July 27, 2016

Proposed pipeline would move 1.1 MMBOPD eastward across 6 provinces to port for shipping to Texas refineries From Canadian Business BOSTON – Environmentalists are again taking aim at the company that proposed the Keystone XL pipeline — this time for another of its projects they fear would send hundreds of supertankers laden with crude oil down the Atlantic coast to

From Power Magazine Hopes that the beleaguered U.S. shale gas industry can find new markets have come to fruition as the second shipment of liquefied natural gas (LNG) was unloaded at a European port on July 22, with the promise of more to come. After being loaded at the Cheniere-owned Sabine Pass Terminal in Louisiana (Figure) on July 4, the

From CNBC The Federal Reserve opted Wednesday not to raise interest rates, despite painting a rosier economic picture than it did just a month ago. As expected, the Federal Open Market Committee kept its overnight interest rate target in the 0.25 percent to 0.5 percent range. However, it noted a labor market that has “strengthened” and said other indicators were

From Bloomberg If Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering. The major integrated oil companies, including Exxon Mobil Corp., Total SA and BP Plc, have relied on their so-called downstream businesses, which include refining crude into gasoline, oil trading