Wages up in Canada’s slumping energy industry

The irony of rising wages in a slumping industry provides three insights into the Canadian oil and gas industry’s effort to regain profitability, according to Todd Hirsch, chief economist of ATB Financial in Calgary. Source: News


Origin Energy plans oil and gas business spin-off

Sydney-based Origin Energy Ltd. has announced plans to sell it’s $1.8-billion conventional upstream oil and gas assets so that it can focus on the wholesale and retail energy markets as well as its LNG business in Queensland. Source: News


Hochstein outlines how world energy changed during Obama’s presidency

President-elect Donald J. Trump’s incoming administration almost certainly will get a dramatically different world energy assessment than President-elect Barack Obama’s did 8 years earlier, the US Department of State’s special envoy for energy resources expects. Source: News


MARKET WATCH: NYMEX, Brent oil prices reach highest levels since July 2015

Crude oil prices reached their highest levels in more than a year during Dec. 6 trading with the light, sweet crude oil contract for January settling at nearly $52/bbl while Brent crude oil for February closed at nearly $55/bbl on the London market. Source: News


BHP, CNOOC, European majors among winners for Mexican deepwater blocks

The final phase of Mexico’s first oil and gas bid round featured the awarding of eight of 10 deepwater blocks in the Gulf of Mexico to a variety of global operators. But a busy Dec. 5 began with Petroleos Mexicanos’s first farmout to the private sector since the country began energy reform in 2013. […]