In some states, the gasoline tax has not increased in decades By Devika Krishna Kumar NEW YORK, Feb 9 (Reuters) – A potential increase in gasoline taxes in several U.S. states could put a dent in demand at the pumps and mark another setback for a market already flooded with excess fuel. States where gasoline […]
U.S. gasoline tax hike may dent fuel demand in oversupplied market Read More »
Coal miners replaced by machines, coal replaced by natural gas By Alison Stine Feb 9 (Reuters) – I watched the mountains, what was left of them, during soccer practice. While my son tumbled on a field with other five-year-olds, I cast my eyes across the river, where the hills were a pale brown with deep
Opinion: Trump’s job promises won’t help struggling coal counties Read More »
MEG Energy Feb 9 (Reuters) – Canadian oil sands producer MEG Energy Corp reported a smaller-than-expected quarterly loss as production costs fell. MEG, whose key operations are in the Athabasca oil sands region in Alberta, said net operating costs fell 3.3 per cent to C$8.24 per barrel in the fourth quarter. The company’s non-energy operating
MEG Energy posts smaller-than-expected loss on lower costs Read More »
Precision Drilling able to increase spot market pricing By Nia Williams CALGARY, Alberta, Feb 9 (Reuters) – Canadian rig contractor Precision Drilling Corp said on Thursday it was growing more confident that long-term stability is returning to the oil industry, and it expects to charge higher fees for its rigs if oil prices recover further.
Precision Drilling confident oil industry is stabilizing Read More »
Occidental Petroleum general, administration and explorations costs up Feb 9 (Reuters) – Oil and gas producer Occidental Petroleum Corp reported a larger-than-expected quarterly loss as a rise in oil prices failed to offset higher costs, and the company said it expected to spend less this year than it had originally estimated. The company said it
Occidental Petroleum Q4 loss bigger than expected due to higher costs Read More »
Alberta government, industry goal is to reduce oil sands GHG levels to that of conventional oil A common view in the Alberta oil patch is that the NDP are anti-oil sands and that eco-activist ideology is driving the Climate Leadership Plan. Environment Minister Shannon Phillips went out of her way to dispel that view Monday during a Markham On
Shannon Phillips lays out case for Alberta climate policies, oil sands expansion Read More »
Saudi Aramco says an increase in onshore gas likely By Reem Shamseddine KHOBAR, Saudi Arabia, Feb 9 (Reuters) – State oil giant Saudi Aramco is not expected to reduce its drilling rig count this year and could increase the number marginally as it focuses on natural gas production, industry sources said. “The increase is mainly
Saudi Aramco rig count unlikely to drop, may rise marginally this year Read More »
Transparency provides “social licence” to operate: Industry body By Ed Stoddard CAPE TOWN, Feb 9 (Reuters) – The expected demise of transparency regulations for minerals and oil companies listed in the United States will not cloud the global drive for financial clarity in extractive industries, company executives told Reuters at an Africa mining conference. Efforts
Mine bosses say transparency will not be clouded by U.S. rule changes Read More »
Total CEO says cost cuts help company outdo peers By Bate Felix PARIS, Feb 9 (Reuters) – French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Chief Executive
Total on hunt for deals after outperforming rivals Read More »
Dakota Access easement granted, drilling under Lake Oahe begins By Terray Sylvester and Liz Hampton CANNON BALL, N.D./HOUSTON, Feb 9 (Reuters) – The company building an oil pipeline that has fueled sustained public protests said on Thursday it has started drilling under a North Dakota lake despite a last-ditch legal challenge from a Native American tribe leading
Construction resumes on Dakota Access pipeline despite tribe’s legal challenge Read More »
