Managers of hedge funds are more cautious about increasing their exposure to oil, but are more optimistic about the outlook for refined fuels. BP photo. Hedge funds cut futures and options contracts by 6M barrels [Read more]
Closure of FirstEnergy plants, Three Mile Island, would reverse emissions benefits gained over the last 25 years The announced closure of four nuclear power plants in Ohio and Pennsylvania will have severe environmental and economic [Read more]
Canadian demand driven by ethanol mandates ranging from 5% in Alberta, British Columbia, Ontario to as high as 8.5% in Manitoba. The United States exported nearly 1.4 billion gallons of fuel ethanol in 2017, surpassing [Read more]
Critical aspect of work is to reduce use of precious metals, lowering the cost The U.S. Department of Energy has chosen a team led by a chemical engineer from the University of Houston for a [Read more]
Peak production from wells drilled from 2001 to 2009 averaged about 4 b/d Peak production rates of the Alberta and Saskatchewan Viking Formation oil wells are ten times higher than they were ten years ago, according to [Read more]
Crude oil production in Permian Basin providing a much-needed uplift for midstream companies East Daley Capital Advisors, Inc., an energy information and insights provider, reports that the overall outlook is positive for most major U.S. oil [Read more]
LNG Canada, a joint venture company comprised of four global energy companies, is in the planning stages of an LNG export terminal in Kitimat, British Columbia. Final decision on LNG Canada expected by end of [Read more]
Oil prices were mixed on Friday. Brent is on track for its third week of gains as investors consider possible consequences of the reimposition of sanctions on Iran by the Trump administration. BP photo. Oil [Read more]
One day after the Wisconsin refinery explosion, tens of thousands of people were allowed to return to their homes. The blast at the Husky Energy refinery injured at least 16 people. Twitter photo. Wisconsin refinery [Read more]
Some Chinese refineries will shut down in May and June for annual maintenance, which will cut China’s throughput by about 10 per cent and reduce global crude demand. At least six Chinese refineries are planning [Read more]
R&D provides foundation for many energy technology advancements and cost reductions Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% [Read more]
Freight transportation is highly competitive, fleet owners focus on length of time for return on investment, 3 years being upper limit Full implementation of existing fuel-saving technologies, combined with accelerated adoption of emerging disruptive technologies [Read more]
Global sales in wind turbine market are expected to grow from EUR 64.5 billion in 2015 to EUR 66 billion in 2019 The 15 finalists for the European Inventor Award 2018, announced this week by the European Patent Office(EPO), [Read more]
In ongoing fight against oil sands bitumen, BC takes pipeline regulation issue to BC Court of Appeal The Government of British Columbia has submitted a reference question to the B.C. Court of Appeal on its [Read more]
Oil prices were mixed on Thursday as investors considered rising US crude output against the possibility of US sanctions on Iran, tanking Venezuelan output and strong demand. Encana photo. Recent oil prices rally “overdone”: Some [Read more]
Local media reports 10 people were injured in a Husky refinery explosion and fire in Superior, Wisconsin on Thursday morning. Duluth News Tribune photo. Husky refinery explosion occurred as crews were preparing plant for repairs Ten [Read more]
Montney wells drilled in 2016 each expected to produce a total of 7.2 Bcf of gas, 4 times the 2005 value Two things determine how much oil or gas a well will produce: the quality of the [Read more]
The sale of Porsche EVs and hybrids by 2025 will amount to about half the companies overall deliveries, according to the luxury automaker. Porsche EVs, hybrids targets one of the auto industry’s most agressive By [Read more]
Deep cycles are a natural condition of oil prices and John Kemp says there is no reason to think the future will be any different. Anadarko photo. OPEC, major producers can influence oil prices in [Read more]
The chief executive of Cenovus Energy says Canadian rail companies have hired and are training crew and are reactivating a number of locomotives to handle increased oil by rail shipments in the second half of [Read more]
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