Two new pipelines opened last week allowing more Canadian crude to reach refineries in Texas Canadian Premier for Alberta, Jim Prentice, and the Canadian minister for natural resources, Greg Rickford, were both in Texas last Friday celebrating the opening of two new pipelines transporting crude oil from Canada to the Gulf of Mexico. The two pipelines, the Seaway pipeline and
Russia receives downgrade Moody’s Investors Service announced last week that it was downgrading the outlook for the government of Russia’s debt rating to Baa2 from Baa1, putting Russia’s rating just one notch above a junk rating. Moody’s also maintains a negative outlook for the future of Russia’s ratings. According to the release put out by Moody’s, the main reasons for
Schlumberger kicks off earnings season with increased revenue and dividends Schlumberger (ticker: SLB) released its fourth-quarter and full-year 2014 results on January 15, showing year-over-year revenue growth and announcing a 25% increase to dividends. The company said revenue growth was fueled largely by performance in North America where revenue grew 16%. The company’s Middle East & Asia operations increased by
Det Norske announced today first production from offshore of Norway Det Norske Oljeselskap ASA, in partnership with Core Energy AS and Lundin Norway AS (ticker: LUPE) announced the production of first oil from their offshore project in the Bøyla field. The Bøyla field is the fourth field in production in the larger Alvheim area. The company said in its release
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