Summary Offline capacity in Gulf of Mexico still supports prices Markets await decision on Fed rate cut Poor August data stokes China demand worries (Reuters) – Oil prices stabilized on Monday as ongoing disruption to U.S. Gulf oil infrastructure balanced persistent demand concerns after a fresh round of Chinese data while investors await news on …
Oil Prices Stabilize Ahead of Fed Interest Rate Decision Read More »
Despite Ottawa’s campaign against oil and gas, Alberta’s net payments to the federal government are five times those of B.C. and Ontario Tegan Hill and Spencer Gudewill , Special to Financial Post Alberta’s provincial flag in Ottawa. Photo by Adrian Wyld/The Canadian Press files According to a recent poll by the Angus Reid Institute, nearly half of …
Opinion: Alberta is Still the Biggest Net Contributor to the Federation Read More »
Summary Brent and WTI both set for weekly gains US offshore oil industry reawakens after Francine shut-ins US oil and gas rig count rises by most in a year Benchmarks hit multi-year lows this week on demand fears (Reuters) – Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane …
Oil Eases on Resuming U.S. Output After Storm, Rising Rig Count Read More »
A federal judge on Friday blocked new oil drilling permits from being granted for a 5,000-well oil and gas development project in Wyoming that was approved in the waning days of Republican former President Donald Trump’s administration. U.S. District Judge Tanya Chutkan in Washington, D.C., agreed with two environmental groups that the U.S. Bureau of …
Judge Blocks New Drilling Permits for Wyoming Oil Development Project Read More »
Opponents of Enbridge’s Line 5 project say the move is positive and will allow more time for the project to meet environmental and legal concerns.
Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas.
Here is a compilation of dividends declared by select upstream and service and supply companies for third-quarter 2024.
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region’s output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers. Hurricane Francine shut in up to 42% of the region’s offshore oil …
U.S. Offshore Oil Industry Reawakens After Francine Shut-Ins Read More »
Chevron Corp., already drilling nearly 2.8-mile laterals at its Loma Campana Field in Argentina, wants to drill even longer horizontals, an executive told Hart Energy.
Rising Phoenix Minerals CEO Jace Graham said his boutique firm isn’t getting any bigger: The company doesn’t need a squad of infantry when “we’ve got a team of snipers.”
