Improving air pollution will be a key driver of gas demand, especially in emerging markets Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas [Read more]
Oil production to reach 5.4 milliion b/d in 2023, more than current production from any OPEC member other than Saudi Arabia Oil production in the Permian Basin, already a major force in global supply growth, [Read more]
With production from Fort Hills, Hebron ramping up earlier than expected, Suncor well-positioned for strong production remainder of 2018 Suncor says that with the completion of major planned turnaround activities and strong production from growth [Read more]
Prices rose across USA as temperatures generally increased and higher cooling demand increased natural gas use for electricity generation In April 2018, natural gas production from the Utica formation, located primarily in Ohio, averaged 5.8 [Read more]
Shaunavon wells drilled in 2015 and 2016 could produce less oil over lifetimes than wells drilled in prior years Steadily improving technology in the oil and gas sector means that newer tight oil wells should [Read more]
Study: Canada’s long-term energy security needs and climate commitments cannot be met without major changes A new study by veteran earth scientist David Hughes anchors the heated debate about pipeline and energy infrastructure within the [Read more]
Peak production from wells drilled from 2001 to 2009 averaged about 4 b/d Peak production rates of the Alberta and Saskatchewan Viking Formation oil wells are ten times higher than they were ten years ago, according to [Read more]
Chinese commercial well costs have fallen 25% since 2014, are more than 20% higher than comparable US wells Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells [Read more]
Exports of liquid natural gas from the United States increased 278.8% An assessment of monthly data shows that in 2017 OECD natural gas production grew by 2.4% compared to 2016. This growth was driven by increases [Read more]
OECD exports of crude oil, NGL, and feedstocks increased by 10.3% in 2017 with largest volumes destined for US (mainly from Canada, Far East) The International Energy Agency has released a report on key oil [Read more]
Suncor expects total upstream production for first quarter to be 685,000 boe/d Suncor Energy says the Syncrude maintenance turnaround originally scheduled to begin in April will be moved up by approximately one month due to [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]
With existing technology, amount of remaining marketable natural gas estimated at 1,225 trillion cubic feet Canadian marketable natural gas production has remained steady in the last few years despite declining natural gas prices since 2014, according to [Read more]
In 3 months prior to November, US crude oil output increased by surprising 846,000/d, and will soon overtake Saudi Arabia New and revised data shows a modest tightening of the balance in the early part [Read more]
Now, new oil sands projects can be built with WTI lower than US$ 60/bbl The National Energy Board’s (NEB) recently released report shows that growth in the oil sands will continue. Raw bitumen production in 2016 [Read more]
Oil sands production costs have fallen significantly since 2014 price crash, ensuring companies are competitive in global markets Oil sands production growth will continue through the next decade but a slowdown is anticipated with investment [Read more]
Investor push for greater capital discipline and stronger returns driving strategy shifts in exploration and production sector Nodding to increased investor pressure to deliver cash flow neutrality and stronger corporate returns, North American exploration and [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]
Suncor resolved a long standing dispute and gained additional working interest in an oilsands project from Total Suncor provided a business update for fourth quarter of 2017, highlighting upstream production of 736,000 barrels of boe/d, [Read more]
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