Saudi Arabia on Saturday ousted longtime energy minister Ali Al-Naimi and promoted Khalid Al-Falih, who chairs the country’s national oil company, a move not expected to upend the country’s policy to allow markets — and not shut-ins — to rebalance prices.
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Long-Time Saudi Oil Chief Departs, But Energy Policy Said Unlikely to Change
Saudi Arabia on Saturday ousted longtime energy minister Ali Al-Naimi and promoted Khalid Al-Falih, who chairs the country’s national oil company, a move not expected to upend the country’s policy to allow markets — and not shut-ins — to rebalance prices.
Japan, Canada Plan LNG Talks
Japan and Canada will engage in talks over the potential for future exports of liquefied natural gas (LNG) from Canada to Japan, Japanese Prime Minister Shinzo Abe told reporters in Ottawa on Tuesday, Bloomberg reported.
Japan Seeks to Join Trade Pact
Japanese Prime Minister Shinzo Abe said his country wants to be included in the Trans-Pacific Partnership (TPP), which could hasten the export of liquefied U.S. gas to Japan. TPP currently encompasses 11 nations in Asia and the Americas. Randy Bhatia, an analyst with Capital One Southcoast, said Japan’s membership in TPP could boost efforts to export LNG to the country.
Quebec Panel: Use Labs, Not Wells, to Test Fracking
A committee appointed by Quebec’s environment minister to study hydraulic fracturing (fracking) said the practice requires further study and recommended against authorizing any test wells that would conduct fracking for research purposes.
North American Leaders Vow to Cooperate on Energy
At a summit in Washington, DC, Monday, President Obama, Canadian Prime Minister Stephen Harper and President Felipe Calderon of Mexico pledged to promote greater energy cooperation among the countries.
Polish Official Predicts Shale Gas Production in 2014, Visits Marcellus
Days after visiting natural gas operations in the Marcellus Shale, Poland’s treasury minister said commercial shale gas production may begin in his country in 2014.
New Brunswick Legislators Use ‘Free Vote’ to Back Shale Gas
A nonbinding “free vote” to support responsible gas development in the emerging Frederick Brook Shale in New Brunswick passed the Legislative Assembly along party lines Tuesday (Dec. 12), erasing fears that support for shale gas could be cracking among the governing Progressive Conservatives.
Canada to Europe: Classify Oilsands Fairly
Canada’s natural resources minister said his government is committed to seeing the Keystone XL Pipeline become a reality, and rebuked a possible effort by European officials to target the country’s oilsands by labeling it as a dirtier form of energy.
Canadian Official Warns Europe: Don’t Mess With Oilsands
Canada’s natural resources minister said his government is committed to seeing the Keystone XL Pipeline become a reality, and rebuked a possible effort by European officials to target the country’s oilsands by labeling it as a dirtier form of energy.