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Market Outlooks

Canada positioned to be a maritime decarbonization trailblazer, study reveals

Canada could reap numerous benefits from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels, according to a new study from global sustainable development consultancy Arup carried out in partnership with Lloyd’s Register (LR) Maritime Decarbonisation Hub

about 3 years ago

Market Outlooks

World Energy GH2 acquires Port of Stephenville to serve as hub for green hydrogen and ammonia shipping

Newfoundland and Labrador-based renewable energy company World Energy GH2 Inc. has acquired the Port of Stephenville, located on the West coast of Newfoundland, Canada. The port is a critical piece of infrastructure as World Energy GH2 works to advance green energy projects in Atlantic Canada which

about 3 years ago

G7 meeting; Source: International Energy Agency (IEA)

Market Outlooks

G7 upping the green and low-carbon ante while gas is still king of energy throne

The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.

about 3 years ago

FortisBC to expand its Tilbury LNG storage

Market Outlooks

FortisBC to invest over $155 million in energy efficiency programmes in 2023

North American FortisBC Energy and FortisBC have received approval from the British Columbia Utilities Commission to invest more than $155 million into conservation and energy efficiency programmes in 2023. According to FortisBC, the majority of the funds, $141 million, are earmarked to support gas

about 3 years ago

Oil barrels (illustration); Source: Equinor

Market Outlooks

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago

Market Outlooks

US, Canada, and Mexico to boost clean hydrogen market in North America

The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions re

about 3 years ago

Market Outlooks

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago

Market Outlooks

Eight new wells in Trillion’s next year plan

Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ

about 3 years ago

Market Outlooks

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago

Market Outlooks

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago

More North Sea rigs heading for greener pastures next year, says Westwood

Market Outlooks

More rigs exiting North Sea next year, despite semi-sub activity picking up in 2022, says Westwood

Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.

about 3 years ago

Market Outlooks

Canadian LNG exports to Asia could cut emissions by the equivalent of removing all vehicles from Canadian roads, new study shows

Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads, according to a new study from energy research and consultancy firm Wood Mackenzie. The study, commissioned by the Canadian Energy Centre, coincides w

about 3 years ago

Market Outlooks

TransGlobe shareholders urged to vote for merger with Vaalco

TransGlobe shareholders are being encouraged to vote in favour of the proposed business combination with Vaalco.

about 4 years ago

Market Outlooks

Canada and Germany sign transatlantic hydrogen supply deal

During the first official visit by German Chancellor Olaf Scholz to Canada, the two countries signed a hydrogen pact to establish a transatlantic green hydrogen supply chain.

about 4 years ago