With oil prices up 70 per cent over the last 12 months, higher prices are set to moderate OECD consumption and thereby global demand growth in 2018/19. Chevron photo. Consumption has risen by an average [Read more]
First Nations court challenges to pipelines have same characteristic: consultation was “inadequate.” But what does inadequate mean? By Sue L. Blanchard, special to Energi News Veteran pipeline executive Dennis McConaghy told a Global Petroleum Show [Read more]
Oil production to reach 5.4 milliion b/d in 2023, more than current production from any OPEC member other than Saudi Arabia Oil production in the Permian Basin, already a major force in global supply growth, [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed a larger-than-expected drop in US crude stocks as well as a decline in gasoline and distillate inventories. Apache photo. Oil prices [Read more]
Water recycling is another way operators can reduce disposal costs and limit water sourcing constraints – something Canadian producers already do With the recent rise oil prices, operators have been adding rigs and ramping up [Read more]
A number of major US shale companies sold their crude through futures contracts at about $55/barrel, and are now missing out on the $70/barrel crude prices. Apache photo. Wall Street investors disappointed in US shale [Read more]
The combination of falling Venezuelan output, sanctions on Iran, low commercial stocks, low spare capacity, and constraints on the expansion of US shale is priming the market for higher prices in 2018/19. Apache photo. Output [Read more]
US refineries operated at record levels during 2017 The United States exported 186,000 barrels per day (b/d) of jet fuel in 2017, the eleventh consecutive year of increasing gross jet fuel exports, according to the [Read more]
United States Energy Information Administration cut its growth forecast for US crude output in 2019 from an earlier projected year-over year daily increase of 1.14 million b/d to 970,000 b/d. Linn Energy photo. US crude [Read more]
Jaden Holle; Leonard Bastien, Elder, Blackfoot confederacy; Minister of Economic Development and Trade Deron Bilous; Jessica Wilson; Lindsay Lockwood welcome participants to the Global Petroleum Show. Government of Alberta photo. New investment, partnership opportunities as [Read more]
A climate strategy that works is not simply a plan to reduce GHGs. It’s about transforming our current economy to a lower carbon economy. It’s about recognizing that there is a tremendous opportunity in embracing [Read more]
US oil prices rose slightly while Brent slipped just under 1 per cent in trading on Thursday as a rising US dollar and weakening euro pressured crude prices on Tuesday. BP photo. Brent oil prices [Read more]
The Trudeau government bought Trans Mountain pipeline from Kinder Morgan on May 29 after the company threatened to bail on construction of the Trans Mountain pipeline expansion project. Trans Mountain photo. Federal government’s financial advisor [Read more]
Data from the US Energy Information Administration shows competitive power marketers supplied about 21 per cent of the retail electricity sold in the United States in 2016, up from 11 per cent in 2005. Inigo Skies [Read more]
According to the US Energy Information Administration, distillate fuel was the most exported US petroleum product in 2017 and averaged 1.4 million b/d of gross exports. Bloomberg photo by Eddie Seal. Distillate fuel exports were [Read more]
Mike Hogan shares capacity market design basics and lessons Alberta can learn from other jurisdictions in this blog published by the Pembina Institute on June 11 2018. AESO finalizes rules for new electricity capacity market [Read more]
Alberta still has a healthy reserve margin in the electricity system with no need for immediate development and the creation of Energy Efficiency Alberta (EEA) has the province in a position to catch up on years [Read more]
Hedge funds and other money managers cut their net long position in the six most important futures and options contracts linked to petroleum prices by 72 million barrels in the week to June 5. Encana [Read more]
With production from Fort Hills, Hebron ramping up earlier than expected, Suncor well-positioned for strong production remainder of 2018 Suncor says that with the completion of major planned turnaround activities and strong production from growth [Read more]
Cutting PST on electricity will save more than $150 million annually for BC businesses, according to govt To contain rate increases, control costs, and to position BC Hydro for future success, the Government of British [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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