Archive for November, 2015
Iran unveils upgraded oil contract model, hoping for $30B investment after sanctions
Iran tries to entice foreign investment, unveils 50 new projects Saturday TEHRAN, Iran – Iran has unveiled a new model of oil contracts aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year. The new Iran Petroleum Contract (IPC) unveiled Saturday replaces the previous buy-back model. Iran has […]
How Canada failing to become an energy superpower doomed Alberta to a carbon tax
Canada did not become an energy superpower. Instead, it is what it has always been: a dependent supplier to the American behemoth Last Sunday, four Big Oil CEOs in expensive suits stood behind Alberta Premier Rachel Notley and cheered wildly as she clubbed their industry upside the head with a huge climate change two-by-four. Why […]
Price declines expected to broaden the energy storage market – IHS
“The breakdown of system costs, and the future evolution of prices, varies significantly depending on whether the system is configured to provide a high-power or high-energy application,” ENGLEWOOD, Colo. – Commercial energy storage activity is currently consolidated in just a handful of leading regions, but falling system costs will be a major factor enabling broader […]
Carbon tax major blow to Alberta’s investment climate
Alberta no longer has lowest top income tax rate, when federal and provincial or state taxes are combined, among Canadian provinces, US states Troy Media – Recent policy changes have buried the Alberta Advantage. The latest nail in the coffin comes from the provincial government’s new climate change strategy. For many years, Alberta’s strong investment […]
Resolute Energy selling Gardendale assets in Midland Basin
“We believe these transactions have positioned the Company to accelerate development of the attractive opportunities in our property base.” DENVER – Resolute Energy Corporation says it has entered into a definitive agreement to sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for a purchase price of $177.5 million. […]
Small changes can often make a green home remodel pay off faster
Green home remodel should be well planned out Investing in making your home more energy efficient can help the environment, lower your utility bills and possibly help you fetch a higher sale price. But homeowners considering a green remodel should also weigh how long it will take for the improvements to reap savings. Some pricey […]
Suncor says it will not extend COS takeover offer beyond Dec. 4 deadline
Suncor offered $4.5B all-stock offer to COS shareholders CALGARY _ A Suncor Energy executive says the company won’t extend its hostile takeover offer for Canadian Oil Sands past its Dec. 4 deadline. Steve Reynish, Suncor’s executive vice-president of strategy and corporate development, testified today before the Alberta Securities Commission today that the company would not extend […]
Japan says it plans $10.6B in climate finance for developing countries for 2020
Climate finance meant to help developing countries join in climate change effort TOKYO _ Gearing up for global warming talks in Paris next week, Japan said Thursday it plans to provide 1.3 trillion yen ($10.6 billion) in climate financing a year for developing countries from 2020, including public and private funds. Prime Minister Shinzo Abe made […]
Chemical Activity Barometer: US economy stabilizing after 3 month decline
Chemical Activity Barometer signals average lead of eight months at cycle peaks WASHINGTON – The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), stabilized in November, rising 0.1 per cent following three consecutive months of decline. Oct. data was revised up 0.3 per cent and Sept. by 0.2 percent. […]
Arguements in Canadian Oil Sands hostile takeover bid by Suncor heard by Alberta Regulator
Canadian Oil Sands has four ‘highly credible’ parties scoping out a deal with the company CALGARY _ The Alberta Securities Commission will hear arguments today into whether Canadian Oil Sands should be allowed to keep its defence against hostile takeovers. Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts […]
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