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U.S. Oil Companies, Energy Investors ‘Looking at Canada Again’ Amid Flurry of Deals

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

Baytex Energy announced the sale of its U.S. shale operations for $3.25 billion last week By Meghan Potkins Original: financialpost.com/news/us-oil-companies-energy-investors-canada-deals A flurry of recent deals in the Canadian oilpatch that caught the interest of U.S. producers and private capital is fuelling speculation about a revival of foreign investment in Canada’s perennially unloved energy sector. Calgary-based …

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Oil Prices Settle Down at Lowest in a Month as US Seeks Russia-Ukraine Peace Deal

Conventional Energy, Latest, Oil, US News / By

Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, …

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

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(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 September, 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 five to …

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North Dakota Frac Crew Count Slips to 10 in October, State Regulator Says

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Oil, US News / By

(Reuters) – HOUSTON, Nov 21 – There are 10 hydraulic fracturing crews operating in North Dakota, down from 13 in October, the state regulator said on Friday, as weak oil prices push operators to put the brakes on activity. “This is seasonal however I do believe that some of the reduction there is related to …

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UAE to Invest up to $50 Billion in Canada in Industries Such as AI, Energy

Artificial Inteligence, CDN and International News, Energy Topics & Technology, Latest, LNG, Oil / By

The United Arab Emirates said on Friday it will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy, and mining sectors. The UAE has been looking to expand its energy investments abroad, especially through its recently launched firm XRG, the foreign investment arm of Abu Dhabi’s oil …

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COPPING OUT: COP30 Climate Summit Set for Last-Gasp Showdown Over Fossil Fuels and Finance

CDN and International News, Latest, Natural Gas, Oil / By

The COP30 climate summit was headed for a showdown on Friday over the future of fossil fuels after hosts Brazil dropped efforts to develop a global plan to shift away from oil, gas and coal from its proposed deal. A draft text for a deal for this year’s U.N. climate summit, released before dawn on …

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Shale Rigs Idle, Layoffs Rise as $60 Oil Tests Resilience of Permian

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Summary Permian Basin starts to show economic strain as oil prices hover around $60 Trump’s tariffs are pushing costs higher, eating into profitability Local businesses and employment suffer amid industry downturn Reuters) – At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn’t know that if you talked …

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Shale Oil’s Next Revolution Should Worry OPEC – Javier Blas

Conventional Energy, Latest, Oil, US News / By

By Javier Blas Even after years of technological breakthroughs, the shale industry still leaves most of the oil underground. At best, American drillers siphon away 15% to 10% of what’s potentially available; the rest has remained thousands of feet under the surface. Until now. The next phase of the revolution — call it shale 4.0 …

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Trump Plan Targets Florida, California for Coastal Oil Drilling

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

By Ari Natter The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, the Interior Department is proposing as many as 34 offshore lease sales …

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Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures

Conventional Energy, Latest, Oil, US News / By

By Mayela Armas CARACAS, Nov 20 (Reuters) – Venezuela’s National Assembly on Thursday approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia’s Roszarubezhneft that operate two oilfields in the South American country’s western region, according to a session broadcast on TV. The partnerships may continue operating the …

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