Keith Schaefer: It’s Not All Bad for Oil

At PDAC Schaefer laid out the positives and negatives surrounding the oil space, noting that in some senses things aren't as bad as they may seem.

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Company News

Santos Bumps Production Date for GLNG Project

Santos Ltd. (ASX:STO) announced that its GLNG project should produce its first LNG towards the end of 2015's third quarter. The company said previously that it would start production in Q2 2015.

TAG Oil Updates on Taranaki Basin Activities

TAG Oil Ltd. (TSX:TAO,OTCQX:TAOIF) released an update on oil and gas production, operations and upcoming drilling at its Taranaki Basin exploration and development acreage.

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Market News

Major Gas Pipeline Explosion Injures At Least 11 People in California

Business Insider reported that a large gas pipeline explosion in California on Friday has left 11 people injured. A county equipment operator was working with a jail inmate crew to expand the road on the Fresno County Sheriff's office gun range at the time of the accident, although the cause of the explosion is still uncertain.

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