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]
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]
World trade volumes rose in May, but the rate of growth is decelerating, consistent with other signs that the global economic expansion is moving into a slower phase. World trade growth decelerating By John Kemp [Read more]
In 2015, China’s industrial sector consumed 71 quadrillion Btu, projected to be 85 quadrillion Btu by 2040 in Slow Transition case, 80 quadrillion Btu in Fast Transition case As the world’s top producer of energy-intensive goods, China’s [Read more]
Source: Wood Mackenzie Peak oil demand isn’t controversial anymore, just one of the planning variables oil companies are plugging into their models “A lot of our [oil company] clients are paying very close attention to [Read more]
The Trump administration said on Tuesday that it will no longer require oil drillers, miners or other industries to pay for damage they inflict on public lands while working under permitted projects. iStockphoto photo. Oil [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]
Shuja Goraya has been appointed Chief Technology Officer at Precision Drilling and Darren Ruhr will be the company’s first Chief Administrative Officer. Company photo. On Wednesday, Calgary-based Precision Drilling announced it had chosen a new [Read more]
Houston-based Occidental Petroleum is looking at selling its pipeline assets in an effort to free up $5 billion in capital which the company would invest in exploration and production. Dallas Morning News photo. Occidental Petroleum [Read more]
There is now almost no cyclical slack in the oil market, with stocks and spare capacity low. If consumption growth remains brisk it will eventually drive spot prices and spreads higher again to enforce rebalancing. [Read more]
Part of the drop-off in renewable energy investment was due to falling costs that made renewable sources like solar PV more affordable than ever, the investment decline still represents a warning to clean energy proponents. [Read more]
Finance Minister Bill Morneau, left, and Prime Minister Justin Trudeau In today’s Energy Bits, analyst Eoin Coyne suggests Shell Canada’s sale of almost all its Alberta oil sands assets was motivated by internal corporate issues [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]
A study by the Brookings Institute found that the number of people likely to ride in a self driving car is down this year from other surveys over the past year. iStockphoto image. Self driving [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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