04 April

Image: Joey Podlubny/JWN Most Canadian oilfield service companies continue to foresee rapid technological innovation fundamentally disrupting the way they do business over the next several years, according to the 2019 Daily Oil Bulletin Service & Supply Outlook Survey . Over half of survey respondents said they expect this to be the case within the next […]

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04 April

Steel pipe to be used in the Trans Mountain pipeline expansion on rail cars at a stockpile site in Kamloops, B.C. CALGARY – Frustrated by regulatory delays, Canadian pipeline companies have submitted a solitary natural gas pipeline proposal in the last two years, according to a new report that blasts Canada’s competitiveness. The Canadian Energy […]

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04 April

Murphy Oil logo Legal & General Group Plc trimmed its holdings in Murphy Oil Co. (NYSE:MUR) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 712,163 shares of the oil and gas producer’s stock after selling 32,098 shares during the quarter. Legal […]

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04 April

Pipeline Shares in $14.9 billion market cap Cenovus Energy Inc (TSX:CVE)(NYSE:CVE) have absolutely soared to start 2019, gaining more than 30.4% through the first three months of the new year, including a more than 5% gain during yesterday’s trading session alone. Why has the market suddenly turned so bullish on the integrated oil company? In […]

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04 April

The last year or so has not been kind to Canadian oil producers. Output has been rising as international prices stabilized at higher levels, but pipeline capacity has not changed, which last year pushed Canadian heavy crude to huge discounts, hitting producers hard. Now prices are higher but many are still struggling to make ends […]

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03 April

File. A price forecast by Deloitte suggests the shrinking price differential caused by Alberta’s oil production cap will be short lived if the province does not increase pipeline capacity. According to the financial consulting and advisory firm, Alberta’s 225,000-barrel-per-day curtailment narrowed the price gap between Western Canadian Select and West Texas Intermediate by US$26. The […]

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03 April

Rice Partnership LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 16.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,337 shares of the oil and gas company’s stock after buying an additional 2,881 shares during the quarter. Chevron comprises 1.6% […]

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03 April

Western Canadian crude oil storage inventories rose in March, data from energy information provider Genscape showed on Wednesday, as reduced crude by rail volumes offset mandatory oil production cuts imposed by the Alberta government. It was the first monthly increase since the government of Canada’s largest crude-producing province introduced curtailments on Jan. 1 2019 and […]

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03 April

Financial numbers are shown on the digital ticker tape at the TMX Group in Toronto’s financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese TORONTO — Canada’s main stock index hit a 2019 high Wednesday on renewed hopes of a trade deal between the world’s two largest economies and economic data that helped to […]

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03 April

A ship receives its load of oil from the Kinder Morgan Trans Mountain Expansion Project’s Westeridge loading dock in Burnaby, British Columbia, on June 4, 2015. THE CANADIAN PRESS/Jonathan Hayward CALGARY (660 NEWS) – It’s no surprise that oil is a major issue in the Alberta election and according to a new report, what happens […]

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