Archive for January, 2016
Canadian pipeline assessment rules to be released by federal government
Canadian pipeline assessment process likely to include upstream greenhouse gas emissions OTTAWA _ The Liberal government is poised to announce new rules today for assessing major resource projects such as oil pipelines. A technical briefing is being scheduled for news media before Natural Resources Minister Jim Carr announces the new process this afternoon. Liberals say […]
Shell BG purchase deal approved by shareholders
Over 80 per cent of shareholders approved the $49 billion Shell BG deal LONDON _ Royal Dutch Shell shareholders have overwhelmingly backed the 34 billion pound ($49 billion) bid to buy BG Group, despite a slide in oil prices that have had some critics wondering about the wisdom of the mega-deal. More than 80 per […]
Kosmos Energy finds significant natural gas discovery offshore Senegal
Kosmos Guembeul-1 confirms the presence of a world class gas resource that extends into both Senegal and Mauritania DALLAS, Texas – Kosmos Energy announced today that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a significant gas discovery. Located approximately five kilometers […]
Natural gas pricing between Henry Hub, Marcellus narrows – EIA
Marcellus, Utica production grown rapidly over past several years, infrastructure growth has not kept pace New pipelines in the Marcellus and Utica shale plays are narrowing the natural gas pricing with the Henry Hub, according to the US Energy Information Administration. Natural gas spot prices around the United States are often compared to prices at […]
Clean Power Plan delay sought by coalition of 25 states
Clean Power Plan designed to reduce greenhouse gas emissions WASHINGTON _ A coalition of 25 states opposing President Obama’s plan to reduce greenhouse gas emissions is asking the Supreme Court to stop the new regulations from taking effect until after their legal challenge is resolved. West Virginia and Texas are leading the group of largely […]
Proposed western US coal mine expansions test moratorium on coal sales
US coal mine expansions at government-controlled reserves in Montana, Wyoming BILLINGS, Mont. _An Obama administration move to overhaul coal sales from public lands will be put to its first test this week as companies seek to advance two major mining projects in the Western U.S. Cloud Peak Energy and Lighthouse Resources Inc. want to mine […]
Law firm says Plains All American Pipeline may have misled investors
Line 901 oil spill onto Pacific coastline initially called a small spill, until months later it was revealed to be much larger, and the U.S. Department of Justice had initiated a criminal investigation into the spill A Denver law firm says that as part of a class action lawsuit it is investigating whether officers and directors of Houston-based Plains […]
Nigerian oil, African opportunities heralded by US Commerce Secretary
Naira currency slumping, good time to invest in Nigerian oil LAGOS, Nigeria _ U.S. Commerce Secretary Penny Pritzker and a slew of American business executives are meeting in Nigeria to encourage trade they say will create jobs on both continents. The visit to Nigeria, expected to be among the top 10 economies in the world […]
Crude oil futures comparisons affected by changing contract expiration dates – EIA
With earlier expiration dates for Brent contract, prompt month prices for Brent, WTI represent same delivery period on fewer days each month. A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for West Texas Intermediate (WTI) crude oil, according to […]
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