Author Archive: Jude Hislop

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The Strait of Malacca, key oil trade chokepoint, links Indian and Pacific Oceans

The Strait of Malacca, key oil trade chokepoint, links Indian and Pacific Oceans

If Strait of Malacca were blocked, half of world’s shipping fleet would have to reroute Nearly one-third of the 61 per cent of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz, according […]

By August 21, 2017 0 Comments Read More →
US gasoline production running at near record levels

US gasoline production running at near record levels

 After record-setting year in 2016, motor gasoline demand remained relatively high in 2017 Gasoline production by US refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. US gasoline inventories also […]

By August 21, 2017 0 Comments Read More →
Danish and Turkish Straits critical to Europe’s crude oil, petroleum trade

Danish and Turkish Straits critical to Europe’s crude oil, petroleum trade

2.4 million b/d of crude oil, petroleum products flowed through Turkish Straits in 2016 The Danish Straits and Turkish Straits – together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016 – are important chokepoints for Europe’s crude oil and petroleum liquids supply, according to the US Energy […]

By August 18, 2017 0 Comments Read More →
Oklahoma STACK break-even costs under $30/b, closing in on vaunted Permian – IHS Markit

Oklahoma STACK break-even costs under $30/b, closing in on vaunted Permian – IHS Markit

Peak per-lateral foot productivity in the STACK closing in on Permian Despite the fact that the Oklahoma STACK oil and gas play is still evolving and its total potential is undetermined, evidence thus far indicates the play is delivering impressive results, leading operators to commit significant 2017 CAPEX to its development, according to new analysis […]

By August 18, 2017 0 Comments Read More →
Canadian hydro-electric exports to US growing because of state renewable energy targets

Canadian hydro-electric exports to US growing because of state renewable energy targets

Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and […]

By August 17, 2017 0 Comments Read More →
Global automakers shifting to high efficiency gasoline engines, diesel to be phased out by 2020

Global automakers shifting to high efficiency gasoline engines, diesel to be phased out by 2020

Advancements in electronic controls, real-time sensing, actuation systems are enhancing thermodynamic efficiency of ICE vehicles A new report from Navigant Research analyzed the market for technologies that improve the energy efficiency of light duty vehicles with internal combustion engines (ICEs) and low voltage electrified propulsion, providing global market forecasts through 2026. Automakers and suppliers around the world […]

By August 17, 2017 0 Comments Read More →
Lower OPEC compliance rates are muddying global oil rebalance – IEA

Lower OPEC compliance rates are muddying global oil rebalance – IEA

Global oil demand growing faster than expected, latest IEA estimate for 2017 raised to 1.5 million b/d The re-balancing of the oil market desired by the leading producers has been a stubborn process and it takes time for the numbers to confirm what many observers instinctively feel has already happened, according to the International Energy […]

By August 17, 2017 0 Comments Read More →
Wyndwood pipeline expansion project approved by National Energy Board

Wyndwood pipeline expansion project approved by National Energy Board

 Project is a loop of Westcoast’s existing Fort St. John Mainline The National Energy Board (NEB) approved a proposal from Westcoast Energy Inc., doing business as Spectra Energy Transmission, to build and operate the 27-kilometre-long Wyndwood Pipeline Expansion Project, according to a press release. The NEB announced its decision in a letter, released today, and expects […]

By August 16, 2017 0 Comments Read More →
Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt

Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt

Pengrowth re-focuses on 100%-owned core areas, Birchcliffe reduces debt in order to fund capex   Pengrowth closes significant asset sales Pengrowth Energy Corp.’s Q2 2017 financial report highlights asset sales, as well as reductions to outstanding debt and cost structures, the company announced in a press release. Since the start of 2017, Pengrowth closed $827 […]

By August 16, 2017 0 Comments Read More →
Global gas and LNG market tightening after 2022, new LNG investment needed – IEA

Global gas and LNG market tightening after 2022, new LNG investment needed – IEA

Gas and LNG demand driven by growth in the East In the latest update of IEA’s outlook, they dive deep into the discontinuities that could swing the gas markets one way or another, according to the International Energy Agency. In China, the extent to which government targets on gas consumption are met could mean a […]

By August 16, 2017 0 Comments Read More →