Saudi Arabia’s oil giant Aramco has announced a partnership with Siemens Energy AG to develop a small-scale direct air capture (DAC) “test unit” in Dhahran, Saudi Arabia, by 2024. DAC technology extracts carbon dioxide (CO2) from the atmosphere for storage or conversion into stone-like formations. However, DAC is an expensive and energy-intensive method of carbon… Continue reading Saudi oil giant Aramco announces pilot project to suck CO2 out of the air, but some scientists are skeptical

Today, Greg Ebel, president and chief executive officer of Enbridge Inc., called on Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of indigenous communities in the country. In a keynote address to the Toronto Region Board of Trade, Mr. Ebel made a case for Canada… Continue reading ENBRIDGE CEO URGES CANADA TO CHAMPION LNG TO REDUCE GLOBAL EMISSIONS AND ENERGY POVERTY

Trillion Energy International Inc. has entered into a contract for acquisition of 2-D seismic data and commenced the oil exploration seismic program for the first of the three Cudi-Gabar oil farm-in blocks. Equipment and staff are currently being mobilized into the M47 c3 and c4 license areas (the “M47 Block”) to drill 3,750 twelve meters… Continue reading TRILLION ENERGY COMMENCES OIL EXPLORATION PROGRAM

Vancouver, BC, Oct. 03, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V:SYH)(OTCQX:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to announce that permits have been received for ongoing exploration activities at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada. Azincourt has received work authorization and permits from the Government… Continue reading Azincourt Energy Receives Permits for Upcoming Programs at East Preston Project

InPlay Oil Corp.’s board of directors has declared a monthly cash dividend of 1.5 cents per common share, payable on Oct. 31, 2023, to shareholders of record at the close of business on Oct. 16, 2023. The monthly cash dividend is expected to be designated as an eligible dividend for Canadian federal and provincial income… Continue reading INPLAY OIL CORP. CONFIRMS MONTHLY DIVIDEND FOR OCTOBER 2023

SAN RAMON, Calif. / HOLLADAY, Utah — September 12, 2023 Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a majority interest in ACES Delta, LLC (ACES Delta), which is a joint venture between Mitsubishi… Continue reading Chevron acquires majority stake in the advanced clean energy storage hydrogen project in Delta, Utah

At first glance, August’s CPI report seems bad news. But look more closely and you’ll find things aren’t as terrifying as they seem.

U.S. equities edge up in premarket trading, while oil prices climb above $90 a barrel for the first time in 10 months.

In this article TSLA MMM CAT AMZN AAPL NVDA C What you need to know today Biggest monthly jump this year The U.S. consumer price index for August rose 3.7% from a year ago and a seasonally adjusted 0.6% for the month, mostly in line with the expected 3.6% and 0.6%, respectively. Though expected, it’s… Continue reading CNBC Daily Open: Don’t worry about August’s hotter-than-expected CPI

West Texas Intermediate crude, the U.S. oil benchmark, has jumped 32% since its lows of the summer, to nearly $89 a barrel.

The Financial Times first reported the move Tuesday. Looney will be replaced on an interim basis by the company’s chief financial officer.

Income strategies are important in an era of high inflation, according to the firm.