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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.
Canada’s crude is up 70% on Alberta’s oil crisis plan before it cuts a single barrel
Tue, 11 Dec 2018 17:33:35 +0000
At least one company said it avoided layoffs because of the government plan to cut output
Varcoe: Anger boils in oilpatch over pipeline paralysis and Quebec's hypocrisy
Tue, 11 Dec 2018 16:13:19 +0000
Legendary oilman Jim Gray has seen Alberta’s anger against Ottawa erupt when issues like the National Energy Program have boiled over. But the fury usually subsides and the energy industry soon gets back to its knitting: producing oil and natural gas that is used across North America. Today, the co-founder of Canadian Hunter Exploration is […]
MARKET WATCH: Crude benchmark prices drop in correction after OPEC
Oil & Gas Journal
Tue, 11 Dec 2018 15:51:00 GMT
Crude oil benchmarks settled down by more than $1.60/bbl on Dec. 10 in a market correction to an initial surge in oil prices on Dec. 7 following news that the Organization of Petroleum Exporting Countries and 10 non-OPEC countries agreed to cut production by 1.2 million b/d.
Enbridge raises dividend 10 per cent for 2019
Tue, 11 Dec 2018 12:42:31 +0000
CALGARY — Enbridge Inc. is raising its dividend by 10 per cent for next year. The pipeline and utility company says the increase means it will pay a dividend of $2.95 per share annually, effective in the first quarter of 2019. Based on Enbridge’s closing share price Monday of $42.09, the stock will have an […]
Crude Oil Ends the Day Higher
Tue, 11 Dec 2018 00:00:00 GMT
Both the WTI and Brent posted gains Tuesday.
Hundreds of Texas Oil and Gas Workers to Lose Jobs in New Year
Tue, 11 Dec 2018 00:00:00 GMT
Layoffs are on the horizon for hundreds of oil and gas workers in Texas.
Varcoe: Oil cut could erase a chunk of Alberta's growth in 2019, Conference Board warns
Sat, 08 Dec 2018 01:31:51 +0000
A dollop of encouraging news for Alberta arrived Friday, as OPEC cemented a deal to support higher oil prices, the discount on Canadian crude continued to narrow, and more jobs were created in the province last month. But let’s not celebrate for too long. A new report warns the prospects of modest economic growth in […]
Famed FirstEnergy analyst retires, saddened by Canadian oil policy
Fri, 07 Dec 2018 22:55:32 +0000
As Alberta's oil and gas industry both fights for investor attention and grapples with the need for more pipelines, King joins a frustrated group of energy professionals
Inside Alberta: Braid, Varcoe discuss Alberta's oil cuts, Notley's stand in Montreal
Fri, 07 Dec 2018 20:10:07 +0000
The Calgary Herald’s Don Braid and Chris Varcoe have plenty to talk about on today’s Inside Alberta podcast. They discuss the fallout from oil price curtailment, Premier Rachel Notley is in Montreal saying that she can’t get to the table, New Brunswick wants the Energy East pipeline. But perhaps the biggest story — Premier Rachel Notley […]
Junior oil firms cutting dividends, output as prices remain 'embarrassingly low'
Fri, 07 Dec 2018 17:25:09 +0000
Prices for western Canadian oil continued to strengthen on Friday as markets adjusted to a plan by the Alberta government to eliminate a glut of oil that has plagued producers for months. After hitting highs of more than US$52 per barrel in October, the discount on Western Canadian Select bitumen-blend crude versus New York-traded West […]