In Venezuela, oil production has fallen by over half in past 20 years Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil [Read more]
Heavy oil traditionally trades at a discount…as demand rises, discount should start disappearing Commentary from Oilprice.com Across the world’s big energy markets, the energy war rages on. OPEC and U.S. producers have been competing for [Read more]
“We’re committed to addressing the risks of climate change while delivering the energy that benefits societies and economies.” Chevron Corporation published its second report describing the company’s approach to managing climate change risks and its [Read more]
Public consultations on 4 proposed heavy oil spill response regulations opportunity to bolster political support for BC Govt A recent Angus Reid poll suggests Canadian public opinion is split down the middle over construction of the Kinder [Read more]
Trudeau may fulfill his promise to get Trans Mountain Expansion built, but it will likely cost him dearly in BC “Fill yer boots as long as you don’t tread on federal jurisdiction,” was basically Alberta [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]
Food services sector can now get rebates for energy-efficient ovens, fryers, griddles, dishwashers and more Alberta’s food services and hospitality industries have new ways to reduce emissions and energy bills following the expansion of an existing program [Read more]
Newalta shareholders will receive 0.1467 of one NewTervita common share Newalta Corporation, a private Alberta-based, energy-focused waste and environmental services company, announced it has entered into an agreement to merge with Tervita, creating a new company [Read more]
The injuction will be upheld until a new arbitration board hears the grievance The Alberta Court of Appeal has upheld an injunction on random drug testing of Suncor employees in the Regional Municipality of Wood [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]
Alberta’s unemployment rate will drop close to 6% by the end of 2018 British Columbia and Alberta will still be performing well this year and will be joined by Prince Edward Island, and Newfoundland and Labrador [Read more]
Nearly 90,000 full-time jobs created in Alberta over last year Alberta’s economy is leading the country with growth in nearly all sectors. In the third-quarter fiscal update, GDP growth is revised up to 4.5 per [Read more]
Money managers, a category which includes many hedge funds and other investors, have accumulated record positions in crude, gasoline and distillates since the middle of last year, according to regulatory data. Anadarko photo. New generation [Read more]
EIA projects natural gas produced in Appalachian and Permian basins will account for most production growth EIA expects a 40% increase in natural gas consumed in the U.S. industrial sector, from 9.8 quadrillion British thermal [Read more]
“The dramatic price drops for wind technology has put a big squeeze on the profits up and down the whole supply chain” According to Global Wind Energy Council annual statistics, the 2017 global market for [Read more]
CAPP should focus on helping solve Canadian oil/gas industry’s biggest problem: lack of pipeline capacity On Monday, Canadian Big Oil released the first of seven “economic reports” outlining industry’s public policy issues and its “four-part [Read more]
Heavy conventional is majority of Saskatchewan production and grows substantially over projection period Oil prices have been significantly lower in the last couple of years compared to the early 2010s. This has led to a [Read more]
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