RSSCategory: Energy

Elon Musk vows to jolt electricity market with move to home batteries

May 1, 2015 | By | Reply More
Elon Musk vows to jolt electricity market with move to home batteries

Elon Musk wants to fundamentally change the way the world uses energy Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect […]

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New rail safety standards announced by Canada, US

May 1, 2015 | By | Reply More
New rail safety standards announced by Canada, US

Rail safety standards include different braking system, retrofits, new speed limits Rail tank cars used to transport crude oil and many other flammable liquids will have to be built to stronger standards to reduce the risk of a catastrophic train crash and fire, under sweeping new safety rules unveiled Friday by U.S. and Canadian transportation […]

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Energy East: TransCanada can live with one export terminal

May 1, 2015 | By | Reply More
Energy East: TransCanada can live with one export terminal

TransCanada also expecting decision from BC regulator on natural gas pipelines Pipeline operator TransCanada says it can live with having a single export terminal in New Brunswick for its proposed Energy East pipeline. The Calgary-based company had aimed to also export crude from Cacouna, Que., but scrapped those plans last month. It also pushed back […]

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US Senators propose fee on older model oil train cars

April 30, 2015 | By | Reply More
US Senators propose fee on older model oil train cars

Oil train cars fees would go to train first responders, clean spills, relocate rails U.S. senators from six states on Thursday proposed that the government charge companies a special fee to ship oil, ethanol and other flammable liquids in older railroad tank cars that have been involved in fiery explosions. The fee would start at […]

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PSAC says 5,320 wells to be drilled in 2015

April 30, 2015 | By | Reply More
PSAC says 5,320 wells to be drilled in 2015

PSAC reports number of wells down by nearly half of October prediction A drilling industry group is slashing its forecast for the number of wells that will be drilled in Canada this year by nearly half. The Petroleum Services Association of Canada is calling for only 5,320 wells across the country in 2015. The group […]

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Renewable energy all pain, little gain: Fraser Institute

April 30, 2015 | By | Reply More
Renewable energy all pain, little gain: Fraser Institute

Renewable energy all but guarantees higher electricity bills By Kenneth P. Green and Taylor Jackson for Troy Media BC Hydro’s planned project for a hydroelectric dam on the Peace River – known as the Site C dam – is proving to be controversial, with some industry groups panning the plan while touting renewable energy sources such […]

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Jessica Ernst appeal to be heard at Supreme Court

April 30, 2015 | By | Reply More
Jessica Ernst appeal to be heard at Supreme Court

Jessica Ernst looking to sue the Alberta Energy Regulator over fracking The Supreme Court of Canada will decide whether an Alberta woman can sue the province’s energy regulator over her claim that hydraulic fracturing has so badly contaminated her well that the water can be set on fire. Jessica Ernst began legal action against the regulator […]

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Exxon Mobile Q1 profits down 46% to US$4.94B

April 30, 2015 | By | Reply More
Exxon Mobile Q1 profits down 46% to US$4.94B

Lowest Exxon Mobile Q1 in six years Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon’s top and bottom lines. It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results […]

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Oilsands giants Suncor, Imperial report earnings – focus on costs

April 30, 2015 | By | Reply More
Oilsands giants Suncor, Imperial report earnings – focus on costs

Suncor cuts 1,200 jobs Top oilsands executives say they’re looking past swings in crude prices and focusing instead on what’s within their control. “The truth is no one knows” where prices are heading, Rich Kruger, CEO of Imperial Oil Ltd. (TSX:IMO), said Thursday at the company’s annual meeting. “At Imperial, we are approaching our business as […]

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Cenovus CEO pans royalty review as Alberta election looms

April 29, 2015 | By | Reply More
Cenovus CEO pans royalty review as Alberta election looms

Cenovus CEO says jobs could go elsewhere The CEO of Calgary-based Cenovus Energy says it would be a bad idea to review Alberta’s royalty structure at a time when crude prices are down by half. Brian Ferguson says if Alberta is not fiscally competitive, then jobs and investment will go elsewhere. Royalties have become a […]

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