February 27, 2008
Canadian Oil Exports to U.S. to Continue to Grow
Daily oil production from the Canadian oil sands will rise approximately 2 million barrels by 2015, strengthening its position as the largest foreign supplier of oil to the U.S. Canadian ambassador Michael Wilson spoke at a recent World Affairs Council of Houston function on the Canadian-U.S. relationship on energy, conservation and the environment.
Wilson was a member of the Canadian House of Commons, minister of industry, science and technology, minister of international trade and minister of finance. He represented the country at IMF, OECD, GATT and G-7 meetings.
-- Stephen Payne
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February 25, 2008:
Credit Curnch Has Small Effect on E & P Deals The U.S. credit crunch, caused by defaulted mortgage loans, has so far had an “amazingly small effect” on debt-funding deals to upstream E&P companies, according to Charles Kingswell-Smith, speaking at ...more
February 22, 2008:
S&P Improves Credit Outlook for Four Oil-Weighted Producers Standard & Poor’s Ratings Services has revised its outlook on credit quality for four E&P companies due to S&P’s higher oil-price assumptions.
S&P credit analyst Thomas Watters says, “We expect profit ...more
February 21, 2008:
S&P Weighs in on Coming SEC Reserve Rules In response to a recent SEC announcement that it will review and evaluate current disclosure requirements for oil and gas reserves held by E&P companies, Standard & Poor’s suggests a ...more
February 20, 2008:
Energy Ventures Expands Capital Offering to U.S. There’s a new source of venture capital available for upstream oil and gas technology companies in the U.S. and Canada, and it comes from Norway. In August, Energy Ventures expanded ...more
February 19, 2008:
Most 2008 CAPEX Budgets Based on $68 Oil When New York-based Lehman Brothers recently polled 344 oil and gas companies, including service companies, they found that most companies expect oil prices will be higher in 2008, view seismic ...more
February 15, 2008:
Operating costs jump in the Permian Basin Between mid-2006 and mid-2007, operating costs shot precipitously upward in the Permian Basin. Ziff Energy Group recently completed a benchmarking study in the West Texas and southeastern New Mexico oil-producing ...more
February 12, 2008:
CERA: Global 4.5% Decline Rate Means No Near-Term Peak The aggregate global decline rate of world oil production is 4.5%, rather than the 8% cited in other studies, according to energy-research and -consulting firm Cambridge Energy Research Associates. Using ...more
February 6, 2008:
Rockies Express to Have Minimal Impact on Upstream Stocks
Although highly touted, Rockies Express (Rex)—the new pipeline that will carry 1.5 billion cubic feet per day of gas from the Rockies to the Midcontinent and by mid-2009 to markets ...more
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