The global oil landscape is rapidly changing, with "shockwaves" from supply growth in the US due to shale gas, light tight oil as well as the Canadian oil sands extending to "virtually all recess of the global market," according to the International Energy Agency.
Articles Tagged "oil production"
Bloomberg reported that after 14 months of halted production, South Sudan has now resumed oil output but analysts said it could take a year to reach pre-shutdown output levels due to damage to equipment.
Trafina Energy Ltd. (TSXV:TFA.A) announced that a fourth oil well at McMullen, Alberta is now producing.
Reuters reported that an incoming storm in the Gulf of Mexico has forced oil companies to temporarily shut down some platforms.
The rapidly growing shale oil industry in Texas could signal a coming oil boom for the United States.
Seeking Alpha reported on seven oil and gas companies showing potential for higher production.
The political uprisings in the oil-rich region of the Middle East and North Africa are pushing oil prices to a dangerous level that threatens to force many still recovering economies into another recession. Wayne Atwell, Managing Director of Casimir Capital, spoke with Oil Investing News, a part of The Resource Investing News Network, about the possible implications for the resource markets.
Primary Petroleum Corporation (CVE:PIE) reports that it has secured over 200,000 net acres to our Area of Interest in the Alberta Basin Bakken Fairway of western Montana.
Candax Energy Inc. (TSE:CAX) reports that the El Bibane-3 well is producing from the newly installed production string.
American Petro-Hunter, Inc. (OTC:AAPH) reports its completion of the North Oklahoma oil project. The Company has been informed by the Operator that multiple zones in the target formations will be completed based on strong oil shows from two pay intervals of over 40 feet each. For complete news release, click here. For American Petro-Hunter’s company profile, click [...]