The U.S. can replace Canada’s resources, but it would pay a high price
Replacing Canada's resources would require the United States to expand production, infrastructure, and suppliers, with higher costs and longer lead times.
All Marcos Medina publications
Exxon promotes robotic platforms to extract more crude oil from the Permian Basin
ExxonMobil will expand its robotic platforms in the Permian Basin to accelerate drilling, reduce risks and increase oil production.
Edouard would have minimal impact on oil and gas in the Gulf of Mexico
GOMsmart projects limited oil and gas losses as Edouard moves through the Gulf of Mexico toward Texas and Louisiana.
Ovintiv adds 240 wells in Permian and Montney after investing US$460 million
Ovintiv adds 240 wells and 41,000 net acres in Permian and Montney through acquisitions worth US$460 million.
Seatrium is preparing the FPSO P-80 and P-82 for production in Búzios
The FPSO P-80 and P-82 will contribute 450,000 barrels per day of capacity to Petrobras' oil development in Búzios.
The US is negotiating the sale of Venezuelan oil fields for up to 100 years
The United States is considering participating in Venezuelan oil fields through a possible lease of up to 100 years.
Floatel Triumph secures new offshore contract in Brazil
Floatel Triumph will provide offshore maintenance and security services in Brazil for a campaign of up to eight months.
Well-Safe and NMC Energy reinforce decommissioning in the North Sea
Well-Safe and NMC Energy will integrate subsea, platform and well services for offshore decommissioning projects in the North Sea.
Enbridge buys Salt Creek assets in the Permian Basin for US$600 million
Enbridge will invest US$600 million to add crude oil collection infrastructure and strengthen its export chain from the Permian Basin.
US crude oil inventories rise while gasoline and distillate stocks fall
The EIA reported a slight increase in US crude and more pronounced declines in gasoline and distillate stockpiles.
Diesel prices in the United States rise to $5.58 due to global pressure
Diesel reaches $5.58 per gallon in the United States as refining restrictions reduce global supply.
TEPCO moves forward with a 420 MW offshore wind farm off Choshi
TEPCO has begun the environmental assessment of an offshore wind farm of up to 420 MW off the coast of Choshi, Japan.