Archive for August, 2015

Ukraine asks for lower Russian gas prices after debt writedown

Ukraine asks for lower Russian gas prices after debt writedown

Ukraine and Russian gas disputes have led to supply cut-offs in the past MOSCOW – Emboldened by a deal with international creditors to write down part of its debt, Ukraine on Friday asked Russia for lower gas prices for the winter season. Gas disputes between Russia and Ukraine have led to cut-offs of supply in the past, […]

Oil prices: Biggest one day gain since 2009, but analysts don’t anticipate sustained rally

Oil prices: Biggest one day gain since 2009, but analysts don’t anticipate sustained rally

Oil prices gain Thursday NEW YORK – Oil prices soared more than 10 per cent Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than previously reported in the second quarter. U.S. oil rose $3.96, or 10.3 per cent, to $42.56 in New […]

Gulf of Mexico energy production should be undisturbed by hurricane season

Gulf of Mexico energy production should be undisturbed by hurricane season

Gulf of Mexico share of American oil and gas production declined significantly Offshore oil and gas production in the Gulf of Mexico has been relatively undisturbed by tropical storms and hurricanes in recent years, and the 2015 season should be more of the same, according to the US Energy Information Administration. National Oceanic and Atmospheric Administration […]

Ecuador oil: President says country is losing money on every barrel of oil it produces

Ecuador oil: President says country is losing money on every barrel of oil it produces

Ecuador oil sales contribute to 13 per cent of national budget QUITO, Ecuador –  Ecuadoreans are already contending with a rumbling, ash-spewing volcano and rising living costs because they use the appreciating U.S. dollar as their currency. Now they’ve been told that Ecuador’s oil, its principal export and a vital source of government funding, costs more to […]

Oil price up 10 pct: Lifted by resurgent stocks, US economic growth

Oil price up 10 pct: Lifted by resurgent stocks, US economic growth

Oil price up – highest gain since 2008 NEW YORK- North American markets surged for a second consecutive session Thursday as investors continued to buy up stocks beaten down in a six-day sell-off that started over a week ago amid fears of a major slowdown in China’s economy. In Toronto, the S&P/TSX composite index, up more […]

Gallup: America loving oil and gas industry

Gallup: America loving oil and gas industry

Oil and gas industry approval rating goes up as gasoline prices go down Americans’ views of the oil and gas industry continue to improve, with 34 per cent now saying they have a positive view of it. That is up 12 percentage points since 2012, and is one point lower than the 15-year high of 35 per […]

Taylor Energy reaches settlement in 2004 Gulf of Mexico spill

Taylor Energy reaches settlement in 2004 Gulf of Mexico spill

Taylor Energy to make $300K donation to Louisiana marine research   NEW ORLEANS – Environmental groups and a New Orleans energy company have reached a settlement agreement in a lawsuit stemming from the company’s failed efforts to stop a decade-old, slow-motion oil spill in the Gulf of Mexico. A federal court filing Thursday stated that an agreement […]

U.S. lawmakers tour Canadian carbon capture, storage project

U.S. lawmakers tour Canadian carbon capture, storage project

Lindsey Graham says carbon capture works, has multiple uses ESTEVAN, Canada – U.S. presidential candidate Lindsey Graham is praising carbon capture and storage technology in Saskatchewan and says it’s time to pursue similar projects in his own country. The Republican senator for South Carolina was part of a delegation of U.S. lawmakers who toured SaskPower’s Boundary […]

NE BC 4.6 earthquake link to fracking not yet confirmed

NE BC 4.6 earthquake link to fracking not yet confirmed

BC Oil and Gas Commission enforcing mitigation plan, such as reduced fracking pressures A natural gas producer in northeastern British Columbia that halted work after a 4.6-magnitude earthquake last week says its fracking operation maybe not be the cause of the seismic activity. Progress Energy, which is owned by Malaysia’s Petronas and has been linked to the largest […]

Last gasp of American  market for small wind turbines?

Last gasp of American market for small wind turbines?

Expiration of cash payment option for tax credit severe blow to small wind turbines build out The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year’s installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy […]