Global commodity trading profits topped $100 billion for second-best year everWhile earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009.Bloomberg News | March 18, 2024 | 7:57 am
Industry executives expect the world to reach net zero by 2060 – reportThe 2050 deadline seems too close for 600 executives in…Staff Writer | March 17, 2024 | 7:19 am
China’s big policy meet offers little to excite commodity bullsThe National People’s Congress failed to deliver gains in the…Bloomberg News | March 11, 2024 | 10:07 am
US suspends some sanctions on Venezuelan oil, gas, gold sectors The US also lifted some restrictions on bond trading, after Maduro’s government entered talks with some members of the opposition about open election. Bloomberg News | October 19, 2023 | 8:20 am
Supreme Court of Canada’s ruling leaves resource companies uncertain of environmental regulations on projects Alberta, which wants to see oil and gas projects approved at a faster clip, won a legal case in a provincial court in 2022, challenging the constitutionality of the Impact Assessment Act. Nial McGee, Emma Grany and Wendy Stueck - The Globe and Mail | October 17, 2023 | 1:07 pm
UK risks losing out to Europe in hydrogen energy race In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030 but lack of clarity on subsidies is delaying project approval. Bloomberg News | October 7, 2023 | 12:06 pm
Spotlight still on Vedanta $3 billion debt despite spinoff plan While equity investors gave the demerger plan a thumbs up, Vedanta’s dollar bonds have tumbled. Bloomberg News | October 4, 2023 | 5:48 pm
Trans Mountain pipeline will up Canadian oil production by 375,000 barrels per day — report Over the next two years, according to a new Canadian energy forecast from Deloitte. Nelson Bennett - Business in Vancouver | October 4, 2023 | 4:29 pm
Suncor to buy Total’s Fort Hills stake in $1.07 billion deal The acquisition would add 61,000 barrels a day of net bitumen production capacity and 675 million barrels of proved and probable reserves. Bloomberg News | October 4, 2023 | 3:01 pm
British Columbia’s Tsilhqot’in First Nation publish new policy for mining, oil and gas The policy states the Tsilhqot’in will “consider partnership and ownership opportunities with mining and exploration companies.” Nelson Bennett - Business in Vancouver | October 3, 2023 | 1:41 pm
Once sequestered, CO2 can be turned into methane By wresting the carbon from CO2 sequestered through carbon capture technologies and affixing it to hydrogen atoms, it is possible to form methane. Staff Writer | October 3, 2023 | 6:06 am
What may be the world’s largest white hydrogen deposit discovered by accident White hydrogen is a primary energy source as it is already present in that state in nature. Staff Writer | October 1, 2023 | 10:52 am