19 February

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week. The total number of active oil and gas rigs in the U.S. hangs at 397—or 394 fewer than this time last year. This week marks the end of a twelve-week streak of increases […]

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19 February

Oil rigs scramble to tackle labour crunch ‘We are pleased with how things have turned out despite a tough y… There’s a long term future for oil and gas which Canada will play… As energy prices climb, the oil patch is getting back to work. The Canadian Association of Oilwell Drilling Contractors (CAODC) says rig […]

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19 February

Tara Weber As energy prices climb, the oil patch is getting back to work. The Canadian Association of Oilwell Drilling Contractors (CAODC) says rig activity is already higher than it previously anticipated for the first quarter of this year. The increase in activity is bringing with it another issue: concerns over finding sufficient skilled workers. […]

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19 February

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying […]

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19 February

A Crescent Point drilling rig. Photo by Rod Nickel/Reuters files Article content Canadian oil and gas producer Crescent Point Energy Corp said it has agreed to buy Duvernay shale light oil assets in Alberta from oil major Royal Dutch Shell’s Canadian unit for $900 million. The deal comprises $550 million in cash and 50 million […]

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19 February

Southern Alberta oil well Oil prices slid by up to 2% in early trade on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise. “The market was ripe for […]

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19 February

Portland,OR, Feb. 19, 2021 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global control valve market was pegged at $5.40 billion in 2019, and is expected to reach $7.96 billion by 2027, growing at a CAGR of 7.0 % from 2020 to 2027. New Traders Swear By Benzinga Options ★★★★★ […]

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19 February

Hart Energy’s Faiza Rizvi delves into the rapid rise of remote operations in the cover story, which features interviews with Weatherford, Baker Hughes, Shell, BCG, Emerson and InEight. In this month’s Executive Q&A, Hart Energy’s Brian Walzel chats with Scott Dale, executive director with Halliburton Labs, in this exclusive video interview . Our monthly roundtable […]

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18 February

By Bruce Lantz Experts are cautiously optimistic that recent gains pushing the price of oil to around US$60 a barrel are a sign of good things to come. That’s welcome news after an industry downturn followed by the impacts of the coronavirus torpedoed prices and caused massive layoffs, even company closures. Now, supply cuts by […]

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18 February

Warren Buffett’s firm Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) just released its portfolio changes for Q4 2020. The move includes another big bet on energy stocks, following a trend Warren Buffett began last year. Warren Buffett’s energy picks Berkshire revealed a US$4.1 billion investment in shares of Chevron (NYSE:CVX) . The move is interesting at a time when […]

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