What’s going on with oil and energy these days? Last week, SNL Financial noted that, “Canada’s crude oil producers are looking to markets other than the U.S. to sell increased output amid delays in pipeline expansions, according to the president of the Canadian Association of Petroleum Producers. “In terms of growth potential, Keystone is obviously […]
Comment: Fox Guarding Henhouse
How did it get missed for the last ten years?” That was the question Deborah Hersman, chair of the U.S. National Transportation Safety Board (NTSB), posed to a panel of industry representatives back in April about how the rail industry had missed the fact that Bakken oil is more explosive than traditional crude oil. “How do we […]
Social license requires integrity and follow through
If the oil industry isn’t going to operate on a zero spill mandate, when there are issues at sites and cleanups are not done quickly enough to satisfy area residents, a companies social license can be in jeopardy. That’s what’s happening in Louisiana. Many landowners in the southern state have been locked in a battle […]
U.S. oil imports expected to hit mark not seen in almost half a century
Next year the United States is expected to import its lowest amount of oil since 1970. By the end of 2015, imported oil will account for just 22 percent of what is used in the States. Because of the all the oil being produced in the U.S., the industry is urging the Obama government lift […]
Opposition to pipeline mounts
B.C. Nature (Federation of BC Naturalists), a conservation organization is joining the legal battle against the Harper government’s approval of Enbridge’s Northern Gateway pipeline. The group filed a legal challenge this month. The claim is claiming the government does not have the authority to approve the pipeline. “We are strongly of the view that there […]
Alberta ministers check US Oil Sands without leaving the province
A couple of Alberta government ministers have made a trip to Grande Prairie to see U.S. Oil Sands operations. The company which focuses on oil sands exploration and production in Utah, welcomed Minister of Energy, Diana McQueen, and Minister of Transportation & Infrastructure, Wayne Drysdale. The pair toured to tour US Oil Sands bitumen extraction […]
Something stinks!
There are plenty of beefs about the oil industry’s impact on climate change. Turns out livestock account for 70 percent more methane (a potent greenhouse gas) emissions than the oil and gas industry The finding, is part of a new study based on old data collected a decade ago. The findings indicate the U.S. Environmental […]
Total S.A. finds out the hard way what the rest of the oil industry is experiencing
When Total’s chief Christophe de Margerie launched a “high risk, high reward” oil exploration strategy two years ago, he was betting he could hit a bonanza, where his rivals had failed.. Now it appears the French oil company is following the industry trend of making smaller and fewer finds. This despite the fact global investments […]
Earthquakes spur more fears about fracking
A jump in the number of earthquakes in Oklahoma, and across the north central U.S. from Colorado to Ohio. Is it just a coincidence the increase in seismic activity if happening along with oil activity? That’s what scientists and regulators are trying to determine. Some seismologists believe waste water injected back into the ground is […]
China’s not gushing about Canada’s oil patch
About two years ago people across Canada voiced their concerns about China’s involvement in Alberta’s oil patch. Instead of cashing in a Financial Post (FP) report says “some of the major acquisitions are looking messy to hopeless.” Rather than cash flowing into Chinese investors pockets, they seem more content with cutting costs. As a result […]
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