Energy Crisis

• Seaborne Russian oil will be price capped at US$60 a barrel, EU nations say

  Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on their insurance take effect.

  World

  Dec 2
  
• Canada’s energy sector bound for investment boom by 2050, experts say

  In recent months, the Canadian oil and gas sector has rolled out a flurry of announcements of proposed projects - from hydrogen plants to renewable diesel facilities.

  Canada

  Oct 26
  
• Advertisement
• 2023 will ‘feel like a recession’ for many, IMF warns in revised global outlook

  The International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.

  Economy

  Oct 11
• Advertisement
• Nord Stream gas supply could resume on single line after leaks stop: Gazprom

  In a statement, Gazprom said the pressure in the three Nord Stream lines had stabilized and it was working to reduce environmental risks.

  World

  Oct 3
• Ukraine war, energy crisis has Canadians more supportive of oil and gas: poll

  Despite support for the oil and gas sector, Canadians remain steadfast in reducing climate change, the Ipsos poll for Global News found.

  Canada

  Sep 22
• Shell CEO to step down as oil giant faces growing energy transition pressures

  Shell is shaking up its CEO chair as the oil and gas sector worldwide faces uncertainty over fossil fuel demand, the war in Ukraine and pressures to transition to clean energy.

  Economy

  Sep 15
• Landlocked: A Global News series exploring Canada’s energy dilemma

  Global News’ new series – Landlocked: Canada’s energy dilemma – will explore in-depth the challenges surrounding Canada's energy sector, and it's impact on Europe's energy crisis.

  Canada

  Sep 12
• U.K. to cap domestic energy prices, end fracking ban: Liz Truss

  Liz Truss also said she will approve more North Sea oil drilling and lift a ban on fracking in a bid to increase the U.K.’s domestic energy supply.

  World

  Sep 8
• Advertisement
• EU proposes price cap on Russia gas as Putin threatens to cut off energy supplies

  Speaking earlier at an economic forum in Vladivostok, Putin anticipated the move, warning that supply contracts could be ripped up

  World

  Sep 7
• Advertisement
• Nord Stream 1 restart depends on Siemens Energy, Russia’s Gazprom says

  Nord Stream 1, which runs under the Baltic Sea to Germany, is by far the biggest Russian gas pipeline to Europe, carrying up to 59.2 billion cubic meters of gas per year.

  World

  Sep 6