Biden calls for ‘transition’ from oil, GOP sees opening
Campaign’s climate plan calls for the US to have net-zero greenhouse gas emissions by 2050.
Oil output still down after restoring some COVID cutbacks: CER
Supply slipped by as much as 972,000 barrels per day by mid-May, about 700,000 bpd brought back online by early October.
Oil price stall, global uncertainty prompt caution from energy companies
Analyst says drawdowns are constructive, but the market remains reliant on drastic production cuts from OPEC+ to restore balance.
Trudeau delivers another blow to energy, mining sectors
Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible.
Uncertain future of refinery raises spectre of propane shortages in NL
Irving Oil has abandoned its planned purchase of the plant from its New York owners.
Alberta wants to clear the way for ‘untapped’ geothermal energy
Legislation would set the stage for further development of geothermal energy, which comes from heat beneath the earth.
Discussions about NL oil refinery future ongoing: Premier
Furey recognizes these are difficult and uncertain times for the refinery’s workers.
Suncor Energy will cut 10% to 15% of its workforce over next 18 months
Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.
TC Energy makes $2B offer to take over US pipeline partnership
Buyout of the partnership it doesn’t already own will require the pipeline company to issue as many as 35.2 million shares.
TransAlta, Tidewater selling Pioneer Pipeline to Atco instead of TC Energy
Includes 131 kilometres of operating pipeline that runs from west of Drayton Valley to west of Edmonton.
Pieridae signs Bechtel as engineer, builder of NS LNG export project
Agreed to review the scope and design of the proposed Goldboro LNG facility, develop an EPCC execution plan by March 31.
Shell plan to cut up to 9,000 jobs could result in 100s in Canada
Between 294 and 378 fewer jobs is the energy company’s cuts are proportionate.
Ottawa pitches in $320M to help NL offshore oil sector
The province is creating an oil and gas sector recovery task force.
Muskrat Falls hydroelectric projects links first power unit to Labrador grid
Testing on the first generating unit will continue over the next few weeks.
Offshore workers call on government to stabilize industry
Unifor is calling on the federal and provincial government to make strategic investments in the industry.