02 November

Shale Gas Drilling in Northeast BC CALGARY – The Petroleum Services Association of Canada is predicting more pain for the oil and gas sector next year. It predicts a total of 6,600 wells will be drilled in Canada in 2019, down about five per cent from an expected 6,980 […] Click here to view original […]

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02 November

CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — (TSX: CJ) Cardinal Energy Ltd. (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the quarter ended September 30, 2018. The Company’s unaudited financial statements and management’s discussion and analysis for the quarter ended September 30, […] Click here to view original […]

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02 November

Oil prices steadied on Friday after a week of heavy falls as markets braced for the imposition next week of U.S. sanctions on Iran, which Washington hopes will halt exports of Iranian oil. U.S. light crude was 25 cents lower at $63.44, down more than 13 percent since hitting […] Click here to view original […]

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02 November

Suncor Energy Inc, Canada’s second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday. Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada, is […] Click here to view original […]

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02 November

TRUMP ADMINISTRATION DOLES OUT EXEMPTIONS AS IT ROLLS OUT IRAN OIL SANCTIONS: The Trump administration announced Friday morning that it will dole out exemptions to eight countries allowing them to continue importing oil from Iran even as the U.S. applies sanctions beginning Nov. 5. The sanctions are intended to […] Click here to view original […]

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02 November

WASHINGTON – The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. The Energy Information Administration said Thursday that the U.S. produced more than 11.3 million barrels a day in August, a 4 percent increase over the old record […] Click here to view original […]

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02 November

The waivers are temporary, and the US will expect countries that get them to keep cutting Iranian imports in the months ahead Gas flares at the Soroush oil fields behind an Iranian flag in the Persian Gulf, Iran. File photo: REUTERS Washington — The US has agreed to let […] Click here to view original […]

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02 November

The long-simmering standoffs have kept about 800,000 barrels a day out of international oil markets. U.S. officials hope that by bridging still-sharp differences between the two sides in either dispute, they can reopen the taps on the stranded crude, according to these people. Related Coverage Washington faces tough odds. […] Click here to view original […]

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02 November

Both companies beat expectations and rallied Friday, following the performance of nearly all the world’s largest Western energy companies. BP PLC, France’s Total SA and Norway’s Equinor AS EQNR -1.45% A have all fared well with investors in the past week after exceeding profit forecasts. Big oil companies saw […] Click here to view original […]

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02 November

FILE PHOTO – President and CEO Rich Kruger of Imperial Oil addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 30, 2015. REUTERS/Todd Korol (Reuters) – Canada’s Imperial Oil Ltd’s quarterly profit more than doubled to easily beat analysts’ estimates on Friday, benefiting from a record […] Click here to view original […]

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