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The facts about one of Canada’s biggest industries By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of an oil sands SAGD production well pad in northern Alberta. Photo supplied to the Canadian Energy Centre Alberta’s oil sands sector is one of Canada’s most important …
(Reuters) – The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks to take advantage of relatively low oil prices to help replenish the stockpile. The previous administration of former President Joe Biden sold record amounts …
US Seeks 1 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
(Reuters) – Ananym Capital would like to see energy and technolgy company Baker Hughes spin out its oil field services and equipment business, arguing such a step could help push up the stock price by at least 60%. “That’s our preferred path based on our analysis,” Ananym co-founder Charlie Penner said on Tuesday at the …
Ananym Suggests Baker Hughes Spin Out Its Oil Services Equipment Business Read More »
By Tanay Dhumal Oct 21 (Reuters) – Halliburton (HAL.N) said on Tuesday it expected international oilfield revenue to rise in the fourth quarter as overall drilling activity remained steady, while projecting $400 million in annual savings from its cost-cutting measures. Shares of the company, the third-largest global oilfield services company by revenue, jumped 9%, aided …
Halliburton Upbeat on International Demand; Cost Cuts to Save $400 Million Annually Read More »
Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation …
Halliburton Beats Quarterly Profit Estimates on Steady North America Drilling Demand Read More »
By Julian Lee A flotilla of crude oil on the world’s oceans expanded to a fresh high as producer nations keep adding barrels and the tankers sail further for deliveries. A total of 1.24 billion barrels of crude and condensate, a light form of oil recovered from gas fields, was moving on tankers in the …
Oil’s Billion-Barrel Sea Surplus Expands as Output Swells Read More »
Ron Bousso Summary Trump says India pledged to cut Russian crude imports India bought 40% of Russian crude exports so far in 2025 Halting purchases will hurt Moscow, but is unlikely to cut its exports (Reuters) – Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital …
Trump’s India Squeeze to Push Russian Oil Further into the Shadows Read More »
Summary Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand (Reuters) – Oil prices managed small gains on Friday but still were part of a weekly loss of nearly 3% after the IEA forecast …
Oil Posts Weekly Loss on Uncertainty Over Global Supply Outlook Read More »
By Erwin Seba Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand HOUSTON, Oct 17 (Reuters) – Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% …
Oil Set for Weekly Loss as Global Conflicts Ease, Signs of Glut Emerge Read More »
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, 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 one to 548 in the week to October 17. Despite …
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says Read More »
