08 April

Matthew Tierney Hemi is the Greek word for half. That makes a hemisphere exactly half of a perfectly round bubble. Unfortunately, the engineers who created Chrysler’s 1951 FirePower V-8 didn’t need that much bubble. In lieu of a full hemisphere, they capped each cylinder with a spherical shape whose height is significantly less than half […]

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07 April

More than six years into an economic slump, Albertans have plenty of reason to believe the tide is turning, a panel of business leaders said Wednesday. While challenges magnified by the pandemic remain, the province’s underlying human strengths, rising oil prices and the gathering momentum of diversification bode well, said a trio of business experts […]

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07 April

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday. Natural Gas — $2.52 per MMBtu Oklahoma crude oil prices as of 3 p.m. Wednesday. Oklahoma Sweet Sunoco Inc. — $56.50 Oklahoma Sour Sunoco Inc. — $44.50 Oklahoma oil and gas drilling activity posted March 24 COMPLETION No Postings. INTENT TO DRILL Canadian: Camino Natural […]

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07 April

Puget Sound refinery Image: Shell Royal Dutch Shell plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and production of crude, was able to capture “the upside from the current commodity price environment” in the first quarter, according […]

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07 April

Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported , citing the chief of the Canadian Association of Petroleum Producers. "There’s no denying that we’ve been beaten, battered and wounded and industry was faced with some of the biggest challenges last year we’ve ever seen," Tim McMillan […]

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07 April

CALGARY – The CEO of Enbridge Inc. says the company’s ongoing battles with opponents over two of its U.S. oil pipelines will eventually be recognized in higher valuations for those assets as North American energy demand inevitably increases. Al Monaco, speaking on Day 2 of the virtual 2021 Scotiabank CAPP Energy Symposium, says regulatory and […]

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07 April

U.S. President Joe Biden would like to see his proposed $2-trillion package on infrastructure passed by the summer, White House Press Secretary Jen Psaki said on Tuesday, while analysts estimate that the package could raise demand for oil for building roads. “He’d like to see progress by May and certainly a package through by the […]

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07 April

Proactive steps are needed to keep hydraulic oil clean and machines running. PHOTO: Adobe Stock/Ink drop The presence of contamination in hydraulic fluid can cause system failure, meaning that an appropriate level of oil cleanliness is required to maintain a reliable hydraulic system. The cleaner the oil, the longer excavators, wheel loaders and other equipment […]

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07 April

As we continue toward global oil supply and demand balance with the impacts of the pandemic beginning to slowly fade, there is a renewed focus on ESG and carbon policy by both industry and government. ESG and carbon policy may drive up North American energy production costs In response to the need to strengthen Environmental, […]

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07 April

(Reuters) – Futures for Canada’s main stock index rose on Wednesday as oil prices rose on prospects of a stronger economic growth, boosting commodity stocks. However, gains in crude prices were capped by talks to revive a nuclear deal with Iran, which raised the possibility of an easing of sanctions on the country’s oil exports. […]

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