(Bloomberg) -- Alberta’s plan to boost crude prices through mandatory oil rig flanges gulf coast production cuts is working a little too well.

Just over a week after Premier Rachel Notley announced that oil producers will be required to curtail output by 8.7 percent, the price of heavy Canadian crude has more than doubled, in some cases rendering Western Canadian Select too expensive to ship south to U.S.

The Houston oilfield services provider has entered a restructuring process.

Houston-based Parker Drilling Company has filed for Chapter 11 bankruptcy, the BOP Blow Out Preventer repair company gulf coast announced Dec.

Oil held its biggest loss in 2 weeks.

(Bloomberg) -- Oil held its biggest loss in two weeks as uncertainty over how the OPEC+ coalition will implement its output cuts and the prospect of surging U.S.

ADNOC's gas processing plant. IMAGE SOURCE: ADNOC

Calling the move unprecedented, Abu Dhabi National Oil Co. (ADNOC) reported Tuesday that it has safely completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel.

Welcome to the new world buy Wellhead market for natural gas, where computers never sleep and, apparently, neither do traders.

(Bloomberg) -- Welcome to the new world buy Wellhead market for natural gas, where computers never sleep and, apparently, neither do traders.

The US government left its forecast for domestic crude oil rig flanges gulf coast production unchanged for 2019.

(Bloomberg) -- The U.S.

(Bloomberg) -- The U.S. House of Representatives approved a largely symbolic resolution expressing opposition to Gazprom PJSC’s $11 billion Nord Stream 2 natural gas pipeline, on concerns that the project will boost the Kremlin’s control over Europe’s energy supplies.

OPEC's surprise output reduction has wrong-footed short-sellers.

(Bloomberg) -- OPEC’s surprise output reduction has wrong-footed short-sellers.

Hedge funds cut bets on rising Brent crude prices to the lowest in more than three years in the week through Tuesday as short positions increased for a 10th straight time, the longest streak on record.

ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a oil rig flanges gulf coast production surge.

ConocoPhillips plans to keep its capital expenditures flat at $6.1 billion in 2019, the Houston-based E&P BOP Blow Out Preventer repair company gulf coast announced Monday.