The response to the Saudi/Russia oil price war has been swift in Canada — over $700 million of capital plans have been shelved over the past couple of days.
March 11, 2020, 7:24 AM MDT
MEG Energy Corp. is dropping its capital plan by 20 per cent to $200 million from the original $250 million budget announced in November 2019.
March 11, 2020, 3:36 AM MDT
Seven Generations Energy Ltd. has reduced its 2020 capital investment budget by 18 per cent, or $200 million, to $900 million.
March 11, 2020, 3:45 AM MDT
TransGlobe Energy Corporation now plans to spend $7.1 million (before capitalized G&A) and includes $5 million for Egypt and $2.1 million for Canada.
March 11, 2020, 3:55 AM MDT
Oil and gas companies are reducing dividends to shareholders in light of the unprecedented price volatility and weakness in global commodity markets stemming from COVID-19 and the Russia-Saudi Arabia price war.
March 11, 2020, 9:49 AM MDT
March 11, 2020, 11:22 AM MDT
March 11, 2020, 11:12 AM MDT
Sweet Gas Production — U.S. based, Canadian company has an immediate need for in excess of 560 103m3/day of dry, sweet gas in the Western Canadian Sedimentary Basin.
March 11, 2020, 9:15 AM MDT
This week’s DOB Backstory comes from the Feb. 2, 1946, edition of the Daily Oil Bulletin. Blasting was slated in an attempt to rejuvenate a depleted well using a technique based on years of study.
March 11, 2020, 11:13 AM MDT
March 11, 2020, 9:35 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 11, 2020, as reported this morning by Rig Locator.
March 11, 2020, 11:37 AM MDT
Bonterra Energy Corp. has committed to spending capital of approximately $25 million and will defer any additional drilling or completions capital investment until pricing is more supportive.
March 11, 2020, 9:22 AM MDT
Birchcliff Energy Ltd. is immediately deferring $65 million of capital expenditures (approximately 19 per cent of its previously announced capital budget) as a result of weakening and volatile oil prices.
March 11, 2020, 2:53 PM MDT
As the iconic fundraising event for Trout Unlimited Canada, The Calgary Water Conservation Dinner and Auction provides the financial foundation of the organization’s work in river and stream restoration, scientific research and education.
March 11, 2020, 7:12 AM MDT
Eight First Nations whose territory is affected by Quebec-based Gazoduq's proposed route have united and confirm the signing of an initial engagement agreement with the company.
March 11, 2020, 3 PM MDT
The Canada Energy Regulator (CER) will host a technical conference April 8, 2020 as part of its review of Enbridge Inc.’s application to introduce a new service and tolling framework for its Canadian Mainline.
March 11, 2020, 3:02 PM MDT
March 11, 2020, 11:29 AM MDT
Scott Newman has resigned as chief operating officer and director, effective immediately.
March 11, 2020, 1:36 PM MDT
Dan Reuter has resigned from the Bonterra Energy Corp. board of directors effective March 10, 2020.
March 11, 2020, 3:42 PM MDT
March 11, 2020, 10 AM MDT
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March 11, 2020, 10:05 AM MDT