Tag Archives: Canada

Canada will propose on Wednesday that one-fifth of all passenger cars, SUVs, and trucks sold in the country in 2026 be electric vehicles (EVs), The Canadian Press reports. The target, part of new regulations by the Environment Ministry, is also expected to mandate that all passenger vehicles sold in Canada …

Russian energy giant Gazprom said Saturday it had asked German group Siemens to return a turbine it has repaired in Canada to ensure the Nord Stream pipeline delivering gas to Europe works. Gazprom started 10 days of maintenance on the Nord Stream 1 pipeline on Monday, with the European Union …

Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada said over the weekend that it had provided a “time-limited and revocable permit” to return the turbine to Gazprom for …

Germany is in talks with Canada over options to export liquefied natural gas (LNG) to Europe via a terminal on Canada’s east coast, a German government official told Reuters yesterday. German Chancellor Olaf Scholz discussed the issue with Canadian Prime Minister Justin Trudeau on the sidelines of the summit held …

QatarEnergy has signed an agreement with ExxonMobil to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada, it said on October 24. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will …

Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States ended the week at 456, representing a one-unit decline from a week ago. The most recent U.S. rig count reflects no change in the number of oil (359) and a one-unit drop …

US oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tons of emissions by …

The project is expected to have an annual energy production of 200,000MWh, which will result in an annual offset of 106,000 tonnes of carbon dioxide.

On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.