Suncor Energy Inc. reported today that production at its oil sands facility during May averaged approximately 296,000 barrels/day (bpd). Year-to-date oil sands production at the end of May averaged approximately 286,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd (+5 percent/-10 percent) in 2009.
In addition to Suncor’s proprietary production of sweet and [...]
THE outlook for Australia’s coal exporters has continued to weaken, with reports of further falls in contract thermal coal prices.
Japanese newsletter The Tex Report said first coal contracts for Japan’s next financial year had been signed, with utilities getting coal at the export port at between $US70 and $US80 a tonne — up to a [...]
MEXICO CITY — The Mexican Senate approved legislation on Thursday intended to reverse a decline in production by the state-owned oil monopoly Pemex, but analysts said the measures would not go far enough.
The legislation frees Pemex from many government controls and will allow the company more flexibility in the way it signs contracts. But critics [...]
By MARK BURKHALTER
When fights start breaking out at gas stations, children are in jeopardy of not being able to get to school, workers can’t get to their jobs and fathers may not be able to get home from work, it’s easy to say with certainty that Washington has failed us when it comes to energy [...]
By JOE MILICIA
CLEVELAND (AP) — The nation’s first plant with the capacity to recycle used transformer oil opened this week in Canton, bringing some coveted green jobs to northeast Ohio.
The Hydrodec plant has the capacity to recycle 8 million gallons of transformer oil each year. Transformer oil insulates and cools transformers, which switch electrical supply [...]
By Tom Doggett
WASHINGTON, Oct 6 (Reuters) - U.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday.
The national price for regular unleaded gasoline is $3.48 a gallon, up 71 cents from a year [...]
NEW YORK – Average natural gas production this winter is expected to rise by 8% compared with last winter to its highest level in 35 years, the Natural Gas Supply Association (NGSA) said Thursday. “That translates to a downward pressure point on natural gas prices this winter,” said Patrick Kuntz, chairman of NGSA, at a [...]
Oil from petroleum reserve released for Georgia
By JAMIE GUMBRECHT
The Atlanta Journal-Constitution
Wednesday, October 01, 2008
Another 900,000 barrels of crude oil from the U.S. Strategic Petroleum Reserve are headed toward Gulf Coast refineries that help supply Atlanta’s gasoline.
But don’t expect it to help cut lines at filling stations this week.
The U.S. Department of Energy announced Wednesday it [...]
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) — Natural-gas inventories rose by 67 billion cubic feet for the week ended Sept. 12, the U.S. Energy Department said Thursday. Analysts at Global Insight expected a climb of 50 billion. Total stocks now stand at 2.972 trillion cubic feet, down 142 billion cubic feet from the year-ago level [...]
Natural gas utilities passing along jump in wholesale prices; you’ll pay $100 to $170 more
By Jeff Swiatek
It’ll cost $100 to $170 more to heat a home with natural gas in the Indianapolis area this winter.
The higher heating bills are due to sharply higher wholesale prices for natural gas, which have risen since last year in [...]
