Markham on Energy

Decarbonizing Canadian economy by 2050 a foolish academic exercise

Decarbonizing Canadian economy by 2050 a foolish academic exercise

Re-Energizing Canada: Pathways to a Low-Carbon Future proposes aggressive govt intervention to support decarbonization Did your mother ever remind you that “the Devil is in the details”? Someone’s mother should recall that aphorism for the 80-plus Canadian academics who recently released a new study calling for complete decarbonization of the national economy by 2050. The reason decarbonization […]

British Columbia LNG falling further and further behind USA in race to Asia

British Columbia LNG falling further and further behind USA in race to Asia

Economist Michal C. Moore says Canada must overcome huge internal challenges before competing against American LNG in China American President Donald Trump recently completed a charm tour of China that included the Chinese signing long-term liquified natural gas contracts, a prerequisite for industry expansion. Meanwhile, British Columbia twiddles its thumbs waiting for LNG plant investment decisions. […]

Trans Mountain Expansion gets final investment decision from Kinder Morgan

Trans Mountain Expansion gets final investment decision from Kinder Morgan

$1.75 billion initial public offering must be concluded by May 31 One of the hottest political issues in British Columbia just got a little hotter, as Kinder Morgan Inc. announced a final investment decision – contingent upon a successful IPO – for the Trans Mountain Expansion pipeline project, scheduled to begin construction in Sept. “Our execution planning […]

Energy Politics

Rolling Stone magazine backs radical Pennsylvania fracktavists

Rolling Stone magazine backs radical Pennsylvania fracktavists

“Article is nothing more than a glamorization of an extreme organization” By Nicole Jacobs, EnergyInDepth Rolling Stone put out a hit piece this week that not only attempts to perpetuate the myth that injection wells are inherently dangerous, but also tries to legitimize the agenda and tactics used by radical Pennsylvania-based activist group Community Environmental […]

Is “backwardation” the answer to price war between OPEC, US shale producers?

Is “backwardation” the answer to price war between OPEC, US shale producers?

OPEC searching for strategy that raises oil prices without igniting another American shale boom By John Kemp “Backwardation is the solution” to OPEC’s problem of how to raise output and revenues without sparking another shale boom, according to the influential oil research team at Goldman Sachs. Backwardation would allow low-cost oil producers in OPEC to […]

What you need to know about so-called kids’ anti-fracking lawsuit

What you need to know about so-called kids’ anti-fracking lawsuit

Attorneys arguing the case are the same attorneys used by big national green groups by Katie Brown, PhD, EnergyInDepth Colo. Gov. John Hickenlooper (D) has until tomorrow to decide whether or not to appeal a March 2-1 court decision that would change how the state’s oil and gas regulatory agency has reviewed drilling projects for […]

Energy News

Shale natural gas setting stage for rebirth of Appalachian manufacturing

Shale natural gas setting stage for rebirth of Appalachian manufacturing

Currently a serious shortage of infrastructure needed to fully capitalize on NGLs in Appalachian region By Jackie Stewart, EnergyInDepth When it comes to shale development and manufacturing, Republicans and Democrats continue to see eye-to-eye and are rooting for a manufacturing rebirth — particularly in Ohio, West Virginia, Pennsylvania and Kentucky. And according to a new […]

OPEC supply cut extension builds Asia’s crude supply concerns

OPEC supply cut extension builds Asia’s crude supply concerns

OPEC supply cut to March, 2018 The decision by the Organization of Petroleum Exporting Countries to extend the OPEC supply cut to the end of the first quarter of 2018 did not help boost oil prices, but it did leave some refiners in Asia concerned about their crude supply. The extension of the pact left […]

Opinion: Oil prices tumble after OPEC rollover

Opinion: Oil prices tumble after OPEC rollover

Oil prices down over four per cent after OPEC meeting   By John Kemp LONDON, May 26 (Reuters) – Ministers from OPEC and non-OPEC oil-exporting countries agreed on Thursday to extend existing production cuts for a further nine months to the end of March 2018. Front-month Brent futures prices reacted by closing down $2.50 per […]

Texas Life

Texas Railroad Commissioner boasts following OPEC deal

Texas Railroad Commissioner boasts following OPEC deal

Texas Railroad Commissioner Ryan Sitton According to Ryan Sitton, Texas Railroad Commissioner, Texas shale oil producers forced OPEC to extend its supply cut agreement into the first quarter of 2018. At its meeting in Vienna, OPEC agreed to carry forward the pact through at least March in order to help rebalance the oil market.  Saudi […]

Texas oil and gas production statistics for March 2017

Texas oil and gas production statistics for March 2017

Texas production in March 2017 came from 177,719 oil wells and 90,804 gas wells Production for March 2017 as reported to the Railroad Commission of Texas is 77,262,815 barrels of crude oil and 608,006,175 mcf (thousand cubic feet) of total gas from oil and gas wells, according to a press release. These preliminary figures are […]

Red hot Permian Basin economics tighten due to rising CAPEX costs

Red hot Permian Basin economics tighten due to rising CAPEX costs

After land rush, execution risk, rising costs loom for Permian Basin exploration & producers Exploration and production (E&P) companies that successfully acquired Permian Basin acreage in the red-hot ‘land-grab’ market of 2016, are now faced with the challenge of maintaining premium valuations while meeting high-growth expectations in a rising cost environment, according to new research by […]

Energy Financial

Oil prices pare losses, but end week lower on OPEC cuts disappointment

Oil prices pare losses, but end week lower on OPEC cuts disappointment

Oil prices up over 1 per cent Friday Oil prices rose over 1 per cent on Friday, but Brent crude ended the week down almost 3 per cent lower after investors were disappointed the OPEC supply cut reduction did not cut deeper. Trading was light on Friday after the Thursday sell-off and ahead of long […]

Oil prices fall on OPEC supply cuts disappointment

Oil prices fall on OPEC supply cuts disappointment

Oil prices down 4 per cent Oil prices fell about 4 per cent in trading on Thursday and are on track for their biggest drop in three weeks, after OPEC announced it will extend current production curbs for a further nine months, but will not deepen the cuts. Price were buoyed in recent days on talk […]

Oil prices dip on low US gasoline inventory draw

Oil prices dip on low US gasoline inventory draw

Oil prices, crude inventories down Oil prices fell slightly in trading on Wednesday following data from the US Energy Information Administration showing a smaller-than-expected drop in US gasoline stockpiles. Brent crude ended the day down 19 cents to $53.96 and US light crude dropped by 11 cents, settling at $51.17. Both benchmarks have gained over 10 per cent […]