Oil’s Recovery Under Threat as Tankers Run in Circles Off China
In late February, the tanker Jag Lok loaded oil from Equatorial Guinea in western Africa and set sail for the Chinese port of Qingdao, the gateway to the world’s newest Continue Reading
Canada’s Oil-Sands Producers Set to Re-Enter Evacuated Sites
All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the Continue Reading
Key Pipeline Could Unleash Alberta’s Oil Sands
Alberta Pipeline Canadian energy regulators handed a win to Alberta’s oil sands producers last week, recommending approval for a major oil pipeline expansion to the Pacific Coast. Canada’s National Energy Continue Reading
North Dakota rig count low sets new record
State data in North Dakota show the number of rigs searching for or producing oil and gas as of Monday broke a record low set more than 10 years ago. Continue Reading
Oil Traders Are Borrowing From Banks to Store Crude at a Loss
The waters between Singapore and Malaysia used to heave with wooden ships carrying exotic spices. Now the Straits of Malacca are filled with vessels carrying a very different sort of Continue Reading
Oil sands companies losing up to $50 million a day as fires rage: analysts
A wildfire burns near Highway 63 south of Fort McMurray, Alberta, Canada, May 8, 2016. Out-of-control wildfires that have consumed over a million acres of land in Canada’s Alberta are Continue Reading
Suncor Poised to Get Back to Work as Fire Evacuations Eased
Cooler, humid weather that’s helping control a wildfire in the heart of Canada’s oil patch is allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work. Continue Reading
Oil Industry Maintains Country Club Culture During Downturn
Horizontal shales deep under the earth’s surface are important to an energy company’s balance sheet, but so is what happens above the grass line — especially if that grass is Continue Reading
This is Peak Oil
In the last press review of 2015 I asked if that had been the year petroleum peaked. The question mark was not just a precaution, the uncertainty was really there. Continue Reading
U.S. Oil Rig Count Unchanged in Latest Week
The oil-field services company said… The U.S. oil-rig count was unchanged at 318 in the latest reporting week, according to oil-field services company Baker Hughes Inc., BHI 0.20 % as Continue Reading