Global demand for ethylene and propylene are 160 million metric tons and 111 million metric tons per year The convergence of two significant and revolutionary technological developments in the petrochemical industry — crude oil-to-chemicals (COTC) [Read more]
Oil prices fell on Wednesday after the US Energy Information Administration reported a surprise increase in US crude stocks which fed concerns about a global oversupply of oil at a time when trade tensions are [Read more]
In its second quarter financial report, Encana says it delivered strong financial performance due to increased activity, streamlined efficiencies and rising oil prices. Company photo. Encana on track to grow annual production by over 30 [Read more]
Canadian Drilling Activity Forecast was released by the Petroleum Services Association of Canada on Wednesday. Apache photo. Canadian Drilling Activity Forecast shows decline in Alberta, BC, Saskatchewan, increase in Manitoba In its third update to [Read more]
Iran’s OPEC governor, Hossein Kazempour, says US President Donald Trump is wrong to think that Saudi Arabia and other producers, including Russia, will be able to compensate for millions of barrels of crude taken out [Read more]
If the global economic expansion continues at its current rapid pace, distillate availability will become stretched, and oil prices will rise strongly. Mondicon photo. Distillates crucial to three developments in the next two years that [Read more]
Technology tranforming oilfield: fracking, horizontal drilling, multiple wells from single pad on production side, digital tech on business side Texas oil production is booming like never before, especially in the prolific Permian Basin, but just like [Read more]
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]
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