By Robert Tuttle Bloomberg Fri., Nov. 30, 2018 Just when relief was in sight for Canada’s beleaguered heavy oil producers, a new threat is emerging. A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulphur content of maritime fuel will make sulfur-heavy oil sands crude less desirable. That may dampen the impact of an Enbridge Inc. pipeline expansion and additional rail capacity that oil producers are counting on to ease a transportation glut from Alberta. Heavy oil prices sank to less than $15 (U.S.) a barrel, as rising production swamped existing pipelines and rail routes, forcing some producers to shut in output. Some companies have called for Alberta’s provincial government to mandate supply cuts across the industry. Alberta Premier Rachel Notley said she is studying the concept and announced that the province will buy rail cars to help ship more crude. “We’ve got challenges with respect to pipelines, we’ve … [Read more...] about Next year’s challenge for Canada’s oilpatch comes from the sea
4 seas international shipping inc
World A Turkish vessel carrying wheat to Yemen this month was hit by a rocket or missile and more attacks on merchant ships are likely due to a spillover of the conflict, a senior European naval official said on Wednesday. 24 May 2018 01:35AM Bookmark LONDON: A Turkish vessel carrying wheat to Yemen this month was hit by a rocket or missile and more attacks on merchant ships are likely due to a spillover of the conflict, a senior European naval official said on Wednesday.The Turkish flagged Ince Inebolu bulk carrier was damaged by an explosion on May 10, some 70 miles off the Red Sea port of Salif where it was due to deliver a 50,000 tonne cargo of Russian wheat."The assessment at the moment is it was almost certainly non-state Yemen based actors firing a land-based missile or rocket at the vessel," Major Tom Mobbs, head of intelligence and security with the European Union’s counter piracy mission EU Navfor, told Reuters."It has sharpened the focus in our mind with … [Read more...] about Ship carrying wheat to Yemen hit by missile
By David Olive Business Columnist Thu., April 19, 2018 There’s a strong possibility that the proposed expansion of the Kinder Morgan crude oil pipeline from Alberta’s Athabasca tar sands to the B.C. coast will never be built. And that setback will do no small damage to Canada. It’s been two weeks since the sponsor of the Ottawa-approved $7.4-billion megaproject, Kinder Morgan Inc., suspended all but essential operations on the pipeline. Kinder Morgan gave Ottawa until May 31 to persuade the Houston-based company that there will be an end to B.C.’s relentless obstruction of the project. The company noted that B.C. “has been clear and public in its intention to use ‘every tool in its toolbox’ to stop the project.” Since Kinder Morgan’s stunning announcement, the Trudeau government and Alberta Premier Rachel Notley have not been able to dissuade B.C. from its threatened court challenges and relentless calls for … [Read more...] about How B.C. blocking the Kinder Morgan pipeline does damage to us all
caption Peter Diamandis is best known for his work in space. source Nadine Rupp/Getty Peter Diamandis is a serial entrepreneur known for his work in space. He is the executive chairman and founder of the X Prize Foundation, the executive founder of Singularity University and International Space University, and the co-executive chairman of Planetary Resources, among other organizations. When we asked Peter Diamandis how he sees his extraordinary career, he told us, “I think of myself as a 9-year-old kid having a blast.” Diamandis has made a career of making that 9-year-old happy. He told Business Insider’s podcast, “Success! How I Did it,” about how he became the man behind companies making science fiction come true: the X Prize Foundation, Singularity University, Human Longevity Inc. As a child Diamandis wanted to explore space, but his parents wanted him to be a doctor. His solution to that … [Read more...] about One of tech’s most prolific entrepreneurs reveals how he and Elon Musk are trying to eliminate illiteracy, and why he thinks human placentas may hold a key toward ‘an indefinite human life span’
caption BIRTA is the newest system designed to keep up with Insider Inc.’s ever-increasing demands. source NAN728/Shutterstock A decade ago, our company built a small boat to power a blog covering the New York tech industry. To support our growth, our team of engineers worked diligently, adding onto the boat, ultimately transforming it into a ship. But, as people in our industry know, a hacked-together system works about as well as a cobbled-together ship. Picture it for a moment: a ship that has been traveling consistently at 500 knots per hour, springing leaks, with a crew frantically working in the engine room to stay a float. That’s what Business Insider’s web architecture felt like – until now. As the company, now known as Insider Inc., enters its second decade, we can now cruise the high seas on an overhauled platform far better equipped to keep up with the company’s ever-increasing demands, whether it’s shipping content to … [Read more...] about Introducing BIRTA, a new boat built to power the next decade of Insider Inc.