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.

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.

Venezuela’s Blackout Halts Oil Exports From Primary Port

Few reasons given for how the blackout occurred and how long it will last.

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.

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.

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.

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.

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.

Husky Energy Sees Production Hit In 2019 From Alberta Cuts

Canadian oil and gas producer Husky Energy expects 2019 production could be lower than it had previously expected because of mandatory output cuts imposed by the government of Alberta.

WTI Will Soar Above $70 By The End Of The Year. Here’s Why.

Demand from IMO 2020, a crazy-productive Permian and a midstream sector scampering to keep up will combine to fuel a red-hot industry in 2019.