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Home2018August

Month: August 2018

oil prices
Financial

Oil prices dip on US-China trade war concerns

August 31, 2018 Energi Staff

Oil prices fell slightly on Friday as concerns about the impending US sanctions on Iranian crude were outweighed by anxiety over the ongoing trade war between the United States and China.  Encana photo.   Oil prices [Read more]

joslyn oil sands
Canada

CNRL buys 100% of Total’s stake in Joslyn oil sands project

August 31, 2018 Energi Staff

Canadian Natural Resources Limited, or CNRL, announced on Friday that it will purchase the Joslyn oil sands project for a total price of $225 million.   Joslyn oil sands project owned by Total SA, partners Canadian [Read more]

clean energy
News

IEA co-hosts ASEAN Clean Energy Investment and Financing Training Programme

August 31, 2018 Energi Staff

The Singapore-IEA Clean Energy Investment and Financing Training Programme is the second event under the Singapore-IEA Regional Training Hub initiative, which was launched in 2016 when Singapore became an Association Country of the IEA. Jürgen from [Read more]

US crude
USA

US crude output hits record high on rising Texas, Gulf production

August 31, 2018 Energi Staff

Data from the US Energy Information Administration released on Friday showed US crude production rose to record highs in June.  Linn Energy photo. US crude output hit 10.674 million b/d in June US crude output [Read more]

Markham on Energy

Notley rips Trudeau: we’re out of national climate plan until Libs fix pipeline mess they created

August 31, 2018 Markham Hislop

Notley demands Trudeau take action to restart construction on Trans Mountain Expansion halted after Thursday court verdict Rachel Notley is mad as hell and she’s not taking it anymore: “…with Trans Mountain halted, until the [Read more]

Iran sanctions
News

India meets with US officials to clarify Iran sanctions strategy

August 30, 2018 Energi Staff

Two representatives from the Indian government will meet with top US officials to discuss India’s position on Iran sanctions as the November deadline nears.   Iran sanctions reimposed by Trump administration Reuters is reporting that a [Read more]

Markham on Energy

Trans Mountain Expansion issues can be fixed, but Morneau can’t afford any slips

August 30, 2018 Markham Hislop

Finance Minister Bill Morneau speaking to reporters at Thursday’s press conference Responding to appeal court’s decision may be Trudeau Govt’s last chance to demonstrate compentence with pipeline file The federal government has not changed its [Read more]

nuclear deal
News

Iran in compliance with nuclear deal restrictions: IAEA

August 30, 2018 Energi Staff

According to a confidential report by the International Atomic Energy Agency, Iran has remained in compliance with the 2015 nuclear deal, staying within caps on uranium enrichment levels, enriched uranium stocks and other provisions.  Reuters [Read more]

Iran sanctions
News

Looming Iran sanctions drain crude surplus, boost oil prices

August 30, 2018 Energi Staff

The Trump administration has set a November 4 deadline for customers of Iranian crude to halt their purchases.  The looming Iran sanctions, which are expected to take 1 million barrels per day out of the [Read more]

US economy
Opinion

Opinion: US economy accelerates towards cyclical peak

August 30, 2018 Energi Staff

Fears about a future slowdown in the US economy have grown as the US Treasury curve has come closer to inverting, given the close correlation between slowdowns and inversions over several decades.  Getty Images photo. [Read more]

clean technology
Markham on Energy

Trans Mountain Expansion approval overturned by Federal Court

August 30, 2018 Markham Hislop

Court orders Canadian govt to redo consultation with First Nations, reconsider tanker impact on killer whales In a stunning decision released Thursday morning, the Federal Court of Appeal has overturned the Canadian government’s approval of [Read more]

oil prices
Financial

Oil prices up on US crude stock draw, Iranian sanctions

August 29, 2018 Energi Staff

Oil prices were up over 1 per cent on Wednesday and Brent crude rose to its highest level in seven weeks after the US Energy Information Administration reported a drop in US crude stocks and [Read more]

westport fuel systems
Canada

Canadian firm Westport Fuel Systems exports heavy-duty natural gas engine tech to China

August 29, 2018 Energi Staff

Vancouver-based Westport Fuel Systems has signed development and supply agreements with Weichi Group to develop, market and commercialize a heavy-duty natural gas engine.  Company image. Westport Fuel Systems engine will meet China VI emissions standards [Read more]

gas prices
News

US retail gas prices at four-year high heading into Labour Day

August 29, 2018 Energi Staff

Average US gas prices are heading into the Labour Day weekend are at their highest since 2014 and 43 cents/gallon higher than this time last year.  Average US gas prices hit $2.83/gallon on Aug. 27 [Read more]

oil auction
News

New Mexican government may suspend oil auctions indefinitely: Reuters

August 29, 2018 Energi Staff

According to a report by Reuters, the newly elected government in Mexico is considering suspending natural gas and oil auctions and building closer ties with OPEC.  Reuters photo. Oil auctions opened up by outgoing President Enrique [Read more]

energy sector
Opinion

Opinion: The energy sector is feeling the heat

August 29, 2018 Energi Staff

The IEA’s Caroline Lee says “we needn’t look far to spot the impacts of this summer’s unusually high and persistent temperatures on the energy sector”.  Government of BC photo. Energy sector struggles to keep up with [Read more]

Opinion

NFL roster of advocates for energy, the environment, and the planet

August 29, 2018 Energi Staff

Matt Chester compiles his fantasy football team of NFL players who are have taken leadership, are advocates and innovators for energy and the environment.  NFL photo. NFL fantasy team the Gang Greenest By Matt Chester [Read more]

GHG emissions
Innovation

Imperial using new technologies to cut oil sands GHG emissions intensity

August 28, 2018 Energi Staff

The application of next-generation oil recovery technology at Imperial’s Cold Lake in-situ operations, improvements in reliability at its Kearl mining facility and continuous improvements in energy efficiency are expected to be key drivers behind the [Read more]

oil prices
Financial

Oil prices down on profit taking, losses limited by trade deal

August 28, 2018 Energi Staff

Oil prices fell slightly on Tuesday after some investors took profits on last week’s gains, however, losses were limited on a US-Mexico trade announcement.  Anadarko photo. Oil prices boosted by modest increase in OPEC+ production [Read more]

steel tariffs
USA

Trump steel tariffs cost US pipe, energy companies millions

August 28, 2018 Energi Staff

A number of pipe and energy companies are complaining that the Trump steel tariffs are costing them millions of dollars and the process to obtain exemptions from the tariffs is unfair and slow moving.  Reuters [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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