Suncor Energy Inc. today extended condolences to the family of Rick George, former president and chief executive officer of the company, who passed away in Calgary on Aug. 1, as a result of complications from AML.
August 2, 2017, 12:22 PM MDT
Non-oilsands drilling activity in Western Canada has increased significantly for the first half of 2017, says an industry analyst, with more than twice as many wells spudded in the six-month period when compared to the same timeframe one year prior.
August 2, 2017, 6 AM MDT
Tuesday’s agreement securing a long-term Japanese customer for the Ridley Island propane export terminal was a welcomed “step in the right direction” for the Canadian energy sector, giving hope that other West Coast export projects could follow, says one industry representative.
August 2, 2017, 12 AM MDT
A busier drilling climate on both sides of the Canada-U.S. border drove increased activity for Trinidad Drilling Ltd. in the second quarter and first half, the company said today.
August 2, 2017, 11:21 AM MDT
“Skill and luck” are the reasons why Pembina Pipeline Corporation has largely invested in growth areas such as the Montney and Duvernay, and why the company is currently less invested in the oilsands, says top brass.
August 2, 2017, 11:06 AM MDT
Gibson Energy Inc. says it plans to sell off its United States environmental services business by the end of the fiscal year as it focuses on infrastructure assets, including continued crude oil infrastructure investment.
August 2, 2017, 7:46 AM MDT
AECO spot prices fell more than 28 per cent in July to an average of C$1.71 per gigajoule from $2.39 per gigajoule in June as maintenance work on the NOVA Gas Transmission Ltd. system at times affected the ability of interruptible shippers on the line to move their gas. This contributed to the volatility of the market, in which prices dipped as low as 20 cents for a couple of days.
August 2, 2017, 5:01 AM MDT
Baytex Energy Corp. will deal with its debt in due course, but current market conditions aren’t ideal for acquisitions and dispositions.
August 2, 2017, 12 AM MDT
Emissions Reduction Alberta (ERA) has $50 million in funding available to advance technology that can help industry reduce greenhouse gas emissions and improve the cost competitiveness of bitumen production and processing.
August 2, 2017, 6 AM MDT
As the Canadian market faces $50/bbl oil, stakeholders in the project delivery chain recognize that business models and processes need to change to be competitive, reduce costs and protect investments.
August 2, 2017, 6 AM MDT
Devon Energy Corporation’s second quarter net oil production in Canada decreased compared to the first quarter but was relatively flat from the same period last year as a scheduled plant turnaround at Jackfish 3 curtailed production by about 15,000 bbls per day.
August 2, 2017, 6:12 AM MDT
August 2, 2017, 10:22 AM MDT
August 2, 2017, 3:09 AM MDT
Birchcliff Energy Ltd. has completed a series of asset sales and expects to complete additional asset sales, including the sale of its Worsley Charlie Lake light oil pool, for total disposition proceeds of approximately $142 million (subject to closing adjustments).
August 2, 2017, 12 AM MDT
August 2, 2017, 6 AM MDT
Secure Energy Services Inc. completed of the acquisition of Ceiba Energy Services Inc.
August 2, 2017, 12 AM MDT
A shortened breakup period enabled Whitecap Resources Inc. to restart its Saskatchewan drilling program earlier than forecast as it spent $67.7 million of its $300 million capital budget for this year, the company said in reporting second quarter 2017 results.
August 2, 2017, 12 AM MDT
Cardinal Energy Ltd. now expects $60 million in development capital expenditures during the second half of the year, a reduction from the previous $68 million outlook.
August 2, 2017, 3:46 AM MDT
August 2, 2017, 9:57 AM MDT
August 2, 2017, 8:56 AM MDT
Former Liberal leader Gordon Wilson has been fired as liquefied natural gas advocate and says he hopes it doesn’t spell the end of the provincial program.
August 2, 2017, 9:43 AM MDT
August 2, 2017, 3:05 AM MDT
Horizon North Logistics Inc. narrowed its loss to $3 million (two cents per diluted share) in the second quarter versus $8 million (six cents a share) in the same period last year.
August 2, 2017, 9:16 AM MDT
Ron Schmitz, who currently sits on Blackbird Energy Inc.’s board of directors, has been appointed interim chief financial officer following the resignation of Jeff Swainson as chief financial officer and corporate secretary.
August 2, 2017, 3:52 AM MDT
Trident Exploration Corp. announced that through negotiations with two financial institutions, it has entered into an extendible revolving credit facility with a capacity of $20 million and a senior secured second lien term loan facility for proceeds of $60 million.
August 2, 2017, 9:31 AM MDT
August 2, 2017, 1:22 PM MDT
August 2, 2017, 6:16 AM MDT
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