Lasting Strait of Hormuz Risks Strengthen Case for Canadian Heavy Oil Exports

CDN and International News, Conventional Energy, Latest, Oil / By

G7 leaders welcome prospect of more Canadian crude in world markets By Deborah Jaremko Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of …

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Iran’s $300 bln Rebuild Fund Risks a Familiar Fate

CDN and International News, Latest / By

By Afiq Fitri Alias LONDON, July 3 (Reuters Breakingviews) – The United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake …

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Americans Hit Road for July 4 Despite High Gasoline Prices

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels. The easing of tensions between the U.S. and Iran has provided some relief at the pump, reducing fears that disruptions to oil shipments through the Strait of Hormuz could send fuel …

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Trump Biofuel Goals Hit Reality as US Plants Lag

Biofuels, Energy Topics & Technology, Latest, US News / By

Summary US biodiesel producers operated around 77% of capacity in May, below the EPA’s 90% assumption for mandates May generated 736 million biomass-based diesel RINs versus roughly 915 million needed monthly AFPM has sued and urged lawmakers to reconsider the 2026 biofuel mandates (Reuters) – President Donald Trump’s effort to boost production of bio-based diesel and …

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Canada, Alberta Announce New West Coast Oil Pipeline to Boost Exports

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

By Amanda Stephenson  Summary Pipeline would carry 1 million barrels per day from Alberta to the Pacific coast Alberta said construction could begin as early as September 2027 Pipeline would give Canada more export options to Asia Pembina would hold a 10% construction stake with an option for another 10% (Reuters) – Canada announced plans …

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Heat Dome Poses Woes for Largest US Power Grid Beyond Data Center Boom

Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Tim McLaughlin PJM forecast record demand of 166.2 gigawatts at about 6 p.m. EDT Thursday Wholesale power costs rose 68% to $40 billion in the first five months, PJM watchdog says Data center demand accounted for $3.8 billion of the $16.25 billion year-over-year cost increase BOSTON, July 2 (Reuters) – Largest U.S. ​power grid …

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Los Angeles-Area Gas Appliance Ban Upheld by US Appeals Court

Conventional Energy, Latest, Natural Gas, US News / By

By Jonathan Stempel July 2 (Reuters) – A divided federal appeals court on Thursday upheld a ban covering four Los Angeles-area counties on the manufacture, sale and installation ​of various appliances that emit nitrous oxides, rejecting claims by appliance ‌makers and trade groups that the pollution control measure conflicted with federal law. In a 2-1 …

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Norway’s Unions Agree Wage Deal to Avert Strike at Offshore Installations

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

OSLO, July 2 (Reuters) – Norway’s unions representing workers on drilling rigs and floating ​production platforms reached a wage ‌deal on Thursday evening, ahead of a midnight deadline to avert a strike, labour ​unions and the employers’ ​association said. The unions had threatened to ⁠call out more than 600 ​members employed on Transocean’s Encourage rig, …

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US Energy Firms Add Rigs for Third Week in a Row, Says Baker Hughes

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by 7 to 580 in the week to July 2, its highest …

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