An estimated $13.5 billion will be spent on oilsands projects this year, the vast majority of it on maintenance, compared to an estimated $16 billion in 2016 — both figures are a far cry from the almost $34 billion spent in 2014 when oilsands spending peaked, says a researcher.
ConocoPhillips is hopeful newly-elected U.S. President Donald Trump brings some regulatory relief and infrastructure benefits such as approving of Keystone XL, although the company still sees uncertainty with how the administration might impact its Canadian operations in other regards.
In December 2016, Canadian Natural Resources Limited continued to achieve higher than expected performance at Horizon, with production averaging approximately 184,000 bbl a day of synthetic crude oil (SCO).
Alberta’s Minister of Economic Development and Trade defended his government’s climate plan on Wednesday as people in industry voiced fears that the carbon emissions reduction strategy would hurt the province’s competitiveness.
While import dependence grows in both China and Europe, the increased diversity of supplies associated with a rapid expansion of LNG helps to support gas consumption, BP plc said in its recent world energy outlook.
On June 20, 2016, MNP Ltd. (“MNP”) was appointed as receiver and manager (the “Receiver”) of B&H Tank Systems Inc., Outlaw Welding & Mechanical Services Ltd., and 1204473 Alberta Ltd. (collectively, the “Company”) pursuant to an order granted by the Court of Queen’s Bench of Alberta.
Blackbird Energy Inc. has entered into a purchase and sale agreement with Paramount Resources Ltd. for the acquisition of eight gross sections of Montney rights (2.8 net) for total consideration of five million Blackbird common shares. The company also acquired three gross sections of Montney rights (three net) through a recent Crown land sale.
Oil & Gas Council will be returning to Calgary to host its Canada Assembly & Awards Dinner on June 1st. During the Awards Dinner, Adam Waterous will be honored as the recipient of the 2017 Canadian Lifetime Achievement Award in front of 300+ Sr. Energy Executives.
Aveda Transportation and Energy Services Inc. announced that it, in conjunction with its previously announced public offering of common shares of the company, intends to complete a concurrent non-brokered private placement of common shares at a price of 60 cents per common share for gross proceeds to the company of up to $400,000.
This comprehensive study targets oilfield services and oil and gas technology firms that aspire to become successful global exporters. The Going Global reports provide the inside intelligence and practical advice and tools needed to excel in this space.
Suncor Energy Inc. closed the previously announced sale of its Petro-Canada Lubricants Inc. (PCLI) business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments.
PHX Energy Services Corp. closed its bought deal public offering of 7,187,500 common shares of the at a price of $4 per share, which includes 937,500 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $28.8 million.
Quattro Exploration and Production Ltd. has signed a binding term sheet with Advisco Capital Corp., a New York-based private finance company, for the provision by Advisco of a secured revolving credit facility and secured term loan in the aggregate amount of C$15 million.
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