Analysts say BP likely to approve fields in Mauritania, Angola and India. The company says it will only approve projects that make money even if oil prices drop. BP increasing production by drilling new wells [Read more]
Oil prices fell in trading on Tuesday on a rising US dollar and increasing US crude production. US oil prices down 1.5 per cent Oil prices fell for a second day on Tuesday on concerns [Read more]
Exxon says it will increase its investment in West Texas and New Mexico shale operations. Zuma Press photo by Joel Angel Juarez. Exxon CEO credits changes in taxes, regulations for rising investments Reuters reports Exxon [Read more]
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]
“Think tanks” will be tasked with solving an inter-disciplinary problem relevant in energy industry today Professor David Eaton has earned an international reputation for his scientific leadership in understanding emerging industry practices, like hydraulic fracturing, according to [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]
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]
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]
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]
Oil prices rose in trading on Tuesday on rising demand and strengthening economy. Anadarko photo. Oil prices rise over 1 per cent Tuesday Oil prices rose over one per cent and Brent crude topped $70/barrel [Read more]
Oil prices rose slightly in seesaw trading on Monday. Anadarko photo. Oil prices impacted by restart of production from As-Sarah fields in Libya Oil prices seesawed in trading on Monday as the US dollar pared [Read more]
The hedge funds’ net long position in WTI increased from 455 million barrels to 542 million barrels between Jan. 2 and Jan 16 compared with only a minor increase in Brent. Hedge funds have increased [Read more]
Saudi Arabia’s Energy Minister Khalid al-Falih said he thinks participants in the OPEC supply pact should continue to work together on rebalancing the oil markets beyond the end of 2018. Reuters photo by Heinz-Peter Bader. [Read more]
Possible US crude production could soon overtake Saudi Arabia and rival Russia’s International Energy Agency commentary The price of Brent crude oil closed earlier this week above $70/bbl for the first time since Dec. 2 [Read more]
OPEC producers continue to match and better pledges made to cut their crude output. CNBC photo. OPEC producers cut output by 1.8 million b/d to rebalance market OPEC producers are concerned rising US shale production [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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