Oil prices rise slightly Oil prices rose slightly on burbling Middle East tensions, economic deterioration in Venezuela and a possible extension of the OPEC supply cut, but were held in check by rising US output. By the end of the session, Brent crude had risen by 35 cents to $62.57/barrel and US WTI was up […]
Oil prices up on OPEC meeting, but pressured by US output Read More »
Rising US dollar also impacts oil prices Oil prices dipped on Monday on traders’ and analysts’ concerns over the possible extension of the OPEC supply cut as well as a rising US dollar. By 2:06 p.m. EST, Brent crude prices had fallen 74 cents to $61.98/barrel and US WTI was down 60 cents to $56.171/barrel.
Oil prices ease as traders, analysts on edge prior to OPEC meeting Read More »
Oil prices rise Friday after five straight days of losses Oil prices rose on Friday after five straight days of losses on expectations that OPEC will extend its agreement to reduce output as well as the shutdown of the Keystone pipeline after a leak was reported on Thursday. By 1:31 p.m. EST, Brent crude had
Oil prices rise, but still on track for weekly drop Read More »
Oil sands cash costs per barrel are $23-26 dollars Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 boe/d, according to a press release. The midpoints of these ranges represent a year over year production increase of more
Suncor to increase production in 2018 while capital spending drops $750 million Read More »
Oil prices could drop more if OPEC deal not extended Oil prices dipped Thursday on rising US production and crude stocks, dampening the recent rally spurred by tightening global supply due to OPEC’s supply cut pact. As of 1:36 p.m. EST, benchmark Brent was down 32 cents to $61.55 and US WTI fell by 4
Oil prices dip for fifth straight day on rising US production, inventories Read More »
2018 production targeted between 1,090,000 BOE/d and 1,170,000 BOE/d Canadian Natural Resources Ltd. announced its 2018 budget, with a capital investment of $4.3 billion, $500 million less than 2017, and a 50 per cent increase in oil sands production, according to a press release. “Canadian Natural’s transition to a long life low decline asset base is
CNRL to boost Alberta oil sands production 50% in 2018 Read More »
Total expects LNG market to grow 5% to 6% annually Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion, according to a press release. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron
France’s Total becomes 2nd largest global LNG company with $1.49 billion acquisition Read More »
Oil prices down over 2 per cent Oil prices fell over 2 per cent on Tuesday on concerns of rising US crude output and a report from the International Energy Agency showing a less optimistic outlook for global crude growth. As well, oil prices were caught up in a global commodities sell off, led by
Oil prices slide on higher US production, lower demand outlook Read More »
Acquisition includes a 62.1% interest in Weyburn(14,600 boe/d) and 200 boe/d of production from other assets Cenovus Energy Inc. agreed to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million to Whitecap Resources, according to a press release. “We’re pleased with the progress we’ve
Cenovus pays off $940 million debt with Weyburn enhanced oil recovery sale Read More »
Pengrowth expects total thermal oil production to exceed 50,000 bbl per day Pengrowth Energy Corporation announced its third quarter 2017 financial and operating results and the completion of its strategic objective of focusing its asset base to its two growth assets, Lindbergh and Groundbirch, according to a press release. Pengrowth’s long-term development plan is centered on
Pengrowth transforms into thermal oil, Montney gas focused company Read More »
