Markham on Energy

Oil sands players back Notley’s energy/climate policies – sticky politics for new conservative party?

Oil sands players back Notley’s energy/climate policies – sticky politics for new conservative party?

Oil sands players believe Climate Leadership Plan will help them lower production costs, crude oil carbon-intensity This weekend members of the Wildrose Party and the PC Assoc. of Alberta are deciding if they want to merge into a United Conservative Party. If the merger goes ahead, the new party will eventually generate a policy platform. […]

“Technology renaissance” transforming oil sands in situ production – lowering costs, carbon-intensity

“Technology renaissance” transforming oil sands in situ production – lowering costs, carbon-intensity

“Oil and gas producers need to be carbon-competitive and cost-competitive” – Suncor CEO Steve Williams A technology revolution is taking place in the Alberta oil sands. Suncor and Cenovus, two of the largest oil sands producers, released their sustainability reports earlier this week and both are making steady progress toward the goals of reducing the […]

Trudeau Liberals’ popularity surprisingly strong in BC, Alberta – can it survive Trans Mountain Expansion?

Trudeau Liberals’ popularity surprisingly strong in BC, Alberta – can it survive Trans Mountain Expansion?

Trudeau Liberals handling of upcoming pipeline protests could seriously damage – or help – popularity in BC, Alberta A new public opinion poll from Abacus Data shows the federal Liberals with surprisingly high popularity in British Columbia despite Ottawa’s approval of the Kinder Morgan pipeline and in Alberta where the the party received only a […]

Energy Politics

ExxonMobil challenges “retroactive changes” on Russian sanctions by US Treasury

ExxonMobil challenges “retroactive changes” on Russian sanctions by US Treasury

ExxonMobil argues Treasury can’t apply sanctions just because it retroactively changes its interpretation of rules ExxonMobil said it has launched a legal challenge to a finding by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it violated U.S. sanctions against Russia in 2014 when the company followed authoritative and specific guidance from the Obama […]

5 reasons US could be world’s top LNG exporter sooner rather than later

5 reasons US could be world’s top LNG exporter sooner rather than later

Challenge is how to get LNG out of US and into global markets By Seth Whitehead, EnergyInDepth Last month, EID highlighted how the U.S. has become a major liquefied natural gas (LNG) exporter virtually overnight. The trend has certainly continued. In the 17 short months since the first shipment of U.S. LNG departed Cheniere Energy’s Sabine Pass […]

Lawmakers seek probe into alleged Russian funding of anti-fracking groups

Lawmakers seek probe into alleged Russian funding of anti-fracking groups

U.S. anti-fracking groups named in letter either ignored accusations or outright dismissed them By Seth Whitehead, EnergyInDepth Whispers of Russian interference in American affairs just won’t go away. And it’s not just the alleged interference you’re probably thinking of that’s in the news again. U.S. House Science, Space, and Technology Committee Chairman Lamar Smith (R-Texas) and Energy […]

Energy News

US gas and oil rig count down by 2, Canadian rig count up 15

US gas and oil rig count down by 2, Canadian rig count up 15

Rig count expected to continue rising through at least 2019 In its weekly review, General Electric Co’s Baker Hughes reports the US rig count fell for the second week since January and now sits at 950. Drillers cut one oil rig and one gas rig in the week ending July 21. During the same period […]

Opinion: Saudi Arabia curtails crude flow to United States

Opinion: Saudi Arabia curtails crude flow to United States

Saudi Arabia crude exports to US at slowest rate since 2015 By John Kemp LONDON, July 21 (Reuters) – Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain visible inventories and support prices. The United States imported an average of 524,000 barrels per […]

Clean energy tech brief July 20: Captain Kirk explores the outer reaches of…home solar energy

Clean energy tech brief July 20: Captain Kirk explores the outer reaches of…home solar energy

Also in this brief: Only 1 in 8 US homes uses programmed thermostat with central AC, will there be enough lithium to meet growing battery needs William Shatner joins Save Money, Save the World alliance, switches home to solar power Actor William Shatner, famous for playing Captain Jame T. Kirk on the 1960s Star Trek TV series and […]

Texas Life

Texas pipeline rupture forces evacuations, shut down of Magellan pipeline

Texas pipeline rupture forces evacuations, shut down of Magellan pipeline

Texas pipeline rupture near Bastrop A Texas pipeline rupture near the city of Bastrop on Thursday morning spilled about 1,200 barrels of oil and forced the evacuation of nearby residents. The Longhorn pipeline is operated by Magellan Midstream Partners and transports crude from Crane, Texas to Houston.  The line ruptured about 4 miles southwest of […]

Texas drilling permits and completions statistics for June 2017

Texas drilling permits and completions statistics for June 2017

Texas rig count as of July 7 was 463, 49% of all active rigs in U.S. The Railroad Commission of Texas (Commission) issued a total of 1,305 original drilling permits in June 2017 compared to 656 in 2016, according to a press release. The June total included 1,131 permits to drill new oil or gas […]

Texas oil and gas production statistics for April 2017

Texas oil and gas production statistics for April 2017

Texas production in April 2017 came from 179,422 oil wells and 92,879 gas wells Production for April 2017 as reported to the Railroad Commission of Texas is 78,389,597 barrels of crude oil and 605,379,703 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production […]

Energy Financial

Oil prices news brief: Crude prices drop; Big Oil likely to double down on cost cuts

Oil prices news brief: Crude prices drop; Big Oil likely to double down on cost cuts

Oil prices down 2 per cent On Friday, oil prices dropped about 2 per cent after consultant Petro-Logisitcs forecast an increase in OPEC production this month, despite the cartel’s deal to curb output. Brent crude futures were down 92 cents to $48.38/barrel at 12:16 p.m. EDT and US WTI futures traded at $45.99/barrel, down 93 […]

Oil prices reach six-week high on larger-than-expected drop in US crude stocks

Oil prices reach six-week high on larger-than-expected drop in US crude stocks

Oil prices up 2 per cent Oil prices were up over 1 per cent on Wednesday after data from the US Energy Information Administration showed a larger-than-expected draw in crude stocks and a surprising drop in distillate inventories. Brent crude futures for September ended the day up 86 cents to $49.70 and US WTI for […]

Oil prices rise on strong demand, but market remains tight

Oil prices rise on strong demand, but market remains tight

Oil prices rise, but market players wait for next price catalyst On Tuesday, oil prices rose as demand for crude, particularly in China, helped tackle the global oil supply glut, but Reuters reports traders say the market remains in a tight range and shows few signs of big short-term moves. Brent crude settled up 42 […]