Bulgaria has picked Royal Dutch Shell to carry out deepwater oil and gas exploration off its Black Sea coast and plans to sign a contract by the end of October, hoping the project will help reduce its reliance on imports from Russia.
Canadian natural gas prices have held up so well that the majors are taking strategic positions to prepare for an eventual demand spike. But the paydays could be delayed depending on the outcome of the Canadian federal election on Oct. 19.
If there’s anything that was news worthy in oil this week it was quickly lost in the quick quotes of Donald Trump's debate. Here’s the thing, the GOP debate likened to crude oil: nobody cares as long as America wins. So many have been trying so hard to call the “oil glut” a crisis when it’s just the opposite.
Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.