Post Tagged with: "Canada"

U.S. rig count had an increase of 7 this week, at 629

U.S. rig count had an increase of 7 this week, at 629

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 7 over last week, resulting in a total count of 629 rigs. Canada had a decrease of 18 over last week, resulting in …

U.S. rig count had a decrease of 7 this week, at 622

U.S. rig count had a decrease of 7 this week, at 622

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 6 over last week, resulting in …

U.S. rig count had an increase of 3 this week, at 629

U.S. rig count had an increase of 3 this week, at 629

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 629 rigs. Canada had no change over last week, resulting in a total …

Source: Reuters

Canada’s oil and gas firms to boost upstream capex to $30 billion in 2024

Oil Price


Canada’s oil and natural gas sector is set to boost upstream capital expenditures to around US$30 billion (C$40.6 billion) in 2024, up slightly from an estimated actual investment of US$28.8 billion (C$39 billion) for 2023, the Canadian Association …

U.S. rig count had an increase of 5 this week, at 626

U.S. rig count had an increase of 5 this week, at 626

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 5 over last week, resulting in a total count of 626 rigs. Canada had a decrease of 3 over last week, resulting in …

Source: Reuters


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

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 …

U.S. rig count had an increase of 4 this week, at 623

U.S. rig count had an increase of 4 this week, at 623

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 4 over last week, resulting in a total count of 623 rigs. Canada had no change over last week, resulting in a total …

Source: Oil Price

Canada looks to capitalize as U.S. pauses LNG export licenses

Oil Price


The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for …

Source: Reuters

Trans Mountain Pipeline hits yet another delay

Oil Price


The Trans Mountain expansion project may be in for yet another delay as the company in charge of it reported encountering “technical issues” during construction.

In a statement, the company said that the issues “will result in …

Source: Reuters

US pause on LNG exports raises pressure on Canada, BC to do same

Nasdaq


WINNIPEG, Manitoba – U.S. President Joe Biden’s decision to pause expansion of American liquefied natural gas (LNG) exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may …

January 29, 2024 - 12:30 pm Canada, Canada News, Closing Bell Story‎, Crude Oil News, Energy News, LNG
U.S. rig count had an increase of 2 this week, at 621

U.S. rig count had an increase of 2 this week, at 621

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 621 rigs. Canada had a decrease of 7 over last week, resulting in …

U.S. rig count had an increase of 1 this week, at 620

U.S. rig count had an increase of 1 this week, at 620

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 620 rigs. Canada had an increase of 10 over last week, resulting in …

U.S. rig count had a decrease of 1 this week, at 621

U.S. rig count had a decrease of 1 this week, at 621

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 621 rigs. Canada had a decrease  of  39 over last week, resulting in …

U.S. rig count had a decrease of 3 this week, at 620

U.S. rig count had a decrease of 3 this week, at 620

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 620 rigs. Canada had a decrease  of  39 over last week, resulting in …

U.S. rig count had a decrease of 3 this week, at 623

U.S. rig count had a decrease of 3 this week, at 623

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 623 rigs. Canada had a decrease  of  9 over last week, resulting in …

U.S. rig count had an increase of 1 this week, at 626

U.S. rig count had an increase of 1 this week, at 626

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 626 rigs. Canada had an increase  of  2 over last week, resulting in …

Source: Reuters

FOCUS-Canada oil firms face losses as booming supply runs into Trans Mountain delays

Nasdaq


Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded …

U.S. rig count had an increase of 3 this week, at 625

U.S. rig count had an increase of 3 this week, at 625

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 625 rigs. Canada had a decrease  of  5 over last week, resulting in …

U.S. rig count had an increase of 2 this week, at 618

U.S. rig count had an increase of 2 this week, at 618

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 618 rigs. Canada had a decrease  of  3 over last week, resulting in …

U.S. rig count had an increase of 2 this week, at 624

U.S. rig count had an increase of 2 this week, at 624

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 624 rigs. Canada had an increase of 5 over last week, resulting in …

U.S. rig count had a decrease of 3 this week, at 622

U.S. rig count had a decrease of 3 this week, at 622

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 13 over last week, resulting in …

U.S. rig count had a decrease of 4 this week, at 619

U.S. rig count had a decrease of 4 this week, at 619

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 619 rigs. Canada had a decrease of 11 over last week, resulting in …

U.S. rig count had a decrease of 11 this week, at 630

U.S. rig count had a decrease of 11 this week, at 630

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 11 over last week, resulting in a total count of 630 rigs. Canada had no change over last week, resulting in a total …

Source: Reuters

Canada’s Trans Mountain pipe expansion to disrupt oil flow to US, boost prices

Nasdaq


CALGARY – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early next year, will shake up North America’s supply by diverting barrels now mainly delivered …

U.S. rig count had an increase of 9 this week, at 641

U.S. rig count had an increase of 9 this week, at 641

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 9 over last week, resulting in a total count of 641 rigs. Canada had an increase of 8 over last week, resulting in …

U.S. rig count had an increase of 1 this week, at 632

U.S. rig count had an increase of 1 this week, at 632

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 632 rigs. Canada had a decrease of 5 over last week, resulting in …

Source: Oil Price

Canada’s oil and gas industry cuts emissions while boosting output

Oil Price


Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported.

Between 2012 and 2021, CAPP said, …

U.S. rig count had a decrease of 10 this week, at 632

U.S. rig count had a decrease of 10 this week, at 632

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 10 over last week, resulting in a total count of 632 rigs. Canada had an increase of 1 over last week, resulting in …

U.S. rig count had a decrease of 5 this week, at 654

U.S. rig count had a decrease of 5 this week, at 654

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 654 rigs. Canada had an increase of 2 over last week, resulting in …

Source: Reuters

Canada government body guarantees up to $2.2 billion fresh loan to Trans Mountain expansion project

Investing


A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.

The information disclosed by Export Development Canada (EDC) showed …