Although the IEA did not lower its annual oil demand expectations, the group noted growth could cool down later this year if trade tensions between U.S.-China escalate.
Production out of western Canada may slow down along with infrastructure development, but IHS Markit forecasts a bright future.
The company’s in-pit extraction process eliminates tailings ponds, reduces greenhouse gas emissions and reduces operating costs.
Encana Corp. blew past analysts’ estimates for quarterly profit on August 1, as the oil and gas producer benefited from rising shale oil production in the Permian Basin, where it operates one of its biggest oil fields.
Uncertainty about takeaway capacity looms over further investment decisions.
The oil group’s central message has not changed but how it communicates has, says CEO Darren Woods.
Precision Drilling Corp. has appointed Shuja Goraya as chief technology officer and Darren Ruhr as chief administrative officer, the company said on July 25.
Iran has come under increasing U.S. pressure, with the administration of President Donald Trump pushing countries to cut all imports of Iranian oil from November.
TGS has expanded its 2018 onshore seismic survey Dawson Phase II in Canada, the company said July 20.
Baker Hughes agreed to sell in separate transactions its NGS product line to private-equity firm First Reserve and the product line’s Talamona branch in Italy to Pietro Fiorentini.