New Flyer introduces Connect 360(TM): a real-time smart analytics reporting platform to enhance battery-electric bus operation, intelligence, and efficiency
February cuts will be at same level as January Alberta is holding course on its production cut plan even though the program has already achieved one of its primary goals, based on a release today. The province’s production cut plan requires all major oil companies to cut output, starting January. The cuts are intended to fade away over time, with
E&P companies account for 67% of 2018 bankruptcies Energy attorneys Haynes and Boone have released the firm’s updated list of oil and gas bankruptcies, detailing how the continuing downcycle has affected companies. While oil prices were robust for much of the year, this did not save companies from falling into bankruptcy in 2018. A total of 43 oil and gas
From Reuters EPIC Crude Pipeline LP said the projected third-quarter start-up of its crude pipeline from the Permian basin to Corpus Christi, Texas is in “some jeopardy” after U.S. regulators delayed action on its petition to set initial tariff rates. The San Antonio, Texas, based company said in a letter to U.S. Federal Energy Regulatory Commission dated Jan. 8 that
CARBO Schedules Fourth Quarter and Year End 2018 Earnings Call for January 31, 2019
Parex Tests a Combined 3,800 bopd from the Andina-2 Guadalupe Formation
Velan Inc. Reports Its Third Quarter 2018/19 Financial Results
From Reuters Norway’s oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years, the country’s oil industry regulator said on Thursday. Investment in Western Europe’s largest oil producer and Europe’s second-largest gas producer, behind Russia, is surging after a decline due to the slump in
From Bloomberg BP Plc and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start. The British oil major intends to drill six new exploration wells in the country by 2020, according to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey. If his expectations are met,
From Bloomberg A truce was reached in a dispute over a natural gas pipeline in western Canada, easing tensions for now as government leaders remain wary of intervening on the side of either the company or indigenous protesters. Hereditary leaders of the Wet’suwet’en First Nation in British Columbia reached a tentative deal with police late Wednesday to effectively allow work
From Bloomberg Saudi Aramco plans to tap the debt market in the second quarter to finance the acquisition of petrochemical giant Sabic, likely issuing its first ever international bond and disclosing its accounts in the process. Saudi Arabian Energy Minister Khalid Al-Falih revealed the plan on Wednesday in Riyadh, adding the company wanted flexibility in funding the Sabic deal, which
From The Wall Street Journal Mexico faced a mounting crisis on Wednesday as gasoline shortages spread across the country after the government closed several key fuel pipelines to prevent theft by organized crime groups. Mexican President Andrés Manuel López Obrador on Wednesday urged motorists to avoid filling up their cars if possible, as the gasoline shortage spread to the nation’s
