AltaGas deal included about $2.4 billion of debt Jan 25 (Reuters) – Energy infrastructure company AltaGas Ltd said on Wednesday it would buy WGL Holdings Inc in a deal valued at C$8.4 billion ($6.42 billion). WGL Holdings, the parent of natural-gas utility Washington Gas, provides natural gas services in Maryland, Virginia and the District of Columbia. […]
AltaGas to buy WGL Holdings for about C$8.4 billion Read More »
Saskatchewan oil spill southeast of Regina By Alastair Sharp TORONTO, Jan 25 (Reuters) – Tundra Energy Marketing Ltd on Wednesday confirmed its pipeline was the source of a leak of some 200,000 literes (52,830 gallons) of crude oil onto aboriginal land in Saskatchewan that was discovered by a member of the community last week. “An
Saskatchewan oil spill on First Nation land came from Tundra Energy pipeline Read More »
EPA asked to take down climate change page on website by Trump administration WASHINGTON, Jan 25 (Reuters) – Officials from President Donald Trump’s administration are currently reviewing the content of the U.S. Environmental Protection Agency’s website, but have no immediate plans to remove the website content on climate change, The Hill quoted an EPA spokesman as
EPA spokesman says website review underway -media report Read More »
19.5 per cent stake in Rosneft sold for 10.2 billion euros By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN, Jan 24 (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 per cent stake in its giant oil company Rosneft, it still isn’t possible
How Russia sold its oil jewel Rosneft — without saying who bought it Read More »
If US stops being a leader in climate change fight, Trump’s policies could have great impact on GHGs LONDON, Jan 25 (Reuters) – Changes to U.S. energy policies under new President Donald Trump are unlikely to have a big impact on global action to curb a rise in greenhouse gas emissions, oil major BP’s chief economist said
Trump energy policy unlikely to have big impact on climate change fight – BP Read More »
Global oil demand growth to average .7 per cent per year by 2035 By Ron Bousso LONDON, Jan 25 (Reuters) – Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport, BP said in its annual Energy Outlook
Global oil demand to grow into 2040s – BP outlook Read More »
Brent crude oil spot prices expected to remain fairly flat during 2017 Crude oil and other liquids inventories grew by 2.0 million b/d in the fourth quarter of 2016, driven by an increase in production and a significant, but seasonal, drop in consumption, according to the US Energy Information Administration estimates. Global production and consumption are
Global crude oil balances expected to tighten through 2018 Read More »
Hess Corp expects rebound in activity in 2017 Jan 25 (Reuters) – U.S. oil producer Hess Corp posted a smaller-than-expected quarterly loss on Wednesday, helped by cost cuts, and executives forecast a rebound in activity this year as crude prices edge higher. The cautiously optimistic outlook for 2017 comes as the number of drilling rigs and
Oil producer Hess Corp posts smaller-than-expected loss Read More »
Church of England also recognized COP 21 as key element of UK government’s policies By Lily Emamian, EnergyInDepth A report released last week by the Church of England endorses shale development in the United Kingdom, lauding fracking as a “morally acceptable practice” when paired with a clean energy transition and appropriate safety measures. Authored by
Church of England gives blessing to fracking in the UK Read More »
Gasoline inventories up by 6.8 million barrels By David Gaffen Jan 25 (Reuters) – Gasoline inventories rose sharply in the United States for the fourth straight week amid weaker-than-usual demand, while crude oil stocks were also higher, the Energy Information Administration said on Wednesday. Crude inventories rose 2.8 million barrels in the week to Jan.
U.S. gasoline inventories build for fourth week on weak demand Read More »
