Equinor Pushes Forward With Mariner As Global Heavy Oil Production Falls
Equinor and partners are investing more than $7 billion in the development east of the Shetland Islands in the U.K. North Sea.
March 25, 2019
Heavy Oil
US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude
U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.
March 25, 2019
Heavy Oil , Infrastructure , Rail , Pipelines
Canada's Alberta Increases Crude Output Limit For May And June
The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.
March 19, 2019
EnQuest Shares Slump After Partner Downgrades Kraken Oil Field Reserves
British oil firm EnQuest's shares slumped to a three-year low after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oil field's reserves by around a fifth.
March 12, 2019
Venezuela’s Blackout Halts Oil Exports From Primary Port
Few reasons given for how the blackout occurred and how long it will last.
March 11, 2019
Canadian Oil Sands Producer MEG Energy Posts Bigger-Than-Expected Quarterly Loss
MEG Energy, whose key operations are in Canada's Athabasca oil sands region, said bitumen production fell in the fourth quarter from a year earlier.
March 8, 2019
Crescent Point Energy Quarterly Output Misses Estimates On Asset Sales
Crescent Point Energy's strategy to sell assets to reduce debt and use a part of the money to finance its expansion in oil and gas production is yet to pay off.
March 7, 2019
Canadian Natural Resources Posts Surprise Loss; Says Oil Prices Improving
Canadian Natural Resources posted a loss in the fourth quarter when analysts were expecting a profit, as average realized prices of crude oil and NGL were more than halved.
March 7, 2019
BW Offshore Wins Approval To Buy Field Offshore Brazil From Chevron, Petrobras
Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba field offshore in the Campos Basin from Petrobras and Chevron.
March 6, 2019
Oil-producing Province Alberta Eases April Crude Production Limit
The province is now raising the limit because the amount of oil in storage is shrinking and prices are stronger, Alberta premier Rachel Notley said in a statement.
March 1, 2019