Production
News
January 15, 2020
OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.
News
January 15, 2020
U.S. oil output growth could decelerate by more than 50% next year as greater capital discipline cuts drilling rigs in America’s largest shale patch.
News
January 14, 2020
Gardner Denver Petroleum & Industrial Pumps has entered into a six-month field trial of its new Thunder 5000 HP Quintuplex pump, at STEP Energy Services in Alberta, Canada.
News
January 14, 2020
“The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf,” said Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK.
News
January 13, 2020
Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East.
News
January 13, 2020
Mexico has made key data on its sovereign oil hedge a state secret to shield the information from speculators and prevent cost increases, according to official documents seen by Bloomberg.
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.
