Vastly slower U.S. oil growth this year and the prospect of a plateau for the world's top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Spending cuts and production declines common to shale wells mean U.S. output growth is expected to brake from 2019's pace that pushed domestic production past 13 million barrels per day (bpd). Some analyst forecasts for next year call for growth to slow, potentially to a rate of just 100,000 new [Read more]
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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 Dec. 30 Night Shift Battery Operator Roska DBO Grande Prairie Dec. 27 May 2020 - Law Student Opportunities TC Energy Calgary Dec. 27 May 2020 - [Read more]
NorthRiver Midstream acquires Enbridge’s Canadian midstream business
CALGARY, Dec. 31, 2019 /CNW/ - Today, NorthRiver Midstream closed the final stage of the previously-announced transaction and assumed operation of the remaining assets of Enbridge's Canadian midstream business. "With the strategic location of our operations across the Montney basin in British Columbia and Alberta, and the backing of a committed Canadian owner in Brookfield Infrastructure, NorthRiver Midstream is built on an asset base that creates a robust platform for growth," said Brandon [Read more]
Enbridge Closes the Federally Regulated Portion of the Previously Announced Sale of Natural Gas Gathering & Processing Assets in Northern British Columbia to Brookfield Infrastructure
CALGARY - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) today announced the closing of the agreement through which Enbridge has sold a number of federally-regulated natural gas gathering and processing assets in British Columbia ("G&P Business") to Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) and its institutional partners (collectively, "Brookfield"). These federally-regulated assets represent the second phase of the $4.3 B transaction, previously announced on July 4, [Read more]
U.S. natgas futures end 2019 down 26%, biggest yearly decline since 2014
U.S. natural gas futures were nearly steady on Tuesday in line with weather forecasts, but the market finished 2019 with its biggest annual decline since 2014. The contract posted a yearly fall of 25.5%, after ending 2018 nearly unchanged. It was one of the biggest decliners among commodities in 2019. For the month, natural gas futures fell about 4%, their second straight monthly loss. Front-month gas futures for February delivery on the New York Mercantile Exchange were up 0.3 cent, or [Read more]
Oil prices edge down but set for biggest yearly rise since 2016
Oil prices edged lower on the final day of the year on Tuesday, but were on track for their biggest annual rise since 2016, supported by a thaw in U.S.-China trade dispute and ongoing supply cuts. West Texas Intermediate (WTI) crude futures sank 89 cents to $60.76 a barrel. Brent crude futures were at $65.74 a barrel, down 88 cents, or 1.35%. The international benchmark has risen around 27% in 2019. Brent has gained about 24% in 2019 and WTI has risen roughly 36% for the year. Both [Read more]
Kenney takes blowtorch to NDP policies in 2019, aims for jobs progress in 2020
EDMONTON - In 2019, Alberta Premier Jason Kenney made good on his promise to take a blowtorch to core policies enacted by the former NDP government. In 2020, the goal of the United Conservative Party leader will be to get traction on his signature promises to bring in more jobs, boost the economy, get more pipelines going and balance the books in three years. He'll need to do it as Albertans grapple with higher costs for tuition, school and municipal fees flowing from Kenney's [Read more]
U.S. LNG exports soar in 2019 but supply glut may await in 2020
U.S. exporters of liquefied natural gas (LNG) head into 2020 after a record year that saw exports soar by more than 60%, but growing concerns about weakened demand and heavy competition could act as headwinds in the coming year. Four new liquefaction trains - the common term for a shipping facility - entered service this year in the United States. The U.S. is on track to become the biggest global LNG exporter by 2024. LNG is seen as an alternative for Asian countries that have relied on [Read more]
Exxon acquires over 1.7 mln exploration acreage offshore Egypt
Exxon Mobil Corp said on Monday it had acquired more than 1.7 million acres for exploration offshore Egypt, strengthening its portfolio in the eastern Mediterranean.Operations at the 1.2 million North Marakia Offshore block located about five miles offshore Egypt's northern coast, and 543,000 acres in the North East El Amriya Offshore block in the Nile Delta are scheduled to begin in 2020. Exxon marked its foray into gas exploration in Egypt by winning awards in one of the [Read more]
Oil edges up on trade optimism, eyes on MidEast tensions
Oil prices traded at three-month highs on Monday, underpinned by optimism over an expected U.S-China trade deal, while traders kept a close eye on the Middle East following a U.S. air strike. Markets showed little initial reaction to news of the U.S. strikes in Iraq and Syria against an Iran-backed militia group, even as U.S. officials warned "additional actions" may be taken. West Texas Intermediate (WTI) crude futures edged up 5 cents to $61.77 a barrel by 0529 GMT. The U.S. benchmark is [Read more]