May 2016 Page 3 of 34 - The American Energy News

Canada already global renewable energy leader, little future for wind and solar

Canadian wind/solar generation will rise from 5.2% to 7% by 2020, growth remains flat from 2020 to 2040 Why all the fuss about renewable energy in Canada? A new report from the national regulator shows that Canada already gets over 80 per cent of its electricity from low-GHG emitting generation and that percentage will increase in […]

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Suncor ramping up operations after Fort McMurray wildfire

News

Suncor base plant and MacKay River sites start up underway By Ethan Lou TORONTO, May 29 (Reuters) – Suncor Energy Inc’s facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign Canadian oil sands producers are coming back online after

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Iraq joins Mideast rivals raising oil exports ahead of OPEC meeting

News

Iraq to supply 5 million more barrels to partners in June By Florence Tan and Rania El Gamal SINGAPORE/DUBAI, May 30 (Reuters) – Iraq will supply 5 million barrels of extra crude to its partners in June, industry sources familiar with the issue said, joining other Middle East producers by lifting market share ahead of

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Airline executives concerned about security, fragile economies, not oil prices

News

Airline CEOs to discuss CO2 emissions By Victoria Bryan BERLIN, May 30 (Reuters) – Air passenger demand in April rose at its slowest rate since January 2015, weighed by the March attacks on Brussels airport and highlighting safety as one of the main challenges facing top airline executives meeting this week. While airlines are enjoying

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Oil prices edge higher in thin trade; OPEC eyed

News

Oil prices decline despite drop in US production By Nia Williams May 30 (Reuters) – Oil prices inched up toward $50 a barrel on Monday, although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains. The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday and most

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Ohio State redesigns 2016 Camaro, wins 2nd year of EcoCAR 3 competition

Innovation

Teams have 2014-2018 to harness innovative ideas into ultimate energy-efficient, high performance muscle car as part of EcoCar3 SAN DIEGO – Ohio State University has won EcoCar3, a competition to redesign a new Chevy Camaro that included some of America’s brightest young automotive engineering minds. This is the second stage of an ongoing 4-year competition that culminates

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TSX dips as oil seesaws, gold hits 3-1/2-month low

Canada

TSX fell 11.73 points to 14,093.5 TORONTO, May 30 (Reuters) – The TSX, Canada’s main stock index edged lower on Monday as oil seesawed and gold fell to a 3-1/2-month low, while financials firmed ahead of a potential increase in U.S. interest rates this summer. Suncor Energy Inc’s facilities north of Fort McMurray, Alberta, are

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CEO of Noble Americas Energy Solutions parent resigns unexpectedly Monday

Energy Financial

Noble was accused of overstating its assets by billions of dollars, since then market value has plunged by 75% By Anshuman Daga SINGAPORE (Reuters) – Noble Group’s CEO Yusuf Alireza quit on Monday, a surprise move that comes just weeks after he secured crucial financing for Asia’s biggest commodity trader and raises questions about its

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Oil prices slip as Iraq raises exports, oil sands restart

News

Expected rise in Canadian oil sands production also weighed on WTI, traders said By Ron Bousso LONDON (Reuters) – Oil prices edged lower towards $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires. Attention turned to a

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Argentina to boost crude oil output to 653,000 bpd by 2025 – official

News

“In the energy sector we inherited a legal, institutional and functional disorder…We are trying to go back to normal.” – Redondo By Marianna Parraga LA JOLLA, Calif. (Reuters) – Argentina aims to eliminate its need for crude imports while increasing domestic oil output to 653,000 b/d in 2025, a 23 percent increase from 2015, an official

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