New Technology & Innovation

British village gets solar battery boost in green energy trial

British village gets solar battery boost in green energy trial

British village gets solar battery boost in green energy trial By Magdalena Mis LONDON, Jan 20 (Thomson Reuters Foundation) – Villagers in northern England may soon see their electricity bills slashed by as much as 50 per cent in a pilot project allowing them to use solar power around the clock. In a 250,000 pound […]

By January 21, 2017 0 Comments Read More →
Eco-huts attract tourists, and cash, to Kenyan Maasai herding communities

Eco-huts attract tourists, and cash, to Kenyan Maasai herding communities

Tourist business gives hope to Maasai girls By Benson Rioba LAIKIPIA, Kenya, Jan 19 (Thomson Reuters Foundation) – In the late evening, Eunice Kaparo and Rosemary Nenini finish up their daily cleaning routine in the modern Maasai dwellings, or manyattas, owned by the Twala women’s group. “This is elephant dung – they destroyed trees last […]

By January 21, 2017 0 Comments Read More →
Panasonic aims to move Tesla auto partnership beyond batteries -CEO

Panasonic aims to move Tesla auto partnership beyond batteries -CEO

Panasonic shifting into self-driving technology OSAKA, Jan 19 (Reuters) – Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business. The electronics maker has placed automotive applications at the centre of a growth […]

By January 19, 2017 0 Comments Read More →

Markham on Energy

Trump’s ‘border adjustment tax’ big unknown for Canadian oil and gas

Trump’s ‘border adjustment tax’ big unknown for Canadian oil and gas

Until Congress draws up tax reform legislation, impossible to estimate impact of border adjustment tax The Canadian oil and gas sector – producers, service companies, and manufacturers alike – is wringing its hands at the prospect of an American border adjustment tax, but economists say the concern is premature and could be completely unwarranted. The border […]

Dear Alberta, it’s time to talk about the energy transition

Dear Alberta, it’s time to talk about the energy transition

75% of oil production used to fuel transportation, but better batteries decades away Alberta, we need to talk. It’s time for you to confront the single greatest challenge of the 21st century: the rise of clean energy technologies that will push fossil fuels out of the market by 2100. Yes, I mean the energy transition. Friday’s […]

Christy Clark lands substantial Trans Mountain deal ahead of May election

Christy Clark lands substantial Trans Mountain deal ahead of May election

BC government $1 billion fiscal deal for Trans Mountain first of its kind in Canada The BC government issued an Environmental Assessment Certificate for the Trans Mountain Expansion pipeline Wednesday, ending almost five years of brilliant political dekeing and feinting by Premier Christy Clark, who had no legal authority to stop the project, but instead managed to stickhandle […]

Energy Politics

Trump takes aim at Obama Climate Action Plan -White House website

Trump takes aim at Obama Climate Action Plan -White House website

Trump sworn into office on Friday WASHINGTON, Jan 20 (Reuters) – The administration of President Donald Trump is committed to eliminating former President Barack Obama’s Climate Action Plan and other environmental initiatives, according to the recently updated White House website. “President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action […]

By January 20, 2017 0 Comments Read More →
Rick Perry softens stance on climate change

Rick Perry softens stance on climate change

Rick Perry Trump’s choice to head up US Energy Department By Timothy Gardner and Valerie Volcovici WASHINGTON, Jan 19 (Reuters) – Rick Perry, President-elect Donald Trump’s pick to run the U.S. Energy Department, said during a Senate confirmation hearing on Thursday that global warming caused by humans is real, but that efforts to combat it […]

By January 19, 2017 0 Comments Read More →
Scott Pruitt expresses doubts on climate, defends oil industry funding

Scott Pruitt expresses doubts on climate, defends oil industry funding

Scott Pruitt facing Senate hearings By Valerie Volcovici and Timothy Gardner WASHINGTON, Jan 18 (Reuters) – President-elect Donald Trump’s choice to lead the U.S. Environmental Protection Agency expressed doubt about the science behind global climate change during a contentious Senate confirmation hearing on Wednesday, but added he would be obliged for now to uphold the […]

