Archive for December, 2017
Oil prices up slightly despite January restart of UK pipeline
Oil prices lifted by 6.5 million barrel drop in US crude stocks Oil prices rebounded from earlier losses Thursday despite reports from Ineos, the company that operates the Forties pipeline, that it expects to reopen the shuttered pipeline in early January. By 5:15 p.m. EST, Brent had risen by 17 cents to $64.28 and US […]
Canada needs new pipelines, as widening crude oil price differentials demonstrate
Pipeline opponents claim no new pipelines required, but market punishes Canadian producers with lower prices due to constrained shipping capacity Will the recent widening of the differential between Western Canadian Select and US benchmark West Texas Intermediate prices, which stood at over $34CDN Wednesday, finally put to rest the patently false narrative that the Alberta-based […]
Chinese, Australian ports jammed as demand for coal, iron ore soar
Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]
Last of fish spawning deterrent mats removed by Kinder Morgan, says NEB
NEB had not authorized installation of the deterrent mats, says now that “further enforcement action” being considered In early Sept, the National Energy Board ordered Trans Mountain Pipeline ULC to remove plastic snow fence material laid down in the beds of eight streams during mid-August prevent fish from spawning in the area. The NEB reported Tuesday that as […]
US power sector CO2 emissions fall below transportation sector emissions
Electric power’s share of non-carbon-emitting fuels such as nuclear, hydropower, wind, and solar has grown U.S. carbon dioxide emissions from the transportation sector reached 1,893 million metric tons (MMmt) from October 2015 through September 2016, exceeding electric power sector CO2 emissions of 1,803 MMmt over the same time period, according to the US Energy Information Administration. […]
Podcast: Forget steam, it’s time to microwave that oil sands bitumen!
RF LX downhole heater promises to replace steam for SAGD, lower or eliminate GHG emissions, reduce costs Of all the types of energy news I report, innovation and new technology stories are the most interesting. There’s something about smart people using science and engineering to solve real world problems that gives me hope for humanity. […]
Early $150 million Christmas present for Alberta energy efficiency, climate action programs
Industry eligible for to upgrade facilities/equipment to improve energy efficiency, reduce operating costs, improve competitiveness Santa Claus and his helpers in the form of Kent Hehr and Shannon Phillips dropped down Alberta’s chimney last week, leaving behind funding for that will help Albertans save money and energy while supporting the province’s climate objectives. The $150 […]
Column: What are the transformative technology trends in your industry?
Experts reveal what they see as transformative trends at BP summit in London This article ran in BP Magazine on December 13, 2017 Some futuristic technologies seem inconceivable today, but the same may have been said for a smartphone device 30 years ago. So, what are the trends that may be game-changing across different industries […]
125 Tesla Semi trucks reserved by UPS, largest order ever
Tesla Semi trucks to cost about $200,000 each Reuters reports United Parcel Service Inc announced on Tuesday that it will buy 125 Tesla Semi trucks as the delivery company expands its fleet of alternative-fuel vehicles. The all electric big rigs will cost around $200,000 each, bringing the total UPS purchase to about $25 million. The […]
Oil prices up as Forties pipeline shutdown continues
Oil prices up, but rising US production tempers gains Oil prices rose as the shutdown of the UK’s Forties pipeline and OPEC-led supply cuts continued. As well, data to be released later on Tuesday and early Wednesday is expected to show US crude stocks declined for the fifth straight week. By 1:31 p.m. EST, Benchmark […]
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