From Reuters
U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …
From U.S. News and World Report
Oil drillers are burning off vast quantities of natural gas because it’s not profitable enough to capture and bring to market.
Producers in the Peace Garden State flared 527 million cubic feet of gas …
Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. …
