In an effort to speed up the abandonment and reclamation of orphan wells and help get the industry back to work, the Alberta government will provide a $235 million loan to the industry-funded Orphan Well Association, Premier Rachel Notley announced today.
While there has been growing talk about Montney consolidation, Storm Resources Ltd., an intermediate natural gas weighted player at Umbach in northeast British Columbia, is in no hurry to join the parade, shareholders heard Wednesday.
According to the most recent consolidated monthly production figures published by the U.S. Energy Information Administration (EIA), U.S. crude oil output increased by a sharper than expected 190,000 bbls a day in February, to 9.03 million bbls per day, the International Energy Agency (IEA) noted in its recent monthly oil report.
y agreement between PricewaterhouseCoopers Inc. LIT, court appointed Receiver and Manager ("Receiver") of Southern Pacific Resources Corp. et al (the "Company") and Houlihan Lokey ("Financial Advisor") the bid deadline for court approved process the court approved sales process of the Company's assets has been extended to June 30, 2017.
We sat down with JWN’s vice-president of sales and marketing, Donovan Volk, who has been responsible for the evolution of the COSSD since 2015, to get an inside look at the strategy for the COSSD in the face of depressed oil prices and a struggling energy service sector.
Canadian Energy Services & Technology Corp. posted stronger results for the first quarter of 2017, reflecting the improvement in commodity prices that has led to a rebound in activity in the oil and gas industry.
Sunshine Oilsands Ltd. was informed by its major shareholder, Sun Kwok Ping, the executive director and chairman of the board of directors of the corporation, that on May 18, 2017, Sun acquired a total of four million shares through on-market purchases for an aggregate consideration of HK$1,100,000.
JWN is a division of an information communications company.
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