Veresen to focus on pipeline, midstream business Feb 21 (Reuters) – Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary-based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the […]
Veresen to sell its power business for $1.18 billion Read More »
Singapore carbon tax could indicate longer-term shift to cleaner energy By Jessica Jaganathan and Henning Gloystein SINGAPORE, Feb 21 (Reuters) – The proposed Singapore carbon tax would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state’s rapid development over the last half-century. Monday’s announcement that a carbon
Singapore carbon tax would hit refiners, help renewables Read More »
BHP CEO: “When you take the medium-term view, it’s hard to fault the value of free trade” LONDON, Feb 21 (Reuters) – U.S. President Donald Trump’s protectionist stance is likely to erode economic growth over the longer term and therefore demand for raw materials, the chief executive of the world’s biggest miner, BHP Billiton, said
BHP to Trump: Protectionism will hurt growth, commodity demand Read More »
This is only time in Pennsylvania’s history that oil and gas operations have been correlated with seismic activity By Nicole Jacobs, EnergyInDepth Earthquakes are not something typically discussed in Pennsylvania, as there have only been a handful of felt events in the history of the state. That’s not to say earthquakes don’t occur — just
What you need to know about fracking, seismicity in Pennsylvania Read More »
US motor travel increased for fifth consecutive year NEW YORK, Feb 21 (Reuters) – Motorists drove a record 3.22 trillion miles (5.2 trillion km) on US roads last year, a 2.8 per cent rise from 2015 and the fifth consecutive year of year-over-year increases, according to the US Department of Transportation on Tuesday. Motorists logged 263.6
US motor travel up 2.8 per cent to record in 2016: US DOT Read More »
Enbridge 2A pipeline struck by third party CALGARY, Alberta, Feb 21 (Reuters) – Part of the shut Enbridge Inc 2A pipeline will need to be drained for several days, Canada’s National Energy Board said on Tuesday, without giving an estimation of when it will be back online. The 959-km (586-mile) pipeline, which transports light crude as
Shut Enbridge 2A pipeline to be drained for several days: NEB Read More »
Democrats, environmentalists fear Scott Pruitt will reverse clean air, water progress By Timothy Gardner WASHINGTON, Feb 21 (Reuters) – The new head of the U.S. Environmental Protection Agency said on Tuesday that America need not choose between jobs and the environment, in a nod to the energy industry as the White House prepares executive orders
Scott Pruitt tells staff he will “listen, learn and lead” Read More »
Oil prices up two per cent By Devika Krishna Kumar NEW YORK, Feb 21 (Reuters) – Oil prices rose about 2 per cent to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher as it expects other producers
Oil prices up as OPEC chief sees higher compliance with cuts Read More »
If OPEC is successful creating supply deficit and drawing down oil stocks, Brent could become very tight this summer By John Kemp LONDON (Reuters) – Brent futures prices for the second quarter have risen strongly in recent days suggesting traders expect the oil market to move into deficit earlier or that a squeeze is underway.
Brent market tightens sharply as traders eye stock draws, possible squeeze: Kemp Read More »
Total US crude oil production expected to average 9.0 million b/d in 2017 and 9.5 million b/d in 2018 US crude oil production increased for the second consecutive month in Nov. 2016, the first time this has occurred since early 2015, according to the US Energy Information Administration. Increased drilling activity in the Permian region,
US crude oil production increases following higher drilling activity Read More »
