21 February

A pumpjack works at a well head on an oil and gas installation near Cremona. (File photo by The Canadian Press) ATB Financial says oil production is getting back on track in Alberta. The institution said between the pandemic, an oil price war, prices slipping into negative territory, ongoing pipeline challenges, lockdowns, travel restrictions and […]

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20 February

Permian Basin Image: Apache Corporation Total U.S. oil production has plunged by one-third – the most ever – as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations. Crude output has now fallen by about 3.5 million barrels a day or […]

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20 February

A merger wave washed over the oil patch last year. Oil giant Chevron (NYSE: CVX) kicked things off in July by agreeing to acquire Noble Energy for $13 billion. That spurred a flurry of similar deals as oil producers paired up to drive down costs. The oil industry ‘s current M&A wave has now splashed […]

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20 February

Alberta Finance Minister Travis Toews. He said there’s "too much uncertainty out there" to issue a new timeline on when Alberta’s budget will be balanced again. Article content Just a few days after delivering last year’s budget, Alberta Finance Minister Travis Toews declared “it felt like Rome was burning” as he rolled out the new […]

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20 February

Cattle find shelter from the cold wind on the side of a pump jack array last weekend in Midland, Texas. A historic winter storm plunged the state’s energy sector into a deep freeze that saw oil prices jump. (Eli Hartman/Odessa American/The Associated Press) It was only last spring that the price of a barrel of […]

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20 February

The MarketWatch News Department was not involved in the creation of this content. CALGARY, Alberta, Feb 19, 2021 (GLOBE NEWSWIRE via COMTEX) — CALGARY, Alberta, Feb. 19, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. ("Gran Tierra") (NYSE American:GTE) (TSX:GTE) (LSE:GTE), announces that the Company will release its 2020 fourth quarter and full year financial […]

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19 February

Montana Governor Greg Gianforte, center, talks with Barnard Construction president Marty Jorgensen as he conducts a tour of Keystone XL pipeline sites in Phillips and Valley counties and a public hearing in Glasgow on Friday. Montana Governor Greg Gianforte conducts a public hearing on the Keystone XL pipeline in Glasgow on Friday. Gov. Greg Gianforte […]

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19 February

Alberta drilling rig Canada averaged 185 active drilling rigs this week according to data from the Canadian Association of Oilwell Drilling Contractors. Of those rigs, 24 were moving, 93 are drilling for oil, 66 are drilling for natural gas, and 2 for other (helium, hydrogen, geothermal, or potash). Drilling activity by province is 70% in […]

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19 February

The future is one where petroleum products likely will continue to play a major role, says David Rosenberg. Article content By David Rosenberg and Ellen Cooper Oil and gas stocks were undervalued and under-owned even before the pandemic, but they have been even more unloved since the collapse in global demand in 2020. We have […]

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19 February

Photo credit: The Canadian Press Gasoline prices have been edging up since the start of 2021. GasBuddy.com’s Patrick de Haan says the price of a litre of gas is up 13 cents from a year ago because of a surge in oil prices. “A barrel of West Texas Intermediate crude oil, one of the global […]

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