19 October

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Rod Nickel WINNIPEG, Manitoba (Reuters) – Struggling oil and gas companies in the Canadian province of Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on […]

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19 October

Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks but observers say a recent stall in the price recovery and ongoing oil market uncertainty make unlikely […]

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19 October

The Suncor Energy Inc. Millennium mine is seen in this aerial photograph taken above the Athabasca oil sands near Fort McMurray, Alberta, Canada, on Monday, Sept. 10, 2018. , Ben Nelms/Bloomberg While the energy sector remains a key driver of Canada’s economy, investor sentiment continues to shift away from the traditional big oil players. In […]

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19 October

Halliburton expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers. (Bloomberg) — Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers. The world’s biggest provider of fracking signaled that attrition among […]

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19 October

Transocean (NYSE: RIG) has received a formal notice from the New York Stock Exchange of non-compliance with NYSE continued listing standards. Transocean Ltd. (NYSE: RIG) has revealed that it has received a formal notice from the New York Stock Exchange (NYSE) of non-compliance with NYSE continued listing standards. The company said it received the notice […]

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18 October

The past few years have been historic for as far as crude oil forecasts are concerned. Back in 2015 the view that crude oil demand could peak during the 2020s or 2030s was still met with disbelief (and some ridicule…). Economic growth had been pushing crude oil demand up ever year for decades already, so […]

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18 October

Summary Enerplus is a well-financed energy company that is likely to be somewhat attractive because of its high dividend. The company has operations in Canada, the Bakken shale, and the Marcellus with its operations weighted towards crude oil. Natural gas has much better fundamentals than oil right now, and the company is in a position […]

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18 October

Investors woke Thursday morning to the aftermath of a sharp selloff in stocks across North American markets, including the TSX. Everything from energy drag to Aphria’s earnings was cited by pundits. The pandemic, the economy, and overvaluations also got a look-in. But anybody glued to social media Wednesday night will have been aware that something […]

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18 October

New York, US | Xinhua | Global oil market will rely more on the Middle East as U.S. shale oil production is expected to continue to fall, according to industry experts. U.S. shale oil production will fall by 900,000 barrels per day in 2020 and drop another 1.1 million barrels per day in 2021, according […]

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17 October

File photo of former state minister for power and energy AKM Mosharraf Hossain UNB He will be buried at his family graveyard in Mymensingh’s Muktagachha AKM Mosharraf Hossain, former state minister for power and energy during the BNP-led four-party alliance, has died of coronavirus. The 83-year-old died at a hospital in Dhaka on Saturday night. […]

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