TC Energy's Keystone Oil Pipeline Offline Due to Operational Issues, Sources Say

TC Energy's Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the U.S.

Ecopetrol, Occidental Permian JV Generating Positive Results

Ecopetrol SA's joint venture with Occidental Petroleum in the Permian continues to generate outstanding operational and financial results for the Colombian state-owned energy giant.

Enbridge Announces $500MM Investment in Gulf Coast Facilities

Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.

Uinta Basin: 50% More Oil for Twice the Proppant

The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.

Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1

Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.

The Secret to Record US Oil Output? Drilling Efficiencies—EIA

Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.

What's Affecting Oil Prices This Week? (March 4, 2024)

For the upcoming week, Stratas Advisors expect the price of Brent will move sideways and will struggle to break through $85.

Canadian Natural Resources Boosting Production in Oil Sands

Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.

Oil Rises After OPEC+ Extends Output Cuts

Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.

Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest

Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.