imports

U.S. imports of Canadian heavy crude oil are expected to increase over the next two years, but the pace of oilsands growth in Canada is also expected to slow because the declining number of projects under active development, according to IHS Markit.

The Energy Information Administration (EIA) in its Annual Energy Outlook (AEO) reports has tended to underestimate natural gas production and growth, and consequently overestimates net gas imports as well, the agency said in a report issued March 15.

The Energy Information Administration (EIA) in its Annual Energy Outlook (AEO) reports has tended to underestimate natural gas production and growth, and consequently overestimate net gas imports as well, the agency said in a report issued Friday.

A glut of light oil supplies from tight oil fields into the Midwest has depressed regional prices, making it imperative for Canada’s oilsands producers to find alternative markets for their product, consultancy IHS CERA said in a Jan. 14 report.

Increasing crude oil supplies from shale plays coupled with Canadian oilsands imports will challenge the U.S. refining system in ways the industry had not anticipated, according to a new study from Turner, Mason & Co. (TMC).

Presumptive Republican presidential candidate Mitt Romney on Thursday unveiled an energy plan that he said would open more federal lands to oil and gas drilling and would make North America energy independent by 2020 — the final year of his second term in office — if he is elected this November.

Japanese chemical manufacturer Kuraray Co. Ltd. announced Tuesday that it plans to take advantage of an abundance of shale gas in the United States and will build a $10.1 million facility in Texas to produce plastic.

A bill that would ban hydraulic fracturing (fracking) wastewater imports, storage, treatment, discharge or disposal generated in other states has been introduced in the Maryland General Assembly.

Because of the abundance of natural gas and oil now being unearthed in North America, energy imports into the United States and Canada will steadily decline and be “down to almost zero” by 2040, an ExxonMobil Corp. executive said Thursday.