A tanker that is set to carry Canada's first cargoes of liquefied natural gas across the Pacific to Asian markets is docked at LNG Canada's berth in Kitimat, B.C. A spokesperson for the project says the GasLog Glasgow is being loaded with LNG produced in B.C. British Columbia Coast Pilots say two of their members boarded the tanker at Triple Island and navigated the vessel on a 15-hour, nearly 300-kilometre journey to Kitimat. LNG is natural gas that has been chilled into a liquid state [Read more]
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US crude oil output hit record in April, EIA data shows
U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, EIA's measure of demand, rose 263,000 bpd month-over-month to 20.21 million bpd in April, the EIA data showed. Gasoline demand rose 145,000 bpd [Read more]
Argentina asks UK court to pause enforcement in $16 bln oil company seizure case
Argentina on Monday urged London's High Court to pause enforcement of a $16 billion-plus United States court judgment over the expropriation of oil and gas company YPF, pending an appeal by the Argentinian government in the U.S. The South American republic was ordered in 2023 to pay minority shareholders around $16 billion resulting from its seizure of a 51% stake in YPF held by Spain's Repsol in 2012, without tendering for shares held by minority investors. Petersen Energia Inversora and [Read more]
US Supreme Court to hear Enbridge’s venue challenge to Michigan’s pipeline case
The U.S. Supreme Court agreed on Monday to hear Enbridge's bid to change the venue of Michigan's lawsuit seeking to force the Canadian pipeline operator to stop operating a pipeline underneath the Straits of Mackinac, waterways linking two of the Great Lakes, over environmental concerns. The justices took up Enbridge's appeal of a lower court's ruling rejecting the company's request to move the case from state court into federal court, a venue generally considered more friendly to defendants in [Read more]
Alberta byelection called for Aug. 18, giving Poilievre path back to House of Commons
OTTAWA - Pierre Poilievre has chosen one of the safest possible places to make his return to the House of Commons — but the rural Alberta riding he's hoping to win in an August byelection could also be dangerous territory for the Conservative leader. Damien Kurek resigned his seat in Battle River—Crowfoot earlier this month after winning more than 82 per cent support in the April 28 election. Prime Minister Mark Carney has set Aug. 18 as the date for the byelection to choose Kurek's [Read more]
Kremlin, asked about US sanctions bill, suggests it would impact Ukraine peace efforts if implemented
The Kremlin said on Monday that it had taken note of comments made by U.S. Senator Lindsey Graham who is sponsoring a tough new sanctions bill on Russia and that its backers should consider its impact on efforts to reach a peace deal on Ukraine. Graham said in an interview with ABC News on Sunday that President Donald Trump had told him that the sanctions bill - which would impose 500% tariffs on countries like China and India that buy Russian oil - should be brought forward for a [Read more]
Kazakhstan may beat its oil output forecast by 2% in 2025, Reuters data shows
Kazakhstan may exceed its previous oil production forecast by around 2% this year following an upgrade to output at its largest Caspian oilfields, Reuters calculations, based on data from state-owned energy company KazMunayGaz, showed. According to calculations, oil output in Kazakhstan may rise this year to around 97.7 million metric tons, or 2 million barrels per day, from a previous projection of 96.2 million tons. Kazakhstan, among the world's 10 biggest oil producers, has persistently [Read more]
US natgas prices slide over 6% on mild weather, lower demand
U.S. natural gas futures fell more than 6% on Monday, pressured by mild weather that kept heating and cooling demand subdued, allowing for larger-than-usual storage injections. The front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) were down 25.3 cents, or 6.8% to $3.49 per million British thermal units (mmBtu) by 10:04 a.m. ET (1404 GMT). The decline marked a weak end to the second quarter, with prices dropping nearly 15% over the three-month period, [Read more]
Why it’s time to repeal the oil tanker ban on B.C.’s north coast
Moratorium does little to improve marine safety while sending the wrong message to energy investors By Will Gibson The Port of Prince Rupert on the north coast of British Columbia. Photo courtesy Prince Rupert Port Authority In 2019, Martha Hall Findlay, then-CEO of the Canada West Foundation, penned a strongly worded op-ed in the Globe and Mail calling the federal ban of oil tankers on B.C.’s northern coast “un-Canadian.”Six years later, her opinion hasn’t changed. “It was bad [Read more]
US energy firms eye new Northeast natgas pipelines, buoyed by Trump and demand outlook
U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years. The U.S. is already the world's top gas producer and exporter of liquefied natural gas. While the country helps meet fuel demand around the world, many consumers in the U.S. Northeast do not have [Read more]
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