Both consumption and production of natural gas in the U.S. were the highest on record for the month of May in 2015 The Energy Information Administration (EIA) reported today that dry natural gas production was the highest ever recorded in the administration’s database. Consumption was the highest on record for the month, dating back to 2001, according to the EIA’s
Former self-described “radical environmental activist” Dr. Patrick Moore tells Oil & Gas 360® why he left Greenpeace: Teaching kids that humans are bad and that we are the enemies of the earth is an extremely self-defeating and scientifically incorrect concept The climate change movement is fueled by fear and fundraising Oil & Gas 360® interviewed Dr. Patrick Moore about his time
Rig count for the week ended July 31, 2015 The total number of rigs actively drilling for oil or natural gas in the United States declined this week to 874, down two from last week. The number of rigs drilling for oil increased again this week, while the number looking for gas slipped for a second week in a row,
Senate Committee on Energy and Natural Resources seeks to end crude export ban The U.S. Senate Committee on Energy and Natural Resources (ENR) passed a bill that would end the ban on the export of U.S. crude oil yesterday by a vote of 12-10, largely along party lines, reports Reuters. Now that the bill has made it through the ENR,
Bonavista Energy Corporation Announces 2015 Second Quarter Results Bonavista Energy Corporation (“Bonavista”) (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2015. Exceeding the mid-point of our guidance, second quarter production averaged 73,736 boe per day and funds from operations was $96.0 million ($0.44 per share), resulting in
Canadian Oil Sands’ Second Quarter Results Reflect Continued Progress on Syncrude’s Cost Reduction Efforts Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) All financial figures are unaudited, have been prepared in accordance with Canadian Generally Accepted Accounting Principles (“GAAP”) and are reported in Canadian dollars, unless otherwise noted. Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) (“COS”) reported cash flow
Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter earnings were $577 million and six months earnings were $194 million, both including the impact of a
TransCanada Reports Strong Second Quarter 2015 Financial Results TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for second quarter 2015 of $429 million or $0.60 per share compared to $416 million or $0.59 per share for the same period in 2014. Comparable earnings for second quarter 2015 were $397 million or $0.56 per share compared
Suncor Energy announces Q2 Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, unless noted otherwise.
Baytex Reports Q2 2015 Results Baytex Energy Corp. (“Baytex”) (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2015 (all amounts are in Canadian dollars unless otherwise noted). “Given the current low crude oil price environment, we remain focused on prudently managing our operations to maintain strong levels of financial liquidity. The execution
OPEC sees higher demand balancing markets OPEC Secretary General Abdalla Salem El-Badri said the organization does not expect prices to fall any lower as demand picks up in 2016 and continues to grow through the end of the decade. “The balance of supply and demand must be brought into line by the market,” said a joint statement from El-Badri and
Via Reuters Puerto Rico’s expected default on debt due Saturday would be the start to what could end up becoming one of the largest municipal restructurings, with the potential to open the door to a fight with investors and spark volatility in bond prices. Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island’s debt—totaling
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