Hyundai putting EVs at centre of production strategy Hyundai Motor Co said on Thursday that it would make electric vehicles the centre of its product strategy and is looking to develop a long-distance EV that would compete with Tesla and others. In the past, Hyundai and Toyota had focussed developing fuel cell technology, but has […]
Hyundai races to catch up with Tesla in long-range EV market Read More »
Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and
Canadian hydro-electric exports to US growing because of state renewable energy targets Read More »
Advancements in electronic controls, real-time sensing, actuation systems are enhancing thermodynamic efficiency of ICE vehicles A new report from Navigant Research analyzed the market for technologies that improve the energy efficiency of light duty vehicles with internal combustion engines (ICEs) and low voltage electrified propulsion, providing global market forecasts through 2026. Automakers and suppliers around the world
Global oil demand growing faster than expected, latest IEA estimate for 2017 raised to 1.5 million b/d The re-balancing of the oil market desired by the leading producers has been a stubborn process and it takes time for the numbers to confirm what many observers instinctively feel has already happened, according to the International Energy
Lower OPEC compliance rates are muddying global oil rebalance – IEA Read More »
Project is a loop of Westcoast’s existing Fort St. John Mainline The National Energy Board (NEB) approved a proposal from Westcoast Energy Inc., doing business as Spectra Energy Transmission, to build and operate the 27-kilometre-long Wyndwood Pipeline Expansion Project, according to a press release. The NEB announced its decision in a letter, released today, and expects
Wyndwood pipeline expansion project approved by National Energy Board Read More »
Pengrowth re-focuses on 100%-owned core areas, Birchcliffe reduces debt in order to fund capex Pengrowth closes significant asset sales Pengrowth Energy Corp.’s Q2 2017 financial report highlights asset sales, as well as reductions to outstanding debt and cost structures, the company announced in a press release. Since the start of 2017, Pengrowth closed $827
Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt Read More »
Largest draw in crude stocks in nearly a year Oil prices fell in seesaw trading on Wednesday, despite a larger-than-expected drop in US crude stocks reported by the US Energy Information Administration. Brent crude was down by 13 cents to $50.67/barrel by 1:14 p.m. EDT after trading as high as $51.40 earlier in the day
Oil prices fall despite drop in US crude stocks Read More »
Merkel vows target of 1 million EVs will be met On Wednesday, German Chancellor Angela Merkel vowed to speed up her country’s transition to electric vehicles, adding increased efforts would be needed to meet the target of 1 million EVs on German roads by 2020. Her comments came during an online interview with four social
Merkel reaffirms pledge to speed up German transition to EVs Read More »
Gas and LNG demand driven by growth in the East In the latest update of IEA’s outlook, they dive deep into the discontinuities that could swing the gas markets one way or another, according to the International Energy Agency. In China, the extent to which government targets on gas consumption are met could mean a
Global gas and LNG market tightening after 2022, new LNG investment needed – IEA Read More »
Prompt discounts for Brent and WTI have been narrowing since January 2016 By John Kemp LONDON, Aug 16 (Reuters) – “The rebalancing of the oil market desired by the leading producers has been a stubborn process,” the International Energy Agency wrote in its latest monthly oil market report. The agency’s evident frustration about the slow and uneven
Column: Goodbye contango? Oil’s long march towards backwardation Read More »
