On Thursday, the Supreme Court of Canada handed down a 5-2 decision ruling bankrupt oil companies have a responsibility first to clean up their non-working wells. The decision overturns a 2016 Alberta Appeal Court judgement [Read more]
According to a survey by Reuters, OPEC production saw its largest monthly decline in two years this month. The decline is due to the cartel’s most recent supply cut agreement. Reuters photo. OPEC production down [Read more]
The US Energy Information Administration is forecasting that NGPL production could grow by 32 per cent between 2018 and 2050, reaching 5.8 million b/d. Williams.com photo. NGPL production increases in Appalachian Basin, Southwest and Permian [Read more]
The Federal Reserve’s promise to be “patient” as it determines how to adjust interest rates in future has been welcomed by investors fearful that an economic slowdown could preface a slide into recession. Federal Reserve [Read more]
On Wednesday, the Notley government announced it will ease the Alberta oil output limits, increasing production in February and March to 3.63 million b/d. Suncor photo. Alberta oil output limits up by 75,000 b/d The [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed US crude stocks rose less than expected last week due to a decline in imports. Equinor photo. US oil prices up [Read more]
While railways carry 8 per cent of the world’s passengers and 7 per cent of global freight, they only account for 2 per cent of total transport energy demand. CP Rail photo. Railways can cut [Read more]
Globally, there are now 18 large scale carbon capture and storage facilities in operation, and approximately the same number proposed for development. SaskPower photo. IEA sees carbon capture vital to meeting global climate targets This article was published [Read more]
On Monday, the Trump administration slapped sanctions on Venezuelan crude exports to the US in response to the re-election of President Nicolas Maduro, in a vote viewed by many as fraudulent. AP/Getty Images photo by Juan [Read more]
Driven mostly by evolving trade flows of liquid fuels and natural gas, the US Energy Information Administration forecasts that the United States will be a net energy exporter by 2020. Enterprise Products Partners L.P. photo. US [Read more]
During the first 10 months of 2018, US gasoline consumption was flat as rising fuel prices offset the strong economy and big gains in employment. Shell photo. US gasoline consumption averaged 9.34 million b/d between [Read more]
Oil prices fell about 3 per cent on Monday on rising US oil production and waning confidence that the US and China will soon end the trade war between the world’s two largest economies. Equinor [Read more]
According to the US Energy Information Administration, even with declines in emissions over the next two years, energy-related CO2 emissions in 2019 and 2020 are still projected to be higher than 2017 levels. Ralf Broskvar photo [Read more]
Hedge funds boosted oil and refined products buys last week on hopes of a U.S.-China trade truce and that the global economy will avoid a slowdown in 2019. Equinor photo. Hedge funds buying concentrated in [Read more]
COP24 President Mr Michal Kurtyka closes out the successful 24th Conference of the Parties by jumping over the dais in celebration. Many said the conference was a success in multilateralism and diplomacy. IISB/ENB photo by [Read more] [Read more]
According to the US Energy Information Administration, increasing coal prices and demand for coal exports, along with continued competition with natural gas, contributed to a decline in overall US coal consumption. US coal consumption in 2018 [Read more] [Read more]
Rising concerns about tightening crude supply due to turmoil in Venezuela helped boost oil prices on Friday, but an increase in the US oil rig count capped gains. BP photo. Oil prices up 1 per [Read more] [Read more]
Automakers are concerned that the US government shutdown could delay the roll out of their new vehicle models in the United States as the companies cannot get the required certifications from the EPA. Getty Images [Read more] [Read more]
On Thursday, the Government of Canada announced funding for construction of a new solar farm in southeastern Alberta that will use advanced solar technology. New solar technology will capture energy from both sides of solar [Read more] [Read more]
US oil and natural gas resources will continue to see growth in development, according to the US EIA. In its Annual Energy Outlook, the agency predicts natural gas and natural gas plant liquids will experience [Read more] [Read more]
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