Monday, December 2, 2024
Canada's Alberta temporarily tweaks environmental liability for oil sands mines- oil and gas 360

Canada’s Alberta temporarily tweaks environmental liability for oil sands mines

BOE Report The province of Alberta said on Thursday it will allow oil sands mining companies to change how they calculate environmental liabilities this year, to take into account the wild swings of 2020, when oil prices turned negative. Producers would be on the hook for billions of dollars in extra security payments if they calculated liabilities under the old

Oil prices set for weekly gain despite India virus surgeOil prices set for weekly gain despite India virus surgeOil prices set for weekly gain despite India virus surgeOil prices set for weekly gain despite India virus surgeOil prices set for weekly gain despite India virus surge- oil and gas 360

Oil prices set for weekly gain despite India virus surge

Reuters LONDON – Oil prices steadied on Friday and were set for a weekly gain against the backdrop of optimism over a global economic recovery, though the COVID-19 crisis in India capped prices. Brent crude futures were up 1 cent at $68.12 a barrel by 0813 GMT and U.S. West Texas Intermediate (WTI) crude eased by 2 cents to $64.69.

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 8 this week, at 448

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of  8 over last week, resulting in a total count of 448 rigs. Canada had an increase of 4 over last week, resulting in a total Canadian count of 55 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Haynesville, the

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension- oil and gas 360

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension

Reuters Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project. The pipeline was planned to carry 830,000 barrels per day of heavy crude from Canada’s Alberta province to Nebraska in the United States. The company said