Hedge fund managers have reduced their net long position in 13 of the last 18 weeks, by a total of 508 million barrels, according to an analysis of records published by regulators and exchanges. Nabors [Read more]
Standard Lithium is also pursuing lithium brine operations in about 45,000 acres of mineral leases in the Mojave Desert in California. Company photo. Standard Lithium operating with oil and gas operators Vancouver-based Standard Lithium, reported [Read more]
On Tuesday, Equinor presented plans for transforming the Norwegian continental shelf (NCS) for continued high value creation and low emissions for the coming decades. Equinor photo. Norwegian continental shelf will enter mature phase after 2030 [Read more]
According to a report by Reuters, King Salman of Saudi Arabia has pulled the plug on the proposed Saudi Aramco IPO after a number of roadblocks proved too much for the ambitious plan. Reuters photo [Read more]
French energy company Total says it will not be investing in the US shale oil industry because of high costs and not enough human resources to tackle a new operation. Sipa Press photo. BP, Shell, [Read more]
After gains last week, oil prices flattened on Monday after an OPEC monitoring committee announced rising production amongst members of the cartel’s supply cut pact and concerns over the escalating US – China trade war. [Read more]
Saudi Arabia is the largest source of crude oil, making up almost one-fourth of crude oil trade volumes that traverse the South China Sea. Over 90 per cent of crude oil trade volumes in 2016 [Read more]
Oil prices rose by over 1 per cent in trading on Friday on signs that the Trump administrations sanctions against Iranian crude exports could significantly limit the world’s oil supply. Linn Energy photo. Oil prices [Read more]
The Permian basin in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. Dallas Morning News photo. Permian basin production to [Read more]
Quebec is particularly attractive to crypto-currency miners because of its cold winters helps cut costs for cooling computers, the lack of regulation by the Canadian government on crypto-currency and low power rates. iStock photo image. [Read more]
The B.C. government is expected to release its clean growth strategy this fall. The Pembina Institute argues that successful implementation will require carbon budgeting by sector and robust accountability mechanisms. Pembina Institute photo. B.C. clean [Read more]
A government appointed commission recommended on Friday that Norway’s wealth fund should continue to invest in oil and gas companies. The announcement contradicts advice from the country’s central bank late last year to drop energy [Read more]
From left to right: Derek Corrigan, Rachel Notley, Amarjeet Sohi Only real legal threat to Trans Mountain Expansion is Federal Court of Appeals review spearheaded by coastal First Nations The City of Burnaby has lost another legal [Read more]
On Thursday, oil prices held their value after Wednesday’s gains on falling US crude stocks data. The ongoing trade war between the Trump administration and Beijing weighed down possible gains. BP photo. Oil prices underpinned [Read more]
WELL Building Standard registered or WELL-certified projects can be found in 34 different countries spanning every continent outside of Africa and Antarctica. Pavleas Design and Build image. WELL Building Standard footprint began massive growth in [Read more]
Slowing growth has contributed to the tightened freight fuels market in the first and second quarters of this year. This shift has significantly contributed to the stabilization in crude oil prices. Exxon Mobil photo. Freight [Read more]
Suncor CEO Steve Williams, a leader in Canadian energy and climate policy. Oil sands companies are adapting to changing global energy system by supporting carbon pricing, lowering emissions The attitudes of Albertans toward climate change [Read more]
Reuters reports that the proposed Saudi Aramco IPO has been put on hold and financial advisors working on the listing have been disbanded. Saudi Arabia’s Energy Minister denies the claim, saying the kingdom remains committed [Read more]
Canada’s Natural Resource Minister Amarjeet Sohi acknowledges that the Trans Mountain pipeline has been delayed, but adds that the project is moving forward. Globe and Mail photo. Trans Mountain pipeline delayed due to construction stoppage [Read more]
Aerial photo of Cenovus’ Foster Creek oil sands project in Northern Alberta. Source: NEB. Concerns remain that upcoming federal regulations will negate benefits of substantial provincial reforms The Alberta government has responded to a persistent [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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