The premier of Newfoundland and Labrador announced today the first step into a new frontier for the province’s oil and gas industry — deepwater production.
July 26, 2018, 6:48 AM MDT
As Husky Energy Inc. and its Norwegian partner Equinor decide whether to proceed with the long-term Bay du Nord deepwater development, the Calgary-based company has other offshore Newfoundland projects for the near and medium term.
July 26, 2018, 11:45 AM MDT
Laricina Energy Ltd. says it has entered into a pre-acquisition agreement with Canadian Natural Resources Limited, which has agreed to make an offer to shareholders of Laricina to purchase all of the issued and outstanding common shares of the company for 8.15 cents per share, in cash.
July 26, 2018, 12 PM MDT
Alberta brought in $11 million at this week’s land sale, with the government selling 39,904 hectares at an average price of $275.60 per hectare.
July 26, 2018, 9:28 AM MDT
Syncrude is on target to meet a plan to restart all its processing units which were shut down in June after it experienced a site-wide disruption as a result of a power failure, the CEO of Suncor Energy Inc. said today.
July 26, 2018, 11:18 AM MDT
The rhetoric has been flying this week between U.S. President Donald Trump and Iranian President Hassan Rouhani. Trump as much as threatened nuclear annihilation on the Islamic Republic in a caps filled Tweet in response to Rouhani telling a gathering of diplomats in Tehran that war with Iran would be “the mother of all wars.” The U.S. president chose to ignore the second part of the Iranian president’s sentence in which he added “… and peace with Iran is the mother of all peace.”
July 26, 2018, 7:44 AM MDT
Cenovus Energy Inc. CEO Alex Pourbaix asked investors for patience on Thursday as the company works on an agreement to ship large volumes of its crude by rail in order to manage ongoing market access issues.
July 26, 2018, 11:08 AM MDT
Crescent Point Energy Corp.’s search for a new president and CEO to replace Scott Saxberg continues in the face of pressure from a disgruntled shareholder, who says transparency in that effort and the company’s go-forward plan has been lacking.
July 26, 2018, 11:33 AM MDT
July 26, 2018, 8:19 AM MDT
Suncor Energy Inc. generated record second quarter cash flow with funds from operations of $2.9 billion and operating earnings of $1.2 billion even with the most significant turnaround maintenance schedule in its history.
July 26, 2018, 10:39 AM MDT
Husky Energy Inc. today announced a dividend increase as it reported a $448 million profit for the second quarter, reflecting improved oil prices and the benefits of upstream and downstream integration.
July 26, 2018, 10:23 AM MDT
Precision Drilling Corporation reported higher revenues due to improved activity levels and higher day rates in the second quarter of 2018 compared to a year earlier.
July 26, 2018, 9:43 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 26, 2018, as reported this morning by Rig Locator.
July 26, 2018, 11:20 AM MDT
A day after the resignation of David Harris, its president and CEO, AltaGas Ltd. announced today the expansion of its board to 12 seats from nine and appointed three new directors.
July 26, 2018, 9:23 AM MDT
July 26, 2018, 9:11 AM MDT
July 26, 2018, 8:27 AM MDT
July 26, 2018, 9:06 AM MDT
July 26, 2018, 8:46 AM MDT
Bellatrix Exploration Ltd. has entered into an agreement with funds advised by FS/EIG Advisor, LLC and FS/KKR Advisor, LLC to exchange US$80 million of the company’s outstanding 8.5 per cent senior unsecured notes due 2020 for US$72 million of 8.5 per cent second lien notes due 2023.
July 26, 2018, 8:15 AM MDT