BP’s Dudley Says Race Is On To Lower Emissions

The energy industry is racing to reduce emissions from fossil fuels and that trumps the evolution of renewable energy. That’s what BP’s chief executive Robert Dudley said at the International Petroleum Week in London. The boss of one of the biggest oil…

Canada’s Oil Crisis Continues To Worsen

Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets. This pipeline capacity problem has been forcing producers to pay higher rates for railway…

Saudis Advance Nuclear Power Plans

Saudi Arabia is in talks with 10 countries that could help it advance its ambitious nuclear power plans should the United States refuse to do that, the Kingdom’s Foreign Minister Adel al-Jubeir said at the Munich Security Conference. Cooperation with t…

Mexico Joins The IEA

Mexico has become the 30th member of the International Energy Agency, the latter announced, welcoming its first Latin American member as part of an open-doors policy aimed at strengthening the ties between the IEA and emerging economies. The policy its…

Enbridge Eyes $6.4 Billion In Asset Sale Income

Enbridge plans to divest assets worth US$6.4 billion (C$8 billion) this year, which is more than double the company’s initial divestment plan for the period, sources told the Globe and Mail, asking to remain anonymous because the plans are still privat…