The price of oil has historically had a huge affect on the global economy but how does it impact on our lives in general?
Western Canadian Select crude, North America’s best-performing grade in the past month, may strengthen further as reduced drilling frees up pipeline space for oil sands producers.
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and neighboring Alberta will 'still have the edge', according to a report from TD Economics.
Kal Kotecha, founder and editor of Junior Gold Report, says now is the time to be buying resource stocks, especially gold equities.
Oil industry downturn is "unprecedented".
Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output.
Study shows the bank offered $3.4bn in loans, grants, guarantees, risk management and equity for fossil fuel-related projects for the 2013-14 financial year.
Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.
The company with the largest stake in oilsands miner Syncrude Canada is a prime takeover target and its most likely suitor is the company with the second-largest stake, according to a research report published Monday.
Study argues Alberta’s emissions would be roughly equal to Ontario, Quebec and British Columbia combined by 2020.
The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here.
Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.
Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.
After correctly predicting $47/bbl oil last year, Chen Lin is licking his stock-picking chops at the bargains now available.
TransCanada Corp. (TSX:TRP) confirmed Thursday that it no longer plans to build a terminal at Cacouna, Que., as part of its Energy East pipeline project, but says it’s looking for potential alternatives in the province.
Korean-owned Harvest Operations Corp. has cut 105 jobs and will delay start-up of its 10,000-barrel-per-day BlackGold thermal oilsands project until benchmark New York oil prices improve to above $60 US per barrel.
Two oil towns that have defined Alberta’s resource – and real estate – boom now show how fast the bloom can fade.
Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.
The oil giant is “actively engaged” in talks to swap North American assets, mostly Canadian, with international oil companies.
CEO David Sidoo tells The Energy Report how shrewd joint ventures and a firm commitment to low costs have led to highly profitable wells in New Zealand and significant upside in Romania.
With world oil prices stubbornly stuck at around US$50 per barrel, Western Canada’s weather-related spring drilling slowdown could easily last until next fall — or longer.
The Association of Professional Engineers and Geoscientists of Alberta (APEGA) probe centres on the alleged mishandling of claims of natural gas pipeline violations at TransCanada by engineers working for the energy regulator (NEB).
It’s a seemingly small thing, the matter of a dozen or so degrees difference in the water temperature during one part of the lengthy and complex process of squeezing oil from Alberta bitumen.
In the farthest reaches of northwestern Canada, there are few people and fewer roads. When winter comes, fuel, explosives, and heavy equipment move north in an unusual way: via trucks driving on frozen lakes.
An annual survey of the oil and gas workforce has revealed a surprising trend.
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