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Trudeau says Canada's oil sands must be phased out![]() ![]() Ottawa (AFP) Jan 14, 2017 Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. "We can't shut down the oil sands tomorrow. We need to phase them out," he said. "We need to manage the transition off our dependence on fossil fuels." He was responding to a question at a town hall event about his decision in late November to authorize an increase in the capacity of two oil pipelines in the country's west. Upgrading them will increase C ... read more |
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![]() Parts of the shale basin in oil-rich Texas will be left behind in order to focus more on deepwater and other assets, Anadarko Petroleum announced. ... more ![]() ![]() Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said. ... more ![]() ![]() Doubts about whether all parties to an OPEC-led agreement to cut production will do enough to balance markets pushed oil prices lower early Friday. ... more ![]() ![]() Colorado will continue its legacy as a model for how to strike the right balance between fossil fuels production and a clean economy, its governor said. ... more |
Previous Issues | Jan 14 | Jan 13 | Jan 12 | Jan 11 | Jan 10 |
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![]() More than 7 million barrels of crude oil have been produced safely from the Kashagan oil field in Kazakhstan since September, the operator said. ... more ![]() ![]() A Chinese oil company said Friday it started production at an oil field off the northern coast of China that has 57 planned production wells. ... more ![]() ![]() The Serbian government may have breached European laws as they relate to gas market competition with its deals with Russia, a directorate said. ... more ![]() ![]() Crude oil prices were in clear positive territory before the U.S. open Thursday after OPEC signaled stronger compliance with managed declines. ... more ![]() ![]() A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. ... more |
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![]() ![]() Offshore Norway remains resilient ![]() ![]() Provincial leaders in Canada praised measures that made it so that Kinder Morgan could move forward with long-awaited expansions to a heavy oil pipeline. ... more ![]() ![]() The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. ... more |
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