US Mexico climate deal will see countries harmonize efforts, policies in climate change goals The United States and Mexico agreed to a joint task force on climate policy co-operation last week after Mexico announced its emissions will peak by 2026. Mexico anticipates the county’s emissions will then fall 22 per cent below “business as usual”
US Mexico climate deal: Climate change goals aligned Read More »
BlackRock, First Reserve invest $900M in Texas to Mexico pipeline Mexico’s state-owned petroleum company Pemex has signed an agreement giving two investment funds a 45 per cent stake in a Texas to Mexico natural gas pipeline in exchange for $900 million. The Los Ramones pipeline will transport natural gas from Texas to Mexico and is
Texas to Mexico pipeline funding secured Read More »
US Arctic drilling concerns include fragile environment, recent mishaps The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S.
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Oil prices up 5 per cent Oil prices rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite rebels who forced
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North Dakota drill rig count below 100 for the first time in 5 years The North Dakota drill rig count in the state’s western oil patch has slipped below 100 for the first time in five years due to the sagging price of crude. There were 98 rigs drilling in North Dakota on Wednesday. That’s
North Dakota drill rig count to drop below 100 Read More »
Ending US crude oil export ban won’t raise domestic gasoline prices Lifting the 40-year-old US crude oil export ban on would have far-reaching effects on pricing, energy security and energy sector investment, according to new research from the Center for Energy Studies at Rice University’s Baker Institute for Public Policy in Houston. The study, “The
US crude oil export ban should be lifted – Rice University study Read More »
Schlumberger subsidiary conducted business with Sudan and Iran The world’s largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a years long investigation
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Republicans say fracking regulations will delay projects, Democrats say they are too mild Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration’s new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing. Republicans say the new regulations, announced
New US fracking regs: Democrats, Republicans both unhappy Read More »
American Petroleum Institute calls on Federal Govt to do more to prevent oil by rail accidents A new report commissioned by the US Department of Energy debunks the idea that shale crude oil is more likely to explode or catch fire during a train derailment. In the last five years, the movement of crude by rail
Oil by rail: DOE report says shale oil not culprit in derailment explosions Read More »
Climate finance money meant to go to poor countries to help limit carbon emissions Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh, The Associated Press has found. The AP reported in December that Japan
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