Oil production in May faced most disruptions since 2011
HOUSTON – Wildfires in Canada and pipeline bombings in Nigeria in May disrupted more of the world’s oil production than during any month in at least half a decade, pushing fuel prices higher, the...
View Article‘Clean’ power to produce half of U.S. energy by 2025
If the U.S. Clean Power Plan takes effect, renewable and nuclear energy will provide almost half of the country’s electricity production by 2025, the Department of Energy said in a report released...
View ArticleShell selling Canadian shale assets for $1 billion
Royal Dutch Shell has agreed to sell off Canadian shale assets to Tourmaline Oil for $1.04 billion, its latest in a string of transactions aimed at shedding assets to make room for its recently...
View ArticleCanada to phase out coal-fired electricity by 2030
TORONTO — Canada announced Monday it plans phase out the use of coal-fired electricity by 2030. The move is in stark contrast to President-elect Donald Trump’s vow to revive the American coal industry....
View ArticleDrillers face $43 billion cash shortfall in 2017, study says
North American drillers could face a $43 billion cash shortfall this year even with oil prices on the rise, according to a new study. U.S. shale drillers and Canadian producers would need oil prices to...
View ArticleShell sells Canadian assets for $7.3 billion
Royal Dutch Shell said it has agreed to sell much of its Canadian oil sands business for $8.5 billion. It has also struck a deal to purchase other Canadian assets from Houston’s Marathon Oil Corp. for...
View ArticleHey, Trudeau, how’d that meeting go with Trump? ‘We’re Canadian. We get along...
Canadian Prime Minister Justin Trudeau’s one-day swing through Houston isn’t just a platform to tout his commitment to energy development and environmental responsibility. Trudeau is also gathering...
View ArticleU.S. oil exports increased, spread across the globe in 2016, EIA says
U.S. oil exports climbed 12 percent last year even as domestic output dropped, bringing the nation’s overseas shipments to an average of more than half a million barrels a day, the Energy Department...
View ArticleConocoPhillips to sell Canadian assets for $13.3 billion
ConocoPhillips plans to sell its stake in a Canadian oil sands project and separate natural gas assets for $13.3 billion to Canadian producer Cenovus Energy, the company said Wednesday. The Houston...
View ArticleCanadian crude boom could send more oil to Gulf Coast refineries
Gulf Coast refineries may soon see a boost in crude volumes arriving at their doorstep, as Canadian oil sands production finally ramps up, Chicago investment research firm Morningstar said in a report...
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