August 2016 - The American Energy News

Stop saying climate policies supposed to grant ‘social license’ for Energy East pipeline

Neither industry nor government has ever said climate policies were quid pro quo for pipeline social license Judging by the hysteria surrounding the arrest of a few protestors at Monday’s Energy East hearings in Montreal, Canadian pipeline boosters have completely missed the point of social license, which is why we should stop listening to them. Here are […]

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Faced with cash crunch, Tesla plans to raise additional funds this year

Innovation

Tesla funding development, production, battery factory build Aug 31 (Reuters) – Facing a severe cash crunch, Tesla Motors Inc plans to raise additional money this year to help fund development and production of its new Model 3 sedan and build out a giant battery factory, the company said on Wednesday. The electric carmaker plans to

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It’s official: Shell CEO says global economy has started ‘energy transition’

Markham on Energy

Big Energy must stake its claim to manage the energy transition, not leave it to eco-activists I’ve taken plenty of heat lately from fossil fuels boosters who disagree the global economy has begun a 100-year transition to clean energy technology. Well, perhaps the boosters will believe Royal Dutch Shell CEO Ben van Beurden, who gave a

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Obama to highlight climate issues at home before journey overseas

News

Obama to visit Lake Tahoe, Honolulu, Midway Atoll on way to G20 meeting By Roberta Rampton WASHINGTON, Aug 31 (Reuters) – U.S. President Barack Obama on Wednesday embarked on a 10-day trip where he will stress the urgency of curbing climate change and try to achieve some final agreements with world leaders at a G20 meeting

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Lakes Oil looks at grounds for lawsuit over Australia fracking ban

News

Company shares down 50 per cent after Australia fracking ban announced By Sonali Paul MELBOURNE, Aug 31 (Reuters) – Lakes Oil, a junior oil and gas explorer in Australia, is considering the grounds it may have for suing Victoria state, after the government there permanently banned fracking and extended a halt on onshore conventional

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Bashneft privatisation saga points to limits of Putin’s power

News

Bashneft a focus of rivalry between Kremlin factions By Vladimir Soldatkin, Oksana Kobzeva and Katya Golubkova MOSCOW/UFA, Russia, Aug 31 (Reuters) – Russia’s decision to postpone the privatisation of Bashneft has sent a message to investors: for all his power, President Vladimir Putin has failed to stop political infighting getting in the way of business. Foreigners

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China may open share markets to Saudi Aramco IPO

News

Saudi Aramco IPO may raise tens of billions of dollars KHOBAR, Saudi Arabia, Aug 31 (Reuters) – China has shown interest in opening its stock markets to Saudi Aramco when the national oil giant conducts an initial public offer of its equity, the kingdom’s energy minister Khalid al-Falih said on Wednesday. “For sure, all the

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US crude, distillate stockpiles surprisingly higher -EIA

News

US crude futures fell over two per cent By David Gaffen Aug 31 (Reuters) – US crude oil stockpiles rose much more than expected last week, while distillate inventories surged as well, the US Energy Information Administration said on Wednesday. Crude inventories rose 2.3 million barrels in the week to Aug. 26, compared with expectations

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Oil prices fall on U.S. crude stocks, distillate build; still up on month

News

Oil prices down three per cent Wednesday By Barani Krishnan NEW YORK, Aug 31 (Reuters) – Oil prices fell 3 percent or more on Wednesday, paring their big gains for August, after government data showed a large surprise weekly build in U.S. crude and distillate stockpiles and a smaller-than-expected drawdown in gasoline. Crude futures rose as

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Saudi oil output not a specific, targeted amount: Energy Minister

News

Falih says Saudi oil output based on customer demand By Rania El Gamal and Reem Shamseddine DUBAI, Aug 31 (Reuters) – Saudi Arabia does not target a specific level of oil production and its output is based on customers’ needs, the energy minister of the world’s largest oil exporter said. Speaking during an official visit

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