By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) – Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger and more sophisticated. …
Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down …
Goldman Sachs Lowers Oil Price Forecast After OPEC+ Decision to Boost Output Read More »
(Reuters) – U.S President Donald Trump’s minerals deal with Ukraine is a big symbolic win for both sides. Ukraine gets a long-term commitment for U.S. investment in “a free, sovereign, and secure Ukraine”. The United States gets a stake in Ukraine’s future resource potential. And Trump gets to prove that he is, to quote White …
US-Ukraine Deal is Heavy on Symbolism, Light on Minerals Read More »
By Ron Bousso Summary Oil majors warn of worsening global economic conditions Yet most stick to large shareholder return programmes And are borrowing more in order to pay for their expenses (Reuters) – Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little …
Big Oil in Business as Usual Mode Despite Nearing Storm: Bousso Read More »
Summary • EU wind and solar growth outpace network upgrades • EU grid infrastructure is ageing, more links needed • More energy storage needed to maintain grid stability (Reuters) – Europe’s ageing power grid and lack of energy storage capacity will require trillions of dollars in investments to cope with rising green energy output, increasing …
EU Power Grid Needs Trillion-Dollar Upgrade to Avert Spain-Style Blackouts Read More »
Sunoco will acquire fuel distributor Parkland Corp, gaining a larger international and U.S. position with plans to create a new public company called SUNCorp.
If there is one thing that is almost certain in the current global crude oil market, it’s that the stated reasons for the OPEC+ group of exporters increasing supply are not the real reasons.The eight OPEC+ countries that are party to voluntary output cuts met on May 3 and decided to ease their curbs again …
COMMENTARY: OPEC+’s ‘Healthy’ Crude Oil Market Looks like Catching a Cold: Russell Read More »
Bypass Road AB, Canada Project Background A project owner was faced with rehabilitating and upgrading an existing energy access road to handle the rigors of a new plant expansion and commissioning. The energy plant, located south of Conklin, required improvements to the 11.5 km (7.1 mile) bypass road, which originally served as a secondary access …
I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they …
I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say Read More »
By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The footprint of energy development continues to occupy less than three per cent of Alberta’s oil sands region, according to a report by the Alberta Biodiversity Monitoring Institute (ABMI). As of 2021, energy projects impacted just 2.6 per cent …
