What will crude average in 2015? Nobody seems to know. I met the secretary-general of OPEC back in 1991 (Dr. Subroto of Indonesia, 1988 to 1994) who provided me with this trenchant quote: “The only thing certain about oil prices is uncertainty.”
February 11, 2015, 6 AM MST
By now thousands of oilfield service (OFS) owners and managers (yes there are that many!) across the WCSB have realized 2015 is going to be a long and difficult year. As oil companies cut spending they are also demanding price cuts for goods and services. In this market the only thing OFS operators cannot do is nothing.
January 14, 2015, 8:53 AM MST
January 7, 2015, 8:34 AM MST
December 31, 2014, 10:09 AM MST
December 16, 2014, 11:36 AM MST
November 28, 2014, 11:15 AM MST
November 28, 2014, 11:30 AM MST
The world’s oil and gas super majors — BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell and Total — have all seen their earnings in the upstream segment fall in Q3 2014 since Q2, according to a new Evaluate Energy analysis of the companies’ recently released quarterly results.
November 4, 2014, 8:49 AM MST
Canada’s oil and gas sector should take ownership of the mixed record some industry megaprojects have, as well as the often-low productivity of the workforce, a project management expert told a Calgary audience Thursday.
October 31, 2014, 10:12 AM MDT
October 31, 2014, 11:32 AM MDT
The total value of equity offerings for public oil and natural gas companies dropped considerably in 2012 and 2013, as shown on the graph that follows. That drop caused a decrease in mergers and acquisitions (“M&A”) activity involving public oil and natural gas companies as purchasers, opening the door for private equity from Canada and from outside of Canada to step in.
October 29, 2014, 8:24 AM MDT
September 30, 2014, 11:04 AM MDT
Guest editorial by Brad J. Hayes, P.Geol, President, Petrel Robertson Consulting Ltd.
September 8, 2014, 10:37 AM MDT
July 11, 2014, 8:12 AM MDT
July 10, 2014, 9:27 AM MDT
June 19, 2014, 11:47 AM MDT
April 21, 2014, 9:18 AM MDT
February 26, 2014, 6 AM MST
February 21, 2014, 10:12 AM MST
The past year was a relatively quiet year for merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry, with a total of $14 billion of deals. In comparison, there was a total of $55 billion in M&A activity in 2012. Throughout the past year a number of adversities have developed which are central to projecting the activity in the M&A marketplace for 2014. The outlook for 2014 is a low total value of transactions, but there is expected to be an increase in the number of property deals.
February 3, 2014, 9:20 AM MST
(Reuters) -- The rising number of serious accidents involving oil tank cars over the past 12 months suggests that shippers are underestimating the safety risk of transporting crude-by-rail.
January 6, 2014, 10:23 AM MST