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  1. Oil and Gas: Trudeau says the Canadian oil sands needs to be 'phased out'

      TORONTO (AP) — Canadian Prime Minister Justin Trudeau sparked anger in the oil-rich province of Alberta on Friday for saying Canada needs to phase out the oil sands . Trudeau told a town-hall meeting in Peterborough, Ontario that they can't shut down the oil sands tomorrow but they need to phase it out eventually. The prime minister was asked about his government's approval of pipelines and whether that was consistent with the promise to reduce greenhouse gas emissions. He said there needs to be a transition off dependence on fossil fuels. Trudeau's comments caused outrage on social media and criticism from Alberta politicians. Premier Rachel Notley said the oil sands are not going anywhere any time soon. Alberta opposition leader Brian Jean said the oil and gas industry provides thousands of good-paying jobs and if Trudeau wants to shut it down he'll have to go through him and four million Albertans first. Alberta has the third-largest oil reserves in the world. Jason Kenney, a former federal Conservative minister and leadership candidate for Alberta's provincial Conservative party, said the oil sands represent trillions of dollars of future wealth for Canadian families. "That's our ability to pay for pensions, health care, and infrastructure and education. It also represents hundreds of thousands of good paying jobs for working, middle-income families," Kenney said. Kenney said Alberta won't let Trudeau do to Alberta what Trudeau's father, late Prime Minister Pierre Trudeau, did to Alberta. In 1980, the elder Trudeau brought in the national energy program, a package of taxes and rules designed to funnel more resource revenues to Ottawa while keeping the domestic price below world levels. Alberta's premier at the time took it as a declaration of war. The elder Trudeau was despised in the province.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  2. MARKET WATCH: NYMEX crude oil price settles below $53/bbl

    Crude oil benchmarks traded moderately lower on Jan. 13, ending a 2-day rally driven by some major producers cutting production, especially Saudi Arabia. Light, sweet crude prices settled above $52/bbl on the New York market while Brent crude settled above $53 on the London market.

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  3. MARKET WATCH: Saudi comments lift crude oil prices on jittery world markets

    Crude oil benchmarks gained support Jan. 17 after Saudi Arabia’s energy minister reportedly made positive remarks about a quick rebalancing of the world oil markets. US markets were closed Jan. 16 for the Martin Luther King Jr. holiday.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  4. CNOOC starts oil production from Enping 23-1 fields

    CNOOC Ltd. reported that oil production has started from the Enping 23-1 group of oil fields, which lie in about 90 m of water in the South China Sea’s Pearl River Mouth basin.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  1. Oil and Gas: Oil pipeline safety rule scaled back after cost objections

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  2. Cyberhawk plays key role in development of UK drone guidelines for offshore oil and gas

    Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Systems has welcomed Oil & Gas UK’s new guidelines on the use of drones in offshore environments.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  3. Oil and Gas News: TechnipFMC begins operations as a combined company after merger

    TechnipFMC is operating as a unified, combined company following completion of the merger of FMC Technologies and Technip. The merger creates a global leader in oil and gas projects, technologies, systems and services that will enhance the world’s energy industry.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  4. EIA: February oil output from major US onshore regions to rise 41,000 b/d

    Crude oil output from the seven major US onshore producing regions is expected to rise 41,000 b/d month-over-month in February to 4.748 million b/d, according to data from the US Energy Information Administration.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  5. Oil and Gas News: Utgard and Byrding approved by the authorities

    Utgard is a gas and condensate field on Norwegian and UK continental shelf while Byrding is an oil and gas field north of the Troll field.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  6. Oil and Gas: Sonar maps from MH370 search will reveal more about seafloor

    The deep-sea sonar search for Malaysia Airlines Flight 370 may not have found the plane but will reveal more about how land beneath the Indian Ocean formed over millions of years and where oil fields could lie.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  7. WoodMac: Asia oil production to fall by 1 million b/d by 2020

    Asian oil production is declining at a faster rate than other regions worldwide, and China accounts for about half of the anticipated decline, Wood Mackenzie Ltd. said.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  8. Oil and Gas: BLM accepting comment on possible energy leasing near Zion

    A federal agency is accepting public comment on possible leasing of public lands for oil and gas drilling that could take place as close as two miles from Zion National Park in southern Utah.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

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