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Rise in oil prices led by December OPEC cuts The rise in U.S. crude oil prices was in part led by December OPEC cuts and are likely to continue to increase at least in the very short term, possibly again reaching the $50 per barrel level. Analysts warn, however, that the picture is not so clear further down the road amid concerns about an […]

Canada Sees Petronas’ $27 Billion LNG Decision by April

go to site Petroliam Nasional Bhd. will be ready to decide whether to proceed with a proposed $27 billion liquefied natural gas plant on Canada’s Pacific Coast by April, according to Rich Coleman, British Columbia’s minister of natural gas development. The state-owned Malaysian energy company, which won conditional Canadian government approval in September after more than three years […]

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Oil and gas deals picking up as industry shifts from survival to growth

Generic Ambien 5Mg Multibillion-dollar oil and gas deals are back on the table. More than $11-billion (U.S.) of transactions were announced globally in July as crude’s recovery fuelled hopes of a steadier market, Wood Mackenzie Ltd. said. That’s the highest monthly total this year and brings the amount since May to $32-billion, triple that of the previous three […]

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Alberta to cut royalty rates in effort to squeeze out more oil, gas production

follow url CALGARY — The Alberta government is introducing two new royalty programs to encourage the energy sector to spend more on developments in their early stages and squeeze more oil and gas from underutilized existing operations. Under the programs, companies would pay reduced royalty rates on those projects for a longer period. CEO Tim McMillan of the Canadian Association […]

OGAB Engineering discussed sustainable development of Nigerian Oil Sands (Tar Sands) OGAB Engineering discussed sustainable development of Nigerian Oil Sands (Tar Sands) using a Canadian approach with the Nigerian Government The Managing Consultant, Dr. Olajide Akinlade, and a member of the board of directors, Dr. Oladele Akinbolue, of OGAB Energy Solutions Limited Nigeria met with the Nigerian Honorable Minister for Solid Minerals Development, Dr. Kayode Fayemi, […]

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