Archive for January, 2016

Canadian pipeline assessment rules to be released by federal government

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 […]

By January 27, 2016 0 Comments Read More →
Shell BG purchase deal approved by shareholders

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 […]

By January 27, 2016 0 Comments Read More →
Kosmos Energy finds significant natural gas discovery offshore Senegal

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 […]

By January 27, 2016 0 Comments Read More →
Natural gas pricing between Henry Hub, Marcellus narrows – EIA

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 […]

By January 27, 2016 0 Comments Read More →
Clean Power Plan delay sought by coalition of 25 states

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 […]

By January 26, 2016 0 Comments Read More →
Proposed western US coal mine expansions test moratorium on coal sales

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 […]

By January 26, 2016 0 Comments Read More →
Obama promotes Nigeria’s dirty oil, but rejects Keystone XL…WTH?

Obama promotes Nigeria’s dirty oil, but rejects Keystone XL…WTH?

Canadian oil sands producers pledged to reduce GHG emissions, Alberta introduces strict new climate policies. What has Nigeria done to earn favored status? Now that President Obama and Canadian Prime Minister Justin Trudeau are buds, he needs to explain to his northern neighbor why the USA is promoting dirty Nigerian oil, but rejected Alberta oil […]

Law firm says Plains All American Pipeline may have misled investors

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 […]

By January 26, 2016 0 Comments Read More →
Nigerian oil, African opportunities heralded by US Commerce Secretary

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 […]

By January 26, 2016 1 Comments Read More →
Crude oil futures comparisons affected by changing contract expiration dates – EIA

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 […]

By January 26, 2016 0 Comments Read More →