As production from mature oil fields declines and the OPEC supply cut agreement continues at the same time global crude demand is increasing, the head of the International Energy Agency raises concerns about the global [Read more]
IRENA assessment shows Pakistan’s abundant renewable resources can boost power generation and energy access Pakistan can spur social and economic development with renewable energy while increasing energy security and improving energy access, according to a [Read more]
Eastern Canadian refineries process primarily conventional light crude oil Canada has a strong refining industry but processes only a fraction of its own crude oil production, according to the National Energy Board’s (NEB) inaugural Canadian [Read more]
The Eagle Ford shale play produces less crude than the Permian basin, but is located in south Texas and is closer to the US Gulf Coast’s refineries and pipelines. Pipeline and Gas Journal graphic. Eagle [Read more]
The kingdom of Saudi Arabia is working to boost oil prices to around $80/barrel to pay for the government’s policy agenda and boost interest in the Saudi Aramco IPO. Saudi Aramco IPO likely in 2019 [Read more]
Drillinginfo continues to expect long term price equilibrium to be $60/b for crude, $2.65/MMBtu for natural gas (US currency) American energy abundance has brought a new game in the world oil markets, the U.S. is [Read more]
“Only a fraction of the 80-plus billion barrels is likely to be recoverable.” – Wood Mackenzie Bahrain’s National Oil and Gas Authority (NOGA), alongside international consultants DeGolyer and MacNaughton, Halliburton, and Schlumberger, provided new details on [Read more]
BC Premier John Horgan during his Sunday press conference to address Kinder Morgan announcement Notley threatens to have legislation ready this week to punish British Columbia for opposition to Trans Mountain Expansion Alberta will put [Read more]
MPs Kennedy Stewart and Elizabeth May were arrested during a Trans Mountain Expansion protest Kinder Morgan says it has already spent $1.1 billion since 2013 on Trans Mountain Expansion Kinder Morgan Canada Limited (TSX: KML) is [Read more]
As of March 29, Alberta rig count is 114, down from 208 on March 2 Baker Hughes says the international rig count for March 2018 was 972, down 7 from the 979 counted in Feb. [Read more]
Permian basin production may be slowed or even shut in this year because of limited space on pipelines to transport crude out of the oil rich region. Williams Ranch Group photo. Permian basin production is [Read more]
BC Minister of Jobs, Trade and Technology Bruce Ralston “Minister Garneau needs to convey that the Prairie backlog at CN Rail is having a detrimental impact on northern B.C. families and businesses.” – Ralston The BC [Read more]
Wave of large projects post-2019 could signal new cost cycle underway As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs (Final Investment Decision), with the number of project sanctions more [Read more]
Program expected to attract $10 billion in new private investment Competition is now open for the second and third rounds of the Renewable Electricity Program, which will see more private-sector investment, jobs and partnerships with Indigenous [Read more]
Nissan Motor Co. Ltd says it aims to sell 1 million electrified vehicles by 2022, equip 20 models in 20 markets with autonomous driving technology and reach 100 per cent connectivity for all new cars [Read more]
Hedge fund managers increase their net long position in six important futures and options contracts linked to oil prices by 85 million barrels in the week ending March 27. Anadarko photo. Hedge fund managers bullish [Read more]
Russia and the Organization of Petroleum Exporting Countries are looking at forming a joint organization after the OPEC pact to curb global crude supplies expires at the end of the year. Financial Tribune photo. OPEC [Read more]
The Canadian and Alberta government have signed a bilateral agreement that will provide more than $3.3 billion in federal funding for infrastructure projects through the Investing in Canada plan over the next decade, according to a press release. [Read more]
Keyera will provide Encana with condensate and natural gas processing services under fee-for-service arrangement Encana Corporation has reached an agreement with Keyera Partnership, under which Keyera will acquire and fund the remaining development of Encana’s [Read more]
In response to Trump tariffs on steel and aluminum imports, China is immediately adding an extra 15 per cent tariff on US ethanol imports. IowaAgribusinessRadioNetwork.com photo. China responds to Trump tariffs on steel and aluminum [Read more]
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