Suncor Energy Inc.’s capital program of between $4.5 and $5 billion for 2018 and average upstream production of 740,000 to 780,000 boe/d at the midpoint of these ranges represent a year-over-year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.
Seven Generations Energy Ltd.'s board of directors has approved 2018 capital investment of $1.675 to $1.775 billion, which will target an average production range of 200,000 to 210,000 boe/d in 2018 and build the longer-term capacity to produce 220,000 to 240,000 boe/d in 2019.
Sayer Energy Advisors has been engaged to assist Tangle Creek Energy Ltd. (“Tangle Creek” or the “Company”) with the marketing of its non-core producing oil and natural gas properties in the Chip Lake, Leaman, McLeod, Pine Creek and Sinclair areas of Alberta.
American Petroleum Institute (API), Asociación Méxicana de Empresas de Hidrocarburos (AMEXHI), and the Canadian Association of Petroleum Producers (CAPP) noted that the current NAFTA is a “success story” for energy and the three countries should “do no harm.”
The National Energy Board (NEB) has released a series of audit reports along with an associated information advisory (IA) expecting all regulated companies to use the audit findings to improve their management systems.
Obsidian Energy Ltd. announced a US$8.5 million settlement with the U.S. Securities and Exchange Commission (SEC), regarding the lawsuit filed by the SEC on June 28, 2017 in the U.S. District Court for the Southern District of New York.
Traverse Energy Ltd. says that in the third quarter of 2017 it focused on land acquisition and evaluation in the Duvernay shale basin where it has accumulated approximately 64,000 acres (100 sections) of 100 per cent land.
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