February 2017 Page 24 of 33 - The American Energy News

Standing Rock Sioux files new legal challenge against Dakota Access Pipeline

“This administration has expressed utter and complete disregard for not only our treaty and water rights, but the environment as a whole”: Standing Rock Sioux Feb 9 (Reuters) – The Standing Rock Sioux filed a last-ditch legal challenge on Thursday to block the $3.8 billion Dakota Access oil pipeline project after the company constructing it won […]

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Trump to meet Prime Minister Trudeau on Monday for talks on trade

Canada

Trump says NAFTA disastrous for American workers By David Ljunggren OTTAWA, Feb 9 (Reuters) – Canadian Prime Minister Justin Trudeau will hold his first talks with U.S. President Donald Trump on Monday amid tensions over whether the administration plans protectionist measures that could cripple Canada’s economy. The two leaders also have differing views about immigration

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Venezuela falls behind on oil-for-loan deals with China, Russia

News

Deliveries of almost 7 million barrels of Venezuelan crude rescheduled or skipped By Marianna Parraga and Brian Ellsworth Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political

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Oil prices up after gasoline stock draw, but market bloated

Energy Financial

Oil prices up, but market to be over-supplied for some time: Goldman Sachs By Jessica Resnick-Ault New York, Feb 9 (Reuters) – Oil prices held onto gains on Thursday with U.S. prices rising on evidence that gasoline demand could strengthen in the world’s biggest oil market, although bloated crude supplies meant that fuel markets remain under

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Suncor reports Q4 profit and record production

Canada, Energy Financial

Suncor biggest Alberta oilsands producer CALGARY, Alberta, Feb 8 (Reuters) – Suncor Energy Inc , Canada’s largest oil and gas company, reported a larger-than-expected fourth-quarter profit on Wednesday as a result of higher global crude prices and improved reliability at the Syncrude oilsands project. The company reported net earnings of C$531 million or 32 Canadian

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U.S. Army Corps of Engineers grants easement for Dakota Access pipeline

News

Dakota Access pipeline opposed by Native American tribes, climate activists WASHINGTON, Feb 8 (Reuters) – The U.S. Army Corps of Engineers said it had granted on Wednesday an easement to Dakota Access LLC to allow the installation of a light crude oil pipeline under federal lands managed by the Corps at the Oahe Reservoir. The

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South Africa targets auto sector with fuel cell plant

Innovation

Fuel cell plant should begin production by December CAPE TOWN, Feb 8 (Reuters) – Africa’s first fuel cell component plant using platinum as a catalyst will start production by December aiming to take advantage of rising demand for clean energy cars, officials from Isondo Precious Metals said. Isondo has secured a license from U.S-based Chemours Technology

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Argentina lithium projects seek financing as production seen tripling

Innovation

Lithium demand soaring thanks to electric vehicles, mobile phones By Juliana Castilla BUENOS AIRES, Feb 8 (Reuters) – Argentina’s lithium carbonate production will triple by 2019, and could grow by even more if companies find financing for various projects they are prepared to launch, industry executives and a government official told Reuters. Demand for lithium

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US to sell 10 million barrels of crude reserves in February: Energy Dept

Uncategorized

2016 law mandated sale of 24 million barrels of oil in US crude reserves WASHINGTON, Feb 8 (Reuters) – The U.S. Energy Department said on Wednesday it will sell 10 million barrels of oil from the government’s emergency crude reserves in late February. The sale from the Strategic Petroleum Reserve (SPR) was required by a

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US refiners give mixed reviews of GOP-backed border tax plan

News

Gas prices could rise 30-40 cents on border tax By Jarrett Renshaw NEW YORK, Feb 9 (Reuters) – U.S. independent refiners like Phillips and Valero have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend the energy ecosystem. The comments by

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