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Oilweek Magazine
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Click here to view a free sample digital edition of Oilweek magazine. As a paid subscriber, all issues of the magazine, including back issues, are online for you to read, search, and reference. |
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Latest Headlines
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Sep 2, 2010 11:09:00 AM MST
NEW ORLEANS _ An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 100 miles off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.
The Coast Guard said no one was killed in the explosion, which was spotted by a commercial helicopter flying over the site Thursday morning. All 13 people aboard the rig have bee...
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Sep 2, 2010 10:48:00 AM MST
NEW ORLEANS _ An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 100 miles off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.The Coast Guard said no one was killed in the explosion, which was spotted by a commercial helicopter flying over the site Thursday morning. All 13 people aboard the rig have bee
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Sep 2, 2010 10:33:00 AM
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GRAND ISLE, La. _ An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 80 miles (130 kilometres) off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.The Coast Guard says no one was killed in the blast, which was reported by a commercial helicopter flying over the area Thursday morning. All 13 people aboard
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Sep 2, 2010 10:16:00 AM
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GRAND ISLE, La. _ An offshore oil rig exploded in the Gulf of Mexico on Thursday, west of the site of the April blast that caused the massive oil spill.A commercial helicopter company reported the blast around 9:30 a.m. CDT (1430 GMT) Thursday, Coast Guard Petty Officer Casey Ranel said. Seven helicopters, two airplanes and four boats were en route to the site, about 80 miles (130 kilometr
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Sep 2, 2010 9:57:00 AM
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REGINA _ Saskatchewan's Energy and Resources minister says the Conference Board of Canada will conduct an independent analysis of a proposed takeover of PotashCorp (TSX:POT).Bill Boyd says the board will provide a report identifying the risks and opportunities the development presents.He says in news release that the report will include an assessment of what governments can do to l
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Sep 2, 2010 9:24:00 AM
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CALGARY _ Junior oil and gas explorer Valeura Energy Inc. (TSXV:VLE) says it has reached an agreement to invest close to US$9 million for a stake in a joint venture in Turkey.The Calgary-based company said Thursday it will work with its partners, two affiliates of Turkey-based Sayer Group, to develop the Kahta heavy oil field in southeastern Turkey.Valeura will invest a minimum of
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Sep 2, 2010 8:51:00 AM
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CALGARY _ A business think-tank sees rosier times ahead for Canadian oil producers, who are expected to reap $8.4-billion in profits this year as the world economy recovers from the recession and energy demand picks up."With the global recession giving way to economic recovery, demand for crude is expected to resume a long-term upward trend," the Conference Board of Canada said in its summ
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Sep 2, 2010 8:28:00 AM
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CALGARY _ Oil and gas transport company Enbridge Inc. (TSX:ENB) will spend $185 million to expand its Athabasca Pipeline to handle crude from the Christina Lake oilsands project operated by Cenovus (TSX:CVE).The 540-kilometre pipeline carries oil from a number of oilsands projects in Northern Alberta to the mainline hub at Hardisty, near Edmonton. When the expansion is complete in 2013, it
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Sep 2, 2010 7:19:00 AM
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OTTAWA _ A business think-tank is predicting that Canadian oil companies will reap big profits again this year _ to the tune of about $8.4 billion _ thanks to an upswing in prices as the global economy recovers from the recession.The Conference board of Canada says in its summer industrial outlook that global oil consumption is nearly back where it was before the financial meltdown and pri
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Sep 2, 2010 2:24:00 AM
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SINGAPORE _ Oil prices hovered below US$74 a barrel Thursday in Asia, consolidating a big gain the day before as an Asian and U.S. stock market rally buoyed investor confidence.Benchmark crude for October delivery was down four cents to $73.87 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.99 to close at $73.91 on W
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