Archive for September, 2017
Calgary, Norwegian universities team up on carbon capture, enhanced oil recovery
University of Calgary and Norway exchange students to enhance research Carter Dziuba conducted energy research this summer in Norway – after completing his graduate degree at the University of Calgary – under a new partnership between the university and the Norwegian University of Science and Technology (NTNU), according to a press release. He worked with Reidun Aadland, […]
Encana delivers Montney plant ahead of schedule, out-performing 5-year plan
New plants will more than double Encana’s Montney liquids production Encana successfully started up the Tower processing plant ahead of schedule and under budget on Sept. 20, according to a company press release. The plant is the first of three Veresen Midstream facilities that support Encana’s condensate-focused growth plan in the Montney. The Tower facility is in the process of ramping up. […]
Town of Hinton could soon be powered by geothermal from retrofitted abandoned wells
Prof. Banks and research team partnered with Epoch Energy for the project A research partnership to retrofit wells with geothermal energy near Hinton, Alberta to provide megawatts of power to the local community, according to a University of Alberta press release. “We pump hot water from underground using wells, use the heat to create power, and […]
Oil prices stumble, retreat from earlier gains
Oil prices “due for a pullback”: Analyst Oil prices fell slightly in trading on Thursday, dropping from earlier gains that were fuelled by concerns about the Kurdistan referendum where citizens voted overwhelmingly in favour of independence, raising the spectre of a supply outage. WTI crude was down 76 cents to $51.38/barrel by 12:43 p.m. EDT […]
Court orders Canada to revisit Coldwater Indian Band’s “rights” after pipeline route dispute
Prof. Dwight Newman expects Coldwater to receive more compensation, but no other impacts upon project A court decision in favour of the Coldwater Indian Band by the Federal Court of Appeals Tuesday will not hold up construction of the Trans Mountain Expansion pipeline, according to proponent Kinder Morgan and a Canadian constitutional expert. The Band […]
Column: Global trade upturn aids oil market rebalancing
Global trade drives demand for residual fuel oil or distillate fuel oil By John Kemp LONDON, Sept 27 – Global trade is growing at the fastest rate for six years – which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were up almost 5 per cent year-on-year from […]
Oil prices mixed, but below five-month highs
Oil prices gains capped due to increasing US production On Wednesday, oil prices were mixed in trading despite a surprising drop in crude stocks reported by the US Energy Information Administration. US WTI rose by 26 cents to end the session at $52.14/barrel, and benchmark Brent dropped by 54 cents to $57.90/barrel. Both Brent and […]
Citigroup says market should expect oil shortage, not OPEC flood
Oil shortage due to weak investment in exploration, development Citigroup Inc. is calling for players in the crude market to prepare for an oil shortage in 2018, rather than fear a flood of OPEC crude after the cartel’s supply cut pact expires next year. In a Bloomberg report released Tuesday, Ed Morse, the bank’s global […]
University of Houston researchers launch carbon capture to help boost India’s oil production
India imports over 80% of its crude oil Researchers from the University of Houston have begun a $1.4 million project to demonstrate using carbon capture from nearby petrochemical plants to boost recovery in an oil field in the Indian state of Assam, a project they hope will help to reduce the country’s carbon footprint. The project […]
Why is Canada rich while other countries are so poor?
Canada had advantage in development by inheriting strong institutions from British By Kip Beckman, principal economist, Conference Board of Conference The celebration of Canada’s 150th birthday was a time for Canadians to reflect on how lucky we are to live in a wealthy country. There were certainly no guarantees way back in the 19th century that Canada […]
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