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A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP outlook: American shale gas revolution to go global by 2035

In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.

OPEC eyes another drop in Mexican crude production, further upside for Canada

One hundred and fifty-three years after the fire extinguisher was patented by Alanson Crane, and the overnight rally in the crude market has once again been snuffed out. After double bearish trouble yesterday came in the form of the IEA and EIA monthly reports, today’s OPEC report has again put a damper on things. Although […]
U.S. Senator Ed Markey, D-Mass (SAUL LOEB/AFP/Getty Images)

US Sen. Markey faults feds on natural gas export decision

The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
Spectra Energy Corp. unveiling its Houston headquarters in 2007.  (Steve Ueckert / Chronicle)

Spectra slips on cheap NGLs, lower Canadian dollar

Spectra Energy’s beleaguered naturals gas liquids business and a weaker Canadian dollar dragged down what was otherwise strong end to 2015, the company reported Wednesday.
(Scott Dalton/Bloomberg)

Canada’s pipeline regulators can’t keep up with companies, audit finds

The National Energy Board has come under fire recently as it grapples with about $18 billion in new proposed, controversial pipelines carrying oil sands crude.
Two women sit outside the offices of the National Energy Board after locking themselves to the doors by placing bike locks around their necks, to protest the Kinder Morgan Trans Mountain Pipeline expansion, in Vancouver, Canada, on Monday, Jan. 18, 2016. The proposed $5-billion expansion would nearly triple the capacity of the pipeline that carries crude oil from near Edmonton to the Vancouver area to be loaded on tankers and shipped overseas. (Darryl Dyck/The Canadian Press via AP)

US tribes oppose massive pipeline expansion in Canada

Kinder Morgan’s Trans Mountain project would nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. It would carry oil from Alberta’s oil sands to the Vancouver area to be loaded on to barges and tankers for Asian and U.S. markets.

Crude rips higher, while bearish backdrop persists – from Venezuela to Canada

Four hundred and fifty-five years after the birth of Sir Francis Bacon, and the crude complex is being philosophical about the recent rampant sell-off….and rallying like a mad thing. Today’s rally is based empirically on the view that the crude market had become exceedingly oversold (it had), with yesterday’s bad-is-good announcement of mo’ stimulus from […]
Categories: Crude oil
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A woman walks past a Sinopec neon sign in Hong Kong 30 October 2006 .

Sinopec sees oil sands venture improving on larger suncor stake

Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
(Brent Lewin/Bloomberg)

Suncor to buy Canadian Oil Sands after increased bid

Suncor, the country’s largest oil producer, raised it’s offer to 0.28 of its shares for every Canadian Oil Sands stock, according to a statement on Monday.
Categories: Deals
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Oil companies scrap $380 billion in new projects, Wood Mac says

The energy research firm’s dollar-figure estimate has nearly doubled since its first report on the matter last July, as oil prices crashed from around $60 a barrel in the summer to about $30 a barrel this week.