EnCana to Split
EnCana Corp, Canada's biggest energy company, is going to buck the trend in the oil industry of mergers, and split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at...
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2026
2026
Oil Close to $120 a Barrel and Rising
It wasn’t so long ago that the world worried when oil would reach $100 per barrel. Now oil is close to $120 and shows no sign of slowing down. The record price hike was due to nearly North Sea production...
Bush: Open ANWR to Ease Gas Crisis
Like a record stuck in a bad groove, President Bush has reiterated his call for Congress to open more areas for drilling, including ANWR. "If Congress is truly interested in solving the problem, they can send the right signal by...
Dead Ducks Spoil Ron’s Day
Pity poor Ron Stevens, Alberta's deputy premier, who is in Washington to spin the oil sands story and tell Congress that the province represents an "environmentally responsible source of energy supply to the United States". The timing could not have...
Iraq: Cabinet Gives Green Light to Oil Deals
Iraq's cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the nation's crude output. The two-year deals, known as technical support agreements, or TSAs, are designed to develop five...
Oil Sands Plan On Hold Over Climate Fears
This is an interesting story that could have wide reaching implications. A Federal Court decision has sent Imperial Oil's $7 billion Kearl oil-sands project in northern Alberta back to a review panel over concerns over greenhouse gas emissions. Yesterday's ruling...
Nigerian Rebel Pipeline Uncovered
Ever fancied having you own oil supply on tap? Nigerian security forces have discovered a pipeline they say was used by a powerful Niger Delta gang leader to steal petroleum products from a state oil refinery. The pipeline runs from...
Canada Seeks Excemption for Oil Sands from US Law
The Economist notes that the Canadian government is now scrambling to secure an exception to The Energy Independence and Security Act 2007 over Canada’s dirty oil. "The Act bans federal agencies from buying alternative or synthetic fuel, including that from...
Rosneft Set to Increase Oil Output by Half
Russian state oil company Rosneft will increase output by a half by 2020 due to new assets and fields, according to its head as it aims to become the world’s top listed oil producer. Sergei Bogdanchikov said Rosneft will produce...
LNG Tankers Vulnerable to Terror Attack
A report by US watch-dog, the Government Accountability Office has concluded that the Coast Guard lacks the resources to adequately protect tankers carrying liquefied petroleum or crude oil from a possible terrorist attack. The report concluded that the Coast Guard...