By January 18, 2017 0 Comments Read More →

Energy News

Natural gas-fired power plants lead electric capacity additions in Mexico

Natural gas-fired power plants lead electric capacity additions in Mexico

Natural gas is Mexico’s largest source of electricity generation, accounting for 54 per cent of the country’s generation in 2015, up from 34 per cent in 2005, according to the US Energy Information Administration. According to Mexico’s national energy ministry (SENER), more than 60 per cent of Mexico’s electric capacity additions between 2016 and 2020 are projected to […]

By January 21, 2017 0 Comments Read More →
Oil prices stall as hedge funds stop adding to longs – Kemp

Oil prices stall as hedge funds stop adding to longs – Kemp

Net long position in NYMEX gasoline blendstock is largest since July 2014, when oil was beginning its long slide By John Kemp LONDON (Reuters) – Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final […]

By January 20, 2017 0 Comments Read More →
China – US trade tensions high on Big Oil’s worry list

China – US trade tensions high on Big Oil’s worry list

US trade tensions cloud global energy demand growth  By Dmitry Zhdannikov DAVOS, Switzerland, Jan 20 (Reuters) – Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil. “It is not unique to our […]

By January 20, 2017 0 Comments Read More →

Texas Life

Anadarko announces sale of Eagleford Shale assets

Anadarko announces sale of Eagleford Shale assets

Anadarko divestiture includes 155,000 net acres primarily located in Dimmit and Webb counties Anadarko Petroleum Corporation announced it has agreed to sell its Eagleford Shale assets in South Texas for approximately $2.3 billion to Sanchez Energy Corporation and Blackstone Group LP, according to a press release. “The ongoing success of our portfolio-management activities provides us […]

By January 19, 2017 0 Comments Read More →
Pemex imports first diesel cargo via train from Texas

Pemex imports first diesel cargo via train from Texas

Pemex says rail shipments will help diversify Mexico’s fuel supply By David Alire Garcia MEXICO CITY, Jan 17 (Reuters) – Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country’s energy opening, […]

By January 17, 2017 0 Comments Read More →
US shale output set to rise in February as prices rise

US shale output set to rise in February as prices rise

US shale production to rise by 41,000 b/d next month NEW YORK, Jan 17 (Reuters) – U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18-month highs. The month-on-month increase in production would be the first […]

By January 17, 2017 0 Comments Read More →

Energy Financial

Schlumberger expects international markets recovery in late 2017

Schlumberger expects international markets recovery in late 2017

Schlumberger Q4 revenue down 8 per cent  By Swetha Gopinath and Arathy S Nair Jan 20 (Reuters) – Schlumberger NV said on Friday that it does not expect a “dramatic” short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. The world’s No.1 oilfield services provider reported a […]

By January 20, 2017 0 Comments Read More →
Peabody Energy, shareholders face off in bankruptcy court

Peabody Energy, shareholders face off in bankruptcy court

Peabody Energy not ‘hopelessly insolvent’: Hedge fund By Tracy Rucinski ST. LOUIS, Jan 19 (Reuters) – Peabody Energy Corp , the world’s largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company’s $8 billion Chapter 11 bankruptcy, given a rise in prices for […]

By January 19, 2017 0 Comments Read More →
MEG Energy seeks leveraged loan as market reopens to oil and gas

MEG Energy seeks leveraged loan as market reopens to oil and gas

$1.235 billion MEG Energy deal to refinance debt, part of capital restructuring By Jonathan Schwarzberg NEW YORK, Jan 19 (Reuters) – Canadian oil and gas company MEG Energy is testing the capacity for oil-related loans with a US$1.235 billion deal that will be used to refinance debt and is part of an overall capital restructuring. The […]

By January 19, 2017 0 Comments Read More →