05 November

Nowhere has the opportunity been bigger than near Canada, where crude is trading for $43 a barrel below U.S. benchmark prices due to bottlenecks. That is painful for producers there, but highly lucrative for companies with nearby refineries in Canada or the upper Midwest, from Exxon to smaller fuel makers like HollyFrontier Corp. “U.S. refining […]

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05 November

While digital transformation has been on the oil and gas radar for some time, harnessing the power of new technologies is now the number one priority for the industry’s most senior decision-makers as they plot a path forward for their business. The International Energy Agency has estimated digital technologies could cut oil and gas production […]

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05 November

Register now for the IBM Oil & Gas Innovation Forum on November 28, from 2-6 pm, at The Westin in Calgary. Learn how industry leaders are achieving 10X returns on their projects by implementing data-driven business models to drive operational intelligence. Hear from top leaders and innovators from Woodside Energy, ATB Financial and IBM global […]

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05 November

Inside a processing facility at Imperial Oil’s Cold Lake thermal oilsands project. Image: Joey Podlubny/JWN CALGARY — Imperial Oil Ltd. says it earned $749 million in the third quarter to more than double its profit from last year. The company says the profit worked out to 94 cents per share for the quarter ending Sept. […]

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05 November

We expect Northern Oil and Gas, Inc. ( NOG – Free Report ) to beat expectations when it reports third-quarter 2018 results after the close of trading on Thursday, Nov 8. The current Zacks Consensus Estimate for the quarter under review is a profit of 12 cents per share on revenues of $119.1 million. In […]

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05 November

U.S. oil logistics firm Buckeye Partners LP (NYSE: BPL ) is selling its 50% stake in Vitol-backed global energy storage company VTTI, the companies said Nov. 2, a move that will see existing shareholders Vitol and IFM Investors increase their stakes. Buckeye said it would get $975 million in cash proceeds once the deal completes […]

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05 November

The Nigerian National Petroleum Corporation (NNPC) says 230.35 Billion Cubic Feet (BCF) of natural gas has been produced in the country in July. The Corporation, in its Monthly Financial and Operations report for July, said the production averaged a daily output of 7,678.17 million Standard Cubic Feet (mmscfd). It said the sum represented 8.81 per […]

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05 November

Digitalisation main priority for oil experts at Adipec ABU DHABI While digital transformation has been on the oil and gas radar for some time, harnessing the power of new technologies is now the number one priority for the industry’s most senior decision-makers as they plot a path forward for their business. Responding to the high […]

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04 November

ValuEngine downgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a sell rating to a strong sell rating in a research note published on Thursday. A number of other equities research analysts have also recently commented on CRZO. Stifel Nicolaus increased their price objective on shares of Carrizo Oil & Gas from $34.00 to $36.00 […]

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04 November

One of the many casualties of the oil market downturn was dividends. After following oil prices higher for years, most dividends tumbled alongside crude prices as oil companies reduced or eliminated their payouts to conserve cash. However, oil prices bouncing back this year has breathed new life into the sector’s dividends. Not only have many […]

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