CALGARY - Talisman Energy Inc. (TSX:TLM) says its net income was $491 million, or 47 cents per share, compared to a net loss of $213 million or 21 cents per share in the first quarter last year. The Calgary-based oil and gas producer credits higher gas and liquids prices in North America, increased liquids volumes and the sale of part of the company's Montney gas properties in B.C. for $1.5 billion Net income also improved over last quarter due to a reduction in impairment expenses, from [Read more]
Crude oil price little changed as traders await data on U.S. supplies
The price of oil was nearly unchanged Tuesday as traders waited for the latest data on U.S. supplies. Benchmark West Texas Intermediate crude for June delivery rose two cents to close at US$99.50 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international varieties of oil, fell 66 cents to US$107.06 on the ICE Futures exchange in London. Data for the week ended May 2 is expected to show an increase of 1.3 million barrels in U.S. crude oil stocks and a draw of [Read more]
Oil exports by rail ramping up, but still far eclipsed by pipeline movements
CALGARY - New National Energy Board data shows oil-by-rail exports have risen ninefold in less than two years, but they're still far eclipsed by volumes moving by pipeline.The energy regulator's figures show more than 146,000 barrels per day were exported on trains in the last three months of 2013, compared with just under 16,000 in the first three months of 2012.But in all of 2013, only about five per cent of Canada's 2.6 million barrels per day of crude oil exports moved by rail, according to [Read more]
G7 sends message to Russia at energy ministers meeting, says Canada’s Rickford
OTTAWA - A special meeting of G7 energy ministers says energy should not be used to coerce countries politically or threaten their security. Canada's new Natural Resources Minister Greg Rickford says the G7 communique is a political statement aimed at Russia. Rickford says his fellow ministers expressed extreme concern today over Russia's continued incursion into Ukraine. The G7 ministers were in the second day of a special meeting in Rome to look at ways to wean Europe off Russian [Read more]
Canada sees nine-fold jump in crude-by-rail exports over two years
VANCOUVER - There has been a nine-fold increase in Canada's oil-by-rail exports over the past two years.Data released by the National Energy Board says 15,980 barrels a day of crude were exported by rail in the first quarter of 2012.By the fourth quarter of 2013 — October to December of last year — that had increased to 146,047 barrels a day.Moving crude by rail has been on the rise, as production increases in the Alberta oil sands and oil pipeline proposals like Keystone XL and the Northern [Read more]
Supporters, opponents of Keystone XL oil pipeline from Canada jockey as US Senate vote nears
WASHINGTON - Supporters and opponents of the long-delayed Keystone XL oil pipeline from Canada jockeyed for position ahead of an expected U.S. Senate vote on legislation authorizing immediate construction of the project.An oil industry group that supports the pipeline launched a five-state ad campaign aimed at undecided senators, while an environmental group mobilized activists to urge lawmakers to vote against any attempt to force President Barack Obama to decide the pipeline's fate. Canada's [Read more]
Crude oil price falls slightly as data shows slowdown in Chinese manufacturing
NEW YORK - The price of oil fell slightly Monday after a report showed a fourth consecutive month of contraction in China's manufacturing sector.Benchmark West Texas Intermediate crude for June delivery fell 28 cents to close at US$99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to US$107.72 on the ICE Futures exchange in London.Oil prices were kept in check by new data pointing to a continuing slowdown in China, the world's second-largest economy, [Read more]
B.C., Petronas sign LNG intent letter seeking ‘certainty of costs’
VICTORIA - British Columbia's government and Malaysian energy giant Petronas have signed a letter of intent that could lead to a final investment decision this year on building a multibillion liquefied natural gas project in the Prince Rupert area.The letter calls for the government and Petronas to negotiate a project development agreement by November of this year.Premier Christy Clark, who is travelling in Malaysia on an LNG trade mission, signed the letter of intent along with Petronas [Read more]
Nova Scotia offshore board issues exploration bids for parcels on Scotian Slope
HALIFAX - The Canada-Nova Scotia Offshore Petroleum Board has issued a call for exploration bids on four parcels of the Scotian Slope.The slope area lies in water that extends 850 kilometres from the United States international border in the southwest, to the Newfoundland provincial border in the northeast.The board says the four parcels, which have potential for both oil and gas, are found at depths between 100 metres and 4,100 metres.Parcels one and two are in the western area and extend from [Read more]
Oil climbs as Ukraine tensions overshadow China slowdown report
The price of oil climbed above US$100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China's manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at 3:25 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents to settle at $99.76 on Friday. Brent crude, a benchmark for international varieties of oil, gained 11 cents to $108.70 on the ICE exchange in London. Violence [Read more]
- « Previous Page
- 1
- …
- 421
- 422
- 423
- 424
- 425
- …
- 487
- Next Page »