Cracks are emerging in the U.S. oil machine.
The prospect could have recoverable reserves of up to 50mn barrels
CALGARY (Bloomberg) -- In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their thick bitumen to flow through pipelines more easily and cheaply.
Crude prices fell to the lowest level in almost a week as China warned of “serious challenges” to the global economy and the U.S. government shutdown cast a pall over growth.
Halliburton Company has reported income from continuing operations of $664 million, or $0.76 per diluted share, for fourth-quarter 2018. This compares to income from continuing operations for the third quarter of 2018 of $435 million, or $0.50 per diluted share.
After years of gloom, the oil industry’s out of its slump.
Oil slumped by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market.
The world’s biggest oilfield service companies are feeling the U.S. fracing slowdown as shale producers slash spending forecasts.
Eni leads a return to oil exploration in Libya for the first time since the 2011 Arab Spring revolution
Canada’s plans for raising carbon tax face mounting political and popular opposition
At least 66 people were killed and dozens were injured or missing after a gasoline pipeline was tapped by thieves and exploded in central Mexico. The tragedy came just three weeks after President Lopez Obrador launched an offensive against fuel theft gangs
Freedom Oil & Gas Ltd has announced that effective Jan. 14, 2019, J. Russell Porter will be joining the company as president, CEO, and a member of the board of directors. J. Michael Yeager, Freedom's chairman of the board, president and CEO will remain as non-executive chairman.
America’s journey to preeminence in the global oil trade is about to hit another milestone.
Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
Husky Energy abandoned its $2.07 billion hostile takeover bid for rival Canadian oil-sands producers MEG Energy after failing to win enough support from shareholders.
Royal Dutch Shell plc (Shell) has announced the appointment of Wael Sawan as upstream director with effect from July 1, 2019.