A three-year pilot project that produced Alberta oil sands bitumen with no water and resulted in low emissions has been dubbed a success by the company leading it.
EOG Resources has increased its capital expenditure for 2017 as it benefits from lower costs and higher prices. Announcing its full-year 2016 results on February 27, the company said it had...
ConocoPhillips has taken a major write-down on its Canadian oil sands reserves as a result of lower prices. At the end of 2015, proven undeveloped reserves were 3.02 billion barrels. By the end of...
The almost C$2 billion (US$1.5 billion) price hike at Suncor Energy’s Fort Hills oil sands project is a result of construction delays triggered by the 2016 wildfires as well as changes in its...
Parsley Energy has entered into an agreement with Double Eagle Energy Permian to acquire undeveloped acreage and producing properties in West Texas’ Permian Basin. The acquisition follows the...
Canada’s National Energy Board (NEB) is restarting the regulatory review of TransCanada’s Energy East pipeline, further delaying the project.
BP has begun production at its Thunder Horse South expansion project ahead of schedule and under budget. The move is one of several in a series of efforts to expand BP’s production in the US Gulf...
Hess has announced that it is increasing its capital and exploration budget for 2017. The New York-based independent said on January 12 that its capital expenditure budget for the year totalled US...
W&T Offshore has announced the discovery of new, deeper reservoirs at the Mahogany field in the US Gulf of Mexico.
Norway’s Statoil has said it is exiting Canada’s oil sands with the sale of assets, as it continues efforts to streamline its portfolio.
Oklahoma City-based Chesapeake Energy is selling part of its Haynesville shale assets in Louisiana as part of the company’s ongoing push to shore up its balance sheet.
On November 28, Denver-headquartered Centennial Resource Development announced that it was acquiring oil and gas assets in Reeves County, Texas from Silverback Exploration for US$855 million.
The small-scale Woodfibre LNG project near Squamish has become the first in British Columbia to receive the go-ahead for construction from its backers.
Occidental Petroleum has bought more acreage in the Permian Basin, whilst also buying into more enhanced oil recovery (EOR) properties in the area. Oxy announced the deal on October 31, a day...
The Canadian National Energy Board (NEB) has predicted that the country’s oil and natural gas production will continue to rise for the next 30 years, but at a slower rate than previously forecast...
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