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Home2018May

Month: May 2018

teapot refiners
News

Exxon hopes to woo China’s independent (“teapot”) refiners

May 31, 2018 Energi Staff

ExxonMobil sent its global oil marketing team to China this week in an effort to gain access to independent, or teapot refiners who are big foreign crude buyers in the world’s largest oil importing country. [Read more]

pipelines
Opinion

Opinion: Reconciling pipelines with Canada’s climate goals

May 31, 2018 Energi Staff

Canada could use economic gains from higher oil production and more exports as a result of pipeline construction to help reduce GHG emissions abroad.  Ongoing peat fires in Indonesia emit more GHGs than all of [Read more]

oil prices
Financial

Oil prices down despite drop in US crude stocks, futures under pressure

May 31, 2018 Energi Staff

Oil prices fell in trading on Thursday despite larger-than-expected declines in US crude stocks.  Rising US production has increased the discount between Brent and WTI to over $10/barrel. Apache photo. US oil prices down just [Read more]

Markham on Energy

Economists say there’s an excellent business case for Trans Mountain Expansion pipeline

May 31, 2018 Markham Hislop

Regulated tolls, fully subscribed shippers, 15-20 year guaranteed contracts, demand in Asia and other markets, equals solid business case for Trans Mountain operation Did Ottawa negotiate a good deal with Kinder Morgan Canada or was [Read more]

aluminium
Politics

US imposes tariffs on Canadian aluminium, negative effects expected on North American value chain

May 31, 2018 Markham Hislop

“The U.S. administration should reconsider its actions and provide Canada with a permanent exemption” – Simard The U.S. administration has announced that Canada’s exemption from the 10 per cent aluminium tariff is lifted as of June 1 and the tariff [Read more]

US emissions standards
USA

Transportation Dep’t looks to freeze US emissions standards after 2020

May 31, 2018 Energi Staff

Under the Transportation Department’s proposal, California would not be able to set stricter US emissions standards implemented than the federal government.  AFP/Getty photo by Mark Ralston.   US emissions standards would stay at 2020 levels through [Read more]

US oil production
News

US oil production hits record-high 10.47 million b/d in March

May 31, 2018 Energi Staff

According to the United States Energy Information Administration, US oil production reached a record high of 10.47 million barrels per day in March.  Anadarko photo. US oil production up 215,000 b/d in March Data from [Read more]

Canada

Government of Canada invests in world-leading clean technology in Alberta, BC

May 31, 2018 Markham Hislop

$10 million to MEG Energy of Calgary to improve bitumen recovery in mining while reducing GHG emissions, water consumption The Government of Canada is contributing $26.34 million towards the development of technologies that lead to less pollution, [Read more]

battery
Innovation

Strong policy and falling battery costs drive another record year for electric cars – IEA

May 31, 2018 Markham Hislop

EV growth largely driven by government policy, including public procurement programmes, financial subsidies The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% increase compared with [Read more]

Innovation

Siemens, Northvolt partner in next generation of lithium-ion battery production

May 31, 2018 Markham Hislop

Once completed in 2020, Siemens intends to purchase batteries from the factory, making Northvolt a preferred supplier Siemens and Northvolt announced a partnership for the development of best-in-class technology to produce high-quality, green lithium-ion batteries, [Read more]

oil prices
Financial

Oil prices up on supply concerns, weaker US dollar

May 30, 2018 Energi Staff

After a significant drop in oil prices early in the week, values climbed on Wednesday on tight global supplies, a forecast of a drop in US crude stocks and a weaker US dollar.  Linn Energy [Read more]

MidAmerican Energy
Innovation

Warren Buffett-owned utility MidAmerican Energy to reach 100% renewable energy by 2020

May 30, 2018 Energi Staff

MidAmerican Energy says that once its Wind XII project is complete, the utility will generate renewable energy equal to 100 per cent of its customers’ usage.  MidAmerican Energy photo. MidAmerican Energy will hit target without [Read more]

oil prices
Opinion

Opinion: Over-extended oil prices were primed for a fall

May 30, 2018 Energi Staff

A closer look at the market revealed plenty of signs the oil prices rally might be running out of momentum and was becoming increasingly vulnerable to a correction.  Anadarko photo. Plenty of forewarning that oil [Read more]

Opinion

Opinion: US wind turbine database makes energy data a breeze

May 30, 2018 Energi Staff

The updated US wind turbine database released by the US Department of Energy and the US Geological Survey allows the public to view data on the location and characteristics of wind turbines. VisitTehachapi.com photo.  US [Read more]

EU
News

Europe finding opportunity in the energy transformation – IRENA

May 30, 2018 Markham Hislop

In 2017, the EU was second largest market for renewables in the world As European Commissioner for Climate Action and Energy, Miguel Arias Cañete is tasked with accelerating the deployment of renewable energy in the [Read more]

nuclear innovation
Innovation

Canada, USA, and Japan launch nuclear energy innovation initiative

May 30, 2018 Markham Hislop

Nuclear energy produces nearly 1/3 of the world’s emissions-free electricity At the 9th Clean Energy Ministerial(CEM) meeting, a new nuclear innovation partnership was announced under the leadership of the United States, Canada, and Japan, according [Read more]

saskatoon
Canada

Saskatoon, Transport Canada, supporting connected and automated vehicles project

May 30, 2018 Markham Hislop

 $25K going to City of Saskatoon for project to support capacity building on connected and automated vehicles Connected and automated vehicles will bring about significant transformation in our transportation system, our communities, and our economy. [Read more]

USA

US electric power sector consumption of fossil fuels at lowest level since 1994

May 30, 2018 Markham Hislop

CO2 emissions from coal were more than double those from natural gas in 2017 Fossil fuels consumption in the electric power sector declined to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level [Read more]

economic
Canada

Weaker economic growth forecast for all provinces in 2018 – CBOC

May 30, 2018 Markham Hislop

BC economy forecast to advance by 2.6%, Alberta by 1.9%, Saskatchewan by just 1.3% All provinces can expect slower economic growth this year as a number of factors—ranging from uncertainty over NAFTA, stalled oil pipeline [Read more]

hedge funds
News

Opinion: Oil prices tumble as hedge funds quit crude

May 29, 2018 Energi Staff

Hedge funds and other money managers reduced their net long position in the six major petroleum futures and options contracts in each of the five weeks to May 22 by a total of 108 million [Read more]

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In the Spotlight

Huge battery plant subsidies are price Canada pays for lagging in clean energy industry

by Markham Hislop in Markham on Energy

China dominates clean energy industry, US and Europe race to catch up Government subsidies totalling $28.2 billion for two Ontario battery plants require 20-year pay back, according to Parliamentary Budget Officer (PBO) Yves Giroux. Clean [Read more]

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