Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. U.S. West Texas Intermediate (WTI) crude futures were at $54.58 per barrel at 0249 GMT, up 35 cents, or 0.7 percent, from their last settlement. WTI closed up 1.7 percent on Wednesday, when prices touched their highest since Nov. 21 at $54.93 a barrel. International Brent crude oil futures were up 52 cents, or 0.8 percent, at $62.17 per [Read more]
Archives for January 2019
Canadian-owned Irving Oil announces successful acquisition of Irish company Top Oil
SAINT JOHN, Jan. 31, 2019 /CNW/ - Canadian-owned Irving Oil announced today its acquisition of the Tedcastle group of companies, an Irish-based energy marketing and distribution organization, which operates under the brand name Top Oil. The agreement was announced in late summer, with the expectation that the transaction would close once all conditions of sale were met, including approval by the Competition and Consumer Protection Commission in Ireland. With the agreement finalized, Irving Oil [Read more]
Canadian Gas Dialogues – Calgary, April 23, 2019
Natural Gas World, in partnership with the Canadian Gas Association and the BOE Report, presents “Canadian Gas Dialogues”. The Canadian Gas Dialogues conference will take place in Calgary on April 23 and is designed to bring together the spectrum of stakeholders in the natural gas community for the exchange and sharing of insight and viewpoints on how we can collectively move forward the position of the industry in local, national and global communities. Main topics for discussion: Public [Read more]
U.S. and Canadian Indigenous groups want sea health study, marine traffic halt
VANCOUVER - Indigenous groups in Canada and the United States are calling for a study of how human activity has degraded the waters off British Columbia's coast before any new vessel traffic is allowed in the area, where port and pipeline activities are on the rise. Members of the Tsleil-Waututh Nation in B.C. and the Tulalip Tribes and Lummi Nation in Washington state say they want a halt to any more marine traffic in the Salish Sea until the impact study is complete. "We're [Read more]
Suncor Energy to release fourth quarter 2018 financial results
CALGARY, Alberta, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Suncor will release its fourth quarter financial results on Tuesday, February 5, 2019 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the fourth quarter will be held at 7:30 a.m. MT (9:30 a.m. ET) on Wednesday, February 6, 2019. Representing management will be Steve Williams, chief executive officer, Mark Little, president and chief operating officer and Alister Cowan, executive vice president and chief financial officer. A question [Read more]
Alberta to ease oil production cuts by 75,000 barrels per day
EDMONTON - Alberta Premier Rachel Notley says the province is easing mandatory oil production cuts as the value of oil increases. Last month, the province ordered production of raw crude oil and bitumen to be reduced by 325,000 barrels per day to deal with low prices. Notley says Alberta is allowing increased production in February and March by 75,000 barrels per day. Notley says the December decision has helped draw storage levels of oil down. The premier says Alberta is not out of [Read more]
Marathon Oil Corporation Declares Fourth Quarter 2018 Dividend
HOUSTON, Jan. 30, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 11, 2019, to stockholders of record on Feb. 20, 2019. For more information on Marathon Oil Corporation, visit the Company's website at https://www.marathonoil.com. Media Relations Contact:Lee Warren: 713-296-4103 Investor [Read more]
Capline Pipeline Company LLC announces Binding Open Season for Capline Reversal
FINDLAY, Ohio, Jan. 30, 2019 /PRNewswire/ -- Capline Pipeline Company LLC, a joint venture among the pipeline system's owners, announced today that a binding open season is underway to solicit shipper interest for the Capline system's southbound service from Patoka, Ill., to St. James, La. or Liberty, Miss., with an additional origination point at Cushing, Okla., as part of a joint tariff with Diamond pipeline. Capline is a 40-inch, 632-mile pipeline system extending from Patoka, Ill., to St. [Read more]
WATCH LIVE: Canada’s top industry associations’ presidents to discuss the importance of oil and natural gas in Alberta’s upcoming provincial election
Husky resumes oil production off Newfoundland following November spill
ST. JOHN'S, N.L. - Husky is resuming oil production work off Newfoundland, two months after operations were suspended following a spill of about 250,000 litres. The Canada-Newfoundland Offshore Petroleum Board gave Husky's plan to plug the failed flowline connector its seal of approval this week, along with several conditions. Production began to restart on Wednesday at a section of the White Rose oil field separate from the area where the spill originated in November. Key operations [Read more]
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