Encana’s Path Forward
President and CEO Doug Suttles refocused Encana Corp. after facing what he called “inconvenient facts.”
Black Bay Closes $224 Million Inaugural Fund Focused On Oilfield Services
Black Bay Energy Capital is a private-equity firm investing in the North American oilfield service sector focused on investments of up to $30 million.
Schlumberger CFO Simon Ayat Reportedly To Retire Soon
Company insider Stephane Biguet has emerged as top candidate to replace Schlumberger CFO Simon Ayat at the world's largest oil services firm, three people familiar with the matter told Reuters.
Pennsylvania Rejects Buckeye Plan To Partly Reverse Fuel Pipeline
The Pennsylvania Public Utility Commission on July 12 unanimously rejected a petition by Buckeye Partners to reverse a western portion of the Laurel product pipeline that connects Philadelphia area refiners to the Pittsburgh market.
Russia May Raise Oil Output To Tackle Deficit
Russian Energy Minister Alexander Novak also said that the war of tariffs between the U.S. and China have a negative impact on the global economy and boosted oil price volatility.
IEA Warns World's Oil Supply Cushion Could Be Stretched To The Limit
The IEA maintained its 2018 oil demand growth forecast at 1.4 million bbl/d in its monthly Oil Markets Report but warned that higher prices could dampen consumption.
Update: Brent Crude Oil Sees Biggest One-Day Fall In Two Years
The sell-off began early in the session after Libya's National Oil Co. said it would reopen ports which had been closed since late June.
OPEC Sees Surplus Returning As Demand For Its Oil Drops
OPEC predicts world demand for its crude will decline next year, which would also enable the group to deal with upside surprises, the group said in a monthly report.
Great White North Among Top Oil Producers
Despite transportation issues, Canada remains a top global producer.
Petrolia Energy Acquires Producing Interest In Canada
The acquisition consists of working interests in a total of 64 sections (approximately 41,526 acres) with 240 oil and 12 natural gas wells producing on the properties.