Production
News
December 04, 2020
Total has been selling assets to curb debt as plunging oil and gas prices sap earnings, including oil field assets in Brunei and the UK, as well as a stake in a renewables subsidiary in France.
News
December 03, 2020
Discussions have focused on a gradual relaxation of output cuts over several months, and according to one delegate there could be a one-month delay before the tapering starts.
News
November 30, 2020
Market-watchers have been expecting OPEC+ to agree on a three-month delay -- and if the group doesn’t deliver prices will suffer. At stake also is the credibility of the cartel whose actions have underpinned the market since the spectacular oil crash earlier this year.
News
January 10, 2020
After big wins shorting U.S. shale, a hedge fund is turning its sights on the beaten-down Canadian oil sector.
News
January 09, 2020
Cenovus Energy Inc. joined some of its oil-sands peers in setting a goal of reaching net-zero emissions from its operations, part of a push to improve the industry’s reputation and win over environmentally minded investors.
News
January 08, 2020
Alberta’s government has loosened output limits imposed at the start of 2019 to counter a glut caused by a lack of pipeline capacity and too much oil production. Before the cuts, Western Canadian Select’s discount to WTI has grown as wide as $50 a barrel.
News
January 07, 2020
The hedging may extend a lifeline to producers, allowing them to maintain higher output at a time when analysts are expecting growth to slow.
News
January 07, 2020
Nissan Chemical America Corporation has partnered with industrial gas supplier, Messer Americas, to improve oil and gas production.
News
January 06, 2020
Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.
News
January 03, 2020
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead.
News
December 30, 2019
Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.
News
December 27, 2019
OPEC+ output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.
News
December 24, 2019
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns.
News
December 24, 2019
Oil prices are likely to remain in check during 2020 as OPEC+ production cuts are offset by higher output from other countries and a mixed outlook for demand, according to analysts.
News
December 24, 2019
Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output.
News
December 19, 2019
Crude-by-rail capacity in Alberta is expected to grow by 100,000 bpd in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday.
News
December 17, 2019
Nissan Chemical America Corporation has partnered with industrial gas supplier, Messer Americas, to improve oil and gas production.
News
December 13, 2019
"Base decline is the volume that oil and gas producers need to add from new wells just to stay where they are—it is the speed of the treadmill,” said Raoul LeBlanc, vice president of unconventional oil and gas at IHS Markit.
News
December 12, 2019
Global oil markets still face a surplus next year even if OPEC and its partners deliver newly-announced production cuts in full, the International Energy Agency said.
News
December 09, 2019
Oil doubters got a surprise from Saudi Arabia on Friday: a pledge of deeper production cuts that sent futures surging for their best week since June.
News
December 06, 2019
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.
