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February 21, 2024

Trans Mountain expansion may not give long-term price relief to Canada’s booming oil output- oil and gas 360

Trans Mountain expansion may not give long-term price relief to Canada’s booming oil output

February 21, 2024

BOE Report Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country’s pipeline capacity in just a few years. TMX will ship an extra 590,000 barrels per day (bpd) of crude, trebling existing

Canadian oil and gas companies relinquish all Pacific Coast permits- oil and gas 360

Canadian oil and gas companies relinquish all Pacific Coast permits

February 21, 2024

Oil Price Canada is celebrating a milestone as oil and gas companies have now voluntarily relinquished the last remaining permits for oil and gas exploration and development off its Pacific Coast. Canada has a federal moratorium on all offshore oil and gas activities on its West Coast in place since 1972, following a provincial moratorium by British Columbia on oil

Tumbling US natural gas prices prove unstoppable, hurting producers- oil and gas 360

Tumbling US natural gas prices prove unstoppable, hurting producers

February 21, 2024

Nasdaq BRIDGEPORT, Texas – For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies. In the oil versus gas contest, gas producers are losing out. Some are shutting in wells, canceling projects or selling

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