Friday, May 16, 2025

Hefty maintenance schedule looms for Canada oil sands producers

From The Globe and Mail Canada’s biggest oil sands producers, which have stubbornly resisted halting output even as the price of their crude hits record lows, are planning a higher-than-normal maintenance schedule this year. The move is seen temporarily curbing supply in the second and third quarters, which should lift crude prices in the region and give producers a respite

Schlumberger: “Significant Recovery” will not occur Until 2017

Thwarted by Oil Market, SLB Posts first Quarterly Loss in More than a Decade Fourth quarter earnings season is officially underway, and, expectedly, Schlumberger (ticker: SLB) opened up the forum with a not-so-pleasant outlook on the oil and gas market. Paal Kibsgaard, Chairman and Chief Executive Officer of the world’s largest oilservice company, essentially echoed all of the problems that