TransCanada Requests Suspension Of Oil PipelineOilPrice.comTransCanada has asked for a 30-day suspension of its application for the Energy East pipeline that should transport crude oil from Alberta and Saskatchewan to the eastern part of Canada. According …

ReutersThe next oil major? Service firm Schlumberger's big bet on productionReutersThe model can supercharge profits on a given job but also ramps up risk, giving the firm more exposure to global oil price swings and potentially big losses if individua …

Oil tops $48 as sources say API data show big drop in US crude supplyMarketWatchOil prices topped $48 a barrel late Tuesday after the American Petroleum Institute reported that U.S. crude supplies dropped 10.2 million barrels for the week ended July 21, ac …

The Coming Squeeze for Shale Oil DrillersWall Street Journal (subscription)Rising profits for oil-service companies usually means oil producers are making money, too. But when the producers are drilling high-cost oil from shale, rising expenses could squee …

Financial PostEncana and Husky post diverging results amid oil price slumpFinancial PostThe company's margins improved 25 per cent in the quarter despite the drop in oil prices, Encana president and CEO Doug Suttles said during an earnings call. “We do …

Barron'sOil Prices Slip On Falling OPEC ComplianceOilPrice.comOil prices posted more gains this week, as the EIA reported deeper inventory reductions with Brent briefly traded above $50 per barrel for the first time in nearly two months on Thursday. There …

Chron.comUS oil producers idle two rigsChron.comDrillers pulled two rigs out of the U.S. oil patch this week in a delayed reaction to lower oil prices, Baker Hughes said Friday. Oil companies idled one oil rig and one gas rig, bringing the total U.S. rig c …

Wall Street Journal (subscription)Schlumberger CEO Blames US Investors for Stagnant Oil PricesWall Street Journal (subscription)U.S. investors are driving down the price of oil by shoveling too much money into American shale companies, the chief executive …

ReutersOil market investment needed soon to balance market: Schlumberger CEOReutersDUBAI Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a conference in …

ReutersOil market investment needed soon to balance market - ReutersReutersInvestment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a ...and more &raqu …