Tag Archives: oil

Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow

Hess Corporation (NYSE:HES) announced in early December 2018 a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent…

Working together to help fight Bill C-69

We’ve had many emails from Oil Respect supporters asking us if there is a way we can all work together to help our industry fight Bill C-69, and the answer is yes. Save Canadian Jobs is a digital campaign being shared and promoted by a large network of industry and advocacy…

Meridian Energy Group, Inc. begins civil construction of the Davis Refinery

Meridian Energy Group, Inc., the leading developer of innovative and environmentally-compliant oil refining facilities, announced on July 17, 2018 that the company has executed a contract with SEH Design|Build, Inc. (SEH D|B), a subsidiary of Short Elliott Hendrickson Inc. (SHE) with an office in Bismarck, North Dakota, for the performance…

COSIA marks fifth consecutive year of progress in oil sands innovation

At its 2017 annual Performance Update, Canada’s Oil Sands Innovation Alliance (COSIA) showcased advances towards its goal of accelerating the pace of environmental performance in Canada’s oil sands. To date, members of Canada’s Oil Sands Innovation Alliance (COSIA) have voluntarily shared 981 distinct environmental technologies costing $1.4 billion. Since its…

Continental resources announces Rory R. Sabino as new vice president for investor relations

Mr. Sabino has more than two decades of institutional equity experience, most recently serving Bank of America Merrill Lynch (BAML) as a financial advisor and senior energy sector specialist. Mr. Sabino has more than 13 years of energy sector experience. At BAML, he worked with numerous traders, research analysts and salespeople, in…

OPEC cuts while U.S. shale booms: The effects on oil’s supply chain​

By: IBISWorld Procurement Research Analyst, Roshan Sathyanarayana The price of crude oil has been falling in recent years, going from over $100 per barrel in 2014 to hovering around $50 per barrel in 2017. In light of declining oil prices, the Organization of the Petroleum Exporting Countries (OPEC) has spent much of…