Rig count more than doubled since last year By John Kemp LONDON, May 31 (Reuters) – U.S. exploration and production companies have hired an extra 400 rigs to target oil-bearing formations since the end of May 2016, according to oilfield services company Baker Hughes. The number of active oil-directed rigs has more than doubled over […]
Opinion: U.S. oil rig count to peak soon unless WTI prices rise Read More »
For 2017 reserve price is $2.15 per ton CO2, up from $2.10 per ton CO2 in 2016 The Regional Greenhouse Gas Initiative (RGGI) will hold its 36th auction for carbon dioxide (CO2) emission allowances on June 7, according to the US Energy Information Administration. In the previous auction, held in March, more than 14 million
Regional Greenhouse Gas Initiative auction prices are the lowest since 2014 Read More »
Opposing Trans Mountain Expansion is a Hail Mary play, which has 2% chance of succeeding The lines are now drawn. John Horgan will lead a BC NDP minority government committed to opposing construction of the Trans Mountain Expansion pipeline with “every tool available,” while Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have pledged not
Sturgeon Refinery 45 Km northeast of Edmonton The $8.5 billion Sturgeon Refinery, Canada’s first new refinery built in over 30 years, is on track to begin processing Alberta oilsands bitumen into ultra-low sulphur diesel by the end of the year. The refinery is owned and operated by the North West Redwater Partnership, a 50-50 alliance between North West
Alberta’s Sturgeon Refinery set to begin production by end of year Read More »
Mining services companies index rising Mining services companies have performed better than their oil sector peers, buoyed by spending on new technology and a more bullish outlook for the mining industry. According to a Reuters report, the index of mining services companies, including Atlas Copco, Sandvik and Metso, have increased by over 50 per cent
Mining services companies shares outstrip oil peers Read More »
Oil prices fell sharply following OPEC meeting last Thursday By John Kemp LONDON, May 30 (Reuters) – Hedge fund managers had already closed out many of their bearish short positions in crude oil before OPEC and non-OPEC ministers met in Vienna on May 25, according to data from regulators and exchanges. The bout of short-covering
Pre-OPEC short covering left oil prices poised to fall Read More »
Closing of offering removes final condition for investment approval of Trans Mountain Expansion Project Despite speculation by pipeline opponents that Kinder Morgan Canada’s initial public offering to fund the Trans Mountain Expansion pipeline construction might fail, the IPO is fully subscribed and the company is trading on the TSX as of Tuesday. The project’s political opposition does
Kinder Morgan Canada IPO shares drop on prospect of BC NDP govt Read More »
Oil prices down over 1 per cent Oil prices fell in trading on Tuesday as investors weighed concerns about the global over supply of crude and increasing US and Libyan production against the extended OPEC supply cut agreement. Brent crude fell 76 cents to $51.53/barrel by 1:00 p.m. and US light crude was down 46 cents to
Oil prices fall on oversupply concerns despite OPEC cuts Read More »
No context on how emission levels fit into state’s overall air quality By Nicole Jacobs, EnergyInDepth Philadelphia-based Clean Air Council (CAC) plans to hold a rally in Harrisburg this week asking Gov. Tom Wolf to impose more emissions regulations on the oil and gas industry. And not surprisingly, CAC will opt to use asthma misinformation to
Data doesn’t support claim Marcellus natural gas production is increasing asthma issues Read More »
If Premier Horgan uses provincial powers to deny authorizations to Kinder Morgan, Prime Minister Trudeau must respond with full power of Canadian government Green Party leader Andrew Weaver says opposition to the Trans Mountain Expansion pipeline was “critical” to both he and John Horgan, who needs the former climate scientist’s support to become premier. If a
If BC stops pipeline, it’s political war with Canada, Alberta Read More »
