Hurricane John will become a major storm before hitting Mexico's Pacific Coast
According to the National Hurricane Center in the United States, Storm John grew to Category 1 on Monday. It is expected to grow into a major hurricane before it hits Mexico's Pacific Coast. The NHC reported that Hurricane John had winds of up to 137 kph (85 mph) and higher gusts. A rapid strengthening was forecast. If winds reach 96 mph, the storm will become a Category 2. The NHC forecast indicated that John will make landfall near the resort destination Puerto Escondido on Tuesday.
Vandals Cause Oil Spill in Peruvian Amazon
Peru state oil company Petroperu said approximately 8,000 barrels of crude oil had spilled in the Amazon after vandals severed the pipeline and then impeded technicians seeking to repair the damaged pipe.The pipe began to spill oil on Tuesday night after sabotage by members of the Mayuriaga indigenous community in the Loreto region of the Amazon, Petroperu said in a statement."The townspeople prevented us from securing the pipe to stop petroleum from spilling from the pipe," said Beatriz Alva Hart, a Petroperu spokeswoman in
Putin to Meet Shell CEO in Moscow: Kremlin Aide
Russian President Vladimir Putin will meet Royal Dutch Shell Chief Executive Ben van Beurden in Moscow this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.Ushakov said Putin and the Shell boss will discuss the Sakhalin-2 liquefied natural gas (LNG) project on Russia's Pacific coast, where Shell is a minority shareholder, and a plan to build an LNG plant on Russia's Baltic coast.
Sinopec Plans to Build Canadian Oil Refinery
China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude.State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products…
Mexican Wave Energy Project Moving Forward
Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power to coastal communities in countries such as Ghana or Kenya that have little…
Canada Ready to Cover Kinder Morgan Loss
Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday. The company has given Ottawa a deadline of May 31 to provide assurances it can proceed with a plan to more than double the capacity of its Trans Mountain line from Alberta to British Columbia. The government of the Pacific coast province opposes the project on environmental grounds.
Canada Govt Ready to Indemnify Kinder Morgan Pipeline Project
The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.Morneau also told a news conference that if Kinder Morgan decided to walk away from the project, which the provincial government of British Columbia opposes, the indemnification would stay in…
Russia to Decide on Oil Output Hike by Exxon-led Project
A decision on whether to allow the Russian ExxonMobil-led Sakhalin-1 project to raise oil output is expected by the end of April, a spokesman for Russia's Ministry of Natural Resources said on Friday. "The experts are working on the case ... A decision will be taken by the end of April," he told Reuters. ExxonNeftegaz, ExxonMobil's subsidiary in Russia, did not reply to a Reuters request for comment. The Sakhalin-1 oil project…
California to Ban Crude from Trump Offshore Drilling Plan
California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters. California's threat to deny pipeline permits for transporting oil from new leases off the Pacific Coast is the latest step by states trying to halt the biggest proposed expansion in decades of federal oil and gas leasing.
Canada Pipeline Feud Hits B.C. Wine Purchases
Canada's oil-rich province of Alberta struck back at neighboring British Columbia on Tuesday, halting purchases of that province's wines in retaliation for its potentially holding up expansion of a crude pipeline. British Columbia proposed rules last week to temporarily block increased oil shipments through the province, adding another hurdle to Kinder Morgan Canada's planned C$7.4 billion Trans Mountain pipeline expansion.
Pemex Declares Force Majeure over Maya Crude from Pacific
Mexico's state-run oil company Pemex has declared force majeure over at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal on the Pacific Coast, after a fire affected its largest refinery earlier this month, three sources told Reuters. One of the affected cargoes was supposed to be delivered at the U.S. West Coast and another one was going to Japan, the sources said. Pemex did not immediately answer a request for comment.
Hurricane Dora Forms Off Mexico's Pacific Coast
Hurricane Dora formed off the western coast of Mexico in the Pacific Ocean on Monday, but it was expected to slow and remain offshore, the U.S. National Hurricane Center (NHC) said. Dora, the first hurricane to form in the Pacific so far this year, was carrying maximum sustained winds of about 80 miles per hour (130 km per hour) as it whirled about 170 miles (275 km) south-southwest of the port of Manzanillo, the center said.
Fire at Salina Cruz Refinery Out - Pemex
A fire that shut down the operations of Mexico's Salina Cruz refinery has been put out, state-owned oil company Pemex said on Friday via Twitter. The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil. Pemex did not say in the tweet whether the operations of the refinery had restarted yet. Reporting by Miguel Angel Gutierrez
Canada Mulls Single Body to Assess Pipelines
Canada needs a single federal authority to assess the potential impact of major projects such oil pipelines and mines, a move that could help quell environmental protests, an official panel said on Wednesday. Responsibility for examining the potential impact of projects on federally-regulated land in Canada is shared between three separate entities, a much-criticised system that the Liberal government says the public does not trust.
Gazprom delays Baltic, Sakhalin LNG projects
Eurobond prospectus seen by Reuters; new Baltic LNG plant to be commissioned in 2022-2023. Russia's Gazprom has delayed liquefied natural gas (LNG) plans on Sakhalin island and in the Baltic Sea, a Eurobond presentation showed on Monday. The delays could disrupt Russia's plans to carve out a bigger share of the global LNG market, where it aims to triple its market share of less than 5 percent by 2035. Gazprom plans to expand the Sakhalin-2 project off Russia's Pacific coast by 2023-2024…
Energy East Pipeline woes Worry Canada's Atlantic Coast
For years, heavy equipment operator Ashley Underhill has tried to defy the notion that one could only make a good living in Canada's poorer east coast by spending most of the time away from the family in the nation's western oil patch. One reason Underhill had battled on, working on small private contracts, including snow clearing and wood cutting, was Energy East, a planned 4,600-km (2860-mile) pipeline between Alberta's oil sands and the east coast and the promise of an economic boost it could bring.
Kinder Morgan Pipeline Close to Meeting British Columbia Conditions
British Columbia Premier Christy Clark said on Wednesday three out of the province's five conditions laid down for heavy oil pipeline approvals have been met with regards to Kinder Morgan Inc's proposal to expand its Trans Mountain pipeline. The Canadian government on Tuesday said it had approved the proposal to more than double the capacity on the pipeline, which runs from Canada's oil sands in the province of Alberta through British Columbia to a marine terminal on the Pacific Coast.
Canada to Rule on Two Pipelines; Kinder Morgan Still Up In Air
Canada will this week decide the fate of two Enbridge Inc pipelines but is keeping quiet about its verdict on Kinder Morgan Inc's plans to more than double the capacity of its Trans Mountain line, a move environmentalists strongly oppose. The Liberal government is widely expected to veto Enbridge's Northern Gateway pipeline from Alberta's oil sands to the province of British Columbia on the Pacific Coast. Prime Minister Justin Trudeau has long opposed the project, citing the proposed routing through a rain forest.
Offshore O&G Leasing Plan for 2017-2022 Announced
After considering more than 3.3 million public comments and holding 36 public meetings, U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper today released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The plan takes a balanced approach to best meet the nation’s energy needs by including areas offshore…
Trump's Win Revives Keystone XL Discussion
Republican Donald Trump's victory in the U.S. presidential election cheered investors in Canadian energy producers eager to revive the stalled drive to approve the controversial Keystone XL pipeline, giving oil sands crude better access to U.S. markets. President Barack Obama denied a permit to TransCanada Corp's proposed cross-border Keystone XL pipeline last year. In May, Trump said that if elected, he would "100 percent" approve Keystone XL…
