Venezuela will be "turning over" 30 to 50 million barrels of sanctioned oil to the United States, President Donald Trump said on Tuesday in the aftermath of the toppling of Nicolas Maduro who was seized from his country by U.S. forces over the weekend. "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Trump said in a social media [Read more]
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Eby pitches ‘pivot’ from oil pipeline to refinery talks after Maduro capture
VANCOUVER - British Columbia Premier David Eby said Canada needs to "pivot" from talk of a potential new pipeline carrying oil bound for Asia and instead think about building a new refinery. Eby said Tuesday that if tax dollars are being considered to build a pipeline to B.C.'s northern coast, the money would be better spent supporting oil and gas products made in Canada rather than being relying on American and Chinese refineries. The premier's comments come after Venezuelan President [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jan. 6 Corporate Counsel PetroChina Canada Calgary Jan. 6 Gas Plant Operator (15/13, camp) Roska DBO Fort St John Jan. 6 Field Operator (14/14 or 7/7 [Read more]
Central hub for a northwest coast oil pipeline
Alberta’s government launches a webpage dedicated to a proposed pipeline to the northwest coast. On this page: Quick facts Related information This pipeline has the potential to transform Canada into a global energy superpower. However, the road to shovels in the ground is a long one and this new website will act as a central hub for project information and updates, ensuring transparency and open dialogue. The new website includes information for all people [Read more]
Western Canada Select widens again; Venezuela impact likely limited for now, analysts say
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Tuesday, but analysts said Canadian heavy crude is unlikely to be significantly impacted in the short-term by the situation in Venezuela. WCS for February delivery in Hardisty, Alberta, settled at $13.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13.55 on Monday. Analysts and traders are assessing the potential for further weakening, but so [Read more]
Trump to meet oil companies at White House about Venezuela
U.S. President Donald Trump will meet with oil company executives at the White House late this week to discuss ways to revive Venezuela's tattered oil sector, according to three sources familiar with the matter. Two of the sources told Reuters the meeting was likely to happen on Friday. It was not immediately clear who would attend. The White House did not have an immediate comment on the matter. Raising crude output from Venezuela, which sits on the world's largest oil reserves, is a [Read more]
Alberta launches website for potential new West Coast oil pipeline
CALGARY - The Alberta government has launched a website for the bitumen pipeline it wants to see built to the northwest B.C. coast. It says the page will act as a central hub for project information and updates to ensure transparency and open dialogue. It includes a section dedicated to debunking myths, such as that construction has begun, the province is paying for the project and that a route has been decided. In October, the province announced it would spend $14 million on early [Read more]
Five ways U.S. intervention in Venezuela could affect Canada
OTTAWA - U.S. President Donald Trump stunned the world on the weekend by ordering a military raid on the Venezuelan capital, capturing President Nicolas Maduro and bringing him to New York to face charges. The move has challenged international law and could drastically reshape the situation in Venezuela, where violent repression and economic mismanagement — together with Western sanctions — have driven a migration crisis across North and South America. Here's how these drastic changes [Read more]
Venezuela, US in talks to export Venezuelan oil to US, sources say
Venezuelan and U.S. officials are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday. Venezuela has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship due to a blockade on exports imposed by U.S. President Donald Trump since mid-December. The blockade was part of rising U.S. pressure on the government of Venezuelan President Nicolas Maduro that culminated in [Read more]
Trump administration says there are ways US can lift Venezuelan oil output quickly
The Trump administration on Tuesday dismissed analysts' estimates that it would take years to ramp up Venezuela's crude production, saying there were ways to quickly boost the country’s oil sector. Raising crude output from the South American nation, which sits on the world’s largest oil reserves, is a top objective for President Donald Trump after U.S. forces seized Venezuela's leader, Nicolas Maduro, in a raid on its capital Caracas on Saturday. The country’s exports have fallen to below 1 [Read more]
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