Although North America is still out of balance in terms of natural gas supply and demand, there is some good news on the horizon, Gas Processing Association of Canada (GPAC) members heard Wednesday.
March 3, 2016, 9:12 AM MST
Most fossil fuel companies pay as little attention to competition from radical energy efficiency as whalers paid to the 1857 invention of a new clean-burning kerosene lamp that killed their industry, a world-renowned energy-efficiency expert recently told a Calgary crowd.
March 3, 2016, 8:44 AM MST
Canadian Natural Resources Limited has cut projected 2016 capital expenditures to between $3.5 billion to $3.9 billion previous guidance of $4.5 billion to $5 billion.
March 3, 2016, 11:58 AM MST
West Texas Intermediate (WTI) prices averaged US$20.21 per bbl over the first two months of 2016, down 36 per cent from January-February 2015, and a far cry from the high of $101.16 per bbl in 2012.
March 3, 2016, 7:48 AM MST
Service and supply companies with revenues under $5 million are being hit hard by the decline in field activity and pricing pressures from customers, according to a new comprehensive survey and study completed by JWN and partner Grant Thornton LLP.
March 3, 2016, 6 AM MST
Peyto Exploration & Development Corp. has revised its 2016 capital budget to between $500 million and $550 million from the previous estimate of $600 million to $650 million, (DOB, Nov. 12, 2015).
March 3, 2016, 11:16 AM MST
Baytex Energy Corp. says that based on the forward strip it has scrapped earlier plans to ramp up Canadian heavy oil development in the second half of 2016 as it has reduced its exploration and development budget by 33 per cent.
March 3, 2016, 11:39 AM MST
Trinidad Drilling Ltd. says it has acted decisively in reducing costs and cash outlays such as capital expenditures and dividends, and worked with its bankers for flexibility, enabling the company to manage through the current industry downturn.
March 3, 2016, 11:34 AM MST
Who better to learn all the important details about how the new royalty framework will affect your business from than the Chair of the Royalty Review panel himself, Dave Mowat? On Tuesday, March 8th join the Calgary Chamber for an after-work beverage at National on 8th and a chance to ask Mr. Mowat your toughest questions.
March 3, 2016, 7:29 AM MST
Calfrac Well Services Ltd. has named an interim CFO, and announced further layoffs in response to continuing weak demand in the oilfield services industry.
March 3, 2016, 6 AM MST
Nexen Energy ULC says it has laid off 120 Canadian employees as a result of the current downturn.
March 3, 2016, 6 AM MST
March 3, 2016, 6 AM MST
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March 3, 2016, 6 AM MST
Whitecap Resources Inc. says it has been proactive in dealing with the current challenges facing the industry, and the company.
March 3, 2016, 6 AM MST
To date in 2016, Painted Pony Petroleum Ltd. has drilled a total of seven (7.0 net) new wells and completed four (4.0 net) new wells.
March 3, 2016, 6 AM MST
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March 3, 2016, 10:21 AM MST
SECURE Energy Services Inc. announced an increase to the size of an earlier-announced financing.
March 3, 2016, 6 AM MST
Long Run Exploration Ltd. received approval from the Court of Queen's Bench of Alberta for the plan of arrangement in which Calgary Sinoenergy Investment Corp. will acquire all of the outstanding common shares of Long Run and all of Long Run's outstanding 6.40 per cent convertible unsecured subordinated debentures due Jan. 31, 2019.
March 3, 2016, 6 AM MST
Toro Oil & Gas Ltd. increased proved developed producing (PDP) reserves by 106 per cent to 1.8 million boe (67 per cent liquids) while similarly increasing total proved (TP) reserves and 2P reserves by 122 per cent to 4.1 million boe (72 per cent liquids) and 139 per cent to 5.7 million boe (72 per cent liquids), respectively.
March 3, 2016, 6 AM MST
Bayshore Petroleum Corp. and E-T Energy Ltd. plan to enter a definitive agreement to conclude the combination of the two companies.
March 3, 2016, 8:07 AM MST
On March 1, 2016, the board of directors of Sunshine Oilsands Ltd., having taken into account the current market conditions, consented to a further extension of the closing date for the remaining 413.52 million shares (HK$310.14 million or approximately C$53.5 million) subscribed by Prime Union to May 2, 2016 from March 2.
March 3, 2016, 6 AM MST
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March 3, 2016, 9:20 AM MST
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