Results 17 articles shown
Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.
Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Canadian Natural Resources To Limit Output During Transport Crunch
Thursday, May 03, 2018 Canadian Natural Resources Ltd (CNRL) says it will produce less than expected this spring.
OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.
Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time
Monday, April 23, 2018 Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.
Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.
Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices
Wednesday, December 20, 2017 Canada's offshore oil industry is drawing rising investment interest.
ExxonMobil's Offshore Canada Project Produces First Oil
Tuesday, November 28, 2017 The Hebron oil project has produced its first oil, ExxonMobil says, in a boost to Atlantic Canada's output after years of weak crude prices.
Weak Alberta Gas Prices To Hurt Producer, Provincial Revenues
Friday, October 13, 2017 Western Canadian natural gas prices have been stuck at historically weak levels since summer due to prolonged pipeline maintenance.
Kinder Morgan Canada Kills Request Linked to Trans Mountain Pipeline
Monday, October 09, 2017 Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion.
Out-Of-Control Alberta Wildfire Shuts In Natural Gas Production
Wednesday, September 13, 2017 Questfire has shut in 900 barrels of oil equivalent per day of mostly natural gas production because of a wildfire in southern Alberta, its chief executive says.
Shell Canada Shuts Some Gas Operations Due To Southern Alberta Wildfire
Tuesday, September 12, 2017 Shell Canada, a subsidiary of Shell, is shutting some gas operations in its Waterton complex in southern Alberta.
Canadian Oil Sands Producers: Heady Days May Not Last Long
Monday, August 21, 2017 Most Canadian oil sands producers are expected to book losses or post sharp drops in profit in the coming quarters.
Suncor, Total Argue Over Cost Of Fort Hills Project
Thursday, July 27, 2017 Suncor Energy is in a dispute with Total after the French company said it would not provide any more funding for the Fort Hills oil sands project in northern Alberta.