Mexico shale oil proven reserves amount to 13 billion barrels. Pemex has drilled in Mexico shale reserves, but produced little Reuters reports that Mexico is hoping to hold its first shale oil and gas auction [Read more]
Oil prices steadied during trading on Wednesday, despite data from the US Energy Information Administration showing a 6.8 million barrel rise in US crude stocks. Nexen photo. Oil prices recover during session despite 6.8 million [Read more]
Analysts say BP likely to approve fields in Mauritania, Angola and India. The company says it will only approve projects that make money even if oil prices drop. BP increasing production by drilling new wells [Read more]
Oil sands production costs have fallen significantly since 2014 price crash, ensuring companies are competitive in global markets Oil sands production growth will continue through the next decade but a slowdown is anticipated with investment [Read more]
Suncor is implementing the use of autonomous haulage systems (AHS) at company-operated mines, starting with the North Steepbank mine. Over the next six years, the company expects to deploy more than 150 autonomous haul trucks [Read more]
Is it time for Canada to take over complete oversight of Trans Mountain Expansion, including having the RCMP enforce federal decisions? If Prime Minister Justin Trudeau had any illusions that BC Premier John Horgan might [Read more]
“Action announced by B.C. government can only be seen for what it is: political game-playing” The British Columbia provincial government is proposing a second phase of regulations to “improve preparedness, response and recovery from potential [Read more]
Nikola Motor Company building 500-acre facility near Phoenix. Nikola Motor Company photo. Nikola Motor joins race to build semi trucks that run on alternate-fuels On Tuesday, Nikola Motor Company unveiled its plans for a $1 [Read more]
Oil prices fell in trading on Tuesday on a rising US dollar and increasing US crude production. US oil prices down 1.5 per cent Oil prices fell for a second day on Tuesday on concerns [Read more]
Exxon says it will increase its investment in West Texas and New Mexico shale operations. Zuma Press photo by Joel Angel Juarez. Exxon CEO credits changes in taxes, regulations for rising investments Reuters reports Exxon [Read more]
57 per cent of respondents felt “positive” or “very positive” about wind turbines located near their homes. Creative Commons photo by Samir Luther. Over 1.3 million US homes located near wind turbines A study led [Read more]
Farmers grow Carinata seeds with same equipment as wheat and canola Honeywell announced that Qantas Airlines operated a 13,000-km flight from Los Angeles to Melbourne, Australia using Honeywell Green Jet Fuel™, according to a press release. The flight was the first [Read more]
In the current slump, drilling costs have recovered more slowly than normal as the market has absorbed a huge number of idled rigs. Apache photo. Drilling costs up over 10 per cent since November 2016 [Read more]
70% of Trinidad revenue generated by operations outside Canada Trinidad Drilling Ltd. has announced it’s moving eight rigs to the Permian Basin, TX to meet increased customer demand, according to a press release. The rigs [Read more]
As of 2016, 670,000 of 977,000 producing wells in the United States were hydraulic fractured and horizontally drilled In 2016, hydraulically fractured horizontal wells accounted for 69 per cent of all oil and natural gas [Read more]
Dual-fuel generators can now specify the percentage of fuels they plan to use and the costs for each fuel The bomb cyclone weather event in early Jan. 2018 resulted in record levels of U.S. natural gas demand [Read more]
Oil prices slipped in trading on Monday as the US dollar recovered from last week’s losses. QEP Resources photo. Oil prices down 1.5 per cent Monday Oil prices fell over one per cent as a [Read more]
Capital spending in the Canadian shale play and other non-oil sands projects is expected to hit $33 billion this year, outpacing oil sands capital spending. Encana photo. Canadian shale could lure new investment A growing [Read more]
During the first year of the Trump presidency, we have seen a dizzying number of new state-based declarations of intent to maintain and expand on prior climate commitments. New York Times photo by Luke Sharrett. [Read more]
The alternative route imposed on TransCanada for the Keystone XL pipeline will likely add between $80 million and $160 million to the $8 billion project. Madville Times photo by Bret Clanton. Keystone XL decision pending [Read more]
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