A report by the International Energy Agency finds that energy efficiency gains alone could allow the world to extract twice as much economic value from the energy it uses compared to today. Shutterstock photo. Global [Read more]
Exxon Mobil is looking to take advantage of rising Ching LNG demand by expanding its liquified natural gas operations in Papua New Guinea and Mozambique and building its first import and storage hub in China. [Read more]
Wall Street is trimming third quarter forecasts for oilfield services companies who are struggling as oil companies continue to pressure their suppliers to reign in costs. Anadarko photo. Oilfield services companies showing weakness in well completions [Read more]
NOPEC, or No Oil Producing and Exporting Cartels Act has been dormant for years as past presidents have signalled they would veto any move to pass the legislation. Anadarko photo. NOPEC could open OPEC up [Read more]
Petrochemical products are manufactured from raw materials (oil and natural gas) to feedstocks, basic chemicals, chemical intermediates (derivatives), and ultimately final products, including plastics, rubbers, resins, synthetic fibers, adhesives, dyes, detergents, pesticides, and petroleum-derived paints and [Read more]
In an interview with Fox News, US President Donald Trump said there was a lot more he could do on China trade to hurt its economy. US China trade war impacting global economy In an [Read more]
As oil supply and demand increase, the International Energy Agency says “our position is that expensive energy is back, with oil, gas and coal trading at multi-year highs, and it poses a threat to economic [Read more]
Tuesday’s BC pipeline explosion significantly cut down on the natural gas supply to British Columbia and the Pacific Northwest. One of the two pipelines was re-opened late Wednesday, but is only running at 80 per [Read more]
OPEC’s Secretary General Mohammad Barkindo said on Thursday that the cartel sees the oil market well supplied and in concerned that an increase in production could cause another supply glut. Reuters photo by Heinz-Peter Bader. [Read more]
The National Energy Board says it has deployed four investigators to the site of a BC pipeline explosion that occurred near Prince George on Tuesday. Global News photo. BC pipeline explosion investigation underway The fire [Read more]
On Tuesday, about 100 people were evacuated after a BC pipeline explosion just outside of Prince George. The pipeline operator, Enbridge, says the fire has been extinguished, but the company says it is unclear how [Read more]
On Tuesday, the Alberta Energy Regulator released an update on how the agency is working to become more efficient and cost-effective, and at the same time, continuing to protect the environment. iStock photo. Alberta Energy [Read more]
Bioenergy growth in the industry, transport and electricity sectors combined could be as considerable as that of other renewables in the electricity sector. Bioenergy used in heat and transport sectors This article was published by [Read more]
The government of Denmark is proposing a total ban on the sale of new gasoline and diesel cars after 2030 and hybrid vehicles after 2035. Getty Images photo by Michal Krakowiak. Denmark plan to be presented [Read more]
As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. Anadarko photo. Lighter crude oil production rose to over 4.6 million b/d in 2017 [Read more]
On Friday, Precision Drilling announced it has entered into a deal to purchase Trinidad Drilling. The sale is valued at just over $1 billion and includes $477 million in net debt. Company photo. Precision Drilling [Read more]
Working US natural gas storage in the Lower 48 states totalled 2,866 billion cubic feet (Bcf) as of September 28, 2018, which is the lowest working natural gas stocks have been at this time of [Read more]
In 2018, Hurricane Florence, like Hurricanes Irma and Maria in 2017, was a catastrophic storm that did not have any significant effect on oil and gas production because of its location and trajectory. NOAA photo. [Read more]
According to a major study conducted by the International Energy Agency, petrochemicals are set to account for over one-third of the growth in world oil demand by 2030. Petrochemicals “key blindspot” in global energy debate: [Read more]
According to Drillinginfo, US oil and gas mergers in the third quarter of this year jumped by 250 per cent over the second quarter of 2018, breaking all quarterly records dating back to the fourth [Read more]
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