Tag Archives: Canada

Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States ended the week at 456, representing a one-unit decline from a week ago. The most recent U.S. rig count reflects no change in the number of oil (359) and a one-unit drop …

US oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tons of emissions by …

The project is expected to have an annual energy production of 200,000MWh, which will result in an annual offset of 106,000 tonnes of carbon dioxide.

On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

It comes ahead of the launch of the Clean Air Zone (CAZ) in the city later this month.

Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change.

it will establish a corporate domicile in the U.S. early next year. pending various approvals. and rebrand under the name Ovintiv Inc.

Keating summarized what’s coming as a bow wave of investment as eight oil companies. with 10 exploration plans. begin exploration programs in frontier areas of the offshore.

Schulich bought about 5% of MEG Energy for the first time in the last couple of weeks. underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy.