Headlines for March 6, 2015

  1. Canbriam Provides Update On Altares Montney Development, 2014 Reserves

    Canbriam Energy Inc. is targeting a capital budget between $340 million and $360 million in 2015, about two-thirds of which will be focused on drilling and completion activity within the Main Fault Block of its Altares Montney asset, located west of Fort. St. John, B.C., and the remainder will support ongoing infrastructure development

  2. Precision Says Tax Issue Now Closed After Court Decision

    Precision Drilling Corporation announced the Supreme Court of Canada denied the Ontario Minister of Revenue’s application for leave to appeal the Ontario Court of Appeal decision dated Aug. 7, 2014 (DOB, Aug. 8, 2014), in favour of Precision’s wholly owned subsidiary Inter-Leasing, Inc.

  3. Terra Nova Turnaround Will Run To 10 Weeks

    A maintenance turnaround set to start in mid-May on the Terra Nova floating, production, storage and offloading (FPSO) vessel will run to 10 weeks instead of the usual four, due to a needed tank remediation, according to a spokesman for operator Suncor Energy Inc.

  4. Virginia Hills Announces Proposed Acquisition Of Private Oil And Gas Producer

    Virginia Hills Oil Corp. and Pinecrest Energy Inc. announced that Virginia Hills and its wholly-owned subsidiary 1834163 Alberta Ltd. have entered into an agreement with a private oil and gas producer (PrivateCo) pursuant to which Virginia Hills, through AcquisitionCo, will purchase all of the issued and outstanding common shares of PrivateCo for total consideration of an aggregate of four million share purchase warrants of Virginia Hills, 10,600 common shares of Virginia Hills and the assumption of approximately $11.8 million in debt.

  5. DOB Morning Briefing

    Here’s your early morning summary of the latest oil and gas news — a concise look at what you need to start your day in the know. Get more detailed, contextual information in the noon-hour DOB, or view the continuous feed of articles all morning at www.dailyoilbulletin.com.

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