On Thursday, US oil prices gained almost 2 per cent. In January, both Brent and WTI increased for a fifth straight month. Apache photo. Oil prices rose as falling output in Venezuela offset higher production [Read more]
US oil production rising despite fewer rigs and producers focusing on “core” parts of the shale play, including the Permian basin. Apache photo. US oil production topped 10 million b/d in November: EIA By John [Read more]
Alberta well has $770,000 in policy-induced costs, about same as oil well in Saskatchewan February 1, 2018 – Government policies are piling on to reduce the competitiveness of energy producers in Western Canada, according to a new [Read more]
CATL EV battery factory located in a small southeast China city will have enough capacity to surpass Tesla output. Bloomberg photo by Qilai Shen. Contemporary Amperex Technology Ltd., leader in EV battery market in China Contemporary [Read more]
Prime Minister Trudeau said during a radio interview on Thursday that the Trans Mountain pipeline will be built. Trans Mountain photo. BC gov’t proposed new restrictions against bitumen shipments via Trans Mountain pipeline In response [Read more]
Mexico shale oil proven reserves amount to 13 billion barrels. Pemex has drilled in Mexico shale reserves, but produced little Reuters reports that Mexico is hoping to hold its first shale oil and gas auction [Read more]
Oil prices steadied during trading on Wednesday, despite data from the US Energy Information Administration showing a 6.8 million barrel rise in US crude stocks. Nexen photo. Oil prices recover during session despite 6.8 million [Read more]
Analysts say BP likely to approve fields in Mauritania, Angola and India. The company says it will only approve projects that make money even if oil prices drop. BP increasing production by drilling new wells [Read more]
“Action announced by B.C. government can only be seen for what it is: political game-playing” The British Columbia provincial government is proposing a second phase of regulations to “improve preparedness, response and recovery from potential [Read more]
Nikola Motor Company building 500-acre facility near Phoenix. Nikola Motor Company photo. Nikola Motor joins race to build semi trucks that run on alternate-fuels On Tuesday, Nikola Motor Company unveiled its plans for a $1 [Read more]
Oil prices fell in trading on Tuesday on a rising US dollar and increasing US crude production. US oil prices down 1.5 per cent Oil prices fell for a second day on Tuesday on concerns [Read more]
Exxon says it will increase its investment in West Texas and New Mexico shale operations. Zuma Press photo by Joel Angel Juarez. Exxon CEO credits changes in taxes, regulations for rising investments Reuters reports Exxon [Read more]
57 per cent of respondents felt “positive” or “very positive” about wind turbines located near their homes. Creative Commons photo by Samir Luther. Over 1.3 million US homes located near wind turbines A study led [Read more]
In the current slump, drilling costs have recovered more slowly than normal as the market has absorbed a huge number of idled rigs. Apache photo. Drilling costs up over 10 per cent since November 2016 [Read more]
Oil prices slipped in trading on Monday as the US dollar recovered from last week’s losses. QEP Resources photo. Oil prices down 1.5 per cent Monday Oil prices fell over one per cent as a [Read more]
Capital spending in the Canadian shale play and other non-oil sands projects is expected to hit $33 billion this year, outpacing oil sands capital spending. Encana photo. Canadian shale could lure new investment A growing [Read more]
During the first year of the Trump presidency, we have seen a dizzying number of new state-based declarations of intent to maintain and expand on prior climate commitments. New York Times photo by Luke Sharrett. [Read more]
The alternative route imposed on TransCanada for the Keystone XL pipeline will likely add between $80 million and $160 million to the $8 billion project. Madville Times photo by Bret Clanton. Keystone XL decision pending [Read more]
United States became net exporter of natural gas on an annual basis for first time in 2017 In its latest Short-Term Energy Outlook (STEO), EIA expects the Henry Hub natural gas spot price to average $2.88 per [Read more]
Recent growth in natural gas consumption has almost all been in electric power sector Significant growth in natural gas production over the past decade—primarily from the Marcellus and Utica shales in the Appalachian Basin—have increased gross natural gas [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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