CALGARY, AB, July 31, 2025 /CNW/ - Enhance Energy, operator of Alberta's largest carbon capture and storage (CCS) initiative and founding partner of the Alberta Carbon Trunk Line (ACTL) Project, has received regulatory approval (Directive 065) from the Alberta Energy Regulator for its Origins saline aquifer CCS project in central Alberta. The project will enable commercial-scale emissions management for industrial emitters through permanent sequestration of captured [Read more]
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Canada’s economy contracts in May even as some sectors rebound from tariffs
OTTAWA - Canada's economy contracted for a second straight month in May even as some sectors held up in the face of U.S. tariffs. Real gross domestic product fell 0.1 per cent in May, Statistics Canada said Thursday, matching the decline in April. The agency said goods-producing sectors were to blame for the drop, particularly in mining, quarrying and oil and gas extraction. RBC pointed to wildfires in the Prairies temporarily dragging down oil and gas activity. Marc Ercolao, an [Read more]
FERC staff recommend final environmental approval for Rio Grande LNG project
Staff at the Federal Energy Regulatory Commission have recommended Next Decade's Rio Grande LNG project in Brownsville, Texas, receive its final environmental approval, a document showed. The recommendation is a major step forward for the company as it pursues the 18 million metric tons per annum export facility. The project had faced uncertainty after a Washington, D.C. Circuit court last year quashed FERC's prior approval for the plant, saying it failed to issue a supplemental Environmental [Read more]
California imports Saudi Arabian gasoline for first time since 2022
Fuel importers in California have received gasoline from Saudi Arabia's Jubail Industrial Port after maintenance at the world's largest refinery in India helped to open the rare arbitrage opportunity, data from oil analytics firm Kpler showed. Three gasoline shipments totaling about 886,000 barrels from Saudi's Jubail Industrial Port have discharged in recent months at Southern California's Olympus Terminals, according to Kpler. Prior to this, California had not received fuel imports from [Read more]
US oil output rose to fresh record in May, EIA data shows
U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the U.S. Energy Information Administration showed on Thursday. U.S. President Donald Trump has repeatedly called for higher oil production from the country, where output was already at record levels in each of the past two years, and has taken steps to speed up and expand drilling on federal lands. At the same time, [Read more]
Freeport LNG gas flows still curtailed after power outage, LSEG data show
The Freeport LNG export terminal in Texas was running at about half of normal capacity on Thursday following a power interruption that had put the entire plant offline a day earlier, according to data from financial firm LSEG. Freeport LNG is the third-largest liquefied natural gas (LNG) plant in the U.S. and in the past has influenced LNG prices when it had technical challenges. The facility nominated some 1.1 billion cubic feet of natural gas on Thursday, according to the LSEG data, [Read more]
Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure on crude prices and in turn cutting the profits of oil firms. Oscillating tariff policy from U.S. President Donald Trump's administration also added [Read more]
TOP WELL REPORT – June volumes – Baytex at the top of the list…this time it’s NOT the Clearwater – StackDX Intel
Most production data is out for June. BC data has been reported in full, while Alberta has reported oil, condensate, and gas; full Alberta NGL data including pentane and marketable gas is due out in a week or so, while Saskatchewan data should be in imminently. While the June data won’t be considered complete quite yet, it is nonetheless worthwhile to show the data as it stands today. Pentane volumes in Alberta will not be represented yet for June which may affect liquids results, and “gas [Read more]
EU considers pooling demand from companies to buy more US gas
The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 billion over the next three years. Analysts have said that is unrealistically high. The Commission has said it will remain up to private companies [Read more]
TC Energy positioning to capitalize on rising natural gas demand
TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex macroeconomic backdrop. The Calgary-based pipeline operator said Thursday that as earnings grow in the short-term, it's also positioning itself for rising demand for natural gas. "Electrification, coal-to-gas conversions, and the rise of AI and data centres are accelerating the need for reliable, low emission base load [Read more]
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