Recent Posts

As sun sets on oil sands, Grafton eyes renewables

  Bloomberg Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil sands, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,” Geeta Sankappanavar, president and chief operating officer of the Calgary-based ...

Read More »

Asia prime destination for US shale cargoes

  Bloomberg Asia’s finally becoming a prime destination for US shale gas cargoes. At least 10 of the 12 tankers bearing liquefied natural gas that left Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana in December are headed for Asian countries, shipping data compiled by Bloomberg show. The December tally surpasses November’s record of 10 departures. Sabine Pass is the ...

Read More »

Iraq’s southern oil exports hit record before OPEC cuts

  Bloomberg Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.Shipments from southern ports in Basra Province averaged 3.51 million barrels a day in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed ...

Read More »
Send this to a friend