Archive for November, 2017
Natural gas production in Bakken region increases at faster rate than oil production
New targets set in 2014 to limit flaring to 10% by Oct. 1, 2020 In North Dakota’s Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014, according to the U.S. Energy Information Administration. […]
DHL orders 10 Tesla Semi electric trucks for use on shorter routes
Fortigo Freight of Etobicoke, Ontario, ordered one Tesla Semi Two more freight services companies have pre-ordered Tesla Semi electric trucks, which are expected to roll off the assembly line in 2019. The companies join J.B. Hunt and Wal-Mart, who agreed to purchase the Tesla Semi which was unveiled by the company’s Chief Executive Elon Musk […]
Oil prices dip on OPEC pact jitters, Keystone pipeline restarts
Oil prices briefly pressured by fire at Texas refinery Oil prices slipped on uncertainty over the outcome of OPEC’s meeting this week as well as an expected boost in crude supplies following the restart of the Keystone pipeline. By 1:51 p.m. EST, US WTI had fallen 8 cents to $58.03/barrel and Brent was down by […]
OPEC supply cut extension likely, but with conditions
OPEC supply cut could run throughout 2018 Reuters reports that OPEC and Russia are likely to extend the OPEC supply cut agreement for all of 2018, but there may be a provision that allows participants to review the deal in June. OPEC sources told Reuters that a recommendation to extend the agreement was made by […]
Heavy oil processing, refining investment remains a challenge for Alberta oil sands – IHS study
Prospects for upgrading to full synthetic crude remain most challenged, according to IHS Despite market changes, including some to the benefit of heavy oil processing in recent years, challenges still remain for investing in new heavy oil processing capacity in North America, according to a new study by IHS Markit. A New Look: Extracting Value […]
More Alberta refining, upgrading of heavy crude oil is never going to be economic, but partial upgrading might be
Full upgrading is a bust, new refineries are too risky, and converting existing refineries is constrained by US shale oil supplies Albertans should stop pining for more refining and upgrading of Alberta oil sands bitumen and heavy crude oil, judging by the conclusions of a new study from IHS MarkIt. The economics simply don’t work. […]
Damaged part of Keystone pipeline excavated, 1,065 barrels recovered
Keystone pipeline leak in South Dakota shuts down line TransCanada Corp has crews working day and night to clean up the 5,000 barrel oil spill from its Keystone pipeline leak in South Dakota. A state official told Reuters the company has dug up the damaged section of pipe. Brian Walsh, an environmental scientist with the […]
Column: US shale producers renew challenge to OPEC
US shale producers add more rigs By John Kemp LONDON, Nov 27 – US shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of rigs drilling for oil in the United States tends to follow changes […]
Biomass and waste fuels made up 2% of total US electricity generation in 2016
Biomass gas-generating plants typically operate at high utilization rates Biomass and waste fuels generated 71.4 billion kilowatthours of electricity in 2016, or 2 per cent of total generation in the United States, according to EIA’s recently released annual electric power data. Biomass fuels are defined as all non-fossil, carbon-based (biogenic) energy sources. Waste fuels are defined […]
Oil prices drop on US output, concerns Russian compliance in OPEC deal
Some analysts look for oil prices to drop even if OPEC extends pact US oil prices fell by over 1 per cent on Monday due to higher production in the United States as well as concerns that Russian crude output may soon be on the rise. By 1:06 p.m. EST, US WTI had recouped some […]
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