January 2017 - The American Energy News

Brazil solar energy drive stalled by high costs, strict rules

Expensive local supplies, low currency impediments to Brazil solar energy growth By Luciano Costa SAO PAULO, Jan 31 (Reuters) – A government plan to spur the construction of solar energy farms in Brazil is faltering because of high costs, strict rules requiring local components and low-priced competition from Chinese suppliers, say regulators and power sector executives. […]

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Anadarko posts bigger-than-expected quarterly loss

Energy Financial

Anadarko posts smaller quarterly loss Jan 31 (Reuters) – Oil and gas producer Anadarko Petroleum Corp reported a bigger-than-expected quarterly loss on Tuesday as cost cuts failed to offset the impact of weak oil prices. Crude prices have crossed the $50 barrier as a global glut eases, but are still a long way off from

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Dear Vancouver, Burnaby: You can’t give us one lousy pipeline? – Justin Trudeau, Rachel Notley

Markham on Energy

Canada, BC and Alberta have compromised to make Trans Mountain possible, now it’s time for Vancouver, Burnaby to compromise, too Canadian federalism has always been about regions. individual provinces, and the national government compromising to get things done. During the 150th anniversary of the nation, the mayors of Vancouver and Burnaby need to relearn their

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Clean-up begins at Dakota Access pipeline protest camp

News

Dakota Access clean up agreed to by authorities, protesters By Terray Sylvester CANNON BALL, N.D., Jan 30 (Reuters) – Dump trucks and heavy machinery rolled into the protest camp near the site of the Dakota Access Pipeline on Monday, and crews began filling large dumpsters with garbage that has accumulated, much of it now buried

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Oslo trash incinerator shows promise in climate change test

Innovation

Oslo trash incinerator costs very high By Alister Doyle OSLO, Jan 31 (Reuters) – The Oslo trash incinerator has shown promising results in the world’s first experiment to capture greenhouse gases from the fumes of burning rubbish as a new way to slow climate change, officials said on Tuesday. If built at full scale, however, the

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Valero says record biofuels compliance costs to continue in 2017

News

Valero spent $749 million on RFS compliance in 2016 By Chris Prentice NEW YORK, Jan 31 (Reuters) – Valero Energy Corp on Tuesday signalled that record high costs to comply with the U.S. renewable fuels program will continue this year, after the oil refiner was hit with a ballooning tab for the program in 2016.

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After Shell deal, Chrysaor in the market for more North Sea assets

News

Chrysaor output up to 115,000 boe/d By Karolin Schaps LONDON, Jan 31 (Reuters) – Chrysaor, which has just bought much of Shell’s UK North Sea assets for up to $3.8 billion, said it was in the market for more North Sea deals to expand its newly acquired position as one of the basin’s biggest independent producers.

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Consol Energy plans to sell or spin-off coal business

News

Consol Energy focussing on oil and gas business Jan 31 (Reuters) – Coal and natural gas producer Consol Energy Inc broke even on an adjusted basis in the fourth quarter, and said it planned to sell its coal business or spin it off to shareholders. The Pittsburgh-based company, which spun off some of its coal

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Diversified Gas & Oil London listing set to be largest since 2014 price crash

Energy Financial

Diversified Gas & Oil to raise $50 million in London AIM IPO By Karolin Schaps LONDON, Jan 31 (Reuters) – Diversified Gas & Oil, a conventional gas producer in the United States, is set to list on London’s junior AIM market on Friday and raise $50 million, the biggest oil and gas flotation since oil prices

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OPEC supply cut reaches 82 per cent compliance in January: Reuters survey

News

OPEC supply cut amounts to 1.07 million b/d By Alex Lawler and Rania El Gamal LONDON/DUBAI, Jan 31 (Reuters) – OPEC’s oil output is set to fall by more than 1 million barrels per day (b/d) this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its

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