Archive for January, 2017

Industry group boosts Canadian oil well drilling forecast

Industry group boosts Canadian oil well drilling forecast

Canadian oil services company seeing uptick in activity CALGARY, Alberta, Jan 30 (Reuters) – The Petroleum Services Association of Canada upped its 2017 Canadian oil and gas well drilling forecast by 23 per cent on Monday as global oil prices recover from a two-year rout. The industry body now estimates 5,150 wells will be drilled across Canada […]

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By 2020, Honda, GM to jointly produce fuel cell power systems in U.S.

By 2020, Honda, GM to jointly produce fuel cell power systems in U.S.

Fuel cell innovations could also be used in aerospace, military applications By Naomi Tajitsu and Paul Lienert TOKYO/DETROIT, Jan 30 (Reuters) – Honda Motor Co Ltd and General Motors Co (GM) will jointly produce pollution-free hydrogen fuel cell power systems in the United States from around 2020, the companies said Monday, despite President Donald Trump’s promises […]

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Russian Arctic military push biggest since Soviet fall

Russian Arctic military push biggest since Soviet fall

New bases built, derelict airfields unsealed in Russian Arctic By Andrew Osborn MURMANSK, Russia, Jan 30 (Reuters) – The nuclear icebreaker Lenin, the pride and joy of the Soviet Union’s Arctic great game, lies at perpetual anchor in the frigid water here. A relic of the Cold War, it is now a museum. But nearly […]

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MGX Minerals hunts battery lithium in oilfields

MGX Minerals hunts battery lithium in oilfields

MGX Minerals using lithium found in oilfield wastewater in process By Barbara Lewis LONDON, Jan 30 (Reuters) – Canada’s MGX Minerals is close to completing testing of technology that uses brine from oilfields aiming to shorten the production of lithium to just one day, CEO Jared Lazerson told Reuters. Hopes for the trial and plans […]

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Chevron says to give CEO fewer stock options

Chevron says to give CEO fewer stock options

Chevron says changes strengthen accountability for performance Jan 30 (Reuters) – Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability. […]

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Trial opens for activist charged in Kinder Morgan pipeline disruption

Trial opens for activist charged in Kinder Morgan pipeline disruption

Activists hope Kinder Morgan protest trial will serve as referendum on climate change By Dan Whitcomb Jan 30 (Reuters) – A jury was selected in Washington state on Monday in the first trial over a coordinated protest that disrupted the flow of millions of barrels of crude oil into the United States, a proceeding activists […]

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Oil prices slip as more U.S. drilling revives concern about glut

Oil prices slip as more U.S. drilling revives concern about glut

To get oil prices over $60/barrel in 2018, more supply cuts needed: Analysts  By Jessica Resnick-Ault NEW YORK, Jan 30 (Reuters) – Oil prices fell on Monday as news of another weekly increase in U.S. drilling activity had oil forecasters concerned that production cuts from other producing nations may not reduce the global supply glut as […]

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U.S. will change course on climate change policy: Former EPA transition head

U.S. will change course on climate change policy: Former EPA transition head

U.S. may withdraw from UN Framework Convention on Climate Change By Nina Chestney LONDON, Jan 30 (Reuters) – The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team until his inauguration. […]

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U.S. lawmaker moves to scrap SEC’s resource extraction rule

U.S. lawmaker moves to scrap SEC’s resource extraction rule

Opponents to move say resource extraction rule could help reduce corruption By Sarah N. Lynch and Lisa Lambert WASHINGTON, Jan 30 (Reuters) – Two senior U.S. lawmakers unveiled legislative plans on Monday to scrap a rule devised under the 2010 Dodd-Frank financial reform law requiring publicly-traded mining, oil and gas companies to disclose payments they make […]

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Important context for Canadian study on fracking and fish

Important context for Canadian study on fracking and fish

Vermont produces no oil or gas, spill database shows 650 to 900 spills a year of oil, propane and industrial wastewater By Seth Whitehead, EnergyInDepth Researchers from the University of Alberta released a new study this week that finds exposure to fracking flowback water “can” cause health problems in fish, specifically liver and gill damage. […]

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