The Trump administration plans to broadly expand US offshore drilling, but is facing opposition from many coastal states and indifference from oil majors. US Coast Guard photo. Current US offshore drilling rules in place from [Read more]
Hedge funds, other money managers cut their combined net long position in six most important futures and options contracts linked to petroleum prices by 50 million barrels last week. Shell photo. Hedge funds liquidation mostly [Read more]
Oil prices fell over one per cent on Monday on waning enthusiasm for crude due to increasing US crude supply. Anadarko photo. Oil prices pressured by higher US supply Oil prices fell on Monday, dropping [Read more]
Energy IPOs could reach their highest in four years and with pressing financial needs, oilfield services companies will likely lead the recovery. Dome Energy photo. Canadian energy IPOs could include Canbriam Energy, Velvet Energy According [Read more]
Oil prices jumped over 2 per cent on Friday after strong US jobs data boosted Wall Street and investors found hope in the proposed meeting between President Trump and Kim Jong Un of North Korea. [Read more]
The longer the Saudi Aramco IPO decision is delayed, the more likely it is that the sale will not occur, or will be scaled back to a listing on the domestic stock market. AFP/Getty Images [Read more]
Oil prices fell on Thursday. Benchmark Brent dropped below $64/barrel and US WTI settled the day at just over $60/barrel. Anadarko photo. Oil prices down over 1 per cent On Thursday, oil prices fell and [Read more]
A number of Canadian First Nations are using their clout with regulators to make inroads in oil and gas projects in an effort to enrich their bands and help their people get good jobs and [Read more]
The recent ‘Bomb Cyclone’ affected more of the United States, boosting US natural gas demand and prices. NASA image. Cold weather led to record demand and storage withdrawals which increased US natural gas prices to [Read more]
The recent oil rally has been replaced by caution that has started to flow through into prices and fund manager positions. Anadarko photo. Oil rally on pause, most portfolio managers still believe prices will rise [Read more]
Tim McKay, President of CNRL says his company may also reduce its heavy oil drilling program in the second half of this year, and instead, drill more light oil. CNRL photo. CNRL is delaying completion [Read more]
Ben van Beurden, Chief Executive of Royal Dutch Shell says his company is considering limiting emissions from its operations as well as emissions from fossil fuel use by its customers. Bloomberg photo. Royal Dutch Shell [Read more]
Oil prices fell on Wednesday, matching a trend on Wall Street after President Donald Trump said he planned to implement tariffs on steel and aluminum which many analysts believe could lead to a trade war. [Read more]
Oil prices gained slightly on Tuesday, mostly supported by a weaker US dollar but analysts are concerned that data released on Tuesday afternoon and Wednesday morning will show a rise in US crude inventories. Anadarko [Read more]
Saudi Aramco’s CEO Amin Nasser told an audience at CERAWeek in Houston on Tuesday that to keep pace with expected growth in demand and make up for declining fields, the gas and oil industry needs [Read more]
Oil prices rose on Friday, but are on track for a weekly loss due to concerns about US trade tariffs, rising US production and crude and gasoline stockpiles. Anadarko photo. Oil prices slid in early [Read more]
Canadian mining company, MGX Minerals, has staked a claim to mineral rights on large parcels of federal land in Utah, hoping to tap lithium deposits from oil field drilling wastewater. Lithium extracted from drilling wastewater [Read more]
Citing an early exit from some projects with Rosneft due to 2014 sanctions imposed on Russia by the US and European Union, Exxon recorded a $200 million after-tax loss in the final quarter of 2017. Sputnik [Read more]
Oil prices fell to two-week lows on Thursday on a rising US dollar and after data released by US Energy Information Administration showed US crude stockpiles grew last week. Anadarko photo. Oil prices down over [Read more]
According to a report by Reuters, new sanctions against Venezuela may affect a military-run oil services company, and restrict insurance coverage for Venezuelan crude shipments. Xinhua / SIPA USA / TNS photo. Sen. Marco Rubio pushing [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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