Canadian oil sands facilities representing more than 90 percent of production taken offline during a wildfire in northern Alberta have emerged unscathed and are expected to restart within days to Continue Reading
The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show. The Railroad Commission of Texas said Continue Reading
Reconstructing Fort McMurray will be easier than first feared since much of the city’s critical infrastructure remains intact but the once booming oil town will be smaller than before, according Continue Reading
Exploration of new crude oil deposits has fallen to its lowest level in over 60 years, pointing out the potential lack of the fossil fuel within the coming decade. In Continue Reading
North Sea Brent crude oil prices averaged $42/barrel (b) in April, a $3/b increase from March. Improving economic data, growing supply disruptions, and falling U.S. crude oil production and rig Continue Reading
Offshore drilling rig It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time Continue Reading
A bad start to the year for Canadian natural gas producers is getting worse after wildfires in northern Alberta knocked out oil-sands operations that represent a key source of demand. Continue Reading
Canadian energy company Nexen said it was reviewing the fire situation in Alberta, but keeping its facilities shut down until it was able to reach its oil facilities. More than Continue Reading
Alberta Premier Rachel Notley said she expects oil-sands companies that suspended output of crude oil by up to one million barrels a day due to wildfires that ravaged the Fort Continue Reading
Oklahoma oil and gas producer Chaparral Energy Inc. is claiming a key advantage as it launches a bankruptcy turnaround effort: $152 million in bank accounts beyond the reach of secured Continue Reading
