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 […]
Chinese, Australian ports jammed as demand for coal, iron ore soar Read More »
Urgent action needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies for coal power plants Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes
Global coal demand to remain flat to 2022, resulting in a decade of stagnation Read More »
Project will create 2,300 full-time construction jobs, 180 full-time operational positions Calgary-based Inter Pipeline says cheap propane feedstock and low electricity rates combined with the Alberta government’s petrochemical $200 million of subsidies will allow its polypropylene plant in the Industrial Heartland near Fort Saskatchewan to be competitive in the North American market when the facility opens in
Survey sees operators keeping close a close eye on cost inflation in 2018 The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the
Can oil and gas upstream cost savings stick? Read More »
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 »
Pre-salt oil deposits are under deep, thick layers of rock and salt and require substantial investment to extract Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to U.S. Energy Information Administration data through Aug., up from 3.2 million b/d in 2016 – making it
Production from offshore pre-salt oil deposits has increased Brazil’s oil production 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 »
Starting in 2019, World Bank Group will stop financing upstream oil and gas exploration and production in developing countries The World Bank says it will work with Canada to help developing countries transition away from coal-fired power generation. In a separate announcement at the One Planet Summit, the global organization set up to promote economic development and
World Bank teams up with Canada to help developing countries transition from coal Read More »
Reversing course on low-carbon economy unwise for Canada, despite US stance By Glen Hodgson The transformation to a low-carbon economy has begun. Much of the public debate has been about the policy framework and instruments for shaping a low-carbon economy. Some of the basic economic fundamentals, such as the role of consumption and investment, and
Low-carbon economy will not be made by policy alone Read More »
