I have worked as a world oil analyst during all four crude oil price wars since the creation of the Organization of the Petroleum Exporting Countries (OPEC) in 1960, having started my career at the Alberta Petroleum Marketing Commission (APMC) in the mid-‘80s. Based on what I’ve learned about oil price wars over this period, we should batten down the hatches, as this one could be the longest and deepest of them all.
March 18, 2020, 1:33 PM MDT
The outlook for merger and acquisition (M&A) activity in the Canadian oil and gas space is murky in light of current market conditions dominated by the double-whammy of a Saudi Arabia-Russia induced price war and the demand destruction caused by the global coronavirus pandemic.
March 18, 2020, 6 AM MDT
Producers across Canada licensed 429 wells last month — down from 452 in February 2019 and 752 in January 2020 — as operators started to respond to price declines caused by COVID-19.
March 18, 2020, 1:42 PM MDT
The historic resilience and stability of Enbridge Inc.’s operating assets will enable the company to withstand today’s challenging environment, says its chief executive.
March 18, 2020, 9:17 AM MDT
Oil prices will stay lower for longer as a result of the COVID-19 virus, with Canadian oilsands and offshore production being the hardest hit in the next two months, but with shale producers also being seriously impacted, says an Oslo-based energy industry consultancy.
March 18, 2020, 10:37 AM MDT
The Coronavirus (COVID-19) pandemic is a great concern for you and your families. At this time Glacier Resource Innovation Group — which publishes the Daily Oil Bulletin — wants you to know that the well being of our valued customers, business partners and employees is of the deepest concern to us.
March 18, 2020, 6:02 AM MDT
Decommissioning obligations may have an overwhelming impact on the viability of Western Canada’s oil and gas industry, says Randy Green, but he also sees a chance to empower stakeholders.
March 18, 2020, 6 AM MDT
As one of the world’s largest publicly traded engineering, procurement, construction (EPC) and maintenance companies, Fluor designs, builds, and maintains capital-efficient facilities for clients on six continents and delivers comprehensive solutions across a broad spectrum of industries including energy and chemicals, government, advanced technologies and life sciences, infrastructure and power, mining and metals, and operations and maintenance.
March 18, 2020, 6 AM MDT
TheNewswire has cut its Full North American Distribution rate for Oil & Gas Issuers to just $150 per press release – unlimited words and pages.
March 18, 2020, 6 AM MDT
Effective steam injection is a key component of steam-assisted gravity drainage (SAGD) development. When deploying outflow control devices (OCDs) as part of SAGD operations, steam injection effectiveness can be measured in operation time, number of on-site personnel required during operations and confirmation of OCDs shifting open — all three areas improved by the introduction of a new ball-activated OCD during field trials in Alberta’s oil sands.
March 18, 2020, 6 AM MDT
March 18, 2020, 7:52 AM MDT
With the continued volatility in commodity pricing, Canadian Natural Resources Limited has identified and implemented further opportunities to reduce its 2020 capital spending budget to $2.96 billion, a $1.09 billion reduction from its original 2020 budget.
March 18, 2020, 3:32 PM MDT
Haisla Nation Chief Councillor Crystal Smith is proud to support LNG development in B.C. and says projects like LNG Canada’s gas terminal are giving her people a chance to escape poverty and have hope for the future.
March 18, 2020, 6 AM MDT
In these highly uncertain times, it is vital to quickly identify the producers around the world that are best protected against new and abrupt market changes.
March 18, 2020, 6 AM MDT
Enerflex Ltd. has significantly changed its growth plans for the year in response to uncertainty caused by the COVID-19 pandemic and recent market volatility.
March 18, 2020, 8:02 AM MDT
In response to the COVID-19 pandemic and the recent significant decline in global energy prices, Pembina Pipeline Corporation has announced an overall reduction of $900 million to $1.1 billion (about 40 to 50 per cent) in its 2020 capital spending plans.
March 18, 2020, 10:28 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 18, 2020, as reported this morning by Rig Locator.
March 18, 2020, 11:37 AM MDT
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March 18, 2020, 11:06 AM MDT
Bonavista Energy Corporation has worked extensively over the past 12 months to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions.
March 18, 2020, 7:48 AM MDT
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