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Canada

A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canada oil patch to see massive consolidation, analyst predicts

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Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
(U.S. Energy Information Administration)

U.S. natural gas imports reach lowest level in 28 years

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Domestic natural gas production has hit record highs during the ongoing shale boom, and the low natural gas prices have played a role in replacing imports. Nearly 98 percent of natural gas imports came from Canada, but Canadian natural gas represented 7 percent of total U.S. natural gas consumption last year, which was down from 11 percent in 2009, according to the EIA.
OIL GAS RIG

Canada adapting to cheaper oil to avoid going way of the auto industry

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The Group of Seven’s biggest oil exporter may see drilling investment slashed by $23.2 billion in the coming 12 months, according to data compiled by Bloomberg. That’s a 29 percent reduction from the previous 12 months and the biggest since at least 2007.
The Syncrude oil sands site, outside of on April 28th, 2015 in Fort McMurray, Canada. Fort McMurray is currently coping with an economic downturn as a result of low oil prices and most of the layoffs have been impacting the transient workforce. Canada's oil and gas industry is expected to lose 37% of its revenues in 2015. (Photo by Ian Willms/Getty Images)

Canada to regulate oil and gas emissions to meet new 30 percent target

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Under the 2009 Copenhagen Accord, Canada pledged to cut its emissions by 17 percent from 2005 levels by 2020, or reaching 611 megatons, but is on pace to fall well short of its goal.
(Spencer Platt/Getty Images)

Canadian oil field services company cuts 2,000 jobs across North America

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Oil-services companies are slashing jobs to cope with declining demand from drillers. Baker Hughes Inc., the oilfield-services company merging with Halliburton Co., has reduced about 17 percent of its workforce in recent months.
Energy Secretary Ernest Moniz, along with Mayor Julian Castro speak with Madison High School students in San Antonio about their solar car initiative.  (Photo: Helen L. Montoya/San Antonio Express News)

Ernest Moniz: Changing business models in energy demand new infrastructure investments

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Energy Secretary Moniz spoke to FuelFix about and the changing face of domestic energy and the need to modernize the nation’s aging infrastructure for moving oil, gas and electricity.
Energy Secretary Ernest Moniz tours the headquarters of PECO energy company in Philadelphia, Tuesday, April 21, 2015. The White House has released a four-year energy plan, Quadrennial Energy Review, designed to fight climate change, modernize power plants and find other ways to ensure the nation a steady supply of safe energy. (AP Photo/Matt Rourke)

CERAWeek: Ernest Moniz envisions more energy-swapping between North American powers

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Broadening the transfer of energy and power resources across North American borders could yield big benefits for the United States, Canada and Mexico.
Panelists discuss the future of LNG amid collapsing crude prices on the third day of IHS Energy's CERAWeek conference in Houston. (Houston Chronicle)

CERAWeek: Weaker LNG projects could “lose their nerve” amid a slowdown, Parallax CEO says

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Falling oil prices are pumping the brakes on the global liquefied natural gas market, forcing a much-needed cooling-off period for a white hot market that has rapidly expanded in recent years, a panel of LNG experts said Wednesday.
(Daniel Acker/Bloomberg)

CERAWeek: Refiners need more infrastructure to process the surge of U.S. crude

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Revitalized North American crude production has created abundant sources of oil for refineries to process, but has raised the challenge of how to move it from the field to refineries.
(Eddie Seal/Bloomberg)

Colorado sheriff’s office recovers $300,000 worth of drill bits

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The Denver Post reports that the Weld County Sherriff’s Office recovered six of seven drill bits reported stolen last week and three more bits that had not been reported missing.