Archive for September, 2017

Geology vs. technology: How sustainable is Permian tight?

Geology vs. technology: How sustainable is Permian tight?

Less Permian supply from 2021 onwards would exacerbate global supply gap Technology has played a huge role in the rapid rise of production in the Permian. Operators are bullish on the region’s long-term potential and poised to exploit the Permian at an unparalleled pace over the next few years, according to a report by Wood […]

By September 22, 2017 0 Comments Read More →
Scientists working to overcome roadblocks to more efficient car engine

Scientists working to overcome roadblocks to more efficient car engine

New lean burn, compression ignition engines can’t be commercialized without catalytic converters to lower emissions Almost 160 years after the invention of the internal combustion engine, a new type of engine – designed like a diesel engine with no ignition, operating at low-temperature, allowing it to consume less fuel – offers promise for the transportation […]

By September 22, 2017 0 Comments Read More →
Improved fuel efficiency bigger threat to gasoline demand than EVs

Improved fuel efficiency bigger threat to gasoline demand than EVs

From 2016-2040, fuel efficiency gains will cut 11.3 million b/d from global gasoline consumption Improved fuel efficiency in internal combustion engine vehicles will have a bigger impact on gasoline demand than electric cars, according to energy consultant FGE. In a report by Reuters, Cuneyt Kazokoglu, head of oil demand at FGE said despite pledges made […]

By September 21, 2017 0 Comments Read More →
Oil prices mixed ahead of OPEC meeting on Friday

Oil prices mixed ahead of OPEC meeting on Friday

Oil prices up 15 per cent in last three months Oil prices mostly held steady on Thursday as investors and traders wait to see if participants in the OPEC supply cut pact will agree to extend the deal that is set to expire in March. By 1:19 p.m. EDT, Brent crude was up six cents […]

By September 21, 2017 0 Comments Read More →
Column: Mission accomplished? OPEC banishes contango

Column: Mission accomplished? OPEC banishes contango

OPEC efforts to rebalance market helped by strong demand By John Kemp LONDON, Sept 21 (Reuters) – “There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published on Wednesday. “The rebalancing process was never going […]

By September 21, 2017 0 Comments Read More →
Vancouver “de facto” natural gas ban will cost households, businesses, community groups – study

Vancouver “de facto” natural gas ban will cost households, businesses, community groups – study

Energy costs likely to go up, even with new efficiency standards in buildings A trio of Vancouver city policies amounts to a de facto ban on natural gas in pursuit of a “100% renewable energy” target, according to a study from Resource Works. The study claims the ban is based on insufficient renewable natural gas and could […]

By September 21, 2017 0 Comments Read More →
Changing quality mix affecting crude oil price differentials and refining decisions

Changing quality mix affecting crude oil price differentials and refining decisions

Gulf Coast refineries in U.S. typically supplied with heavy Mexican, South American crude Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils, according to the U.S. Energy Information Administration. This growth has more than offset recent declines in the production of […]

By September 21, 2017 0 Comments Read More →
Kinder Morgan to hold full scale emergency response exercise in Burnaby

Kinder Morgan to hold full scale emergency response exercise in Burnaby

In 2016, the NEB evaluated 14 full scale emergency response exercises The National Energy Board(NEB) will take part in a full scale emergency response exercise at Kinder Morgan’s Burnaby Terminal, in Burnaby, British Columbia and at the Incident Command Post in Coquitlam, according to a press release. The exercise is a requirement under a condition of the Trans […]

By September 21, 2017 0 Comments Read More →
Big oil cuts pollution, gets greener

Big oil cuts pollution, gets greener

Big oil faces growing pressure from stockholders Big oil companies are joining a number of large corporations that are reducing their greenhouse-gas footprints every year, according to a report by Bloomberg New Energy Finance. The report says 62 of the world’s 100 largest companies have consistently cut their emissions on an annual basis between 2010 […]

By September 20, 2017 0 Comments Read More →
TransCanada testing new Calgary based pipeline safety technology

TransCanada testing new Calgary based pipeline safety technology

Testing locations include both ends of the Keystone pipeline TransCanada says a set of very sharp ears is being added to their pipeline monitoring and leak detection program, thanks to innovative new technology from Calgary based Hifi Engineering. After extensive testing in the lab, TransCanada, Enbridge and the Government of Alberta are teaming up for a […]

By September 20, 2017 0 Comments Read More →