Monthly Archives: April 2017

Oil Price Optimism Wears Off as Texas Wildcatters Drill On

The relentless drilling ramp-up in America’s top shale plays is making investors more skeptical that an oil price rebound is on the horizon. After increasing their bets on rising West Texas Intermediate crude for three straight weeks, money managers slashed the wagers by 21 percent, according to U.S. Commodity Futures Trading Commission data. Producers in [Read More…]

Source: BOE ...

Politicians, Experts Weigh In On Offshore Drilling Executive Order

Just as many oil and gas industry executives were heading to Houston for the annual Offshore Technology Conference (OTC) this week, President Donald J. Trump may have given them their biggest discussion point when he signed the America First Offshore Energy Executive Order on April 28 to extend offshore oil and gas drilling to areas that have been off limits. ...

B.C. Liberals to repeal Vancouver natural gas ban that city says doesn’t exist

VANCOUVER – The B.C. Liberals say they will repeal a City of Vancouver plan the party claims prohibits natural gas in some new buildings, but the city says no such ban exists. Andrew Wilkinson, candidate for Vancouver-Quilchena, said on Saturday the city’s ban would increase costs to consumers, businesses and residents because it would raise [Read More…]

Source: BOE ...