February 2017

Iran grumbles as French oil giant Total waits for Trump approval before signing contract

Uncategorized

Total, Iran working on $2 billion gas project deal BEIRUT (Reuters) – Iran’s oil minister said that the first of its new contracts would be finalized with Total within two months, according to the Mehr News agency. Bijan Zanganeh said that a contract was still being pursued with Total but noted recent comments from the […]

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Trump’s new federal land policies unlikely to increase oil/gas drilling

News

Rate at which resources are produced, delivered domestically will depend on prices Eco-activists are dismayed that President Donald Trump’s intent to open up more federal land to oil and gas drilling will have serious environmental consequences , but Clay Lightfoot of Wood Mackenzie says much higher prices are needed to persuade producers before increased activity

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Oil prices stable, but futures and crack spreads are volatile: Kemp

Energy Financial

Speculative traders increasingly focusing on spreads, likely explains some sharp price moves By John Kemp “Volatility can be neither created nor destroyed, rather it transforms from one form into another,” is a pretty fair summary of how the oil market works (with apologies to physicists). The benchmark price of Brent crude has been unusually stable since the middle of

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Exxon Mobil to extend Norway’s Sigyn field lifetime until end-2022

News

Exxon holds 40 per cent stake in Sigyn field OSLO, Feb 24 (Reuters) – Norway’s Petroleum Safety Authority has granted consent to operator Exxon Mobil to extend the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog said on Friday. The gas and condensate field around 12 kilometres south-east of the Statoil-operated Sleipner

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Dakota Access protesters regroup, plot resistance to other pipelines

News

Dakota Access protesters say awareness of pipeline issues raised nationwide By Terray Sylvester CANNON BALL, N.D., Feb 25 (Reuters) – Opponents of the Dakota Access Pipeline who were pushed out of their protest camp this week have vowed to keep up efforts to stop the multibillion-dollar project and take the fight to other pipelines as well.

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Bangladesh aims to raise trade volume to $5 billion/year with Canada by 2022

Canada

Bangladesh exports mostly clothing to Canada, imports Canadian food grains DHAKA, Feb 25 (Reuters) – Bangladesh aims to raise its annual bilateral trade with Canada to $5.0 billion by 2022 from the current $2.0 billion, a senior government official said on Saturday. Bangladesh is the second-largest importer of Canadian food grains and other agricultural products in

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Investors urged to quench growing thirst for clean energy financing

News

Clean energy investors in developing countries concerned about currency risk By Megan Rowling BARCELONA, Feb 22 (Thomson Reuters Foundation) – India, like many developing countries, is grappling with how to fund a massive increase in its clean energy supplies as part of a government push to bring electricity to every household. It plans to boost its

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