Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond. SourceContinue Reading
For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to highs not seen since its massive stock issuance to buy assets from ConocoPhillips four and a half years ago. SourceContinue Reading
The new grant supports the development of a new SMART Cable between New Caledonia and Vanuatu in the southwest Pacific Ocean, which will provide essential monitoring for tsunami and earthquake early warning. SourceContinue Reading
EOG Resources Inc., one of the biggest U.S. shale oil producers, is ready to ramp up output as soon as this summer if the market demands it. SourceContinue Reading
The Government of Newfoundland and Labrador is not allocating funding for the 2022 offshore seismic program and as such, the program will cease for this year. The Newfoundland and Labrador Oil and Gas Industries Association is disappointed with this decision and encourages the Provincial Government to reconsider for this year and to plan an offshore...Continue Reading
Neptune Energy announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore. SourceContinue Reading
In alignment with Scottish Government guidance on the coronavirus situation, the organizers of SPE Offshore Europe have made the decision to postpone the event on 1-4 February 2022 at PandJ Live, Aberdeen. SourceContinue Reading
Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices. SourceContinue Reading
A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining. SourceContinue Reading
