Markham Hislop

Oil sands producers ‘on the edge’ with big discount to WTI

News

Major shutdown at refinery that processes Canadian oil sands crude, pipeline disruptions weighing on industry The price of oil hit a six-year low Wednesday as U.S. stockpiles posted an unexpected increase, bringing further pain to Canadian oil sands producers. The price of West Texas Intermediate, the North American oil benchmark, went as low as US$40.40 in intraday trading […]

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Muslim scholars call for phase out of greenhouse gas emissions

News

Scholars call for greenhouse gas emissions to be phased out by mid-century ISTANBUL –  Muslim scholars and environmental advocates from about 20 countries on Tuesday called for a global phase-out of greenhouse gas emissions by mid-century, joining a chorus of religious leaders urging the world to take strong action against global warming. Participants in a seminar in

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Hillary Clinton voices opposition to Keystone XL delays, Arctic drilling

News

Clinton not taking a stance on Keystone XL unless still pending following election LAS VEGAS – Hillary Rodham Clinton is opposing President Barack Obama’s authorization for oil drilling in the Alaska Arctic and his delays on the Keystone XL pipeline, in some of the clearest signs of the Democratic front-runner distancing herself from the president. Having agreed

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Crude oil inventories up, energy stocks tumble

News

Benchmark U.S. crude oil dropped $1.95 to $41.17/b, Brent fell $1.96 to $46.88/b Shares of the world’s biggest oil companies are tumbling to multi-year lows on new data showing that U.S. crude oil inventories continue to rise at a time of year when they are typically in decline. Commercial inventories increased by 2.6 million barrels last week, according an Energy Information Administration report Wednesday, jolting energy

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EIA crude oil prices forecast plunges due to market ‘uncertainty’

News

EIA is forecasting lower and upper limits of $27/b and $103/b for crude oil prices in December 2016 The uncertainty roiling global oil markets has caused the Energy Information Administration to lower its crude oil prices prediction to $49/b in 2015 and $54/b in 2016. The revised Short-Term Energy Outlook for West Texas Intermediate (WTI) lowers the EIA’s

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Feds look to cut methane emissions from oil, gas production by nearly half

News

Methane emissions cut to curb climate change WASHINGTON – The Obama administration on Tuesday proposed cutting methane emissions from U.S. oil and gas production by nearly half over the next decade, part of an effort by President Barack Obama to curb climate change. The administration’s target is to cut methane from oil and gas drilling by 40

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Feds OK Arctic Ocean offshore drilling: First time in 20 plus years

News

Shell granted final permit for Arctic Ocean offshore drilling ANCHORAGE, Alaska – The federal government on Monday gave Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more than two decades. The Bureau of Safety and Environmental Enforcement announced that it

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EnerJex Resources: Hedging against low oil prices, consolidating debt

Energy Financial

EnerJex Resources announces joint venture, hedging successes, debt reduction As low oil prices continue to hammer American producers, prudent companies like EnerJex Resources continue to manage their way through challenging times. San Antonio, TX-based EnerJex Resources issued an operational and financial update Monday: On August 12, 2015, EnerJex completed the sale of various oil and

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Canadian LNG project OK’d, will export US natural gas to Europe

News

Proposed Canadian LNG project owned by Pieridae Energy On Monday, Pieridae Energy (Canada) Ltd, announced it received approval of a long-term licence to export US and Canadian natural gas from a proposed Canadian LNG terminal in eastern Canada. The natural gas will processed at the company’s proposed Goldboro LNG plant located in Goldboro, Nova Scotia.  The LNG will then be

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