oil and gas Mining News

How the US is shunning Saudi oil imports

Over the last 15 years, America has been turning away from traditional oil suppliers in the Middle East to more trusted sources, closer to home.

CAPP sees 62% decrease in oil and gas spending for Canada

This reduction according to the Canadian Association of Petroleum Producers, is the largest two-year decline since the start of tracking this data in 1947.

$85 crude oil by Christmas – an interview with Mike Rothman

Oil prices may be gyrating up and down, but Mr. Rothman provided some juicy clues for investors, highlighting some key near-term trends for crude oil.

Expect huge price swings next month

This past week was not for the ‘faint of heart’. All of the asset classes witnessed wildly volatile moves, which culminated in an 11% move of crude oil.

Chart of the Week | Oil is dirt cheap………literally

We decided to conduct an experiment at Home Depot to find out if that's true. Our landmark investigation left no stone unturned.

Brian Bagnell's tips for smart oil and gas investing

In today's tough price environment where most oil and gas juniors are losing money, a strong balance sheet is the key to survival, says Brian Bagnell.

War between Saudi Arabia and Iran could send oil prices to $250

The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries.

How much oil is needed to power Santa's sleigh?

Well the answer is complicated by a number of factors most importantly, we just don't know a lot of about Santa's rounds, the shape of the sleigh, the air speed of the craft, or the weight of all those presents. But, we can take some educated guesses.

ISIS, Turkey and oil – the bigger picture: interview with Pelicourt

Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.

Global oil fundamentals on the eve of Opec

After a year and a half of lower crude prices, there is little expectation that Opec, under pressure from dominant force Saudi Arabia, will change course at this week’s meeting.

Political climate shifting against the oil and gas industry

Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

The shale delusion: Why the party's over for U.S. tight oil

Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies.

Keith Schaefer picks the companies you will want to own if the conservatives win in Canada

Keith Schaefer outlines the sectors that will profit first from a reversal in oil and gas prices, and what he is doing to position his readers for success.

The Saudi oil price war is backfiring

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

Global oil supply more fragile than you think

The growing acceptance that oil prices could stay lower for longer will kick off a fresh round of cuts in spending and workforces for the oil industry.

Could WTI trade at a premium to Brent by next year?

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.

Randall Abramson locks on to unusual bargains at today's oil prices

Abramson discusses several bargains in the junior oil and gas space, as well as a handful of serviceable service names.

B.C.'s LNG job boom overstated, according to think tank’s report

The 100,000 jobs the provincial government has promised due to LNG projects across B.C. is an overblown figure, according to a new report by the Canadian Centre for Policy Alternatives.

Saudis expand price war downstream

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

Proven and productive: BNK Petroleum pumps growth from shale properties

BNK Petroleum Inc. operates on some very productive property in the Oklahoma oil and gas shale and is making progress on developing shale resources in Europe.

Is Saudi Arabia leaving the U.S. behind for Russia?

The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices.

Investment to plummet 21% in B.C.’s mining, oil sectors in 2015: StatsCan

Investment in equipment, machinery and construction for B.C.’s mining, quarrying, and oil and gas sectors is expected to drop dramatically in 2015.

'Rent' the oil space to blunt the jagged downside of volatility: Paradigm's Ken Lin

Worried about a volatile oil and gas market? Paradigm Capital's Ken Lin advises waiting for quality companies to take a hit before swooping in to stock up, and then taking profits on the way up to avoid being caught in future carnage.

Ivanhoe Energy is bankrupt

The company, which entered into creditor protection in February, announced June 3 it has been unable to reach a restructuring and refinancing deal with creditors.

An energy policy for a New Alberta

Objective analysis, and some not very difficult math, indicates there is no physical need, economic justification, environmental acceptability, or social licence for either the Keystone XL or Northern Gateway pipeline proposals.