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US leads the top ten countries by crude reserves, says GlobalData

Unconventional oil reserves across the top 10 countries* stand at 9.2 per cent (45.8 billion barrels), oil sands reserves stand at 6.7 per cent (33.3 billion barrels), and heavy oil represents 4.5 per cent (22.2 billion barrels) of all remaining reserves, according to GlobalData, a leading data and analytics company. The…

Moody’s: Slow recovery in energy led by growing production of oil and natural gas

The energy industry will continue its slow recovery as upstream companies increase production, helping the midstream and services sectors as well. Excess supply will continue to dampen oil prices in the coming year, Moody’s Investors Service says in its 2018 outlook for the global oil and gas sector. Natural gas…

Petroteq Energy announces membership in American Petroleum Institute

Petroteq Energy Inc., a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that it has joined the American Petroleum Institute (API). The API is the only national trade…

TransCanada evaluating Nebraska PSC decision on Keystone XL

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) confirmed today that the Nebraska Public Service Commission (PSC) has approved an alternative route for the proposed Keystone XL Pipeline project through the state. TransCanada is evaluating the PSC’s decision. “As a result of today’s decision, we will conduct a careful review of the Public…

New HRC Report: Oil and Gas Companies Continue to Improve on LGBTQ Equality in the Workplace

HRC’s 2017 Corporate Equality Index shows major improvements in sector’s ongoing work to create LGBTQ-inclusive workplaces Oil and gas companies continue to underperform on LGBTQ workplace equality and inclusion, according to the 2018 Corporate Equality Index (CEI) issued today by the Human Rights Campaign (HRC) Foundation, the educational arm of the nation’s…

Legislative impasse pulls plug on Colorado’s Energy Office

By Michael Sandoval The Colorado Energy Office (CEO), for years a promoter of renewable energy policy and technology, often at the expense of the state’s abundant natural resources, faced its own political reality on July 1: intermittent and unreliable political support. Not necessarily a bad thing. Though the agency did…