Brent crude oil for July delivery temporarily reached above $80/bbl on the London market before dropping by the end of the May 17 trading session to close at $79.30/bbl. Light, sweet crude oil on the New York market settled unchanged from the previous day at $71.49/bbl.   Source: News

TransCanada Corp. will begin building its 415-mile, 48-in. OD Coastal GasLink pipeline in early 2019, pending a positive final investment decision on the linked LNG Canada liquefaction plant.  Source: News

The UK government is making administrative changes it says will support development of natural gas resources in shale. “Recent decisions on shale exploration planning applications remain disappointingly slow against a statutory time frame of 16 weeks where an environmental impact assessment is required,” Greg Clark, secretary of state for business, energy, and industrial strategy, told […]

Total SA Chief Executive Officer Patrick Pouyanne confirmed that the French multinational oil company is concerned about possible consequences on its operations if the US follows through with plans to reimpose sanctions on Iran where the company is involved in a major natural gas development project. Source: News

The governments of Canada and Alberta have taken steps to break the logjam in British Columbia over expansion of the Trans Mountain Pipeline System. Canadian Finance Minister Bill Morneau said in a news conference May 16 the government would indemnify project sponsor Kinder Morgan Canada Ltd. or a subsequent developer against financial loss resulting from […]