Headlines for Oct. 21, 2016

  1. Alberta-B.C. Asset Deal Will Boost Tourmaline Profile

    If all goes as planned, the asset deal with Shell Canada Limited announced late Thursday will make Tourmaline Oil Corp. one of Western Canada’s premier Montney-Deep Basin players, pushing average daily production to some 215,000 boe this year, with a 2017 capital budget expected to reach $1.1 billion, the company said on Thursday.

  2. Tourmaline Is The Most Active Driller Across Basin

    Tourmaline Oil Corp., which announced yesterday a major asset deal with Shell Canada Limited, is also the most active driller across the Western Canada Sedimentary Basin — a title it has held for most of October.

  3. Mexico Environmental Group Calls On SENER To Revoke Authorization For Pemex To Utilize Fracturing In Five Blocks

    Mazatlan — An anti-fracking group in Mexico has called on the country’s Secretariat of Energy (SENER) to revoke the authorization for Petroleos Mexicanos (Pemex) to utilize fracking in five blocks located in the Tampico-Misantla basin, where two Canadian companies have won the rights to develop oil and gas in two blocks located in the country’s most promising unconventional resource area. 

  4. Daily Infographic: Low Oil Prices Have Affected Russian Petroleum Companies And Government Revenues

    Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all. Russia’s two main hydrocarbon taxes are calculated by formulas that result in lower tax rates at lower crude oil prices. As oil prices fall, petroleum companies retain a larger share of revenue, but government revenues from oil and natural gas production fall even faster than prices.

  5. Four Temporary Members Appointed To NEB

    The federal government has appointed four temporary members to the National Energy Board (NEB)to travel along the proposed Energy East pipeline route to carry out enhanced community and indigenous engagement.

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