New Technology & Innovation

Wind energy continues rapid growth in 2016 – US Dept. of Energy

Wind energy continues rapid growth in 2016 – US Dept. of Energy

Texas, Oklahoma, and Iowa lead the nation in wind energy The Energy Department released three wind market reports demonstrating continued growth in wind energy nationwide. America’s wind industry added more than 8,200 megawatts (MW) of capacity last year, representing 27 per cent of all energy capacity additions in 2016. In 2016, wind supplied about 6 […]

By August 15, 2017 0 Comments Read More →
Tesla autonomous semi trucks in development, closer to prototype: Reuters

Tesla autonomous semi trucks in development, closer to prototype: Reuters

Autonomous semi trucks may be unveiled in September Reuters reports Tesla Inc is developing a long-haul, electric autonomous semi trucks that will eventually move in a formation where a number of semis will automatically follow a lead vehicle. In an e-mail discussion with the Nevada Department of Motor Vehicles, the California company is looking to […]

By August 11, 2017 0 Comments Read More →
Future of renewable energy is a radical global disruption – Wood Mackenzie

Future of renewable energy is a radical global disruption – Wood Mackenzie

With current trends, Wood Mackenzie expects EVs accounting 21% of global car stock by 2035 The oil market downturn and the tone set by the Paris Agreement have already shifted the focus away from fossil fuels, but how quickly could we see the tides change and decisively tip the scales to renewables? Together with GTM Research, […]

By August 10, 2017 0 Comments Read More →

Markham on Energy

Canadian natural gas producers face rocky future without West Coast LNG

Canadian natural gas producers face rocky future without West Coast LNG

CAPP expects Canadian natural gas exports to US to decline 50% by 2030 In the wake of Petronas’ decision to cancel the Pacific NorthWest LNG project three weeks ago, there is good and bad news for Canadian  natural gas producers over the short to medium-term. Unfortunately, the bad outweighs the good. The Malaysian energy giant […]

The curious case of Rachel Notley’s view that BC just doing ‘due diligence’ on Trans Mountain Expansion

The curious case of Rachel Notley’s view that BC just doing ‘due diligence’ on Trans Mountain Expansion

Is Notley incompetent? Or is her goal to keep BC Premier Horgan out of the political battle for now? Rachel Notley’s response to yesterday’s announcement that BC will use legal challenges to block the Trans Mountain Expansion pipeline is curious. The Alberta premier thinks the new NDP government is just doing its “due diligence,” but […]

BC NDP govt throws down gauntlet to Trans Mountain Expansion pipeline project

BC NDP govt throws down gauntlet to Trans Mountain Expansion pipeline project

Alberta Premier Rachel Notley says she welcomes BC’s “due diligence” over Trans Mountain Expansion The new NDP government in British Columbia has retained veteran lawyer Thomas Berger to advise on the best way to assert provincial jurisdiction and frustrate construction of Kinder Morgan’s Trans Mountain Expansion pipeline, slated to begin work next month. At a […]

Energy Politics

Global oil/gas industry transformed as it responds to oversupply, new technologies – IEA

Global oil/gas industry transformed as it responds to oversupply, new technologies – IEA

Conventional onshore production shifted towards brownfield development to minimise capital spending – just like Alberta oil sands By Alessandro Blasi, senior programme officer, International Energy Agency The last few years have been particularly challenging for the oil and gas industry. From the natural gas shale revolution beginning about a decade ago to the dramatic shale-oil […]

Consequences of Trump disruption becoming clearer as NAFTA talks set to begin

Consequences of Trump disruption becoming clearer as NAFTA talks set to begin

Canada exported $62.3 billion of oil/gas in 2016, just behind vehicles at $64.3 billion By Glen Hodgson, senior fellow, Conference Board of Canada Donald Trump’s election agenda promised to challenge the existing U.S. political and economic order – that’s what his populist political base voted for. But while Mr. Trump promised to make America great again, […]

Rick Perry duped into fake interview “Jerky Boys of Russia”

Rick Perry duped into fake interview “Jerky Boys of Russia”

US Energy Secretary Rick Perry talked coal exports, energy matters with Russian pranksters One of the Russian pranksters known as the “Jerky Boys of Russia” duped US Energy Minister Rick Perry earlier this month, convincing the one-time presidential candidate that he was speaking with Ukraine’s Prime Minister Volodymyr Groysman. According to Reuters, during the 22-minute […]

Energy News

Petronas expects LNG market to remain oversupplied until 2023

Petronas expects LNG market to remain oversupplied until 2023

LNG market swamped by US, Australian production The chief executive of Malaysia’s state-owned energy company, Petronas, says he expects the global LNG market to remain oversupplied until as late as 2023. With increased supply from Australia and the United States, prices have fallen; Asian spot LNG prices are now down by about 70 per cent […]

By August 15, 2017 0 Comments Read More →
Column: Hedge funds gamble for a third time on oil rebalancing

Column: Hedge funds gamble for a third time on oil rebalancing

Hedge funds managers hopeful, but cautious By John Kemp LONDON, Aug 14 – “If at first you don’t succeed, try, try, try again,” goes the proverb used to encourage students. Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of […]

By August 14, 2017 0 Comments Read More →
Coal falls as gas rises: World energy balances in 2016 – IEA

Coal falls as gas rises: World energy balances in 2016 – IEA

Oil remains most used fuel (mainly for transport), then coal (mainly for electricity) Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to […]

By August 11, 2017 0 Comments Read More →

Energy Financial

Oil prices fall as investors worry about oversupply, strong greenback, weak Asia demand

Oil prices fall as investors worry about oversupply, strong greenback, weak Asia demand

Oil prices pressured by high production, inventories On Tuesday, oil prices fell as investors already concerned about the global glut of crude struggled with a rising US dollar and weaker demand for petroleum in China. Brent crude was dow 13 cents to $50.60/barrel by 12:53 p.m. EDT and US WTI fell by 14 cents to […]

By August 15, 2017 0 Comments Read More →
Calgary-based oil rig maker TESCO Corp. sold to USA competitor Nabors Industries

Calgary-based oil rig maker TESCO Corp. sold to USA competitor Nabors Industries

Transaction values TESCO common stock at $4.62 per share Tesco Corporation announced it entered an agreement Nabors Industries Ltd. to combine with Nabors in a stock-for-stock transaction, according to a press release. TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO. TESCO shareholders will own approximately 10 per cent of the outstanding shares […]

By August 15, 2017 0 Comments Read More →
Oil prices drop on strong US dollar, weak China data

Oil prices drop on strong US dollar, weak China data

Oil prices down 2 per cent Monday Oil prices fell by 2 per cent on Monday in volatile trading as the US dollar rose and China posted weak domestic demand data. Earlier in the day, oil prices rose slightly on concerns over possible reductions in Libya’s crude supply after the country’s National Oil Corporation (NOC) […]

By August 14, 2017 0 Comments Read More →