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In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.
One hundred and fifty-three years after the fire extinguisher was patented by Alanson Crane, and the overnight rally in the crude market has once again been snuffed out. After double bearish trouble yesterday came in the form of the IEA and EIA monthly reports, today’s OPEC report has again put a damper on things. Although […]
The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
Spectra Energy’s beleaguered naturals gas liquids business and a weaker Canadian dollar dragged down what was otherwise strong end to 2015, the company reported Wednesday.
The National Energy Board has come under fire recently as it grapples with about $18 billion in new proposed, controversial pipelines carrying oil sands crude.
Kinder Morgan’s Trans Mountain project would nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. It would carry oil from Alberta’s oil sands to the Vancouver area to be loaded on to barges and tankers for Asian and U.S. markets.
Four hundred and fifty-five years after the birth of Sir Francis Bacon, and the crude complex is being philosophical about the recent rampant sell-off….and rallying like a mad thing. Today’s rally is based empirically on the view that the crude market had become exceedingly oversold (it had), with yesterday’s bad-is-good announcement of mo’ stimulus from […]
Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
Suncor, the country’s largest oil producer, raised it’s offer to 0.28 of its shares for every Canadian Oil Sands stock, according to a statement on Monday.
The energy research firm’s dollar-figure estimate has nearly doubled since its first report on the matter last July, as oil prices crashed from around $60 a barrel in the summer to about $30 a barrel this week.