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Trump Presidency Is Next Worry for Battered U.S. Wind Sector

Latest, Renewable Energy, US News, Wind / By

The candidate’s vocal disdain for wind farms is another worry for developers, who’ve faced high costs and supply-chain woes.  Companies racing to build multibillion-dollar wind farms in US waters are already contending with surging borrowing costs, supply-chain woes and project pullbacks. Now, they’ve got a new worry: Donald Trump. The former US president and presumptive Republican nominee …

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Oil’s Fragile Outlook Spells Weaker Prices in 2025

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

Oil’s Fragile Outlook Spells Weaker Prices in 2025 Demand growth is set to cool and will be more than satisfied by a surge in supply. Bloomberg The emerging outlook for global oil markets next year suggests prices are set to come under pressure. In the past few weeks, forecasters such as the International Energy Agency have rolled out initial …

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Barclays Faces Investor Pressure to Halt Fracking Finance

CDN and International News, Energy Topics & Technology, Finance, Latest / By

Church of England is among shareholders pressing UK bank ‘Stop funding this damaging and dangerous fuel’: ShareAction A group of 24 institutional investors with a combined $1.2 trillion of assets wants Barclays Plc to stop financing fracking, and argued a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration …

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Midstream Space Is Ripe for More M&A, Energy Transfer Says

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pipelines, US News / By

Bllomberg Pipeline operator Energy Transfer LP says it intends to fully evaluate opportunities for mergers and acquisitions. Since last year, there has been a wave of acquisitions among US oil and gas producers as they seek to cut costs and line up new well sites. Though most of the deals have been between drillers, the pipeline sector …

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Bear Market for Diesel Spells Fresh Troubles for Oil

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

(Reuters) – Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure. The lower refining margins for diesel, one of the world’s key industrial and transport fuels, have already prompted some refiners …

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Canada’s Pipeline Squeeze Set to Return Despite Trans Mountain Start-Pp

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

(Reuters) – As Canada’s oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of …

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Oil Rises on U.S. Crude Storage Draw, China Imports Up

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary U.S. crude stockpiles fall, products post surprise build, EIA says China April oil imports rise 5.45% from a year ago (Reuters) – Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a rise in Chinese imports last month supported higher demand expectations for the world’s two largest crude …

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Australia Backs Long-Term Gas Exploration Despite 2050 Climate Goals

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas / By

Australia’s resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use. Australia, one of the world’s largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net …

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