recouped earlier losses to trade above $78 a barrel. The move suggests that China and the U.S. — the world’s two biggest oil

This post was originally published on this siteNov 17, 2021 (Bloomberg) President Joe Biden and his Chinese counterpart Xi Jinping discussed the merits of releasing oil from their strategic petroleum reserves to ensure stability in global energy markets.Monday’s virtual summit didn’t make any decisions on the issue and both sides put forward their own views on

This post was originally published on this siteNov 17, 2021 (Bloomberg) Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on Wednesday, during a robust government auction that underscored the industry’s appetite for new crude as the White House seeks to shifts the U.S. away from fossil fuels.Analysts said bidding was driven

This post was originally published on this siteNov 17, 2021 (Bloomberg) Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor. The oil explorer faced no competition for the leases across underwater hills and valleys