Oil & Gas Industry News

Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.


Contractor killed at Suncor Energy mining site north of Fort McMurray

Calgary Herald
Fri, 20 Oct 2017 23:33:36 +0000
A contract worker died Friday at Suncor Energy’s Millennium oilsands mine north of Fort McMurray. Alberta labour spokesman Trent Bancarz said the man, in his 30s, was digging a trench when he was buried. His name was not released. The man was employed by Ontario-based Aecon Mining, which said it was deeply saddened and had put its […]
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Venezuelan choices worsened by another political failure

Oil & Gas Journal
Fri, 20 Oct 2017 20:58:00 GMT

Venezuelans know they would not be confronting only the authoritarian regime of President Nicolas Maduro if they resumed protests after yet another political failure.

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Thai energy major delays project in sign Big Oil remains wary of oilsands

Financial Post
Fri, 20 Oct 2017 20:57:37 +0000
PTTEP has booked two previous write downs on its Mariana oilsands project, including a US$640 million impairment in 2014 and a US$626 million impairment in 2015
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API: US petroleum product demand hits 10-year September peak

Oil & Gas Journal
Fri, 20 Oct 2017 18:09:00 GMT

US petroleum product demand averaged more than 20.2 million b/d in September, 2.4% more than a year earlier and the highest level for the month since 2007, the American Petroleum Institute reported.

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Baker Hughes: US rig count falls 15 units to 913

Oil & Gas Journal
Fri, 20 Oct 2017 17:48:00 GMT

The US rig count during the week ended Oct. 20 declined for the ninth time in 12 weeks. Baker Hughes’ tally of active rigs fell 15 units this week to 913. 

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PTTEP further delays Alberta oil sands project

Oil & Gas Journal
Fri, 20 Oct 2017 17:04:00 GMT

Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-sq-km Mariana Oil Sands Project near Athabasca, Alta., according to a Reuters report. PTTEP also will record a $550-million impairment in its third-quarter earnings.

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US Senate rejects bid to remove ANWR provision from budget bill

Oil & Gas Journal
Fri, 20 Oct 2017 16:38:00 GMT

The US Senate rejected an amendment that would have removed language authorizing oil and gas development within the Arctic National Wildlife Refuge from the fiscal 2018 budget bill on Oct. 19. The 52-48 balloting largely followed party lines, with Republicans except Susan Collins (Me.) voting against it and Democrats except Joe Manchin (W.Va.) supporting it. 

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Contract let for West White Rose drilling package

Oil & Gas Journal
Fri, 20 Oct 2017 16:18:00 GMT

In preparation of the 2022 startup of Husky Energy Inc.’s West White Rose project, Wood Group Canada Inc. has let a contract to MHWirth AS, a unit of Akastor ASA, for the delivery of a drilling package, including equipment, engineering, and services.

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WoodMac: Libya’s oil production might have reached near-term potential

Oil & Gas Journal
Fri, 20 Oct 2017 15:26:00 GMT

Wood Mackenzie Ltd. analysts believe Libya’s oil production might have reached near-term limits with only gradual future growth. The possibility of longer-term political normalization and a reduction in the nation’s political conflicts depends on Libya maintaining oil production.

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MARKET WATCH: NYMEX crude oil drops under $52/bbl

Oil & Gas Journal
Fri, 20 Oct 2017 15:06:00 GMT

The light, sweet crude oil contracts dropped to settle under $52/bbl on the New York market on Oct. 19. The US benchmark fell for a second consecutive day in early trading on Oct. 20 during a week in which oil prices wavered between gains and losses.

 

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