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M&A Fever Hits Canada's Oil and Gas Industry

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Energy

Russia Reaches 2/3 Of Oil Output Cut Target

Mar 30, 2017 at 12:33 | Irina Slav

Russia has cut crude oil production by 200,000 barrels daily, Energy Minister Alexander Novak said. That’s two-thirds of the amount it agreed to cut under the OPEC-non-OPEC agreement closed…

Mysterious Outage In Libya Could Drive Oil Prices Higher

Mar 30, 2017 at 10:41 | Dave Forest

It’s been a rollercoaster ride for Libya’s oil sector the last few months. With production from this important OPEC player swinging wildly with unstable politics in the country.…

Huge 300,000 Bpd Fracklog Could Derail Oil Price Recovery

Mar 29, 2017 at 15:17 | Nick Cunningham

Thousands of drilled shale wells are sitting idle, unfracked and uncompleted. The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as low oil prices forced drillers…

Maduro’s Last Stand: Military Takes Over Struggling Oil Sector

Mar 29, 2017 at 15:17 | Viktor Katona

As Venezuela’s foreign currency reserves have shrunk to $10.4 billion USD, so have the country’s goods in stock, against the background of gas, energy and medicine shortages, crime rates…

Trump Can’t Save Coal

Mar 29, 2017 at 15:16 | Nick Cunningham

President Donald Trump signed an executive order on Tuesday that will begin a lengthy process of dismantling former President Obama’s signature achievement on climate change – regulations that put limits…

The 5 Biggest Strategic Petroleum Reserves In The World

Mar 29, 2017 at 15:15 | Rakesh Upadhyay

The U.S. is the world’s largest holder of emergency crude stockpiles, but now it’s selling off reserves, while China, the second-largest, is taking advantage of low crude oil prices to…

Is Elon Musk’s Model 3 Production Plan Too Ambitious?

Mar 29, 2017 at 15:02 | ZeroHedge

Elon Musk, Silicon Valley's automotive visionary, loves to wow the world with grandiose visions that serve primarily to reinforce his position at the top of the list of tech titans.…

OPEC Compliance Nears 100% On Libyan, Nigerian Outages

Mar 29, 2017 at 13:22 | Julianne Geiger

OPEC’s compliance to the crude oil production cuts is expected to increase in March, from an already impressive 94 percent compliance rate reached in February. As UAE ratchets up its…

Oil Prices Spike On Lower Than Expected Inventory Build

Mar 29, 2017 at 10:11 | Irina Slav

Amid supply disruptions in Libya and strengthening expectations of an OPEC production cut extension, the Energy Information Administration reported commercial oil inventories in the U.S. had gone up by…

Shale Drillers Hedge, Putting A Cap On Any Oil Price Rally

Mar 28, 2017 at 15:51 | Nick Cunningham

Shale companies are increasing their hedging in order to provide some clarity for 2017 and guard against another possible downturn in prices. U.S. shale companies have hedged about 27…

Saudi Arabia Will Not Break The OPEC Deal

Mar 28, 2017 at 15:44 | Rakesh Upadhyay

The OPEC deal is turning out to be a failure, but has it led the Saudi’s to abandon the deal? Have they cheated on their numbers? These were the questions…

Saudi Aramco IPO Under Pressure, As 9/11 Lawsuits And Oil Prices Hit

Mar 28, 2017 at 15:42 | Cyril Widdershoven

Saudi Aramco’s IPO future looks a bit more bleak than was expected. U.S. lawsuits by American insurance companies and the continuing threat of low oil prices are pushing Saudi Arabia…

The Wealthiest Oil & Gas Billionaires In The U.S.

Mar 28, 2017 at 15:40 | Irina Slav

Forbes has published the latest edition of its global list of billionaires, featuring 565 from the U.S., which made the country the top generator of billionaires again. Figures from…

There Is No Such Thing As Peak Oil Demand

Mar 28, 2017 at 15:37 | Dwayne Purvis

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier…

Oil Prices Recover As OPEC Extension Seems Likely

Mar 28, 2017 at 14:44 | Tom Kool

Oil prices inched higher on Tuesday morning as buyers joined the fray, aided by a more positive OPEC attitude towards a deal extension.

Oil Prices Spike As Traders Anticipate Bullish Inventory Data

Mar 28, 2017 at 12:30 | Matt Smith

Two-hundred and nineteen years to the day after the washing machine was patented, oil prices are continuing to spin around support at the $48 level. As buying interest returns today…

Dakota Access Pipeline Loaded And Ready For Business

Mar 28, 2017 at 11:57 | Irina Slav

The Dakota Access pipeline is ready to start shipping crude oil from North Dakota’s Bakken play south to Illinois, project operator Energy Transfer Partners said in a regulatory filing…

Oil Companies Bet Big On This Mature Oil Play

Mar 28, 2017 at 11:05 | Dave Forest

Historic week in the oil and gas industry. With one of the world’s most well-known exploration destinations unveiling a slate of next-generation projects. The U.K. offshore. Late last week, the…

OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve

Mar 27, 2017 at 15:16 | Nick Cunningham

To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil market, monitor their progress and…

Oil Majors Lower Risk: Favor Shale Over Offshore

Mar 27, 2017 at 15:15 | Irina Slav

The first three months of this year have made one thing crystal clear: Big Oil is set on expanding in shale—hardened by the lessons the oil price crisis taught it—and…

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