Oil Investors Shrug Off EV ‘Revolution’
EVs can “eat into traditional market share for liquid fuels,” but that’s largely a “developed economy, or rich country issue at this point.” — Dean Foreman, American Petroleum Institute. Over Continue Reading
Dealmaking In U.S. Shale Patch Heats Up As Oil Prices Rise
Rising oil prices are encouraging U.S. shale producers to put up for sale non-core assets to streamline operations and reduce debt. Property sales have accelerated this year as exploration and Continue Reading
Canada’s Top Oil Sands Firms Set Up Net-Zero Emissions Alliance
The biggest oil sands producers in Canada announced on Wednesday a net-zero collaboration initiative to achieve net-zero emissions from oil sands operations by 2050 to help Canada to meet its Continue Reading
ANALYSIS: US Midwest gas-fired power demand down this summer despite warmer temps
Prices prompting gas-to-coal switching Wind generation capacity up year over year Despite warmer temperatures and the absence of coronavirus-related demand destruction, Midwest gas-fired power generation is down 300 MMcf/d summer Continue Reading
US refined product stocks climb on stronger refinery runs, weaker demand
Highlights Gasoline stocks climb 7.05 million barrels Implied gasoline demand hits 12-week low Crude stocks fall 5.24 million barrels US refined product inventories were sharply higher in the week ended Continue Reading
Indigenous Group Wants 100 Percent of TM Pipeline
Project Reconciliation, a Canadian indigenous group seeking a stake in the Trans Mountain oil pipeline, is now aiming for a path to full ownership, the group’s new chairman said. (Bloomberg) Continue Reading
Exxon to invest $240 million in Louisiana refinery -Governor
Exxon Mobil Corp (XOM.N) plans to invest $240 million to expand the crude slate and improve pollution control at its 502,500 barrel-per-day refinery in Baton Rouge, Louisiana, said the state’s Continue Reading
Developer officially cancels Keystone XL pipeline project blocked by Biden
A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. Continue Reading
Keystone XL Oil Project Abandoned by Developer
Canada’s TC Energy Corp. TRP 0.59% and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a yearslong controversy over an effort to pipe more Continue Reading
Biden EPA moves to reverse and rewrite Trump administration changes to Clean Water Act – The Washington Post
The Biden administration is set to toss out President Donald Trump’s efforts to scale back the number of streams, marshes and other wetlands that fall under federal protection, kicking off Continue Reading