US shale producers in prime fields have little trouble accessing cash Investors and financiers are throwing money into US shale production companies which will likely mean US output will continue to rise through the middle of the coming decade, according to a report by Reuters. The money is pouring into the shale producers, despite pressure […]
US shale investment pouring in despite concerns on returns Read More »
Oil prices mixed with Brent down slightly, WTI up Oil prices were mixed on Friday and sat below two-year highs as rising US output overshadowed the outage of a North Sea crude pipeline and the OPEC supply cut deal. By 1:00 p.m. EST, Brent crude futures were down 4 cents to $63.27/barrel and US WTI
Rising US output keeps a lid on oil prices gains Read More »
Ontario electric truck rebate part of Green Commercial Vehicle Program The newly announced Ontario electric truck rebate could be worth up to $75,000 for buyers of electric trucks in Canada’s most populated province, according to a report by Reuters. The rebate are offered through a $12 million fund for the fiscal year ending March 31,
Ontario electric truck rebate to roll out soon Read More »
Cenovus looking to cut additional 15 per cent of workforce Cenovus Energy will cut hundreds of jobs and reduce 2018 capital spending under the leadership of Alex Pourbaix, the new chief executive of the Calgary-based, company. Pourbaix says he’s looking to move more quickly to get the company’s financial house in order than preceding management
More Cenovus jobs lost as company looks to cut costs Read More »
Oil prices up slightly on Thursday Oil prices rose slightly on Thursday due to the continued outage of the Forties pipeline, the network that moves about 450,000 barrels of crude per day from North Sea platforms to refineries in Scotland. By 1:25 p.m. EST, US WTI rose by 18 cents to $56.78/barrel and Brent crude
Forties pipeline shutdown, drop in US crude stocks bump up oil prices Read More »
Oil prices down despite significant decline in US crude stocks Oil prices fell on Wednesday despite data from the US Energy Information Administration showing a significant decline in US crude stocks. Prices dipped due to a larger-than-expected increase in US gasoline inventories and ballooning crude output from US producers. By 2:57 p.m. EST, US WTI
Oil prices dip on higher gasoline inventories, US output Read More »
Venezuelan oil & gas reforms linchpin for country’s economic, social recovery Leopoldo López and Gustavo Baquero – co-authors of Venezuela Energética – have presented a bold new vision for Venezuela’s economic and social recovery, using dramatic reforms of oil and gas as the linchpin. López and Baquero state that “energy reform can be the pivot
Leopoldo López calls for reform of Venezuelan oil and gas sector Read More »
Bold Nebraska meeting with landowners along approved route Bold Nebraska, the Cornhusker state’s main anti-pipeline group, is gearing up to fight TransCanada’s Keystone XL pipeline project which was recently approved by Nebraska regulators. The group is speaking with landowners it says were not given a voice in the regulatory process. These landowners are situated along
Anti-pipeline group Bold Nebraska rallying against Keystone XL Read More »
Tesla Semi trucks purchase part of PepsiCo’s plan to cut GHGs PepsiCo Inc is the latest major US company to reserve new Tesla Semi trucks. The second-largest food and beverage company in the world has placed an order for 100 electric semi trucks, the largest Tesla big rig order to date. The maker of Mountain
PepsiCo pre-orders 100 Tesla Semi trucks Read More »
Oil prices rise to two-year high before losing gains On Tuesday, oil prices surged to a two-year high after cracks found in the Forties pipeline shut down the United Kingdom’s largest North Sea crude pipeline, cutting into the supply of Brent crude. The 406,000 barrels per day (b/d) pipeline was shutdown on Monday, the first
Oil prices dip after early session surge due to pipeline shutdown Read More »
