The Full Scale Of Brazil’s Oil Spill Remains A Mystery

Brazilian President Jair Bolsonaro said Sunday that “the worst is yet to come” with an oil spill that has affected fisheries and polluted more than 200 beaches on the country’s coast, Agence France-Presse reported. “What came so far and what was collected is a small amount of what was spilled,” Bolsonaro said in an interview with Record television. Oil slicks ...

Source: Oilprice.com

World’s Third-Largest Oil Nation Dumps Climate Change Plan

Just a couple of months after it announced it will move ahead with a plan for emission reduction, Russia has abandoned the plan, under pressure from businesses that face steep fines if they don’t comply with the new rules. Bloomberg quoted a statement by the Economy Ministry, which said, “After consultations with the government, it was decided to abandon the ...

Source: Oilprice.com

New natural gas pipelines are adding capacity from the South Central, Northeast regions

The United States is expected to add between 16 billion cubic feet per day (Bcf/d) and 17 Bcf/d of natural gas pipeline capacity in 2019, most of which was built to provide additional takeaway capacity out of supply basins. Of the 134 active natural gas pipeline projects the U.S. Energy Information Administration (EIA) tracks, 46 have entered or are expected to enter service in 2019. These projects will increase deliveries by pipeline to Mexico or to liquefied natural gas (LNG) export facilities in the Gulf Coast region.

Source: EIA: Today in Energy

Pengrowth Recorded Positive Adjusted Funds Flow in the Third Quarter of 2019 of $10.7 million Despite Lower Commodity Prices and Restructuring Costs

CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth” or the “Company“) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and nine months ended September 30, 2019. Unless otherwise indicated, financial figures are expressed in Canadian dollars. “Negotiations with our lenders on an amendment and extension of our notes and credit [Read more]

Source: BOE Report