Oil Sands Exceed Devon's Plans
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The largest U.S. independent is looking to shed some Albertan acreage.
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Washington: Oil futures surged five per cent to reach their highest level this month as colder weather sent shivers through the spines of investors who had been anticipating lower prices.
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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The threat of a lock-out by Norwegian shipowners which would halt production at the world&#39;s third-biggest crude producer has sent oil prices to record highs.
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Imperial Oil has confirmed a published report that it will move its head office to Calgary from Toronto. The move will reportedly allow the company to be closer to its projects in Alberta.
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The Anglo-Dutch oil firm sets out to woo investors by explaining how it will boost its oil reserves at an analysts' briefing on Wednesday.
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TRIPOLI : Libya set out the contractual framework and tendering terms for oil exploration rights to 15 blocs around the vast desert country as it switches to a transparent bidding process to woo foreign investment for its sanctions-ravaged industry.
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World oil prices have shot to record highs as concern grows about even more expensive fuel at the petrol pumps. In London, Brent North Sea crude oil for delivery in November surpassed $50 a barrel for the first time in the contract&#39;s 16-year history.
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Independent oil and gas producer Devon Energy Corp.  said on Friday it expects fourth-quarter production to rise 7 percent from the year-ago level to about 57 million barrels of oil equivalent (boe).
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The oil and gas firm keeps ratcheting up reserves.
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OPEC said it will increase production by 500,000 barrels a day, but oil futures nonetheless surged to a record close.
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its forecast for fourth quarter production by 1 million to 2 million barrels of oil equivalent, hurt by reduced Canadian gas output.
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By BOB WEBER  EDMONTON (CP) - Alberta's oilsands are in for increased worldwide scrutiny as international environmental groups set up shop in Edmonton to monitor the expansion and impact of the greenhouse gas-emitting mega-projects.
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Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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TransCanada Corp., Canada&#39;s largest pipeline operator, and oil company Petro-Canada plan to jointly develop aC$660 million ($504 million) terminal in Quebec to import liquefied natural gas amid growing demand for the fuel.
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Royal Dutch/Shell Group unveiled another, bigger-than-expected, cut in oil reserves on Thursday but tempered the news by announcing record profits and plans for higher dividends and share buybacks.