Archive for November, 2017

Quebec to New Hampshire transmission line project approved by US Dept of Energy

Quebec to New Hampshire transmission line project approved by US Dept of Energy

DOE approves long-delayed New England infrastructure and clean energy project WASHINGTON, D.C. — The Department of Energy(DOE) issued a Record of Decision and approved the Presidential permit for the proposed Northern Pass Transmission Line project, according to a DOE press release. The 192-mile above and below ground, alternating and direct current transmission system will deliver up to 1090 […]

By November 19, 2017 0 Comments Read More →
India’s GST – A boon for oil markets?

India’s GST – A boon for oil markets?

Tax on pure electric vehicles reduced by around 9% under GST regime The introduction of India’s Goods and Services Tax (GST) has lifted oil demand in the country this year, according to Wood Mackenzie. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected […]

By November 19, 2017 0 Comments Read More →
SPARK 2017 conference in Edmonton a big success for Alberta clean tech industry

SPARK 2017 conference in Edmonton a big success for Alberta clean tech industry

Emission Reductions Alberta planning SPARK conference again in 2019 More than 560 innovation and business leaders converged in Edmonton last week to attend SPARK 2017. The conference, featuring more than 80 speakers, was co-hosted by Emissions Reduction Alberta and Alberta Innovates, according to a press release. “Our province’s doors are open to ideas and investment,” […]

By November 19, 2017 0 Comments Read More →
Decommissioning nuclear reactors is a long-term and costly process

Decommissioning nuclear reactors is a long-term and costly process

Kewaunee Nuclear Power Plant shut down in 2013, won’t be removed until 2073, at $1 billion cost Since 2013, six commercial nuclear reactors in the United States have shut down, and an additional eight reactors have announced plans to retire by 2025, according to the U.S. Energy Information Administration. The retirement process for nuclear power […]

By November 19, 2017 0 Comments Read More →
$250,000 Tesla Roadster upstages Tesla Semi unveiling

$250,000 Tesla Roadster upstages Tesla Semi unveiling

Tesla Roadster has 620 mile range On Tuesday evening just as Elon Musk wrapped up the Tesla Semi reveal, the Tesla Roadster wowed the crowd when it drove out of the big truck’s trailer, into the spotlight. Tesla Chief Executive Elon Musk said the second-generation $250,000 EV would be the fastest production car ever. The […]

By November 17, 2017 0 Comments Read More →
Fleet of GM EVs to be released in 2021, challenging Tesla, Ford

Fleet of GM EVs to be released in 2021, challenging Tesla, Ford

GM EVs to be built on platform that will accommodate multiple sizes, segments General Motors CEO Mary Barra told investors on Monday that the new family of GM EVs, expected to launch in 2021, will be profitable for the number one automaker in the United States. Barra’s plans are seen as a direct challenge to […]

By November 17, 2017 0 Comments Read More →
Oil prices rise, but still on track for weekly drop

Oil prices rise, but still on track for weekly drop

Oil prices rise Friday after five straight days of losses Oil prices rose on Friday after five straight days of losses on expectations that OPEC will extend its agreement to reduce output as well as the shutdown of the Keystone pipeline after a leak was reported on Thursday. By 1:31 p.m. EST, Brent crude had […]

By November 17, 2017 0 Comments Read More →
Column: Distillate fuel oil market set to tighten in 2018

Column: Distillate fuel oil market set to tighten in 2018

Most distillate fuel oil used for high-powered engines By John Kemp LONDON, Nov 17 – US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets which will leave the distillate market very tight in 2018. Even if the northern hemisphere winter is only averagely cold, the distillate […]

By November 17, 2017 0 Comments Read More →
Suncor to increase production in 2018 while capital spending drops $750 million

Suncor to increase production in 2018 while capital spending drops $750 million

Oil sands cash costs per barrel are $23-26 dollars Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 boe/d, according to a press release. The midpoints of these ranges represent a year over year production increase of more […]

By November 17, 2017 0 Comments Read More →
Tesla Semi unveiled Thursday as company struggles with Model 3 roll out

Tesla Semi unveiled Thursday as company struggles with Model 3 roll out

Tesla Semi release helps boost company shares On Thursday evening, Tesla Inc. will unveil its Tesla Semi, the company’s prototype electric big rig truck, at a time when the Palo Alto based company is struggling to produce its Model 3 sedan. The unveiling will be seen live, at Tesla.com at 8 p.m. PST. Tesla’s Chief […]

By November 16, 2017 0 Comments Read More →