Different macroeconomic conditions and growth patterns might affect international energy markets in three key regions of the world: China, India, and Africa, says the United States Energy Information Administration (EIA).
July 24, 2018, 10:38 AM MDT
European-based majors BP plc, Eni S.p.A and Royal Dutch Shell plc have outperformed North American-based majors, such as Exxon Mobil Corporation, in securing new project approvals during the oil price downturn, says a new report.
July 24, 2018, 11:30 AM MDT
Suncor Energy Inc. has released its 2018 Report on Sustainability which details the company’s environmental, social and economic performance.
July 20, 2018, 10:18 AM MDT
Data in Evaluate Energy’s latest quarterly review of global M&A activity shows that while the second quarter saw $20 billion of new upstream oil and gas M&A deals, this represented a 46 per cent drop on total spending in Q1, and a 29 per cent drop compared to the same quarter last year.
July 19, 2018, 3:30 AM MDT
Canadian LNG can be globally competitive and is in a position to benefit from a growing demand for the commodity, according to a new study by the Canadian Energy Research Institute (CERI).
July 18, 2018, 6 AM MDT
Worldwide production by U.S.-based upstream public companies is set to increase by seven per cent in 2018, based on the latest guidance.
July 18, 2018, 6 AM MDT
Despite its ability to create efficiencies and improve the competitiveness of the oil and gas industry, technology adoption can be a slow, methodical and challenging process in the oilpatch.
July 18, 2018, 6 AM MDT
For the third consecutive year global energy investment declined in 2017 to US$1.8 trillion, or a decline of two per cent in real terms, the International Energy Agency (IEA) said in its latest market forecast released today.
July 17, 2018, 6 AM MDT
Many Canadian oil and gas companies look set to cut operating and transportation costs on a per bbl basis over the next year, according to the latest guidance data.
July 17, 2018, 6 AM MDT
Brazil and Canada are expected underpin medium-term non-OPEC supply growth, adding the most production outside of the U.S. by 2030.
July 17, 2018, 9:26 AM MDT
Global first quarter oil demand growth was over two million bbls/d, boosted by cold weather in the northern hemisphere, the International Energy Agency (IEA) said this morning in its monthly report on the oil market.
July 12, 2018, 10:06 AM MDT
Canadian oil supplies fell sharply from mid-June, as the Syncrude upgrading facility was shut down due to a power outage, the International Energy Agency (IEA) said in its monthly report on the oil market.
July 12, 2018, 10:09 AM MDT
Building a spirit of collaboration through the oil and gas supply chain can take years of concerted effort between producers and suppliers to build trust, solidify relationships and land on successful formulas that benefit both sides. And it can all be wiped out in a single bust cycle when those who forged the new relationships are sent packing.
July 11, 2018, 6 AM MDT
Putting a price on environmental risk is key to doing more to manage the risk and make disasters such as oil spills, rail disasters or tailings pond failures less likely, says a new report, Responsible Risk, from Canada’s Ecofiscal Commission.
July 11, 2018, 9:41 AM MDT
The North West Redwater (NWR) Sturgeon refinery in its first full year of operation is projected to produce a loss of about $24 million (about $1/bbl) for the Alberta Petroleum Marketing Commission and Canadian Natural Resources Limited, the two toll-paying entities, says a new report.
June 29, 2018, 11:47 AM MDT
The Montney and Deep Basin are the two hottest natural gas plays in Western Canada, but which one has the edge?
June 28, 2018, 6 AM MDT
The transition to a low-carbon energy future represents a real opportunity for Canadians to help build a better country, avoid the impact of climate change and redefine Canada’s role in a changing world, says a new report released today by federal Natural Resources Minister Jim Carr.
June 28, 2018, 11:33 AM MDT
“Flat is the new up for Canada,” is how the president and CEO of the Petroleum Services Association of Canada (PSAC), chose to describe the level of oil and gas activity in Canada in the years ahead — prompting more and more companies to look abroad as they never have before.
June 27, 2018, 11:50 AM MDT
New skills and job opportunities are emerging and replacing more traditional occupations as the Canadian oil and gas industry adapts and changes its business to remain globally competitive, according to a new labour market report.
June 27, 2018, 10:27 AM MDT
The Paris-based International Energy Agency (IEA), in a report forecasting world natural gas production and consumption through to 2023, has repeated many of the themes that were evident in last year’s report, with the 153-page analysis echoing the predictions by BP plc and other majors that natural gas will be the fossil fuel of the future.
June 26, 2018, 6 AM MDT
In the topsy-turvy state of today’s oil and gas industry — dealing with shifting market dynamics and geopolitical uncertainties, rapid technological change and the lower-for-longer crude oil price environment — a return to the pre-recession years of reliably growing markets and healthy oil prices seems unlikely any time soon.
June 11, 2018, 9:39 AM MDT
June 8, 2018, 11:31 AM MDT
The gap between the emissions reductions promised by industrialized countries in the Paris accord and today’s reality is poised to create “disruption [that] is going to be potentially massive,” a business forum was told this week.
June 1, 2018, 9:05 AM MDT
Alberta’s Duvernay shale has moved from exploration into the early stages of commercial development.
May 29, 2018, 9:07 AM MDT
Duvernay operators have incorporated technological advances in drilling and completions developed earlier in the Eagle Ford, with operators in the Duvernay bringing down capital costs per boe of estimated ultimate recovery to levels approaching what developers have achieved in the more mature Eagle Ford play.
May 24, 2018, 11:02 AM MDT