The Town of Sundre, northwest of Calgary, may soon be known under a different name. The town of around 2,700 people nestled in the province’s foothills is set to be dubbed as Hardwell, but only on television. That’s because the town has been selected as the backdrop for a new series that’s being independently developed […]
Read MoreThis June 2020 photo, shot from a television screen provided by the Michigan Department of Environment, Great Lakes, and Energy shows damage to anchor support EP-17-1 on the east leg of the Enbridge Line 5 pipeline within the Straits of Mackinac in Michigan. Enbridge who provided the photos to the state of Michigan, last week […]
Read MoreMurphy Oil logo Murphy Oil Co. (NYSE:MUR) was the target of unusually large options trading activity on Wednesday. Stock investors bought 30,045 put options on the company. This is an increase of 3,053% compared to the typical daily volume of 953 put options. NYSE MUR opened at $13.35 on Thursday. The company has a fifty […]
Read MoreAQR Capital Management LLC decreased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 80.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 134,242 shares of the oil and gas company’s stock after selling 565,336 shares during the period. AQR Capital Management LLC’s holdings in Schlumberger […]
Read MoreOil prices hit four-month highs this week, but bearish sentiment quickly snapped back into place and halted the rally. For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the second outlines the three biggest mistakes […]
Read MoreFILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes SAO PAULO (Reuters) – Brazilian state-run oil firm Petrobras has begun the binding phase in the sale process of its 10% remaining stake in gas pipeline firm Nova Transportadora do […]
Read MoreNatural gas futures collapsed to a 25-year low below $1.50 per MMBtu in late June, due in part to an ongoing supply glut made worse by the coronavirus-induced drop off in usage. Since then, the commodity has made a slight recovery on prospects of less ‘associated gas’ draining the oversupply amid hopes of rising demand […]
Read MoreTORONTO — Canada’s main stock index wrapped up a solid week on a down note while U.S. markets were closed for the Independence Day holiday. Crude oil and gold prices were down a little bit but not enough to "really spook" the market so the Toronto Stock Exchange followed the path set in Europe where […]
Read MorePipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. The Supreme Court of Canada will not hear a new appeal from British Columbia First Nations over the Trans Mountain pipeline expansion.THE CANADIAN PRESS/Jason Franson – The Canadian Press OTTAWA — The Trans Mountain pipeline expansion cleared another legal […]
Read MoreCanada will be reliant on oil and gas for “years to come”, according to the Department of Employment. A report published by Blacklock’s Reporter says the oil industry remains “fundamental” even as cabinet subsidizes electric cars and taxes carbon. “The world will continue to rely on oil and natural gas for years to come, even […]
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