Oil prices were down on Tuesday and are on track for their biggest monthly drop in two years on rising OPEC production and comments from US President Donald Trump that raised hopes that Iranian oil [Read more]
Over the past year, the government has taken action by committing to refresh BC’s climate strategy to get us back on track to reducing carbon pollution (by 40 per cent from 2007 levels by 2030) [Read more]
Baytex and Raging River Exploration entered into an agreement to merge the two companies in mid June. The deal is expected to close on August 22. Company photo. Baytex production up by 2 per cent [Read more]
Toyota says it is increasing investment in its development of hydrogen fuel cell vehicles in an effort to popularize FCVs by making them cheaper for consumers. Toyota photo. Toyota designing lower-cost, mass-market hydrogen fuel cell [Read more]
Current extraction process at CNRL Horizon oil sands mine. Photo: CNRL CNRL plans to share IPEP technology with other oil sands miners through COSIA Alberta is a hotbed of oil and gas innovation, a story [Read more]
US oil prices rose by almost two per cent on Monday as the market shifted its focus to supply disruptions and Trump administration sanctions on Iranian crude exports. Apache photo. Oil prices up even though [Read more]
Queen Elizabeth and US President Donald Trump inspected at Windsor Castle during Trump’s contentious visit to England. Official White House photo by Andrea Hanks. Donald Trump often leaves opponents, friends and allies stunned By Trevor [Read more]
Hedge funds appear to have completed the recent wave of liquidation, with bullish positions increased slightly last week after heavy falls the week before, helping to steady oil prices. Equinor photo by Øyvind Hagen. Supply [Read more]
In a letter to the Globe and Mail, Pembina Institute managing director Karen Tam Wu says the BC natural gas sector has a methane leak problem and the gas sector needs to do more to [Read more]
Controversial MLA Derek Fildebrandt, leader of Freedom Conservative Party Fildebrandt accuses NDP of siding with big oil sands companies and UCP of abandoning conservative ideals over govt ownership of Kinder Morgan pipelines Alberta has a [Read more]
American investors are picking up discounted shale oil and gas assets on the cheap, preferring them to long-cycle oil sands investment, say US economists Oil and gas investment is falling in Alberta and rising rapidly [Read more]
After a power outage at the Syncrude oil sands site in June, Imperial Oil says it is looking to cut its dependence on the Suncor majority-owned plant. Company photo via Twitter. Imperial holds 20 per [Read more]
“Suncor generated the strongest second quarter cash flow on record, with funds from operations of $2.9 billion and operating earnings of $1.2 billion,” said Steve Williams, president and chief executive officer. Getty Images photo. Suncor total upstream production [Read more]
Over the last few months, the US shale industry has seen a notable improvement in financial conditions, though the picture varies markedly by company. Anadarko photo. US shale industry, as a whole, may turn a [Read more]
Precision Drilling says it has reached its highest US market share to date and is reporting 14 per cent higher activity in the second quarter of this year compared to the same period in 2017. [Read more]
Carbon pricing will give oil sands producers competitive advantage in new markets, funds diversification into petrochemicals, basis of “carbon for pipelines” deal with Trudeau Yet another poll shows that Canadians hate carbon pricing – cap-and-trade, [Read more]
PSAC welcomed 130 golfers to its “PSAC Working Energy Golf Classic” at the Inglewood Golf & Curling Club on Wednesday. The event raised over $42,000 for energy education and awareness. iStock photo. PSAC Education Fund [Read more]
Cenovus reported its oil sands operations produced about 390,000 barrels per day b/d, or 49 per cent higher than the same period of 2017, at record low oil sands operating costs. Company photo. Cenovus oil sands [Read more]
Crescent Point Energy completed first half 2018 East Shale Duvernay drilling program with encouraging initial well results, Canadian operations back in full swing after spring break-up New management team focused on improving balance sheet, disciplined capital [Read more]
Ed Hirs argues that should Iran implement a partial blockade of the Strait of Hormuz, cutting crude supplies to the market by 10 per cent, oil prices would rise by 250 per cent. Reuters/Fars News [Read more]
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