BP Signs On As Canada LNG Project Customer
The small-scale Woodfibre LNG project would be located at a brownfield site near Squamish, British Columbia.

BP Gas Marketing Limited has signed a binding liquefied natural gas (LNG) sales and purchase agreement (SPA) for deliveries from the proposed Woodfibre LNG Export facility near Squamish, British Columbia, project developer Pacific Oil & Gas Limited (PO&G) reported Wednesday.



Oil Price Benchmarks Show Slight Gains
WTI and Brent crude oil futures edged upward Thursday.

West Texas Intermediate (WTI) and Brent crude oil futures edged upward Thursday.

The WTI for August delivery settled at $59.43 per barrel, reflecting a five-cent gain.



Alberta Hires CIBC for Crude-by-Rail Program
Alberta's new government plans to sell the leases and services the Canadian province has accrued to help companies ship oil out of the region.



Oil Prices Surge on Inventory Report
WTI and Brent crude oil futures posted healthy gains Wednesday.

West Texas Intermediate (WTI) and Brent crude oil futures posted healthy gains Wednesday on a bullish U.S.



Biggest US East Coast Refinery to Close
The biggest refinery on the U.S. East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years.



Why Rapid Shale Production is a Perk
The accelerated oil rig flanges gulf coast production of shale wells leaves them uniquely positioned to take advantage of the peaks and plateaus in oil prices.



Fluor Wins Colombia Turnaround Contract
Ecopetrol has awarded a consortium including Fluor's Stork unit a plant turnaround services contract.

Colombia-based Ecopetrol S.A. has awarded Stork, a part of Fluor Corp.



Baker Hughes Enters JV to Deploy Artificial Intelligence
Baker Hughes, a GE Company has entered into a joint venture with Artificial Intelligence software provider C3.ai to accelerate the digital transformation in the oil and gas industry.



US Oil Production Hits New All Time High
U.S. crude oil oil rig flanges gulf coast production reached a new all time high of 12.2 million barrels per day in May.



Crude Oil Mixed Again Amid Mixed Signals
For the second consecutive day, "mixed" describes WTI and Brent price movements.

For the second consecutive day, the adjective “mixed” describes the overall price movements for the West Texas Intermediate (WTI) and Brent crude oil contracts.

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