29 September

© bravajulia / Adobe Stock It will take well-defined goals and a mix of new green technologies to meet the International Maritime Organization’s (IMO) target to achieve net-zero shipping emissions by 2050, oil major Shell said in a newly published report. In the report, Decarbonizing Shipping: Setting Shell’s Course, Shell highlights the role that hydrogen […]

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29 September

Agreement to Supply Clean, Low Emissions Natural Gas to Recently Financed, State-of-the-Art CPV Three Rivers Energy Center in Grundy County, Illinois CALGARY, AB – Advantage Oil & Gas Ltd. (Advantage) and Competitive Power Ventures (CPV) announce today that the companies have agreed to a long-term gas supply agreement for the recently financed CPV Three Rivers […]

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29 September

On the 14 September, I celebrated 50 years of active involvement in the exploration and production (E&P) sector and 45 years as an SPE member. How time flies when you are having fun. I graduated as a mining engineer and learned my petroleum engineering on the job, initially as a Shell trainee and subsequently as […]

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29 September

USD/CAD Video 29.09.20. Another Test Of Resistance At 1.3400 USD/CAD is still trading near 1.3400 despite U.S. dollar’s weakness against a broad basket of currencies as WTI oil is under material pressure . The U.S. Dollar Index has managed to get below 94.00 and is testing the nearest support level at the 50 EMA at […]

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29 September

The Canadian oil sands is one sector I‘ve generally avoided in recent years, for a variety of reasons. Headwinds related to ESG-oriented investing mandates, which have led to massive capital outflows from this sector have resulted in a large-scale reduction in investor interest in energy investments in general. As pipeline capacity continues to be a […]

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29 September

Alberta oil well in canola field Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package. More than 1 million people have died of COVID-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging […]

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29 September

A proposed rail route from Alaska to Alberta Image: Alberta Railway Development Corp. U.S. President Donald Trump’s decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta’s struggling oil sands producers. The presidential permit, announced in a tweet late on Friday, will push forward a […]

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29 September

Nick Ashton, senior vice president for exploration in Norway and the UK. (Photo: Ole Jørgen Bratland) Equinor has made a North Sea oil and gas discovery that could hold up to as much as 38 million barrels of oil equivalent. The Norwegian energy giant, which has a regional base in Aberdeen, struck oil and gas […]

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29 September

Oil reversed an earlier decline following a weaker dollar and a broader rally in markets. The U.S. currency hit a session low, making commodities priced in the greenback more attractive, and European equities rallied the most in two weeks. The oil market, however, still faces an uncertain outlook with an executive at trading giant Vitol […]

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29 September

Summary Cabot is likely to have slightly negative cash flow in 2020 after its dividend, but could generate over $600 million in positive cash flow in 2021. Long-term natural gas prices are likely to remain in-between 2020 and 2021 prices, resulting in a projection that Cabot could average a bit over $300 million in positive […]

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