The year 2021 started with a bad omen. A reported 30 minute conversation between US President Joe Biden and Canadian PM Justin Trudeau resulted in the issuance of a statement by the White House indicating acknowledgment of Canadian PM’s disappointment on the US President’s decision to rescind the permit for Keystone XL pipeline. The statement […]
Read MoreOne of the first things new U.S. President Joe Biden did after his inauguration last Wednesday was revoke the presidential permit that was needed to finish the Keystone XL pipeline expansion. Biden campaigned on the promise to shelve the cross-border project that would transport over 800,000 additional barrels of oil from Alberta’s oil sands to […]
Read MoreThe Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, is seen in Steele City, Neb. in a Nov. 3, 2015 file photo. President Biden has cancelled the permit for the project, which would have carried oil from Canada into the U.S. The words “Keystone XL” first appeared […]
Read MorePresident Joe Biden signs executive orders after speaking about the coronavirus, accompanied by Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, in the State Dinning Room of the White House, Thursday, Jan. 21, 2021, in Washington. Western Canada’s oil producers will likely cope […]
Read MoreThere is no longer any question about whether the oil and gas industry will decline. It will. The question is, which oil companies will join the energy transition, and which will milk their cow until it dies? If oil executives wait too long, the decision will be made for them. Many remain in denial and […]
Read MoreCore Laboratories logo Wall Street analysts expect Core Laboratories (NYSE:CLB) to report sales of $110.09 million for the current fiscal quarter, according to Zacks . Three analysts have provided estimates for Core Laboratories’ earnings, with estimates ranging from $110.00 million to $110.20 million. Core Laboratories posted sales of $156.78 million during the same quarter last […]
Read MoreCanadian crude oil exports transported by rail soared by 87 percent on the month in November as producers had little else to do given the now chronic shortage of pipeline capacity in the country. The daily average of Canadian crude shipped by rail stood at 173,000 bpd, CBC reported , which was lower than the […]
Read MoreCALGARY – Enerplus Corp. is increasing its bets on the Bakken light oil region in North Dakota through the purchase of a private rival for US$465 million. The Calgary-based company says it has agreed to buy Bruin E&P HoldCo, LLC, which has current production of about 24,000 barrels of oil equivalent per day. Enerplus says […]
Read More→ 5 Tech Stocks to Buy Immediately (Ad) Guinness Atkinson Asset Management Inc reduced its holdings in Chevron Co. (NYSE:CVX) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,220 shares of the oil and gas company’s stock after selling 280 […]
Read MoreThe setting sun reflects off a tailings pond behind Syncrude’s oilsands upgrading facility north of Fort McMurray, Alta. on June 18, 2013. As a new U.S. president rejected the Keystone XL pipeline last week over climate concerns, a new survey came out that highlighted the differences between the Canadian and American oilpatch towards reducing greenhouse […]
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