Archive for October, 2017

Is Pengrowth dumping $63 million of well/facility cleanup liability?

Is Pengrowth dumping $63 million of well/facility cleanup liability?

“Sale was to one company and we are not disclosing the buyer nor the exact proceeds” Pengrowth Energy Corporation announced Wednesday that it has entered into an agreement to sell “matured legacy assets” from 36 properties – including  270 facilities and 1,600 wellbores – for a nominal cash consideration, ridding itself of perhaps millions of […]

By October 20, 2017 0 Comments Read More →
Suncor contractor dies at Millennium mine site

Suncor contractor dies at Millennium mine site

Suncor death under investigation by RCMP, Occupational Health and Safety One man is dead following an incident at the Suncor Energy’s Millennium oil sands mine on Friday morning. According to Trent Bancarz, Alberta labour spokesman, the man in his 30’s died when the trench he was digging collapsed and buried him.  Sneh Setal of Suncor […]

By October 20, 2017 0 Comments Read More →
Universal energy access by 2030  within reach – IEA

Universal energy access by 2030 within reach – IEA

2.3 billion people will remain without clean cooking access in 2030 A new and detailed analysis from the International Energy Agency finds that the most cost-effective strategy for providing universal access to electricity and clean-cooking facilities in developing countries is compatible with meeting global climate goals, and prevents millions of premature deaths each year. It […]

By October 20, 2017 0 Comments Read More →
Column: US natural gas prices under pressure even as stocks tighten

Column: US natural gas prices under pressure even as stocks tighten

US natural gas prices low despite lower working gas stocks By John Kemp LONDON, Oct 20 (Reuters) – US natural gas stocks continue to tighten, but most traders appear unconcerned, with futures prices for gas delivered this winter close to the lowest levels since the start of the year. Working gas stocks in underground storage […]

By October 20, 2017 0 Comments Read More →
Crude oil barge explodes off Texas coast, 1 dead, one missing

Crude oil barge explodes off Texas coast, 1 dead, one missing

Oil barge explodes off Corpus Christi One crew member is dead and another is missing after a fire and explosion aboard a barge carrying about 133,000 barrels of crude oil early on Friday morning off the Texas coast. The US Coast Guard reports the explosion occurred at about 4:30 a.m., when the barge was in […]

By October 20, 2017 0 Comments Read More →
Oil prices up on lower rig count, despite low US demand

Oil prices up on lower rig count, despite low US demand

Oil prices dip in see-saw trading Oil prices rose slightly in see-saw trading Friday on weak US demand, but prices were underpinned by a sharp decline in Iraqi crude exports and a falling US rig count. Benchmark Brent crude was up by 31 cents to $57.54/barrel by 2:18 p.m. EDT and US WTI crude rose […]

By October 20, 2017 0 Comments Read More →
Australian domestic natural gas prices increase as LNG exports rise

Australian domestic natural gas prices increase as LNG exports rise

Projected natural gas supply shortfall in domestic market of up to 0.27 billion cubic feet per day in 2018 Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019, according to the U.S. Energy Information Administration. As Australia’s LNG […]

By October 20, 2017 0 Comments Read More →
Cenovus reaches agreement to sell Palliser assets for $1.3 billion

Cenovus reaches agreement to sell Palliser assets for $1.3 billion

Cenovus targeting $4 billion to $5 billion in asset sale agreements Cenovus Energy Inc. agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billion, according to a press release. The sale is expected to close in the fourth quarter of […]

By October 20, 2017 0 Comments Read More →
Column: Britain tries price cap for gas and electricity customers

Column: Britain tries price cap for gas and electricity customers

2016 review showed retail gas, electricity markets not working well in Britain By John Kemp LONDON, Oct 19 (Reuters) – Britain’s government has published draft legislation which would cap gas and electricity prices for most residential customers until the end of 2020, the most startling intervention since privatisation three decades ago. The caps come after […]

By October 19, 2017 0 Comments Read More →
Oil prices down after recent gains due to profit-taking

Oil prices down after recent gains due to profit-taking

Oil prices down over 1 per cent After four days of gains, oil prices were down over 1 per cent on Thursday on larger-than-expected product inventories in the US and profit taking. Brent crude ended the day down 75 cents, or 1.6 per cent, landing at $57.23/barrel and US WTI fell by 7 cents to […]

By October 19, 2017 0 Comments Read More →