Cenovus looking to cut operating, admin costs by $200M in 2016 CALGARY _ Cenouvs Energy is slashing 440 jobs as part of its previously announced cost-cutting plans due to low oil prices. Spokesman Brett Harris says Cenovus has already cut 190 mostly contractor positions, while an additional 250 people from its Calgary head office and […]
Cenovus, Murphy Oil cut jobs in Calgary Read More »
Mexico oil reserves down to 10.24 billion at the end of 2015 from 13 billion at the end of 2014 MEXICO CITY _ Mexico’s government oil commission says the country’s proven reserves of oil and gas dropped by a startling 21 per cent in 2015. The commission said Thursday that combined oil and gas reserves
Proven Mexico oil reserves down by 21 per cent in 2015 Read More »
T. Boone Pickens’ company must pay arbitration costs, portion of legal fees OTTAWA _ Texas-based Mesa Power has lost its legal challenge under the North American Free Trade Agreement on how Ontario ran its renewable energy bidding process. The company filed the chapter 11 NAFTA claim in 2011, accusing the province of failing to conduct
T. Boone Pickens’ wind power company loses NAFTA challenge Read More »
Rig count drops in Canada to 49 from 55 HOUSTON _ On Friday, oilfield services giant Baker Hughes reported another drop in the number of rigs exploring for oil and gas in the United States and Canada last week. In the US, there were 14 fewer rigs reported, with the number of rigs searching for
US rig count drops by 14 to new all-time low of 450 Read More »
PURCHASE, N.Y. _ Hillary Clinton gave a spirited defence Thursday of her campaign proposals and her lead in the Democratic primaries after she was disrupted by a group of Bernie Sanders supporters ahead of her home state’s primary. A few minutes into Clinton’s remarks on the campus of Purchase College, about 20 Sanders supporters shouted,
Hillary Clinton defends ‘money from people who work for fossil fuel companies’ Read More »
Environmental groups are funded by donations from self-interested donors – just like Clinton campaign Hillary Clinton is under the gun today for taking campaign donations from “fossil fuel interests.” Big deal. We should recognize the criticism from environmental groups for the naked political self-interest it is. Clinton was at Purchase College in New York to give a
Oil prices down 3.5 per cent Friday morning NEW YORK _ U.S. stocks climbed Friday after the government said job growth continued at a strong clip in March. Makers of consumer goods and household products rose, and health care companies rebounded. The solid employment report helped U.S. stocks stay out of a steep global decline.
Oil prices drop due to pessimism over crude supply cap deal Read More »
Second ethane terminal expected to open at Morgan’s Point, Texas in Q3 2016 Ethane production is expected to increase from 1.1 million b/d in 2015 to 1.4 million b/d in 2017, accounting for two-thirds of total U.S. hydrocarbon gas liquid (HGL) production growth, according to the US Energy Information Administration. Ethane, a key feedstock for petrochemical manufacturing, is
Ethane production to increase as petrochemical consumption and exports expand Read More »
