A West Texas Intermediate (WTI) oil price in the mid-US$45 to $50 per bbl range is likely to endure in the short to medium term as a rebalancing of global supply takes longer than anticipated despite OPEC production curtailments, say industry insiders and analysts.
Husky Energy Inc. posted a $93 million net loss in the second quarter of 2017, down from a loss of $196 million a year earlier, as the company booked $123 million in asset impairments, net of tax, partially offset by a $23 million gain on asset sales, net of tax.
Alberta land sale prices have averaged $319.81 so far in 2017, which is tracking well above the average of $149.07 for all of 2016. Industry has picked up 679,426 hectares so far this year—for all of 2016, 996,577 hectares changed hands.
In ruling a proposed pipeline did not fall under federal jurisdiction, the National Energy Board (NEB) erred and must reconsider the matter according to rules laid down by the Supreme Court of Canada, Canada’s Federal Court of Appeal ruled in a decision Wednesday.
The Industrial Internet of Things (IIoT) is transforming the oilfield. IIoT is the linking of big data and wireless networks with physical and industrial equipment. In an IIoT-enabled environment, sensors and motes work together to link entire oilfields:
Join us on Wednesday, July 26 (10 a.m. - 11a.m. MDT) to learn more about the ERA Oil Sands Innovation Challenge during an informative webinar hosted by CEO, Steve MacDonald and Executive Director, Technology and Innovation, Dr. Mark Summers.
Lake Chapala, Mex. — An executive with BP plc says the company will open 200 stations this year and is also looking at entering all sectors of the transportation fuels market, possibly including owning refineries.
Wilks Brothers, LLC acquired 2.73 million common shares of Calfrac Well Services Ltd. at a price of $3.04 per common share for a total of $8.3 million through the facilities of the Toronto Stock Exchange.
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