June 2016

Plug-in electric vehicle market to grow 62% year over year – Navigant

Innovation

While plug-in electric vehicle sales have been concentrated on the US West Coast, adoption in Northeastern states expected to grow BOULDER, Colo.- A new report from Navigant Research forecasts significant growth in 2016 American plug-in electric vehicle sales, driven primarily by sub-$40,000 PEVs. The study assesses plug-in electric vehicle sales and populations in the US and Canada, […]

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Expanded Panama Canal reduces shipment time for US LNG to Asian markets

News

EIA estimates LNG traffic through Panam Canal could reach more than 550 vessels annually, or 1-2 vessels per day, by 2021 The newly expanded Panama Canal will be able to accommodate 90 per cent of the world’s current liquefied natural gas (LNG) tankers with LNG-carrying capacity up to 3.9 Bcf according to the US Energy Information Administration. Prior

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ExxonMobil confirms significant oil discovery – up to 1.4B barrels – offshore Guyana

News

Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest IRVING, Texas- Exxon Mobil Corporation says that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We

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Fewer imports, higher refinery runs prompted lower US crude oil inventories

News

US gasoline stocks now 11.46% above 5-year average after being in line with average until end of 2015 US Energy Information Administration data Wednesday showed that a reduction in US crude oil imports and an increase in refinery utilization pulled more crude out of storage during the latest reporting week, according to S&P Global Platts. US

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Mexico, U.S., Canada amend NAFTA origin rules on host of products

News

NAFTA rules on natural gas to be amended June 29 (Reuters) – Mexico, the United States and Canada have signed off on amending the North American Free Trade Agreement (NAFTA) to liberalize rules of origin for a host of products, the Canadian prime minister’s Web site said. Products covered include natural gas, pharmaceuticals, cosmetics, rubber, metals,

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ETE officially terminates Williams merger, Williams prepared to fight

Energy Financial

On June 20th, a Williams Cos Inc board member testified she felt pressured by her own company to support the $20 billion merger DALLAS-Energy Transfer Equity, L.P. announced termination of its merger agreement with The Williams Companies, Inc. effective June 29. This news comes as Williams announced that shareholders on June 27th voted in favour of the merger. “During

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North American leaders pledge to up clean energy production to 50% by 2025

News

North American leaders vow to boost trade despite threats By Roberta Rampton and David Ljunggren OTTAWA, June 29 (Reuters) – Canada, the United States and Mexico on Wednesday mounted a fierce defense of free trade, vowing to deepen economic ties despite shifting political debate about the value of globalization. U.S. President Barack Obama and Mexican

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