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Vancouver Hit With Record Gasoline Prices Amid Pipeline Tussle

A political brawl between between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction.

May 2nd, 2019|News|

ONGC plans to buy 27 rigs for up to Rs 3,500 cr

ONGC has traditionally owned onshore rigs, instead of hiring them, due to scarce availability of quality onshore rigs, the company executive said. For offshore, however, the rigs are always hired due to their adequate availability, he added.

October 10th, 2018|News|

Rising Use of Plastics to Drive Oil Demand to 2050

Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday. Oil demand for transport is expected to slow by 2050 due to the rise of electric vehicles and more efficient combustion engines, but that would be offset […]

October 5th, 2018|News|

YPF is Said to Shut Gas Wells as Argentine Economy Flops

YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells as the nation’s second recession in three years curbs demand, according to people with direct knowledge of the matter. YPF’s gas production in the second quarter of the year — when the recession began — averaged […]

October 2nd, 2018|News|

DJR Energy to Acquire $480mm Worth of San Juan Assets from Encana

Denver-based DJR Energy will purchase San Juan Basin assets from Canadian energy producer Encana Corporation in a $480 million deal, both companies announced Oct. 1. The sale includes 182,000 net acres and, when combined with DJR’s existing assets, the company will soon have a total of more than 350,000 net acres focused in […]

October 1st, 2018|News|

PDO for $1.2b Nova Project Gets Green Light

Wintershall Norge AS revealed Monday that the plan for development and operation (PDO) for the Nova project has been approved by Norway’s Ministry of Petroleum and Energy.The approved development solution for the Nova field involves two subsea templates, located on the ocean floor, tied back to the nearby Gjoa platform. The PDO was […]

October 1st, 2018|News|