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]
The Husky Energy board of directors has approved a quarterly dividend of $0.125 per common share for the three-month period ended June 30, 2018. Husky photo. Husky Energy low net debt, available cash flow reasons for [Read more]
Oil prices rose on Wednesday on data from the US government showing a decline in domestic crude inventories to levels not seen since February 2015. Getty Images photo by Daniel Acker. US oil prices up [Read more]
Oil prices rose on Tuesday on a possible rise in Chinese infrastructure which would boost crude demand in China, shifting attention from the ongoing US – China trade war. Equinor photo. US oil prices up [Read more]
Oil prices slipped on Monday after initial increases on US – Iran tensions. Oversupply concerns wiped out the early gains as Saudi Arabia and other large producers ramp up their production. Saudi Arabia Oil Company [Read more]
Shares in Halliburton dropped over 8 per cent on Monday after the oil and gas drilling company said it anticipates moderate growth in the Permian Basin and lower earnings in the upcoming quarter. Halliburton shares [Read more]
Two oilfield service giants, Schlumberger and Baker Hughes did not meet second quarter revenue forecasts as slow international growth overshadowed record US crude production. Company photo. Baker Hughes total Q2 revenue $5.55 billion Schlumberger and [Read more]
Oil prices steadied in trading on Friday as the US dollar slipped and Saudi Arabia reported it will be exporting less crude in August, outweighing concerns about trade tensions between the Trump administration and China. [Read more]
Oil prices rose on Wednesday even after the US Energy Information Administration reported a rise in US crude stocks by 5.8 million barrels last week and rising US production that hit a record-breaking 11 million [Read more]
After a rocky week of trading, oil prices steadied on Tuesday as the market turned its focus to dropping US crude stockpiles and the ongoing decline of Venezuela’s oil industry. Anadarko photo. Oil prices lost [Read more]
Brent oil prices fell by over four per cent on Monday after Libya announced it had reopened its oil ports and Russia said it could increase its production if crude supplies fall short of demand. [Read more]
Oil prices recouped some of their losses on Thursday, after a report by the International Energy Agency warned that crude capacity cushions could be “stretched to the limit”. Shell photo. Oil prices hammered on Wednesday [Read more]
Oil prices tumbled on Wednesday after Libya announced it had reopened its four oil ports and trade tensions between the United States and China escalated. AFP/Getty Images file photo by Mahmud Turkia. Brent oil prices [Read more]
Oil prices were mixed in trading on Tuesday, and gains in US crude prices were pared after US Secretary of State Mike Pompeo said that the US may consider requests from some countries to be [Read more]
Oil prices rose in trading on Monday after Syncrude reported its oil sands plant will not be fully operational until September, data showed Libyan production is dropping and the market weighed upcoming US sanctions against [Read more]
Oil prices were mixed on Friday as Brent crude dipped on rising global tensions and increased Saudi production and US crude rose on short-covering. BP photo. Oil prices on track for weekly loss Oil prices [Read more]
Oil prices fell in trading on Thursday after data from the US Energy Information Administration showed US crude stocks had risen by 1.3 million barrels last week. Analysts had predicted a 3.5 million barrel drop. [Read more]
Oil prices rose slightly in trading on Tuesday in volatile trading as analysts’ concerns about crude supply edged out profit taking one day before the July 4 holiday in the United States. Repsol photo. Oil [Read more]
Oil prices rose on Friday on concerns that sanctions imposed against Iran by the Trump administration will impact the global supply of crude at a time when demand is rising. Repsol photo. Brent oil prices [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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