In the current slump, drilling costs have recovered more slowly than normal as the market has absorbed a huge number of idled rigs. Apache photo. Drilling costs up over 10 per cent since November 2016 [Read more]
Oil prices slipped in trading on Monday as the US dollar recovered from last week’s losses. QEP Resources photo. Oil prices down 1.5 per cent Monday Oil prices fell over one per cent as a [Read more]
Capital spending in the Canadian shale play and other non-oil sands projects is expected to hit $33 billion this year, outpacing oil sands capital spending. Encana photo. Canadian shale could lure new investment A growing [Read more]
During the first year of the Trump presidency, we have seen a dizzying number of new state-based declarations of intent to maintain and expand on prior climate commitments. New York Times photo by Luke Sharrett. [Read more]
The alternative route imposed on TransCanada for the Keystone XL pipeline will likely add between $80 million and $160 million to the $8 billion project. Madville Times photo by Bret Clanton. Keystone XL decision pending [Read more]
Royal Dutch Shell is investing in cleaner energy projects, including a network of EV charging stations on European highways. Royal Dutch Shell spent over $400 million recently to expand beyond oil and gas, reduce its [Read more]
The current global trade expansion is expected to continue throughout 2018 and into 2019 which should support further rapid growth in freight volumes. CP Rail photo. Global trade growing at fastest rate since 2011 By [Read more]
Oil prices rose slightly in trading on Friday due to a weakening US dollar. Linn Energy photo. WTI oil prices hit highest level since Dec. 2014 on Thursday Oil prices rose on Friday after hitting [Read more]
Canadian oil prices are suffering because there are few transportation options available to move Canada’s crude oil. CP Rail photo. Fall in Canadian oil prices means a daily loss of tens millions of dollars in [Read more]
If OPEC output cuts stay in place, market will tighten significantly in second half of 2018. OPEC photo. OPEC output cut targets a reduction in global crude stocks By John Kemp LONDON, Jan 25 (Reuters) [Read more]
Of the Big Oil companies, Royal Dutch Shell appears the strongest performer among the group in terms of organic free cash flow. Shell photo. Big Oil expected to generate more cash in 2018 than any [Read more]
A number of oil majors say they will boos their capital spending in 2018 after oil topped $70/barrel in January. Anadarko photo. Capital spending fell to $200 billion in 2016 According to a report by [Read more]
Oil prices rose in early trading Thursday with Brent crude hitting $71.20/barrel. As trading continued, the benchmark eased back but stayed above $70/barrel. Brent oil prices ease back after hitting $71.20/barrel early in session Early [Read more]
Australia accounts for the highest amount of China’s coal imports at 79.91 million tonnes. EndCoal.org photo by Max Phillips. China’s coal imports from North Korea banned in February 2017 In 2017, China’s coal imports from [Read more]
Former President Barack Obama introduced fracking rules in an effort to ensure public safety on federally-owned lands. Getty Images photo by David McNew. Fracking rules address public safety on federal lands California’s Attorney General Xavier [Read more]
Rising political unrest in Venezuela is fuelling the recent oil price rally. AP photo by Fernando Llano. Oil price rally could mean $80/barrel crude The oil price rally that boosted prices over $70/barrel this month [Read more]
Saudi Aramco owns the Port Arthur Texas refinery. Beaumont Enterprise photo by Guiseppe Barranco. Saudi Aramco controls a refinery in Texas According to a report by Reuters, Saudi Aramco, the giant oil and natural gas company [Read more]
Oil prices were mixed in trading on Wednesday, despite a decline in US crude stocks and a drop in the value of the US dollar. ConocoPhillips photo. WTI oil prices rise to highest level since [Read more]
Rising near term prices for US natural gas will discourage gas consumption by electric generators in favour of coal and send a signal to gas producers to increase drilling and output. Wikimedia photo. Cold winter pushes [Read more]
US President Donald Trump imposes a solar panel tariff on imports. The decision could cost thousands of jobs in the United States and billions of dollars in lost investments. Shutterstock photo. 30 per cent solar [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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