A leaner Canadian industry is emerging, fit to survive the third straight year of low oil and natural gas prices, Suncor Energy Inc. confirmed Thursday in an investor guidance forecast of 2017 performance.
Industry
Articles from Industry
BLM’s NatGas Venting/Flaring Final Rule Faces Challenge From Western Energy Alliance, IPAA
The final rule to reduce natural gas venting and flaring from oil and gas operations on public and Indian lands, issued Tuesday by the Department of Interior, drew an immediate lawsuit by two industry groups, which claim the broad air quality regime goes beyond any authority granted by Congress.
Longer-Term Weather, Politics In Play; December Called 8 Cents Higher
December natural gas is set to open 8 cents higher Monday morning at $2.70 even though clouds are darkening over the longer-term weather outlook. Analysts see a supportive political environment going forward and healthy prices in 2017. Overnight oil markets fell.
GE Goes Big Into Oilfield Services With $32B Baker Hughes Buy-In
In a blockbuster deal worth an estimated $32 billion, General Electric (GE) on Monday agreed to become majority shareholder in a partnership combining its oil and natural gas business with Baker Hughes Inc., creating the second largest oilfield operator in the world.
‘Highest Quality Projects’ Taking Priority, NatGas Share Growing, Says BP CEO
BP plc has made a few select final investment decisions this year and it’s planning more in 2017, but it’s only going to be the cream of the crop as the industry gets back to work, CEO Bob Dudley said Tuesday. And the turn to natural gas will continue.
Marcellus Shale Coalition Takes On Biggest Challenge Yet to Stop PA Drilling Rules
Less than a week after they were implemented, the Marcellus Shale Coalition (MSC) has filed a lawsuit targeting key provisions of new regulations for shale drillers, representing the first time the organization has taken such a wide-ranging legal action against the state and its Department of Environmental Protection (DEP).
Texas Petro Index Down Again, But Some Indicators Rising
It has been nearly two years since the last peak in the Texas Petro Index (TPI), a barometer of oil/natural gas industry activity in the Lone Star State, and in August the TPI marked its 21st consecutive month of decline. But there are signs of an industry comeback.
Don’t Sue Oil/NatGas Industry on Our Behalf, Louisiana Parish Tells Governor
Louisiana’s Terrebonne and Lafourche parishes want nothing to do with multiple lawsuits against the oil and natural gas industry accusing it of damage to coastal wetlands.
Latest Act 13 Ruling Seen Having Few Implications For PA Oil/Gas Industry Operations
A decision from the Pennsylvania Supreme Court on Wednesday that again struck down parts of the state’s oil and gas law, known as Act 13, was applauded by environmental advocates, while the energy industry and others met it with indifference, saying the opinion won’t have much effect on daily operations.
U.S. E&P Cash Flow, Spend Trending Much Higher in 2017, Says Raymond James
U.S. exploration and production (E&P) cash flow generation and oilfield spending on drilling and completions have bottomed, no matter what direction oil and natural gas pricing goes in 2017, Raymond James & Associates said Monday.