Oil & Gas

​EIA: 40 U.S. producers recorded combined impairments of $48 billion in Q1 2020

Tuesday, July 21, 2020, 7:19 AM MDT

The U.S. Energy Information Administration has used Evaluate Energy data to show how 40 U.S. oil and natural gas producers…

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Operators still finding ways to increase productivity: 2020 Top Operators Report

Tuesday, July 21, 2020, 7:01 AM MDT

Canada’s oil and gas industry has been on a relentless pursuit of operational excellence for the last five years in…

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Hibernia shuts production after sheen detected

Tuesday, July 21, 2020, 6:56 AM MDT

The Hibernia oil platform was shut after a leakage of drilling and production fluids, the Hibernia Management and Development Company…

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Brent crude rises to four-month high on economic recovery hopes

Tuesday, July 21, 2020, 6:34 AM MDT

Oil climbed to the highest level since early March in London as hopes for an economic recovery from the coronavirus…

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​Halliburton takes $2.1 billion writedown after fracking collapse

Monday, July 20, 2020, 6:29 AM MDT

Halliburton Company said revenue in North America, its largest market, collapsed by 57 per cent in the second quarter, underlying…

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Chevron buys Noble for $5 billion

Monday, July 20, 2020, 6:11 AM MDT

Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook…

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Top Operators Report: Liquidity the key to coming through the other side the COVID-19 crisis

Monday, July 20, 2020, 6 AM MDT

Managing the balance sheet and maintaining liquidity through the COVID-19 crisis will decide who comes out the other side intact…

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Top Operators Report: Size matters, but agility and ability to pivot just as important

Friday, July 17, 2020, 6:52 AM MDT

Which companies are best positioned to weather the COVID-19 storm and emerge strong on the other side?“Larger and integrated companies…

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​Norwegian billionaire reshapes oil empire for renewable-energy future

Friday, July 17, 2020, 6:37 AM MDT

Billionaire Kjell Inge Rokke is transforming the structure of his business empire as he seeks to revive struggling oil-service firms…

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​Seven more projects to receive funding for caribou habitat restoration in B.C.

Friday, July 17, 2020, 6:19 AM MDT

More work is getting underway in British Columbia to restore caribou habitat that the province says has been degraded by…

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Top Operators Report: ​A long, hard road for oilfield services sector hit with COVID-19

Thursday, July 16, 2020, 9:22 AM MDT

Canada’s oilfield services sector has struggled the last five years. Activity levels plummeted as operators adjusted capital expenditures in light…

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​Warren Buffett sees natural gas sticking around for a long time

Thursday, July 16, 2020, 6:31 AM MDT

Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today.As Democrat Joe Biden unveils a staggering $2…

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