Canada’s Alberta temporarily tweaks environmental liability for oil sands mines

BOE Report

The province of Alberta said on Thursday it will allow oil sands mining companies to change how they calculate environmental liabilities this year, to take into account the wild swings of 2020, when oil prices turned negative.

Producers …

Oil prices set for weekly gain despite India virus surge

Reuters

U.S. rig count increased by 8 this week, at 448

Oil and Gas 360

This week’s Baker Hughes rig count shows that U.S. had an increase of  8 over last week, resulting in a total count of 448 rigs. Canada had an increase of 4 over last week, resulting in …

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension

Reuters

Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project.

The pipeline was planned to carry …

Registration is open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado

EnerCom’s 26^th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021.

DENVER – May 4, 2021 (PR Newswire) Institutional investors, portfolio managers, …

BP Midstream offshore pipeline volumes rise 12%, onshore levels lag in first quarter

Reuters

NEW YORK – BP Midstream Partners LP BPMP.N offshore pipeline volumes increased by 12% in the first financial quarter, but onshore oil and refined products pipeline demand lagged, company executives said on Thursday.

Overall, the amount of crude oil …