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Trudeau approves Trans Mountain pipeline expansion

By: Bloomberg     Updated 5 hours ago Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s Cabinet approved the expansion of Trans Mountain, a... 

Oil set for weekly drop as tanker attacks can't dispel trade woes

By: Bloomberg     14th June 2019 Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war and swelling US stockpiles. Futures in New York were steady after rising 2.2% Thursday. The White House blamed Iran for the... 

Hydrogen offers pathway for lowering hard-to-abate carbon emissions – IEA 

By: Terence Creamer     14th June 2019 Hydrogen and hydrogen-based fuels could help facilitate the decarbonisation of a range of sectors where the pathway for achieving meaningful emission reductions is currently uncertain or difficult, a new global study argues. Released by the International Energy Agency (IEA) at a meeting of G20... 

Erratic weather boosts energy demand, denting climate goals – BP 

By: Reuters     11th June 2019 Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. And while 2018 saw another sharp pick up in renewable power such... 

China's grip on rare earths began with a decision 30 years ago

By: Bloomberg     11th June 2019 It was Beijing’s decision almost 30 years ago to make rare earths a strategic material and ban foreigners from mining them that helped pave the way for China to elbow aside the US as the world’s leading producer. In the intervening period, as China tightened control of domestic output of rare... 

Russia’s latest great game in Africa: energy

By: African News Agency      10th June 2019 Vladimir Putin has made no secret of his intention to return Russia to its previous glory as a world power by all means available to him, not least of which has been military aggression such as in Crimea. But on the African continent, where Russia has no colonial hangover like Europe or the... 

Santos confirms ‘major’ resource at Dorado-2 well

By: Creamer Media Reporter      6th June 2019 Oil and gas major Santos on Thursday announced that the Dorado-2 appraisal well had confirmed a “major” oil and gas resource in the Bedout basin, offshore Western Australia. The well was drilled down-dip about 2 km from the Dorado-1 discovery of July last year, and encountered 85 m of net... 

Papua New Guinea PM says resources reforms will take years

By: Reuters     5th June 2019 New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country's natural resources sector on Wednesday, but said major reform would not take effect for years. That will come as a relief for oil giants such as France's Total and... 

Glencore’s management reshuffle continues

By: Nadine James     3rd June 2019 Diversified miner and commodities trader Glencore on Monday announced that the head of its oil business, Alex Beard, would retire from Glencore, effective June 30. The announcement of his resignation follows that of agricultural business head Chris Mahoney’s, as well as the departure of former... 

India’s ONGC plans mega investments to reverse falling oil production

By: Ajoy K Das     27th May 2019 ndian national oil and natural gas exploration and production (E&P) major ONGC is planning a rapid ramp up of production by spending $9.40-billion over the next three to four years. Stung by a 4% fall in Indian crude oil production during 2018/19, largely owing to ageing fields operated by ONGC,... 

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