An oil price of $50 a bbl would drain Saudi Arabia’s vast financial reserves in a few years, given that the Middle East monarchy is loath to cut spending, the Calgary Chamber of Commerce heard on Wednesday.
February 5, 2015, 9:29 AM MST
February 5, 2015, 11:53 AM MST
Pummeled by low prices, Suncor Energy Inc.’s net earnings fell to $84 million (six cents per common share) in the fourth quarter of 2014, from $443 million (30 cents per common share) in the same quarter a year ago, but the company says it is financially prepared for a lower crude price environment.
February 5, 2015, 11:38 AM MST
MEG Energy Corp.’s annual production for 2014 averaged 71,186 bbls per day, an increase of 102 per cent over 2013 volumes of 35,317 bbls per day, marking the company’s seventh consecutive year of annual production gains.
February 5, 2015, 11:27 AM MST
Despite the sudden departure of its chief executive, it’s business as usual at Savanna Energy Services Corp., the service contractor’s interim head told the Bulletin this morning.
February 5, 2015, 11:59 AM MST
Newly-formed Prairie Storm Energy Corp. is looking to acquire, develop and exploit “industry leading, large-scale oil and gas assets” in select regions of Western Canada, the company said yesterday after closing an equity financing.
February 5, 2015, 10:01 AM MST
TORC Oil & Gas Ltd. has agreed to acquire light oil assets, which are complementary to the company’s existing conventional assets in southeastSaskatchewan.
February 5, 2015, 9:04 AM MST
Canadian Natural Resources Limited will go to trial next year after pleading not guilty to all charges laid under the Alberta Environmental Protection and Enhancement Act, a government spokesman said Wednesday.
February 5, 2015, 7:38 AM MST
The Alberta Energy Regulator (AER) and the province’s Aboriginal Consultation Office (ACO) have spelled out a new procedure for companies consulting with First Nations before starting oil and gas activity in Alberta.
February 5, 2015, 8:24 AM MST
Pulse Seismic has 3D data for evaluating the February 11 Alberta land sales in the TWP 33-41 RGE 27 W4M to RGE 5 W5Marea.
February 5, 2015, 7:51 AM MST
Do you have a GORR you would like to sell?
February 5, 2015, 6 AM MST
Spectra Energy Corp. says it is continuing to work on further enhancements to its Express and Platte pipelines, including pursuing the construction of on-system storage on Express to allow for additional contracted capacity.
February 5, 2015, 8:40 AM MST
February 5, 2015, 9:37 AM MST
February 5, 2015, 9:39 AM MST
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February 5, 2015, 6 AM MST
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February 5, 2015, 7:49 AM MST
Perpetual Energy Inc.’s proved and probable reserves increased by close to 70 per cent (67 per cent per share) year-over-year, largely driven by the recognition of reserves from the East Edson joint venture, but also materially impacted by additions in West Edson from Perpetual’s capital investment program in 2014.
February 5, 2015, 10:26 AM MST
Marquee Energy Ltd. increased its total proved plus probable reserves to 20.02 million boe exiting 2014, up from 17.19 million boe a year earlier.
February 5, 2015, 10:25 AM MST
February 5, 2015, 10:06 AM MST
The industry was born 50 years ago with the largest single private investment made in Canada to that date – a $250-million bet by a forerunner of today’s Suncor Energy Inc. Now, oil sands producers are well underway utilizing SAGD extraction methods to enhance oil recovery projects.
February 5, 2015, 10:03 AM MST
A Canadian Enerdata weekly survey of Canadian natural gas showed a total of 403.6 bcf of gas in storage for the week ended Jan. 30, 2015, down 4.1 per cent from 420.8 bcf the previous week.
February 5, 2015, 11:57 AM MST
February 5, 2015, 10:10 AM MST
Wanted: P/T CFO Role
February 5, 2015, 6 AM MST
Ivanhoe Energy Inc. announces that its specific services contract on Block 20 in Ecuador is being terminated by mutual consent between Ivanhoe and Petroamazonas EP, Ecuador’s state-run oil company.
February 5, 2015, 9:34 AM MST
DIVERGENT Energy Services Corp. says it has entered into a five-year service agreement with a Calgary-based oil company for the supply and installation of its linear electric submersible pumps.
February 5, 2015, 10:46 AM MST
Huntington Exploration Inc. announces that it has appointed Kenway Mack Slusarchuk Stewart LLP as the company’s auditor, effective Feb. 3, 2015.
February 5, 2015, 9:30 AM MST
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