Archive for June, 2017

Oil prices rise on reduced US production

Oil prices rise on reduced US production

Oil prices up despite increase in US crude stocks Oil prices rose above the $47/barrel mark on Wednesday despite data from the US Energy Information Administration showing an increase in crude stocks. Brent futures settled up 66 cents to $47.31/barrel and US WTI was up 50 cents, landing at $44.74/barrel. Investors were encouraged by a […]

Alberta regulator introduces OneStop for pipeline licence applications

Alberta regulator introduces OneStop for pipeline licence applications

All new pipeline applications must be submitted using new OneStop platform The Alberta Energy Regulator(AER) announced the launch of a new online process for new pipeline construction applications under the Pipeline Act using the OneStop platform, according to a press release. All new pipeline construction applications of the following types must be submitted using OneStop: […]

Donald Trump wants to ‘dominate’ global energy markets, Canada should counter with National Energy Corridor

Donald Trump wants to ‘dominate’ global energy markets, Canada should counter with National Energy Corridor

National Energy Corridor providing access to Asian markets would lessen dependence on US markets – and Donald Trump First it was energy independence, now it’s “energy dominance.” American President Donald Trump has cranked up the rhetoric around United States’ global energy ambitions in advance of NAFTA re-negotiations. Experts say Trump needs Canada to achieve its […]

Opinion: OPEC should let oil prices rebalance the market

Opinion: OPEC should let oil prices rebalance the market

OPEC should make it clear the supply cut pact will not be extended By John Kemp The 1980s film “WarGames” contains an important lesson for OPEC and shale producers about the futility of trying to manage the oil market. Released in 1983, the movie blended new concerns about home computers and hacking with older concerns […]

Quebec economy significantly benefits from Canada’s oil sands – CAPP

Quebec economy significantly benefits from Canada’s oil sands – CAPP

Leger poll commissioned shows 65% of Quebecers prefer oil imports come from Western Canada A new economic analysis prepared by AppECo shows that Canada’s oil sands generate significant economic benefits for Quebecers, according to the Canadian Association of Petroleum Producers(CAPP). The study found Canada’s oil sands had a substantial impact on Quebec’s economy in terms […]

Oil sands giant Suncor repays US $1.25 billion bond early, buys back $2 billion of shares

Oil sands giant Suncor repays US $1.25 billion bond early, buys back $2 billion of shares

Suncor announced plans to repurchase up $2 billion of the company’s shares over next twelve months, together with an early repayment of a $1.25USD billion bond, according to a press release. “Our business continues to deliver strong cash flow even at current commodity prices,” said Steve Williams, Suncor president and CEO. “We have made commitments […]

UPS looks to add more vehicles run on non-conventional power

UPS looks to add more vehicles run on non-conventional power

UPS drives over 1 million alternative fuel, advanced technology miles per business day As part of its plan to reduce greenhouse gas emissions by 12 per cent in its ground operations by 2025, UPS is looking to expand its fleet of non-conventional fuel vehicles. Currently, the package delivery company has over 8,300 low emissions vehicles […]

Ted (Morton) Talks: conservative academic criticizes ‘uncertain energy policies’ in Canada – Part 1

Ted (Morton) Talks: conservative academic criticizes ‘uncertain energy policies’ in Canada – Part 1

Ted Morton says political and policy uncertainty threatening Trans Mountain Expansion pipeline construction Ted Morton is accustomed to controversy. The political scientist was part of the conservative Calgary School that incubated Canadian politicians like Stephen Harper and a two-term Progressive Conservative cabinet minister (including a stint in Energy), and is now a fellow with the […]

Outgoing US regulator says ‘bring on more renewables,’ as grid study looms

Outgoing US regulator says ‘bring on more renewables,’ as grid study looms

US regulator Colette Honorable sees no problem with renewables’ reliability Colette Honorable, a member of the Federal Energy Regulatory Commission, said at a conference on Tuesday that renewables do not make the US electricity grid less stable. Honorable made the comments prior to the release of a study by the Trump administration that examined if […]

US crude oil, petroleum products exports double, but drop to Canada

US crude oil, petroleum products exports double, but drop to Canada

Canada’s share of US crude oil exports has declined, dropping from 92% in 2015 to 58% in 2016 US crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016, according to the U.S. […]