On Tuesday, Husky announced it has met all regulatory requirements for its “full and fair” offer to buy Calgary-based MEG Energy. MEG Energy photo. MEG Energy calls on shareholders to reject Husky’s offer On Tuesday, [Read more] [Read more]
The upcoming 2020 rules apply across multiple countries’ jurisdictions to fuels used in the open ocean, representing the largest portion of the approximately 3.9 million barrel per day global marine fuel market, according to the [Read more] [Read more]
According to the US Energy Information Administration, US crude exports and petroleum products exports topped imports for the first time in weekly data going back to 1991. Port of Corpus Christi photo. Rise in US [Read more] [Read more]
Saudi Arabia says it is hoping an oil supply deal could result in an overall production cut of at least 1.3 million barrels per day, or 1.3 per cent of the world’s crude output. Bloomberg [Read more] [Read more]
With global oil demand set to grow in 2018, global gas use also increasing and large numbers of new coal power plants coming online in 2018, CO2 emissions are expected to grow. CC0 public domain photo. [Read more] [Read more]
The electric power sector is the nation’s largest consumer of coal, accounting for 93 per cent of total US coal consumption between 2007 and 2018. Getty Images photo. 2018 US coal consumption will be 44 [Read more] [Read more]
Pressure from investors over climate change has forced Royal Dutch Shell to set out plans for industry-leading CO2 emissions targets which will be linked to executive pay. Shell CO2 emissions targets will be introduced in [Read more] [Read more]
US crude stocks rose by 3.6 million barrels last week, much higher than analysts’ expectations of an increase of 769,000 barrels. Bloomberg photo by David Acker. US crude stocks up by 3.6 million barrels last [Read more] [Read more]
US refining margins are down due to high refinery output along with flattening year-over-year growth in gasoline demand in the United States. Phillips 66 photo. US refining margins hit five-year low By Sean Hill, Corrina Ricker [Read more] [Read more]
World Energy Outlook 2018 examines future patterns of a changing global energy system at a time of increasing uncertainties and finds that major transformations are underway for the global energy sector. Across all regions and [Read more]
Husky White Rose field production was shut down one week ago due to an oil release. The company says the leak came from a subsea flowline connection in the field. Husky photo. Husky White Rose [Read more]
According to data from the United States Energy Information Administration, natural gas and oil production is rising even though there are fewer wells in operation. Anadarko photo. With fewer wells, US oil production grew from [Read more]
Renewable diesel is an alternative fuel that is chemically similar to petroleum diesel and nearly identical in its performance characteristics. Renewable diesel has some of the largest lifecycle greenhouse gas reductions compared with other fuels By Steve [Read more]
In its 2018 World Energy Outlook, the International Energy Agency says improvements in the efficiency of the non-electric car fleet will cut oil demand by over 9 million barrels per day in 2040. Shutterstock photo. [Read more]
The IEA’s World Energy Outlook 2018 details global energy trends and what possible impact they will have on supply and demand, carbon emissions, air pollution, and energy access. Invew Group photo. Oil consumption growing for decades due [Read more]
Saudi crude shipments are expected to be reduced in December by 500,000 barrels per day next month, according to the kingdom’s energy minister. Bloomberg photo. Saudi crude shipments cut in response to lower seasonal demand [Read more]
Tesla announced on Wednesday that Robyn Denholm, current finance chief at Telstra Corp., has been promoted to chairwoman at the electric vehicle company. The Australian photo. Robyn Denholm has been an independent director at Tesla [Read more]
In October, Chinese crude imports jumped by 32 per cent over this time last year, hitting 40.80 million tonnes, or 9.61 million barrels per day (b/d). AP photo. Chinese crude imports rise as teapot refineries [Read more]
According to a report by the US Energy Information Administration, space heating and water heating were the top two energy-consuming uses in U.S. homes in 2015. Yellow Dog Productions/Getty Images photo. Space heating, water heating [Read more]
In its monthly report, the US Energy Information Administration says US crude output is expected to average 12.06 million barrels per day (b/d) by mid-2019. Anadarko photo. US crude output expected to average 12.06 million [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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