Alberta’s Mega Oil and Gas Liability Crisis, Explained
A Supreme Court of Canada ruling that bankrupt oil and gas companies must clean up their abandoned wells before paying creditors might sound like good news, but it doesn’t solve Continue Reading
French oil company Total’s accounts blocked in Venezuela
The Venezuelan company accounts of French oil group Total have been blocked as a result of U.S. sanctions, Total chief executive Patrick Pouyanne said on Thursday. View full article at Continue Reading
U.S. oil, gasoline inventories up in latest week: EIA
U.S. crude stocks rose less than expected last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.3 million Continue Reading
Suncor expects Alberta oil cuts to end early as rail shipments slow
Suncor Energy Inc, one of Canada’s biggest oil producers, expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that Continue Reading
Crude stockpiles at Cushing climb to highest in over a year: EIA
Crude stockpiles at Cushing, Oklahoma, the delivery point for U.S. oil futures, last week rose by 1.4 million barrels to 42.6 million barrels, the highest since Jan. 2018, the Energy Continue Reading
Frac Sand Accumulates as Demand Weakens
Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop Continue Reading
Partial oil upgrading the latest fix for Canada’s pipeline problem
Canada’s struggling oil industry is looking to what is known as partial upgrading technology to thin its sludge-like crude and squeeze more of it through congested pipelines. It is the Continue Reading
The Natural Gas Price Plunge Isn’t Over Yet
Natural gas prices started the winter season with a bang, but could end it with a whimper. Henry Hub natural gas prices spiked last November to multi-year highs, nearing $5/MMBtu. Continue Reading
Bet everything on electric: Inside Volkswagen’s radical strategy shift
If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in Continue Reading
Tests at Cuadrilla’s British fracking site show substantial gas flows
Tests of the first shale well at Cuadrilla’s site in northwest England show a rich reservoir of high quality and recoverable gas, the British firm said on Wednesday, adding that Continue Reading