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Fuelling efficiency

Read more...As vehicles become increasingly fuel efficient, don't count on cheaper refined products to spark demand for crude

Often-quoted former baseball player and coach Yogi Berra offered a pearl of wisdom about forecasting several years ago.

"It's tough to make predictions, especially about the future," he once said, in speaking about the prospects of his beloved New York Yankees winning a World Series.

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3 per cent effect

Read more...Spending slashed as U.S. output rise prompts OPEC to protect market share

The collapse of oil prices from the summer of 2014 to multi-year lows following OPEC's November decision to hold production levels rather than cut them in an attempt to shore up prices brought deep cuts to capital spending plans in 2015. As oil prices slid to US$57/bbl for WTI and US$61/bbl for Brent in December, oilsands producer Cenovus Energy sliced a 15 per cent cut off its 2015 capital plan. Supermajor ConocoPhillips said it would spend $13.5 billion in 2015, a decrease of 20 per cent from the previous year.

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Waiting game

Read more...Canada eyes participation in nascent U.K. shale gas industry

The U.K. is sitting on a shale gas resource that could dramatically enhance the country's energy security and reduce its dependence on pipeline gas from Norway or Russia.

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Getting gassed

Utilities in Ontario and Quebec are worried gas consumers will suffer if Energy East goes ahead

Read more...Eastern Canadian natural gas utilities that are opposing TransCanada Corporation's planned conversion of its natural gas mainline to instead carry oilsands and other crudes to eastern Canadian refiners and to export markets are misleading the public when they claim gas consumers in Ontario and Quebec are being unfairly treated by the pipeline giant, says one of Canada's top gas industry consultants.

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They'll be back

Chinese SOE activity may have cooled, but that likely won't last

Read more...Consider the record.

In 2010, Chinese state-owned enterprise (SOE) Sinopec paid US$4.65 billion for nine per cent of Syncrude. A year later, it bought Calgary oil producer Daylight Energy Ltd. in a C$2.1-billion deal. Then another Chinese SOE, PetroChina, bought Athabasca Oil Sands' MacKay River project for $1.18 billion.

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Ground game

CAPP hires a politician to better engage grassroots support for oil and gas development

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It's a sign of the times that the Canadian Association of Petroleum Producers (CAPP) hired a professional politician for its top job. After all, it's politics that is at the root of six years of approval delays for the Keystone XL Pipeline project.

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Showdown

Read more...Are smaller Canadian LNG projects ready to take on the supermajors?

Three decades ago, Glen Perry was in the place that many of the current Canadian LNG proponents are today: trying to do a deal.

It was the early 1980s, and Perry and the rest of the team at Dome Petroleum were negotiating with Japanese natural gas and electric utilities. The latter's representatives had spread out across the world in search of lower-cost LNG.

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