BOE Report - Canada's Source for Oil & Gas News
3 days ago · Canadian Natural Resources Limited Completes the Acquisition on Chevron’s Alberta Assets and Announces Timing of 2025 Budget Release December 6, 2024 9:48 AM Calgary, Alberta–(Newsfile Corp. – December 6, 2024) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural” or the “Company”) announces it has completed the acquisition of Chevron Canada Limited ...
US crude oil output hit record last week, EIA data shows
4 days ago · U.S. crude oil production rose by 20,000 barrels per day (bpd) to a record 13.513 million barrels per day in the week ended Nov 29, data from the U.S. Energy Information Administration (EIA) showed on Wednesday. The previous weekly record for U.S. oil output was 13.50 million bpd, hit most recently in the week ended
US AI task force co-chair asks FERC to support co-located data …
12 hours ago · A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing national security and competition for global AI dominance, according to a letter seen by Reuters dated Dec. 5. U.S. Congressman Jay Obernolte said the Federal Energy
US drillers add oil and gas rigs for first time in 8 weeks – Baker ...
2 days ago · U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by …
Oil steady as markets weigh higher US stockpiles, OPEC+ supply …
5 days ago · Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts. Brent crude futures fell 2 cents, or 0.03%, to $73.60 a barrel by 0145 GMT, while U.S. West Texas Intermediate crude futures eased
BOE Intel
Keep up with the latest production, financial, and well data for the western Canadian oil and gas industry. Get insights you need to make informed decisions as a modern energy professional.
EIA slightly raises US, global oil production forecasts
Nov 13, 2024 · Both U.S. and global oil production are set to rise to slightly larger record highs this year than prior forecasts, the U.S. Energy Information Administration said on Wednesday. A surge in oil supply has run into weakening demand growth this year, dragging oil prices to their lowest since 2021 despite large production cuts from the
BOE Report Year in Review – A recap of the biggest themes and …
Jan 6, 2024 · #5: Mystery buyer of Montney/Duvernay assets from Athabasca and Murphy officially revealed – BOE Intel (September 5 2023) “On July 31, Athabasca announced that it had entered into a definitive agreement to sell its non-core light oil assets for $160 MM. A few days later on August 3, Murphy announced that “a subsidiary of Murphy signed a Purchase and Sale Agreement to divest a non-core ...
US drillers cut oil and gas rigs for second week in a row – Baker ...
Sep 27, 2024 · U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by 1 to 587 in the week
U.S. to return emergency oil reserve to prior levels by year-end
Mar 18, 2024 · U.S. oil stocks in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. Stocks will reach those levels in part on the cancellation of congressional-mandated sales of about 140 million barrels,