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US Natural Gas Futures Slide 3% on Milder Weather, Higher Output

2020-11-27 17:26:37| OGI

U.S. natural gas futures fell 3% on Nov. 27, weighed down by forecasts for warmer-than-usual weather and a steady rise in production. Front-month gas futures for January delivery slipped 8.8 cents, or 3%, at $2.873 per million British thermal units (Btu) by 10:07 a.m. EST (1507 GMT).

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Canadian Oil Output Seen Expanding Until 2039, Delaying Net-zero Goal

2020-11-24 18:32:49| OGI

Fossil fuels will make up more than 60% of Canadas fuel mix in 2050, even though domestic consumption likely peaked in 2019, the CER said.

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Russias Lukoil Swings into Q3 Profit, Boosts Oil Output in Iraq

2020-11-24 15:03:34| OGI

Lukoil has faced a pandemic fallout as well as a weaker rouble, which has inflated its debt.

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Imperial Oil to Boost Spending, Slightly Raise Output

2020-11-20 15:08:52| OGI

Imperial plans to spend C$1.2 billion ($917.01 million) in 2021, up 33% from 2020. Upstream production looks to rise 5% to 415,000 boe/d.

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Equinor to Boost Output from Top North Sea Oil Field

2020-11-18 11:25:03| OGI

Norwegian oil major Equinor will raise the output capacity at its Johan Sverdrup field by 30,000 barrels per day (bbl/d) to 500,000 bbl/d by the end of 2020, and plans a further increase next year, it said on Nov.18.

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