Archive for June, 2017

Ted (Morton) Talks Part 2: NEB reform, capital flight, Alberta competitiveness

Ted (Morton) Talks Part 2: NEB reform, capital flight, Alberta competitiveness

Is the Albert oil sector poised for more growth or struggling just to survive? This is Part 2 of an interview with Ted Morton – notorious Calgary School academic, conservative MLA and cabinet minister in several Alberta PC governments, and now a fellow of the School of Public Policy, from whence he comments on Canadian […]

Opinion: How automakers can survive disruption

Opinion: How automakers can survive disruption

Automakers need new business models where cost per mile are the new metric for success Tony Seba and James Arbib Jim Hackett, the newly appointed CEO of Ford, has the challenge of a lifetime. Ford right now is Nokia back when Apple and Google were building smartphones. Nokia was a world leader in mobile telephony […]

US rig count down for first week since January: Baker Hughes

US rig count down for first week since January: Baker Hughes

US rig count down by two in week to June 30 According to the weekly rig count report by Baker Hughes, for the first time since January, US oil drillers cut the number rigs this past week and the pace of additions this quarter has slowed as oil prices stagnate. The US rig count fell […]

Opinion: US shale producers are drilling themselves into a hole

Opinion: US shale producers are drilling themselves into a hole

Even US shale producers in Permian Basin struggling to make money By John Kemp LONDON, June 30 (Reuters) – US shale firms are drilling themselves into a deep hole despite warnings from industry leaders about the risk of flooding the market with too much crude. Drilling and production are rising. Prices are declining. Companies are […]

Oil prices up Friday, but H1 drop biggest since 1998

Oil prices up Friday, but H1 drop biggest since 1998

Oil prices up for seventh straight session Oil prices rose for the seventh straight session on Friday due to a weaker US dollar and data showing stronger demand from China and Baker Hughes reported a drop in the US rig count for the first time since January. Despite the boost, oil prices were set for […]

OPEC oil output at 2017 high on increased Libyan, Nigerian production

OPEC oil output at 2017 high on increased Libyan, Nigerian production

OPEC oil output up by 280,000 b/d A study by Reuters found that in June, OPEC oil output was up by 280,000 barrels per day (b/d) and reached its highest point this year due to increased production from Libya and Nigeria. The cartel’s increase occurred despite high compliance with the OPEC supply cut agreement by […]

Canadian innovations continue to shape the future of energy

Canadian innovations continue to shape the future of energy

In 2016, SAGD used for 36% of oil sands production, up from 20% in 2010 Canada turns 150 on July 1 and what many Canadians may not know is the role our country has played innovating energy technology. Energy has always been a big part of the national economy, but it hasn’t always been easy […]

Horgan and NDP in, Clark and Liberals out – what’s next for energy in British Columbia?

Horgan and NDP in, Clark and Liberals out – what’s next for energy in British Columbia?

Fractious battle over Kinder Morgan pipeline, languishing LNG, fracking banished to “science review” – likely scenario Congratulations to John Horgan, NDP leader and new premier of British Columbia. The Liberal government of Christy Clark lost a non-confidence motion Thursday and Lt.-Gov. Judith Guichon invited Horgan, backed by Green Party leader Andrew Weaver, for form a government. Energy […]

ABP leader Greg Clark pushing for Sturgeon Refinery ‘risk assessment’ after $800 million over-runs

ABP leader Greg Clark pushing for Sturgeon Refinery ‘risk assessment’ after $800 million over-runs

“I believe this is a good recommendation and should underpin future policy steps the Alberta govt might consider” – economist Michal C. Moore For the second time in 18 months, Alberta Party Leader Greg Clark has asked the Alberta auditor general to review the financial risk to the Alberta government of its involvement with the Sturgeon […]

Mississippi Power suspends coal gasification Kemper County power plant

Mississippi Power suspends coal gasification Kemper County power plant

Mississippi Power will operate on natural gas On Thursday, Mississippi Power and its parent company Southern Company announced coal gasification operations at their Kemper County power facility would be suspended. The plant was supposed to be a model for the future of coal and was designed to capture carbon dioxide.  But on Wednesday, the company […]