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  • Apr 18, 2024

      Show headlines and story abstract
    • 11:33AM ET on Thursday Apr 18, 2024 by MT Newswires
      Companies Mentioned: QST
      11:33 AM EDT, 04/18/2024 (MT Newswires) -- Questor Technology (QST.V) on Thursday reported a fourth-quarter loss of C$891,982 or C$0.03 per share, wider than a loss of C$890,370, or C$0.03, a year earlier. Revenue for the quarter fell to $1.4 millio...
    • 7:13AM ET on Thursday Apr 18, 2024 by Dow Jones
      Companies Mentioned: QST

      On December 2, 2023 the Environmental Protection Agency (EPA) in the US issued a final rule to reduce emissions of methane and other harmful air pollution from oil and natural gas operations. This includes New Source Performance Standards (NSPS) to reduce methane and smog-forming volatile organic compounds pursuant to the Clean Air Act. This final rule is effective on May 7, 2024. The EPA is also cracking down on toxic emissions from more than 200 chemical plants as part of a broader effort to reduce cancer cases. Similarly, on November 15, 2023, the European Commission, European Parliament and Council of the European Union, finalized groundbreaking methane import standards to address methane emissions from imported oil and gas. These new standards will have a significant global impact on the industry. The production and operations of any company that exports to the EU will have to adopt these standards in addition to their own local emission regulations. In 2022, Europe imported more oil and related products than any other region across the globe, at roughly 14.4 million barrels per day(1) . The EU's biggest suppliers of crude oil are the United States, Norway, and Kazakhstan(2) . As a result, Kazakhstan and the US will face significant pressure to reduce flaring and venting in their oil producing regions to meet the standards, particularly in areas where significant volumes of gas are being flared. As far as liquefied natural gas is concerned, the United States was the EU's leading supplier in the second quarter of 2023, with a share of 46% in total EU imports followed by the Middle East and North Africa at 21% and Nigeria at 5%(3) . India is the largest supplier of refined fuels to Europe(4) .
    • 7:00AM ET on Thursday Apr 18, 2024 by GlobeNewswire
      Companies Mentioned: QUTIF
    • 7:00AM ET on Thursday Apr 18, 2024 by Dow Jones
      Companies Mentioned: QST

      On December 2, 2023 the Environmental Protection Agency (EPA) in the US issued a final rule to reduce emissions of methane and other harmful air pollution from oil and natural gas operations. This includes New Source Performance Standards (NSPS) to reduce methane and smog-forming volatile organic compounds pursuant to the Clean Air Act. This final rule is effective on May 7, 2024. The EPA is also cracking down on toxic emissions from more than 200 chemical plants as part of a broader effort to reduce cancer cases. Similarly, on November 15, 2023, the European Commission, European Parliament and Council of the European Union, finalized groundbreaking methane import standards to address methane emissions from imported oil and gas. These new standards will have a significant global impact on the industry. The production and operations of any company that exports to the EU will have to adopt these standards in addition to their own local emission regulations. In 2022, Europe imported more oil and related products than any other region across the globe, at roughly 14.4 million barrels per day(1) . The EU's biggest suppliers of crude oil are the United States, Norway, and Kazakhstan(2) . As a result, Kazakhstan and the US will face significant pressure to reduce flaring and venting in their oil producing regions to meet the standards, particularly in areas where significant volumes of gas are being flared. As far as liquefied natural gas is concerned, the United States was the EU's leading supplier in the second quarter of 2023, with a share of 46% in total EU imports followed by the Middle East and North Africa at 21% and Nigeria at 5%(3) . India is the largest supplier of refined fuels to Europe(4) .

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