CALGARY - TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a rupture that occurred earlier this week. The Calgary-based pipeline company says it made the decision to reduce pressure on the segment out of an "abundance of caution," and in consultation with the Canada Energy Regulator. The rupture that occurred on a section of the NGTL natural gas pipeline system on Tuesday sparked a [Read more]
Headlines
Week in Review – Stock gainers/fallers and most read articles
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Highwood Asset Management HAM.V 17.54% Spartan Delta [Read more]
US drillers add oil and gas rigs for first time in five weeks – Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19. Despite this week's rig increase, Baker Hughes said the total count was still down 134, or 18%, from this time last year. Baker Hughes said oil rigs rose 5 to 511 this week, their highest since September, while gas [Read more]
Alberta municipalities, farmers agree to cut water use as drought persists
Municipalities and irrigation districts in the western Canadian province of Alberta have agreed to use less water this summer to combat a severe ongoing drought, the provincial government said on Friday. Environment Minister Rebecca Schulz said water license holders had signed news memorandums of understanding covering four river basins in the southern half of the province. Alberta, which produces most of Canada's oil, natural gas and beef, plus big wheat and canola harvests, opened [Read more]
Jet fuel demand growth lags as air traffic exceeds pre-pandemic level
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil's post-pandemic bonanza, accounting for almost half the increase in total oil demand, according to the International Energy Agency (IEA). That makes jet fuel's pace of growth [Read more]
Canadian Rig Count Summary – Active rig count drops to 116
Canada’s active rig count came in at 116 this morning, 2 rig fewer than last Friday. Albertan rig activity held steady at 92, ending a counter-trend string of small weekly increases. Saskatchewan’s rig count was unchanged also, remaining at 3, while BC’s active rig count fell from 23 to 21. This is the third consecutive week in which BC's rig count has declined, suggesting the spring breakup isn't over yet. With respect to target commodities, the number of oil rigs decreased from 56 to 55 [Read more]
Iran oil sanctions in US aid package for Ukraine
U.S. lawmakers have tucked sanctions on Iran's oil exports in the House of Representatives' aid package for Ukraine, Israel and the Indo-Pacific after Tehran's missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President Joe Biden and then implemented and enforced, the measures could eventually impact Iran's oil exports. Exactly when is unclear since the measures are still being debated and give the U.S. president waiver powers. The [Read more]
Shell’s value gap is more strategy than geography
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen LONDON, April 19 (Reuters Breakingviews) - It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his mission to close the $230 billion oil giant’s valuation gap with U.S. rivals like Exxon Mobil. If his efforts fail to produce results by 2025, [Read more]
US restricts drilling and mining in Alaska wilderness, angering state leaders
The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources, but pleasing environmentalists. The measures are aligned with President Joe Biden's efforts to rein in oil and gas activities on public lands and conserve 30% of U.S. lands and waters to combat climate change. The Interior Department finalized a regulation to block oil and gas [Read more]
Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran
Oil prices jumped $3 a barrel on Friday in reaction to unconfirmed reports on X that explosions had occurred in Iran, sparking concerns that Middle East oil supply could be disrupted. Brent futures jumped $3.03, or 3.5%, to $90.14 a barrel by 0147 GMT, and U.S. West Texas Intermediate crude rose $3.03, or 3.7%, to $85.76 per barrel. "There are some unconfirmed reports of explosions in the Middle East," ING's head of commodity research, Warren Patterson, said. The reports have sparked [Read more]
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 2781
- Next Page »