Jude Hislop

Transportation constraints, export costs widen Brent-WTI crude oil price spread

News

 China is second-largest destination for U.S. crude oil exports In its Nov. Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b […]

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Growth in global energy-related CO2 emissions expected to slow

News

 Technology improvements mitigate population growth-related increases in energy demand EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption, according to the U.S. Energy Information Administration. EIA’s International Energy Outlook 2017 (Reference case) projects that energy-related CO2 emissions will grow 0.6 per cent per year from 2015 to

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Alberta to give municipalities relief on oil and gas uncollected tax

Canada

Cost estimate of program determined once applications received from municipalities, $10 million cap The Alberta government is supporting municipalities by providing a tax credit for uncollectable education property taxes on oil and gas properties, according to an Alberta government press release. Municipalities collect education property taxes on behalf of the province through their municipal property

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Online campaign aims to bring more electric cars to Canada

Canada

Campaign wants Canadians to support an aggressive zero-emissions vehicle policy A new campaign based on the assumption that Canadians have bought fewer electric vehicles because they have fewer models to choose from, especially compared to Americans. That needs to change, argue five leading Canadian organizations that are together driving the point home via a new

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Lower emissions and costs with winning oil sands SAGD heating technology

Innovation

“Challenge programs like these have been great for connecting COSIA members with innovators who may have potential solutions to the problems we are trying to solve.” AMSEnergy’s Heat Pipe Heat Exchanger (HPHX) technology is the winner of the final stage of the ARCTIC Waste Heat Challenge, Foresight Cleantech Accelerator Centre and COSIA announced in a press release. The technology is

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France’s Total becomes 2nd largest global LNG company with $1.49 billion acquisition

Energy Financial

Total expects LNG market to grow 5% to 6% annually Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion, according to a press release. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron

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‘The Trump Shadow: The New Urgency of Business Tax Reform in Canada’ – Conference Board of Canada

Canada

Canada’s business investment has been weak for a number of years By Natasha Jamieson, Conference Board of Canada Amid the shadow of tax reform legislation in the United States and the need to boost business investment at home, Canada should look to reduce the tax burden on businesses of all sizes, according to a new

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Cenovus pays off $940 million debt with Weyburn enhanced oil recovery sale

Energy Financial

Acquisition includes a 62.1% interest in Weyburn(14,600 boe/d) and 200 boe/d of production from other assets Cenovus Energy Inc. agreed to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million to Whitecap Resources, according to a press release. “We’re pleased with the progress we’ve

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