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 Post subject: MARKET WATCH: NYMEX oil price ends week back above $60/bbl
PostPosted: Fri Feb 05, 2021 12:46 am 
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Light, sweet crude oil prices on the New York market increased to end the week of Mar. 29 with a settlement back above $60/bbl after Reuters reported Russia was growing uneasy with existing production cut levels.



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 Post subject: MARKET WATCH: Oil price drop partially erases previous gains
PostPosted: Fri Feb 05, 2021 6:12 am 
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Light, sweet crude for February delivery settled down by more than $1.60/bbl on the New York market Dec. 27 while Brent crude for February dropped more than $2/bbl in London. Analysts attributed volatile oil prices to uncertainty about the world economic outlook amid thin holiday trading volumes.



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 Post subject: MARKET WATCH: NYMEX crude oil settles above $59/bbl
PostPosted: Sat Feb 06, 2021 9:52 pm 
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Light, sweet crude oil for April delivery settled above $59/bbl, setting a 4-month record high Mar. 18 after the Organization of Petroleum Exporting Countries and other major producers discussed continuing current oil-production cuts through June.



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 Post subject: Canada retains Carruthers for pipeline work
PostPosted: Sun Feb 07, 2021 10:59 am 
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The Canadian government has retained the former head of a pipeline project it rejected to assess the Trans Mountain oil pipeline and to advise a new crown corporation that will manage system expansion.


 



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 Post subject: Two blocks offered off Sable Island, NS
PostPosted: Sun Feb 07, 2021 10:00 pm 
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Two blocks nominated by the oil and gas industry are on offer off Sable Island in the northern Atlantic. The Canada-Nova Scotia Offshore Petroleum Board will accept bids through May 8, 2019, for exploration licenses covering 75,788-hectare Parcel 1 and 73,004-hectare Parcel 2, both in less than 100 m of water on the Scotian Shelf.



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 Post subject: Cenovus to focus 2019 budget on Foster Creek, Christina Lake
PostPosted: Mon Feb 08, 2021 5:01 am 
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Cenovus Energy expects to allocate the majority of its planned 2019 budget of $1.2-1.4 billion to sustain base production at its Foster Creek and Christina Lake oil sands operations. The company also plans to complete construction of the Christina Lake Phase G expansion. With an approved design gross capacity of 50,000 b/d, production startup from the expansion is expected in second-half 2019.



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 Post subject: Sinopec to buy BPs interest in SECCO for $1.68 billion
PostPosted: Mon Feb 08, 2021 8:01 am 
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Gaoqiao Petrochemical Co. Ltd., a Shanghai-based, wholly owned subsidiary of China Petroleum & Chemical Corp. (Sinopec), has agreed to acquire BP PLCs 50% stake in SECCO Petrochemical Co. Ltd. (SECCO) for $1.68 billion.



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 Post subject: Fitzgerald named International Petroleum COO
PostPosted: Mon Feb 08, 2021 12:36 pm 
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Daniel Fitzgerald has been promoted to chief operating officer of International Petroleum Corp., Vancouver, BC.



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 Post subject: OGA provides more data packages in advance of 30th licensing
PostPosted: Wed Feb 10, 2021 11:08 pm 
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OGA provides more data packages in advance of 30th licensing round

The UK Oil & Gas Authority (OGA) has provided more offshore data in advance of its 30th offshore licensing round, which is expected to be announced later this year.



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 Post subject: Legal threat eases for accidental bird deaths
PostPosted: Thu Feb 11, 2021 6:40 am 
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US oil and gas operators can worry less about federal prosecution for accidentally killing migratory birds under a new opinion from the Department of the Interior Solicitors office.



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