Due to lower storage levels, Premier Rachel Notley of Alberta announced the province would ease the mandatory oil production cuts and allow an increase in production of 25,000 barrels per […]
Fifteen years after Hurricane Ivan ripped through the Gulf of Mexico, devastating offshore oil rigs, 700 barrels of oil per day continues to leak from the uncapped wells. Despite a
In news breaking today, Oct 18, Kinder Morgan announced it would cancel its Utica Marcellus Texas Pipeline project. The disclosed at a presentation of its financial results for the third
Breaking news: Kinder Morgan to cancel its Utica Marcellus Texas Pipeline project Read More »
Not only did oil supply reach a new record, at 100 million barrels a day, but demand is also expected to increase through 2019, according to the International Energy Agency.
Rerouting the pipeline expansion to avoid a First Nation’s aquifer and ensuring another First Nation will always be immediately notified of a pipeline spill are among the steps Ottawa could
First Nation’s groups propose specific risk mitigation that could “save the pipeline” Read More »
Iranian oil-watchers expect a decline of 1.3mn b/d by the end of 2019, based on the sanctions from the U.S. Government. [1] With the situation still in “play” regarding foreign
Nexen Energy recently announced that it will spend approximately $400 billion on a 26,000-barrel-per-day expansion of its Long Lake oil sands project in northern Alberta. Plans include adding three steam-driven
Nexen Energy Expansion Announced Read More »
Crude oil prices fell in several markets this week pending a June 22nd meeting of the Organization of Petroleum Exporting Countries in Vienna. Prior to the meeting, both OPEC and
Crude Oil Prices Uncertain as OPEC Meets to Discuss Supply Read More »
