Trafina Now Producing from Fourth Oil Well
Trafina Energy Ltd. (TSXV:TFA.A) announced that a fourth oil well at McMullen, Alberta is now producing.
Articles Tagged "alberta"
Solara Exploration Announces Update on Leduc D3 and Cardium Wells
Solara Exploration Ltd. (TSXV:SAA.A) announced an update to work on the Leduc D3 and Cardium Wells in Alberta.
Canada’s Other Oil Patch: East Coast Offshore Projects
Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.
Hemisphere Energy Commences Drilling on Jenner Property in Southeast Alberta
Hemisphere Energy Corp. (CVE:HME) announced that drilling at the Jenner property in Alberta have begun.
Primary Petroleum Updates Land Holdings and 3D Seismic Program in Southern Alberta Basin Bakken Fairway in NW Montana
Primary Petroleum Corporation (CVE:PIE,OTC:PETEF) updated its land acquisition strategy and seismic program.
What the Canadian Election Could Mean for the Alberta Oil-Sands
A brief guide to the energy platforms of the four major federal parties contesting the May 2nd election, highlighting key policies that may have an impact on the development of the Alberta oil-sands.
Alberta’s Oil Sands Receive a Potential Boost
Canada is already the largest single exporter of oil and natural gas to the U.S., and Alberta's oil sands are the biggest single source of oil for the U.S.
Crude oil headed for $71.55 a barrel
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Downward Pressure On Oil Price
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
Higher Oil: Sign Of Economic Growth
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
