Mexico shale oil proven reserves amount to 13 billion barrels. Pemex has drilled in Mexico shale reserves, but produced little Reuters reports that Mexico is hoping to hold its first shale oil and gas auction [Read more]
Oil prices steadied during trading on Wednesday, despite data from the US Energy Information Administration showing a 6.8 million barrel rise in US crude stocks. Nexen photo. Oil prices recover during session despite 6.8 million [Read more]
Analysts say BP likely to approve fields in Mauritania, Angola and India. The company says it will only approve projects that make money even if oil prices drop. BP increasing production by drilling new wells [Read more]
Oil sands production costs have fallen significantly since 2014 price crash, ensuring companies are competitive in global markets Oil sands production growth will continue through the next decade but a slowdown is anticipated with investment [Read more]
Suncor is implementing the use of autonomous haulage systems (AHS) at company-operated mines, starting with the North Steepbank mine. Over the next six years, the company expects to deploy more than 150 autonomous haul trucks [Read more]
Is it time for Canada to take over complete oversight of Trans Mountain Expansion, including having the RCMP enforce federal decisions? If Prime Minister Justin Trudeau had any illusions that BC Premier John Horgan might [Read more]
“Action announced by B.C. government can only be seen for what it is: political game-playing” The British Columbia provincial government is proposing a second phase of regulations to “improve preparedness, response and recovery from potential [Read more]
Nikola Motor Company building 500-acre facility near Phoenix. Nikola Motor Company photo. Nikola Motor joins race to build semi trucks that run on alternate-fuels On Tuesday, Nikola Motor Company unveiled its plans for a $1 [Read more]
Oil prices fell in trading on Tuesday on a rising US dollar and increasing US crude production. US oil prices down 1.5 per cent Oil prices fell for a second day on Tuesday on concerns [Read more]
Exxon says it will increase its investment in West Texas and New Mexico shale operations. Zuma Press photo by Joel Angel Juarez. Exxon CEO credits changes in taxes, regulations for rising investments Reuters reports Exxon [Read more]
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