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.
The collapse in the market for Canada’s heavy crude below $30 a barrel last week is hammering home a harsh reality for the nation’s oil-sands producers: There’s no one to save them this time.
A Bank of Canada junket to the oil sands at Fort McMurray, Alta., helped push the cost of a single board of directors meeting last June to over $100,000, a CBC News analysis shows.
The updated regulations, in the works since 2012, set standards for wells and disposal of wastewater. They also require disclosure of chemicals used.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought problem and also makes it possible to pump more oil out of the ground.
"We're probably at the point now where at the current rate of fill we are going to run out of room in Cushing by next month."
The greenback is increasingly viewed as a safe haven, and I expect it to go even higher in 2015.
We don't have that level of detail on Russia. Russia is one of the largest producers in the world. Any deviation from the broad assumption of production not dropping this year in Russia could be very meaningful.
It is estimated that for every penny gas goes down, consumers collectively save $1 billion.
Only minor injuries were reported.
Debt for equity swap deal for 49% of top ten Russian oil producer could be worth as much as $3 billion.
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year.
In this interview with The Mining Report, he shares his secret for finding companies that can create value despite challenging market conditions, and he reveals where he is putting his money today.
During the lunch session at the Subscriber Summit, we invited Mr. Gabel for an interview. Energy and Gold wanted to share some of Mr. Gabel’s oilpatch expertise and outlook with readers.
Steve Palmer of AlphaNorth Asset Management has made a career of spotting companies loaded with value, and he tells The Energy Report not only what he looks for, but also where he has found it.
The planned optimization include the Athabasca Twin and the Wood Buffalo extension projects.
Canada’s largest heavy oil and natural gas producer, plans to either spin off or sell its royalty land business this year once energy prices have stabilized.
Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense.
Get Mining News and Alerts
sent to your inbox daily