Oil prices pressured by rising OPEC exports, US production On Friday, oil prices rose on a strong US jobs report that boosted hopes that demand for energy was growing. However, crude prices were on track for a small weekly decline as rising OPEC exports and US production pressured prices. According to the US Labor Department, […]
Oil prices up on strong US jobs data, but on track for small weekly decline Read More »
Cenovus’ Suffield project and Deep Basin midstream assets up for sale Cenovus Energy is entertaining bids from a number of companies, including CNRL, ARC Financial Corp and others, in the sale of the company’s $1 billion heavy oil project in Pelican Lake, Alberta, according to Reuters sources. The Calgary-based company is also in advanced discussions on
CNRL among bidders for Cenovus ‘non-core’ assets as oil sands giant pays down debt Read More »
Oil industry in early stages of cyclical expansion By John Kemp LONDON – The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. Deep and long cycles in oil prices
Column: Macroeconomic risks for the oil industry Read More »
Electricity sales in states with efficiency mandates are 55% of total retail electricity sales The United States consumed about one per cent less energy in 2016 – with Texas the biggest user for the 56th year in a row – and that trend may accelerate as more states adopt energy efficiency policies and programs, according
Tesla stock up 63 per cent in 2017 Tesla stock got a bump of 6 per cent on Thursday after its quarterly report beat average analyst estimates and boosted bets that the Model 3 will shift the California-based electric automaker into the mainstream. Since the beginning of 2017, Tesla stock has jumped 63 per cent.
Tesla stocks jump as Wall Street bets on Model 3 Read More »
Chesapeake Energy to cut rig count by four by year’s end In its second quarter results, Chesapeake Energy Corp showed the US natural gas producer beat quarterly profit estimates, but the company says it plans to cut its rig count and bring fewer wells into production this year. Chesapeake operates in a number of US
Chesapeake Energy Q2 revenue up, but company cutting rig count in 2017 Read More »
Also in brief: CNRL delivers strong 2nd quarter results, Kinder Morgan Canada launches $200 million bought deal preferred share offering Seven Generations Energy Ltd.continued its strong financial and operating performance in second quarter of 2017, generating funds from operations of $268.1 million, or 73 cents per share, up 36 and 11 per cent compared to
Line 3 pipeline runs from Hardisty, AB to Superior, WI In its 2017 second quarter report, Enbridge says regulatory delays and route modifications will boost the cost of the Line 3 pipeline replacement project. The company also reported a lower-than-expected Q2 profit. Enbridge says the project that runs from Hardisty, Alberta to Superior, Wisconsin will
Line 3 pipeline costs higher due to regulatory delays, route changes Read More »
Oil prices up despite rising OPEC supplies Oil prices fell in trading on Thursday after reports detailed increased production from some OPEC members and despite signs of a tightening market in the United States. Brent crude settled down by 35 cents to $52.01/barrel and US light crude ended the day down by 56 cents to
Oil prices dip on oversupply concerns Read More »
Construction of Kinder Morgan’s Trans Mountain Expansion is big test for Canadian oil and gas industry – Collyer Eric Nuttall of the Sprott Energy Fund is mad as hell, so mad he’s taking his $146.3 million energy fund out of the Canadian oil and gas industry and investing in American shale production instead. Is capital
