Bakken Crude Strengthens As Canada Seeks Output Cut
Bakken crude differentials firmed on Dec. 3 to the strongest level in a month, moving alongside rising Canadian prices after Alberta officials mandated oil-production cuts over the weekend, traders said.
OPEC Works Toward Production Cuts; Still Needs Russia On Board
OPEC and its allies are working towards a deal this week to reduce oil output, sources say, adding that Russia's resistance to a major cut was so far the main stumbling block.
LNG Canada Gets Another Buyer As Vitol Inks Supply Deal With Petronas
LNG Canada, the $30 billion LNG export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol.
Husky Assesses Damage After Oil Spill Curbs Canadian Offshore Production
Underwater surveys began on Nov. 19 after an oil spill off Canada's Atlantic coast as Husky Energy Inc. and government agencies assessed a leak that temporarily shut down all crude production in the waters of Newfoundland & Labrador.
US Targets Iranian-Russian Network Over Syrian Oil Shipments
U.S. officials said Russia facilitated the delivery of oil from Iran to Syria, and that a variety of mechanisms were used in an attempt to conceal the shipments and oil-related payments.
Insight: Technology Is A Tool; People Make It Work
Oil and gas companies must develop, recruit and nurture digital leaders.
What’s Affecting Oil Prices This Week (Nov. 19, 2018)?
Stratas Advisors expect Brent oil prices to average $66 a barrel this week, partly benefiting from a slow trading week in the U.S. due to the Thanksgiving holiday.
TransGlobe Energy Corporation Announces Test Results For Oil Discovery In Egypt
TransGlobe Energy Corporation has announced the test results for the South Ghazalat 6X oil discovery.
HEADLINES: Oil Prices’ Bumpy Ride
Meanwhile, natural gas prices made a spectacular climb plus OPEC considers production cuts, TransCanada reviews Keystone XL decision and Weatherford stock drops below $1.
New Design Answers The Call For More Horsepower, More Speed
A new land rig design offers shale drillers 2,000-hp drawworks and reduced footprint.