Category Archives: Oil

Hebron platform heading out to sea Saturday – Newfoundland & Labrador – CBC News

The weather is finally right for the Hebron oil platform to begin its journey to offshore Newfoundland. Source: Hebron platform heading out to sea Saturday – Newfoundland & Labrador – CBC News

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Trump repeal of Obama energy regulation signals more to come

WASHINGTON (Bloomberg) — President Donald Trump has overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law … Continue reading

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Saudi Arabia can’t afford low oil prices

Low oil prices means that Saudi Arabia can’t afford to pay its workers, and may soon run out of cash. Source: Saudi Arabia can’t afford low oil prices

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R.I.P. OPEC: 1960-2016 — The Motley Fool

Author writes about the increasing irrelevance of OPEC.. After another failure to agree on a coordinated oil policy, it’s clear that the OPEC we once knew has ceased to exist. Source: R.I.P. OPEC: 1960-2016 — The Motley Fool

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Canada Fire Deals Staggering Blow to Oil Sands Industry and Economy – The New York Times

Companies either curbed production or shut down completely when the blaze struck Fort McMurray, Alberta, in an economic setback to the region. Source: Canada Fire Deals Staggering Blow to Oil Sands Industry and Economy – The New York Times

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Saudi Arabia shrinks as America works to wean itself from Middle East oil

According to the U.S. Energy Information Administration, Canada’s exports to the U.S. have doubled to 1.37 billion barrels, while the amount sent over from both Saudi Arabia and Iraq have dropped substantially

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A Thatcherite revolution | econoimist.com

A Thatcherite revolution All latest updates Saudi Arabia is considering an IPO of Aramco, probably the world’s most valuable company The biggest oil of all Jan 7th 2016 | Middle East and Africa SAUDI ARABIA is thinking about listing shares … Continue reading

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Methane leak in California a ‘major catastrophe’ – World – CBC News

The methane leak in California is being labelled a ‘major catastrophe.’ Some believe it’s the largest ever recorded and the company says it could take 4 months to stop. Source: Methane leak in California a ‘major catastrophe’ – World – … Continue reading

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Oil headed for biggest weekly gain in four months

Oil in New York is headed for its biggest weekly gain in more than four months after U.S. crude inventories declined and the number of drilling rigs fell. West Texas Intermediate futures are up 9.6 per cent this week, the … Continue reading

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