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Shortage of Heavy Oil Is Proving to Be a Boon for OPEC

The scrum to replace Russian supply is sparking bumper premiums for Middle Eastern crude. Bloomberg News Right now in the crude market there are two contrasting stories. For the grades that underpin Brent and West Texas Intermediate futures, things aren’t looking great. Refineries in Europe and the US are entering an annual period of maintenance that acts …

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Trump Vows Completion of Constitution Pipeline For New Yorkers

  President Donald Trump vowed to complete the long-stalled Constitution Pipeline that would transport natural gas to New York, saying it could slash energy prices in northeastern US states by as much as 70%. “We are going to get this done, and once we start construction, we’re looking at anywhere from nine to 12 months, if you …

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New Life for Gas Turbines: Tarco and MDS Jointly Offer Innovative Solutions

Tarco Consulting Inc. and MDS Aero Support Corporation have combined their strengths to deliver life-extending turnkey solutions for industrial gas turbine operators. This collaboration addresses key concerns such as age-related degradation, obsolescence, and the growing need for modernization, all while providing advanced solutions to improve the efficiency and reliability of critical equipment. The energy industry …

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Clarity and Compliance for Pipeline & Storage Made Simple

In the dynamic world of energy production, staying ahead of evolving market needs while maintaining North American Energy Standards Board [NAESB], The Federal Energy Regulatory Commission [FERC], and Canada Energy Regulator [CER] regulatory compliance can be a challenge for pipeline operators. Here are some common hurdles: Regulatory Complexity: The energy sector is heavily regulated, with …

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Oil Settles Lower, Supply Worries Ease on Hopes for Ukraine Peace Deal

• US reciprocal tariff recommendations expected in April • Ukraine peace talks could pave way for Russia sanctions easing • US can apply maximum economic pressure on Iran, Treasury Secretary says • US oil and natural gas rig count rose for a third week in a row NEW YORK, Feb 14 (Reuters) – Oil prices …

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ConocoPhillips Receives Exemptive Relief From Canadian Securities Regulatory Authorities Regarding Future Canadian Filings

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) (the “Company”) announced today that the Company has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The Company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corporation in November 2024, which made the Company subject to Canadian continuous disclosure …

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US Drillers Add Oil and Gas Rigs for Third Week in a Row – Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, 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 two …

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