Saturday, 1 February 2025

Focus on Fuel

Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., Jan. 20, 2016. THE CANADIAN PRESS/Jason Frans
BusinessInfrastructureLiquefied Natural GasNewsOilTrade

Precision Drilling expects rig demand growth with LNG Canada startup

Precision Drilling sees record demand from Trans Mountain boost, eyes LNG Canada startup to further lift Canadian drilling.

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
BusinessElectionsLiquefied Natural GasNewsPoliticsTrade

US LNG export gains at risk if Trump wins election and boosts tariffs, analysts say

Analysts warn that if Trump wins, US LNG exporters may face new challenges from a proposed 60% tariff on Chinese imports.

AnalysisContracts for DifferenceEconomyElectricityEmissions MarketsHydrogen

Is the UK’s hydrogen infrastructure prepared for a CfD-powered future?

The U.K.’s green hydrogen CfDs faces cost, demand, and market challenges. An OIES paper says government support and innovation are essential.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. Picture taken November 21, 2019.  REUTERS/Angus Mordant/File Photo
BusinessEmissionsEnvironmentInfrastructureOilRegulations

US sets new safety measures as deep sea oil drillers test new depths

New BSEE rules for ultra-high pressure offshore drilling follow Chevron's breakthrough Anchor project, enhancing safety standards for high-stakes operations.

Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil. Smith speaks to reporters during meetings with Canada's other premiers at the Council of the Federation in Halifax on Tuesday, July 16, 2024. THE CANADIAN PRESS/Darren Calabrese
Carbon ManagementCourtsEmissionsEmissions MarketsNatural GasNewsOilPoliticsRegulations

Alberta applies for judicial review of federal carbon price, calls it unfair

Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, as a 1.5MW GE wind turbine from the Desert Sky Wind Farm is seen in the distance, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
AnalysisElectionsElectric Vehicles (EVs)ElectricityEmissionsFuelLiquefied Natural GasNatural GasOffshore WindOilPoliticsSolarWind

How do Trump and Harris differ on energy policy?

Trump and Harris both seek to expand U.S. energy production, but differ sharply on methods, with Harris favoring clean energy.

FILE PHOTO: A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024. REUTERS/Luis Manuel Lopez/File Photo
BusinessEconomyNewsOil

Mexico’s Pemex posts wider third-quarter loss of $8.2 billion

Pemex has reported a deeper 161.3 billion peso ($8.2 billion) third-quarter net loss, according to a filing with the Mexican stock exchange.

Developers have suspended oil extraction at the Horse Hill site in Surrey four months after the Supreme Court quashed its planning permission (Gareth Fuller/PA)
CourtsInfrastructureNewsOil

Developers stop oil drilling in Surrey amid legal row after UK Supreme Court ruling

Developers have suspended oil extraction at a site in Surrey four months after the Supreme Court quashed its planning permission.

FILE PHOTO: A United Steelworkers flag is seen in this file photo. REUTERS/Rebecca Cook/File Photp
BusinessGreen SteelIndustryInfrastructureLabourManufacturingOil

US Steelworkers union looks to clean energy to replace job losses at oil refineries

USW aims to grow membership with 17,000 new jobs from clean energy projects despite potential Trump challenges.

FILE PHOTO: Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at the Kinder Morgan Terminal, viewed from the Phillips 66 Company's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessIndustryInfrastructureNatural GasNewsOilTransmission

Refiner Phillips 66 reports lower third-quarter profit on weak fuel demand

Phillips 66 exceeded profit forecasts in Q3, driven by strong chemicals and midstream performance, despite declining refining margins

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