Forecast: Canada to See Some Rebound in Oil & Gas Capex This Year

Capital spending by Canada's oil and gas producers hit a historic low in 2020, but the industry will see a C$3.36 billion (US$…

Industrial Info | Oil & Gas News | Crude Oil | IIR | Production | Capital Expenditures

Industrial Info

Fri Jan 15 2021

Equinor Extending Life of Norway's Biggest Oil Field

Norway's oil major Equinor has announced plans to invest 287 million euro ($353 million) in the North Sea Statfjord Øst field to improve recovery by…

Industrial Info | Production | Oil & Gas | Oil & Gas News | IIR

Industrial Info

Wed Jan 13 2021

Dallas Fed Survey: Oil Patch Outlook Improves

Business activity for Oil & Gas producers in Texas and parts of Louisiana and New Mexico rose in fourth-quarter 2020, moving into positive territory for…

Oil & Gas Projects | Production | Industrial Projects | IIR | Capital Expenditures

Industrial Info

Tue Jan 05 2021

Cheniere Reports Boom in Revenues as LNG Production, Exports Ramp Up at Sabine Pass

Cheniere Energy is reaping rewards following the start-up of production and exports at its Sabine Pass LNG Terminal earlier this year. Revenues have skyrocketed as…

Cheniere | LNG | Sabine Pass | Production

Industrial Info

Thu Nov 03 2016

Statistics Canada: Wildfires Took Toll on Oil & Gas Production Capacity Utilization

The wildfires that raged through parts of Alberta last spring put a dent in Canada’s industrial capacity utilization for the second quarter, according to…

Canada | Oil & Gas | Production | Alberta | Wildfires

Industrial Info

Thu Sep 08 2016

Forecast: Canada to See Some Rebound in Oil & Gas Capex This Year

Capital spending by Canada's oil and gas producers hit a historic low in 2020, but the industry will see a C$3.36 billion (US$2.66 billion) bounce in upstream spending this year, mostly in Alberta and British Columbia, according to a forecast by the Canadian Association of Petroleum Producers (CAPP). The industry was pounded last year by the »

Equinor Extending Life of Norway's Biggest Oil Field

Norway's oil major Equinor has announced plans to invest 287 million euro ($353 million) in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent (boe). Statfjord Øst is tied back to the Statfjord C platform by pipelines. A total of four new wells will be drilled from existing subsea templates. The project also »

Dallas Fed Survey: Oil Patch Outlook Improves

Business activity for Oil & Gas producers in Texas and parts of Louisiana and New Mexico rose in fourth-quarter 2020, moving into positive territory for the first time since first-quarter 2019, according to a quarterly survey by the Dallas Federal Reserve Bank. Moreover, nearly half of the survey respondents expect their firms' capital spending to increase in 2021. The fourth-quarter »

Cheniere Reports Boom in Revenues as LNG Production, Exports Ramp Up at Sabine Pass

Cheniere Energy is reaping rewards following the start-up of production and exports at its Sabine Pass LNG Terminal earlier this year. Revenues have skyrocketed as the first U.S.-based exporter of liquefied natural gas (LNG) entered its ninth month of production at the facility, completed production on a major component and commissioned activities on a third. The company saw »

Statistics Canada: Wildfires Took Toll on Oil & Gas Production Capacity Utilization

The wildfires that raged through parts of Alberta last spring put a dent in Canada’s industrial capacity utilization for the second quarter, according to newly released numbers from Statistics Canada. Canadian industries operated at 80% of its production capacity in second-quarter 2016, down from 81.4% in the previous quarter, and 80.2% in second-quarter 2015, according to the »