Archive for July, 2017

Oil sands players back Notley’s energy/climate policies – sticky politics for new conservative party?

Oil sands players back Notley’s energy/climate policies – sticky politics for new conservative party?

Oil sands players believe Climate Leadership Plan will help them lower production costs, crude oil carbon-intensity This weekend members of the Wildrose Party and the PC Assoc. of Alberta are deciding if they want to merge into a United Conservative Party. If the merger goes ahead, the new party will eventually generate a policy platform. […]

Alberta news brief July 21: Encana sued in US over climate change misinformation

Alberta news brief July 21: Encana sued in US over climate change misinformation

Also in this brief: Encana posted Q2 net earnings of $331 million, premiers meet in Edmonton to discuss Canadian Energy Strategy According to the CBC, Encana has been named in three lawsuits filed on Monday that are trying to link damages suffered from climate change to the industry’s attempts to slow down action on the issue. […]

US gas and oil rig count down by 2, Canadian rig count up 15

US gas and oil rig count down by 2, Canadian rig count up 15

Rig count expected to continue rising through at least 2019 In its weekly review, General Electric Co’s Baker Hughes reports the US rig count fell for the second week since January and now sits at 950. Drillers cut one oil rig and one gas rig in the week ending July 21. During the same period […]

Oil prices news brief: Crude prices drop; Big Oil likely to double down on cost cuts

Oil prices news brief: Crude prices drop; Big Oil likely to double down on cost cuts

Oil prices down 2 per cent On Friday, oil prices dropped about 2 per cent after consultant Petro-Logisitcs forecast an increase in OPEC production this month, despite the cartel’s deal to curb output. Brent crude futures were down 92 cents to $48.38/barrel at 12:16 p.m. EDT and US WTI futures traded at $45.99/barrel, down 93 […]

Opinion: Saudi Arabia curtails crude flow to United States

Opinion: Saudi Arabia curtails crude flow to United States

Saudi Arabia crude exports to US at slowest rate since 2015 By John Kemp LONDON, July 21 (Reuters) – Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain visible inventories and support prices. The United States imported an average of 524,000 barrels per […]

ExxonMobil challenges “retroactive changes” on Russian sanctions by US Treasury

ExxonMobil challenges “retroactive changes” on Russian sanctions by US Treasury

ExxonMobil argues Treasury can’t apply sanctions just because it retroactively changes its interpretation of rules ExxonMobil said it has launched a legal challenge to a finding by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it violated U.S. sanctions against Russia in 2014 when the company followed authoritative and specific guidance from the Obama […]

“Technology renaissance” transforming oil sands in situ production – lowering costs, carbon-intensity

“Technology renaissance” transforming oil sands in situ production – lowering costs, carbon-intensity

“Oil and gas producers need to be carbon-competitive and cost-competitive” – Suncor CEO Steve Williams A technology revolution is taking place in the Alberta oil sands. Suncor and Cenovus, two of the largest oil sands producers, released their sustainability reports earlier this week and both are making steady progress toward the goals of reducing the […]

Canada energy news brief July 20: Trans Mountain Expansion construction begins in Sept.

Canada energy news brief July 20: Trans Mountain Expansion construction begins in Sept.

Also in this brief: Former Albertan Michelle Mungall named BC energy minister; Hydro One, Avista combined create top 20 North American utility Kinder Morgan Canada president Ian Anderson said Wed. that construction of the Trans Mountain Expansion pipeline will start in Sept. as planned, despite widespread opposition in Metro Vancouver. “I’ve worked co-operatively with several provincial […]

Clean energy tech brief July 20: Captain Kirk explores the outer reaches of…home solar energy

Clean energy tech brief July 20: Captain Kirk explores the outer reaches of…home solar energy

Also in this brief: Only 1 in 8 US homes uses programmed thermostat with central AC, will there be enough lithium to meet growing battery needs William Shatner joins Save Money, Save the World alliance, switches home to solar power Actor William Shatner, famous for playing Captain Jame T. Kirk on the 1960s Star Trek TV series and […]

New solar tech produces 50% more energy than standard silicon PV cells

New solar tech produces 50% more energy than standard silicon PV cells

New solar energy tech can produce over 50 per cent more energy per day By A’ndrea Elyse Messer UNIVERSITY PARK, Pa. — A concentrating photovoltaic system with embedded microtracking can produce over 50 per cent more energy per day than standard silicon solar cells in a head-to-head competition, according to a team of engineers who […]