Archive for November, 2016
We come to bury Northern Gateway, not to praise it
Northern Gateway proves that if Canadian oil/gas industry doesn’t change its political narrative, pipeline projects are in danger Northern Gateway – the dead pipeline walking, the zombie pipeline – finally died yesterday at the hands of Justin Trudeau. Good riddance. But has the Canadian oil and gas industry learned anything from its failure? The project […]
Liberals count on math, time to survive Trans Mountain uproar
Liberals count on math, time to survive pipeline uproar By David Ljunggren OTTAWA, Nov 30 (Reuters) – Despite open signs of nervousness among legislators, Canada’s ruling Liberals bet they can survive the political damage caused by allowing the Trans Mountain pipeline to be built from the Alberta oil sands to the Pacific coast. Prime Minister Justin […]
U.S. veterans to form human shield at Dakota pipeline protest
Dakota Access pipeline almost complete, except for section under Lake Oahe By Terray Sylvester CANNON BALL, N.D., Nov 30 (Reuters) – More than 2,000 U.S. military veterans plan to form a human shield to protect protesters of the Dakota Access pipeline project near a Native American reservation in North Dakota, organizers said, just ahead of a federal […]
Officials back away from checking cars headed to Dakota Access pipeline protest
Dakota Access protesters say project poses danger to water, sacred sites By Terray Sylvester CANNON BALL, N.D., Nov 30 (Reuters) – North Dakota law enforcement will not make spot checks on vehicles headed to the camp where activists are protesting the Dakota Access Pipeline project near a Native American reservation, the governor’s office said on […]
New pipelines no silver bullet for battered Canadian oil industry
Canadian oil industry needs crude prices to pick up By Nia Williams CALGARY, Alberta, Nov 30 (Reuters) – Canada’s oil sands producers are getting a long-awaited boost in export capacity, but the two pipeline projects approved this week will not be a silver bullet for the Canadian oil industry woes unless crude prices pick up or companies […]
After OPEC deal, oil expected to rally, for the moment
Price bump following OPEC deal expected to last into next week By Devika Krishna Kumar and Jessica Resnick-Ault NEW YORK, Nov 30 (Reuters) – Oil‘s blistering rally of up to 10 per cent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world’s top producers announced […]
Leaner and meaner US shale greater threat to OPEC after oil price war
US shale oil costs roughly halved since 2014 By Catherine Ngai and Ernest Scheyder NEW YORK/HOUSTON In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq. Until a few years ago it […]
Saudi Arabia becomes net fuel oil importer for 3rd time
Saudi Arabia fuel oil demand rises due to increase in oil-fired power generation By Roslan Khasawneh SINGAPORE, Nov 30 (Reuters) – Saudi Arabia in September flipped to a net importer of residual fuel oil for the third time since record-keeping began, Joint Organisations Data Initiative (JODI) data showed, potentially having a “significant” impact on the […]
Shell green energy deals studied to prepare for future after oil
Shell green energy deals to meet investor demands, climate policies By Karolin Schaps and Ron Bousso LONDON, Nov 30 (Reuters) – Royal Dutch Shell, the world’s second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy beyond fossil fuels. Shell, which […]
Mexico to benefit from oil output cut – finance minister
Mexico’s crude up over 4 per cent following oil output cut announcement MEXICO CITY, Nov 30 (Reuters) – Mexican Finance Minister Jose Antonio Meade said on Wednesday that any crude production cut by OPEC would be positive for Mexico’s finances and the health of state oil company Pemex after an agreement by producers to curb […]
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