Anchorage – Earlier today, Alaska Governor Bill Walker used his line-item veto power to cut $1.29 billion from the FY 2017 budgets. The veto includes $430 million in tax credit and other payments to the oil and gas industry down to the statutory minimum requirement of $30 million. The veto of the oil tax credit […]
Alberta (Reuters) – A massive wildfire around the oil sands hub of Fort McMurray, Alberta, moved toward energy production facilities on Tuesday, extending a shutdown that has led to lost Canadian output of one million barrels a day. The fire jumped a critical firebreak area where plants and trees had been removed to stop its […]
Iran rejected appeals Wednesday from other oil-producing states to curb its oil exports to try to end the plunge in world crude oil prices, instead saying it intends to increase production. Iran’s envoy to the Organization of the Petroleum Exporting Countries, Mahdi Asali, said Tehran intends to step up exports until they reach the level […]
Researchers at the US Department of Energy’s (DOE) Argonne National Laboratory have created a small scale “hydrogen generator” that uses light and a two-dimensional graphene platform to boost production of the hard-to-make element. The research also unveiled a previously unknown property of graphene. The two-dimensional chain of carbon atoms not only gives and receives electrons, […]