Monthly Archives: February 2018

Price rally spells fleeting relief for Canadian oil producers

Canadian heavy crude rallied to a two-month high relative to U.S. crude this week, offering some relief to oil producers in Alberta struggling with thin margins amid plentiful supply. The rally was likely to be short-lived, traders and analysts said, because output continues to grow without a corresponding increase in transportation capacity. Canada’s crude typically [Read More…]

Source: Headlines – BOE Report

Climate Denier Tim Ball: Trump Approved, But Not Credible Enough To Stand Accountable For Libel

Viewing an iceberg from a ship window

It was gratifying, today, to see a senior justice of the Supreme Court of British Columbia denounce the professional “climate change sceptic” Dr. Tim Ball as incompetent, inattentive and, perhaps, indifferent to the truth.

But it was an outrage to see the same judge let Ball so casually off the hook, by dismissing a libel action that had been brought by …

Source: DeSmogBlog

EP Energy Announces Closing of Eagle Ford Acreage Acquisition and Divestiture of Certain Altamont Acreage

HOUSTON, Feb. 9, 2018 /PRNewswire/ — EP Energy Corporation (NYSE: EPE) today announced that it has closed the previously announced acquisition of certain producing properties and undeveloped acreage in the Eagle Ford operating area in South Texas.  The company also closed on the previously announced divestiture of certain assets in its Altamont acreage in the Uinta [Read More…]

Source: BOE Report

Amid unrest, Canada plans to overhaul energy project assessments

The Canadian government, which faces growing protests against major energy projects, this week will present plans to improve the way oil pipelines and mines are assessed, two well-placed sources said. Three entities share responsibility for probing the environmental impact of proposed projects, a system the ruling Liberals say the public does not trust. Ottawa is [Read More…]

Source: BOE Report