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Canada Invites Chinese Investment in Oil Sands
CA >>  6/9/2017 - The Canadian government is inviting Chinese investment in its oil sands sector, Canada Natural Resources Minister Jim Carr said on Thursday, following a torrid six months in which $22.5 billion in for...

Shell Completes Divestment of Oil Sands Interests in Canada
CA >>  5/31/2017 - Royal Dutch Shell plc announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its i...

ConocoPhillips Completes Sale of FCCL Partnership Interest
CA >>  5/17/2017 - ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m...

World Oil Supply - August 2017
AT >>  8/10/2017 - Non-OPEC oil supply growth forecast in 2017 was revised down by 28 tb/d from the previous MOMR to 0.78 mb/d to represent an average total non-OPEC supply of 57.77 mb/d. The main reason for this downwa...

Hangingstone Project Commences Production
CA >>  8/8/2017 - CNOOC Limited has announced the Hangingstone project in Canada has already commenced production. The Hangingstone project, located in Alberta, Canada, consists of steam-generating equipment, well pad ...

World Oil Supply - July 2017
AT >>  7/12/2017 - Non-OPEC oil supply in 2017 was revised down by 0.05 mb/d from the previous MOMR to average 57.82 mb/d, an increase of 0.80 mb/d y-o-y. The main reason for this downward revision is a lower assessme...

The Outlook for the Oil Market in 2018 - July 2017
AT >>  7/12/2017 - The world economy is forecast to expand at 3.4% in 2018, the same growth as in 2017. This reflects a continued improvement in the global economy. Given the gradual ongoing recovery, the extraordinary ...

Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
CA >>  6/20/2017 - Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...

World Oil Supply - June 2017
AT >>  6/13/2017 - Preliminary data indicates that world oil supply up by 0.13 mb/d m-o-m in May to average 95.74 mb/d, higher by 1.48 mb/d, y-o-y.

Non-OPEC oil supply is estimated to have averaged 57.30 mb/...


Canada Oil Supply - May 2017
CA >>  6/12/2017 - Canada’s oil supply in 2016 is estimated at 4.50 mb/d, an increase of 80 tb/d. According to preliminary national source data, Canadian oil output in January increased by 0.18 mb/d m-o-m to settle at 5...

Shell to Sell C$4.1 Billion Stake in Canadian Natural
CA >>  5/23/2017 - Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada's oil sands e...

World Oil Supply - May 2017
AT >>  5/11/2017 - Preliminary data indicates that world oil supply fell by 0.41 mb/d in April to average 95.81 mb/d. However, global oil production was 831 tb/d higher than a year ago and increased by 363 tb/d y-o-y in...

Feature Article - May 2017
AT >>  5/11/2017 - Non-OPEC oil supply development
Low oil prices in 2016 led to a reduction of around 23% in global E&P investments compared to the previous year, together with the deferral of several upst...



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