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 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.
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.
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.
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.
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.
Cenovus Energy's quarterly loss widened, but the oil sands producer said the impact of output cuts will be more than offset by an improvement in Canadian crude prices this year.
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the U.S.to cut off that revenue would likely force it to send crude to China, India or other Asian countries.
OPEC and its allies have been responding to requests from the U.S. for increased oil production and doing what they can to prevent prices rising, Saudi Arabia’s Crown Prince Mohammed bin Salman said.