BOE Report - Canada's Source for Oil & Gas News
3 days ago · Q2 2024 Earnings Season Report Card Part 2 – BOE Intel September 24, 2024 2:00 PM. September 18th Alberta Crown Land Sale totals $27.5 MM – Montney parcel sets new record for per area dollar bonus at over $7 MM/section or $27,556/ha.; Clearwater exploration lands fetch sizeable dollar bonus – BOE Intel September 19, 2024 12:11 PM.
EIA slightly raises US, global oil production forecasts
1 day ago · The agency earlier forecast U.S. oil output to average 13.22 million bpd this year. U.S. oil production will grow to 13.53 million bpd next year, the EIA said in its November Short-Term Energy Outlook (STEO), a slight reduction from the 13.54 million-bpd forecast in its October STEO. The agency bumped up its global oil output forecast for 2024 ...
US power use to reach record highs in 2024 and 2025, EIA ...
1 day ago · Alberta Gas. U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Wednesday. EIA projected power demand will rise to 4,090 billion kilowatt-hours in 2024 and 4,158 billion kWh in 2025. That compares with 4,012 billion kWh in 2023 and a record.
US oil and gas rig count holds steady for record third week ...
6 days ago · The oil and gas rig count, an early indicator of future output, was steady at 585 in the week to Nov. 8, Baker Hughes said on Friday. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year. Baker Hughes said oil rigs held at 479 this week, while gas rigs were unchanged at 102.
US onshore wind industry struggling despite government push ...
1 day ago · Onshore wind industry investment is struggling despite the U.S. Inflation Reduction Act, Geoffrey Hebertson, lead renewables analyst at Rystad Energy, told attendees at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City on Wednesday. Despite the Inflation Reduction Act of 2022 which enabled production tax credits and …
Iran ready for possible oil export curbs after Trump election
1 day ago · Iran has made plans to sustain its oil production and export and is ready for possible oil restrictions from a Trump administration in the U.S., Oil Minister Mohsen Paknejad said on Wednesday, according to the oil ministry’s news website Shana. In 2018, then-U.S. President Donald Trump withdrew from a 2015 nuclear pact with Iran and re ...
Trump worries and leader absences cloud COP29 climate summit ...
3 days ago · The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries' demands for cash. Delegates gathering in Azerbaijan's capital, Baku, hope to resolve the COP29 summit's top agenda item –