Archive for October, 2017

Progress made in Suncor oil sands project dispute with Total

Progress made in Suncor oil sands project dispute with Total

Suncor, Total in Fort Hills joint venture On Thursday, Suncor Energy said it is making progress in its efforts to resolve a commercial dispute with Total SA, its joint venture partner in the new Fort Hills oil sands mining project. The dispute is over funding of the project which is majority owned and operated by […]

By October 26, 2017 0 Comments Read More →
Column: Options for extending OPEC supply cut pact

Column: Options for extending OPEC supply cut pact

Political leaders, oil traders push for extension of OPEC supply cut pact By John Kemp LONDON, Oct 26 (Reuters) – Senior officials from the Organization of the Petroleum Exporting Countries and its allies are already discussing an extension of their production accord beyond its scheduled expiry at the end of March 2018. Current production limits […]

By October 26, 2017 0 Comments Read More →
Toyota solid-state battery tech a game changer, but company committed to hydrogen cars

Toyota solid-state battery tech a game changer, but company committed to hydrogen cars

Solid-state battery could improve driving range Toyota says its solid-state battery technology under development could be a game changer for electric vehicles, but the Japanese automaker says it is not shifting entirely away from hydrogen-powered fuel-cell vehicles. The pivot is likely due to China’s push to promote electric vehicles as the world’s largest car market […]

By October 26, 2017 0 Comments Read More →
Oil prices reach 27-month high despite higher US crude stocks, output, exports

Oil prices reach 27-month high despite higher US crude stocks, output, exports

Oil prices rise on Saudi comments Oil prices rose to an over two-year high on Thursday despite government data showing increased US crude stocks, production and exports.  Prices eclipsed near recent highs due to tightening crude markets and Saudi Arabia’s comments on extending the OPEC supply cut agreement. By the close of Thursday’s session, benchmark […]

By October 26, 2017 0 Comments Read More →
Mazda engine could prolong life of ICEs, improve hybrids

Mazda engine could prolong life of ICEs, improve hybrids

Mazda engine uses combustion ignition technology Mazda’s SKYACTIV-X engine is 30 per cent more efficient than diesel engines and is being hailed as a major breakthrough in internal combustion engines (ICE). The newly developed Mazda engine is fuelled by gasoline.  According to Reuters, it uses a spark plug to ignite a high-pressure “fireball” inside the […]

By October 25, 2017 0 Comments Read More →
Beaver Lake Cree Nation in Alberta goes solar

Beaver Lake Cree Nation in Alberta goes solar

$153,000 grant part of $35 million in funding available this fiscal year Alberta has partnered with Beaver Lake Cree Nation to install solar panel systems on three buildings to help lower utility bills and reduce greenhouse gas emissions, according to an Alberta Government press release. With support from Alberta’s Indigenous Solar Program, solar panels will […]

By October 25, 2017 0 Comments Read More →
Column: OPEC must think about exit strategy

Column: OPEC must think about exit strategy

OPEC, allies half-way toward goal of reducing oil inventories By John Kemp LONDON, Oct 25 – Smoothly exiting from the current output pact, and perhaps replacing it with another agreement, has become the most important policy question for the Organization of the Petroleum Exporting Countries and its allies. Under the current “declaration of cooperation”, issued […]

By October 25, 2017 0 Comments Read More →
Oil prices dip on surprising increase in US crude stocks

Oil prices dip on surprising increase in US crude stocks

Oil prices down, gasoline, heating oil futures up Oil prices fell slightly on Wednesday after data from the US Energy Information Administration showed a surprise increase in crude inventories last week. Brent crude dipped 23 cents to $57.94/barrel by 12:41 p.m. EDT and US WTI fell by 48 cents to $51.99/barrel.  The Canadian Crude Index […]

By October 25, 2017 0 Comments Read More →
Industry-led effort designed to cut costs through digital oilfield revolution

Industry-led effort designed to cut costs through digital oilfield revolution

Digital technology advances creating an almost unlimited range of possibilities – and risks Industries ranging from health care to oil refining have been radically changed by the digital revolution, according to a University of Houston press release. A new initiative has been launched to help accelerate the same digital transformation for exploration and production of […]

By October 25, 2017 0 Comments Read More →
China leads the growth in projected global natural gas consumption

China leads the growth in projected global natural gas consumption

 China’s LNG imports tripled between 2010 and 2016 Global natural gas consumption is expected to grow from 340 billion cubic feet per day (Bcf/d) in 2015 to 485 Bcf/d by 2040, primarily in countries in Asia and in the Middle East, based on projections in EIA’s latest International Energy Outlook 2017 (IEO2017). China accounts for more than […]

By October 25, 2017 0 Comments Read More →