Archive for March, 2017

Trump to reverse Obama’s ban on new federal coal leases, but industry awash in coal

Trump to reverse Obama’s ban on new federal coal leases, but industry awash in coal

Many companies have enough coal leases to last well over a decade On Tuesday, the Trump administration will sign a decree to reverse former President Obama’s 2016 ban on new federal coal leases as part of the government’s move to reduce green regulations Trump says have hobbled drilling and mining industries. “When we evaluate energy, […]

By March 28, 2017 0 Comments Read More →
Armed protests cut Libyan oil production by 252,000 b/d

Armed protests cut Libyan oil production by 252,000 b/d

Stoppage threatens Libyan oil production revival Libyan oil production from two of the country’s western oilfields was blocked by armed protesters, reducing the struggling country’s output by 252,000 b/d, a source at the National Oil Corporation told Reuters on Tuesday. As a result, NOC declared a force majeure on Sharara crude loadings from the Zawiya oil […]

By March 28, 2017 0 Comments Read More →
Oil prices up on Libyan disruption, OPEC deal extension hopes

Oil prices up on Libyan disruption, OPEC deal extension hopes

Oil prices up nearly 2 per cent Oil prices rose nearly 2 per cent on Tuesday after armed factions blocked production at two oilfields in Libya and some officials suggested the OPEC supply cut agreement would be extended to the end of the year. The two Libyan oil fields under attack are the western fields […]

By March 28, 2017 0 Comments Read More →
Wildrose climate denial could hurt Alberta oil sands, pipeline projects

Wildrose climate denial could hurt Alberta oil sands, pipeline projects

Memo to Drew Barnes: Other provinces, US States, are listening…and Alberta needs their support So, Wildrose energy critic Drew Barnes helped fund a climate change-denying film. I’m not surprised because Barnes reflects the attitude of many Albertans. What does alarm me, though, is how Barnes and Alberta conservatives seem to think their support for climate change […]

Canada still top market, but US crude oil exports went to more destinations in 2016

Canada still top market, but US crude oil exports went to more destinations in 2016

Oil tankers were available for back-haul voyages at low rates, reducing US export transportation costs In 2016, US crude oil exports averaged 520,000 b/d, 55,000 b/d (12 per cent) above the 2015 level, despite a year-over-year decline in domestic crude oil production, according to the US Energy Information Administration. Even though oil exports have increased, growth […]

Don’t forget California oilfield workers

Don’t forget California oilfield workers

Industry continues providing accessible American dream for those who might otherwise not had it Contributed by California Independent Petroleum Association CIPA recently produced a short but powerful video highlighting the contributions that oil and gas workers make to the state. The video shows how California’s energy industry creates employment opportunities for men and women of all backgrounds, […]

Acceleware successfully field tests low-carbon, low-cost oil sands production technology

Acceleware successfully field tests low-carbon, low-cost oil sands production technology

Acceleware had all objectives successfully achieved during the three-day test run Calgary-based Acceleware Ltd. says it has successfully tested a new radio frequency technology that reduces emissions and costs for oil sands production, potentially eliminating steam-assisted gravity drainage (SAGD) techniques. RF XL is a “revolutionary” low-cost, low-carbon radio frequency (RF) enhanced oil recovery for both situ oil sands and […]

Iran oil, energy sector expand with help from Russia

Iran oil, energy sector expand with help from Russia

Iran oil sector recovering from international sanctions Iranian President Hassan Rouhani met with Russian Prime Minister Dmitry Medvedev on Monday in a bid to further develop a warmer relationship that has recently been strengthened by both countries’ involvement in the war in Syria. At the outset of the visit, Rouhani said “I hope that a […]

By March 27, 2017 0 Comments Read More →
Shell, Anadarko may let Permian JV expire to speed up development

Shell, Anadarko may let Permian JV expire to speed up development

10-year long Permian joint venture unlikely to be renewed Royal Dutch Shell and Anadarko Petroleum are exploring the possibility of letting a 10-year joint venture in the Permian Basin expire. The move would allow both companies to split their properties in an effort to speed up development, according to a report by Reuters. A senior Shell executive […]

By March 27, 2017 0 Comments Read More →
OPEC supply cuts extension may not be warranted: Goldman Sachs

OPEC supply cuts extension may not be warranted: Goldman Sachs

OPEC supply cuts not necessary unless supply and demand fundamentals deteriorate Goldman Sachs said an extension of the OPEC supply cuts agreement is not warranted unless there is a deterioration of supply and demand fundamentals. In a note released on Sunday, analysts part of the Global Investment Research Commodities team at Goldman Sachs said OPEC and […]

By March 27, 2017 0 Comments Read More →