Canadian Natural Resources (CNRL) and Cenovus Energy, two of Canada’s biggest oil producers, said on Tuesday they will set new goals to reduce greenhouse gas emissions, but not pivot away from their core businesses. Oil sands producers, who extract some of the world’s most carbon-intense crude, face pressure from investors to reduce their environmental impact. […]
As I mentioned last month, our conference committee has been established and is working hard on providing an exceptional conference for September 21-22. The committee consists of industry leaders with in-depth knowledge of what is happening in our industry and where it is headed, and they have a vast network of contacts that can connect […]
April 7, 2021
The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the pandemic a year ago have proven false and the sector is rebounding to pre-COVID-19 levels of production and pricing. Speaking at the opening of the 2021 Scotiabank CAPP Energy Symposium, […]
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports. McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports. The report provides details for 206 floater projects […]
When President Biden yesterday unveiled his $2-trillion economic recovery plan, few in his immediate circle likely thought about oil. Yet, the plan will have a positive effect on oil demand because $621 billion of the total would be used for transportation infrastructure, including lots of roads. And roads are built with asphalt. Of this $621 […]
