Sunday, August 23, 2026

Natural Gas Threatened in New Brunswick: Enbridge Exec

From CBC News Natural gas may not survive in the province if it is subjected to ongoing fierce price competition like it is currently enduring from propane, the head of Enbridge Gas New Brunswick suggested on Tuesday. Enbridge New Brunswick general manager Gilles Volpé says propane retailers have poached more than 200 large natural gas customers in the past year.  “At some point,

Total: Costs Unacceptably High in Oil and Gas

From Reuters EuroNews PAU, France (Reuters) – Oil and gas companies must make further serious cost cuts and should work together to generate further savings to weather the current difficult downturn, Total’s <TOTF.PA> executive Arnaud Breuillac said on Tuesday. Costs are still unacceptably high and cost reduction was necessary to sustain businesses, Breuillac, President for Exploration & Production at the

Signs point to deal on oil output: Kuwait OPEC official, sources

From Reuters: All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait’s OPEC governor and two sources said, suggesting Iran’s aim to raise supply will not scupper a deal aimed at supporting prices. The Kuwaiti governor, Nawal Al-Fuzaia, also said in a speech at the country’s oil ministry that she expected

A report card on reserves at Canadian oil and gas producers

From The Globe and Mail: This report includes our annual summary of key reserve metrics and performance measures over 2015, highlighting the relative performance of the companies in our coverage universe and select non-covered peers. We continue to favour the lower cost, efficient operators in our coverage universe and those with balance sheets capable of capitalizing on accretive M&A or

China firm wins Myanmar approval for $3 bln refinery

From Reuters: Chinese state-controlled commodity trader Guangdong Zhenrong Energy Co has won approval from the Myanmar government to build a long-planned $3 billion refinery in the Southeast Asian nation in partnership with local parties including the energy ministry, company executives said on Tuesday. The project, which also includes an oil terminal, storage and distribution facilities, would be one of the