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Shell says it’ll stay in Canada while other oil majors flee

Shell says it’ll stay in Canada while other oil majors flee

Royal Dutch Shell is reassuring investors, workers, and anyone else who will listen that it’s the international oil major. Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu. Royal Dutch Shell plc announces the commencement of trading in the next tranche of its share buyback programme. Shell’s...

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OPEC predicts U.S. shale will steal market share for years to come

OPEC predicts U.S. shale will steal market share for years to come

OPEC slashed estimates for the amount of oil it will need to pump in coming years. OPEC will supply a diminishing amount of oil in the next five years. Brent crude futures fell 39 cents, or 0.6%, to $60.78 a barrel by 0111 GMT. It projecting that its share of world markets will shrink until...

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Exxon’s former CEO says climate change ‘with us forever more’

Exxon’s former CEO says climate change ‘with us forever more’

Current or former leader of one of the world’s largest energy producers to testify under oath about climate change. It’s Continues status as a founding member for an additional five years. United Way of Beaumont and North Jefferson County to receive $200,000. That’s why a New York courtroom was packed on last Wednesday to see...

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Reveal Energy Services validates more than 10,000 hydraulic fracturing stages

Reveal Energy Services validates more than 10,000 hydraulic fracturing stages

Reveal Energy Services announced the company has validated more than 10,000 hydraulic fracturing stages in the US. Company announced the commercialization of the DSCVRiSM cloud-based completion evaluation engine. Company also announced the commercialization of the FracEYE(SM) frac hit analysis service. Two patents that protect the science underlying IMAGE Frac technology licensed exclusively. company is enhancing...

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Noia fall seminar points to bright future for Canadian offshore exploration

Noia fall seminar points to bright future for Canadian offshore exploration

The Newfoundland and Labrador Oil & Gas Industries Association (Noia) hosted its annual Fall Seminar. Noia has released an independent economic impact report. The focus for this year was advancing the offshore industry through exploration drilling activities. Noia is pleased to inform its members, the oil & gas industry, and the public that nominations are...

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Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron may be based in California, but CEO Mike Wirth had little praise for the state as he lauded the Texas business environment. The Supreme Court of Canada has rejected a request to review a decision of the Court. Chevron Corporation has established new goals to reduce net greenhouse gas (GHG) emission intensity. In the...

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Hatch acquires Upside Engineering

Hatch acquires Upside Engineering

Hatch announced that Upside Engineering Ltd. has joined Hatch Ltd. The Best Chilean Companies program is the local version of Deloitte’s Best Managed Companies program. Codelco celebrated the opening of the Chuquicamata underground mine. Hatch has been awarded a Consulting Engineers of South Africa (CESA) Aon Engineering. It bringing together the largest oil and gas...

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Pembina to buy Kinder Morgan’s oil assets for $3.3 billion

Pembina to buy Kinder Morgan’s oil assets for $3.3 billion

Pembina Pipeline Corp. increased its bet on the future of Canada’s turbulent oil-sands industry. Pembina Pipeline Corporation announced that its Board of Directors declared a common share cash dividend. Company announced its financial and operating results for the second quarter of 2019. The dividends are designated “eligible dividends” for Canadian income tax purposes. Company also...

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Hibernia production halted again following spill

Hibernia production halted again following spill

Newfoundland & Labrador Offshore Petroleum Board was notified of an incident at the Hibernia platform. Hibernia REIT plc announces the refinancing of its €400m secured revolving credit facility. Hibernia REIT plc announces its interim results for the six months to 30 September 2018. Company also announces that it has agreed to lease all the office...

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Husky to resume full production at White Rose offshore Newfoundland

Husky to resume full production at White Rose offshore Newfoundland

Husky Energy announced it will resume production from the remaining two drill centers. The news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”. Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan. Husky Energy (TSX:HSE) will hold its Investor Day in...

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