In its new Liability Management Framework released today, the Alberta government for the first time will require the reclamation of inactive oil and gas well sites, rather than allowing companies to choose whether to do so.
July 30, 2020, 6:08 AM MDT
Although he was “certainly disappointed” when Frankfurt-based Deutsche Bank announced Tuesday it won’t back new oilsands projects, Husky Energy Inc. CEO Rob Peabody said the move won’t affect the company.
July 30, 2020, 11:47 AM MDT
Husky Energy Inc. reported a second quarter net loss of $304 million compared to net earnings of $370 million during the same period in 2019 as earnings were impacted by the COVID-19-related economic downturn.
July 30, 2020, 10:53 AM MDT
TC Energy Corporation says it expects to begin shipping another 50,000 bbls/d of earlier-contracted heavy crude on the Keystone pipeline in 2021 with the use of drag reducing agents (DRA).
July 30, 2020, 11:18 AM MDT
The Coastal GasLink project in northeastern British Columbia is conducting a review of baseline cost and schedule to incorporate scope increases, permit delays and COVID-19 impacts, says TC Energy Corporation.
July 30, 2020, 11:51 AM MDT
PLEASE BE ADVISED that this Notice is being published pursuant to a pledge agreement dated December 21, 2016 (the “Original Pledge Agreement”), executed by HARVEST INTERNATIONAL NEW ENERGY CO., LTD. in favour of THE EXPORT-IMPORT BANK OF CHINA (the “Secured Party”), as amended and restated by the amended and restated pledge agreement dated September 12, 2018 (together with the Original Pledge Agreement, the “Pledge Agreement”).
July 30, 2020, 6:34 AM MDT
The impact of COVID-19 is dramatic and far-reaching. It has changed everything from how we function in our daily lives to the health of the global economy. It’s no surprise, then, that the pandemic is affecting Canada’s oil and gas industry.
July 30, 2020, 6:38 AM MDT
With commodity prices stabilizing after the pandemic-induced collapse, Calfrac Well Services Ltd. expects a slow, steady recovery in field activity in the remainder of 2020. However, it has less clarity on any longer term recovery, company president and chief operating officer Lindsay Link told analysts at the company’s second quarter of 2020 conference call on Thursday.
July 30, 2020, 4:30 PM MDT
Evaluate Energy has boosted its coverage of global upstream hedging heading into the Q2 2020 reporting season for oil and gas producers.
July 30, 2020, 6:53 AM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
Whitecap Resources Inc. is well positioned to seize opportunities as the oil and gas industry enters a consolidation phase, says chief executive officer Grant Fagerheim.
July 30, 2020, 11:06 AM MDT
Painted Pony Energy Ltd. announced a deal with its syndicate of lenders to extend its annual borrowing base redetermination date from July 31, 2020 to Aug. 31, 2020.
July 30, 2020, 3:23 PM MDT
North American Construction Group Ltd. (NACG) saw revenue drop for the second quarter of this year as oilsands customers, particularly at the Kearl and Syncrude mines, put in place temporary restrictions as part of risk-mitigation measures in the fight against the spread of COVID-19.
July 30, 2020, 2:49 PM MDT
Altura Energy Inc. and its lender have agreed to further extend the credit facility renewal from July 31, 2020 to Aug. 31, 2020 to provide sufficient time to apply for the proposed federal support programs being initiated through the Export Development Bank of Canada and the Business Development Bank of Canada.
July 30, 2020, 3:32 PM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 30, 2020, as reported this morning by Rig Locator.
July 30, 2020, 11:30 AM MDT
Crescent Point Energy Corp. says its capital expenditures for the year are trending to the lower end of its guidance of $650–$700 million due to expected well cost savings of over 10 per cent in 2020.
July 30, 2020, 11:21 AM MDT
Calfrac Well Services Ltd. reported a net loss of $277 million in the second quarter of 2020 as field activity in North America and Argentina ground to halt due to the COVID-19 pandemic.
July 30, 2020, 9:05 AM MDT
Tervita Corporation’s industrial service line results for Q2 2020 benefitted from the federal government’s $1.7 billion orphan and inactive well abandonment and site rehabilitation program. The company is a prime contractor with Alberta’s Orphan Well Association (OWA) and British Columbia’s Oil and Gas Commission (OGC).
July 30, 2020, 9:21 AM MDT
The Daily Oil Bulletin and Fluor Canada are searching for the best and brightest in the Canadian oil and gas industry to be our Rising Stars of 2020.
July 30, 2020, 6 AM MDT
Evaluate Energy Documents is a new way to surface oil and gas company information buried inside thousands of documents.
July 30, 2020, 6 AM MDT
The COVID-19 pandemic had a major impact on global M&A activity in the upstream oil and gas sector in the second quarter, according to a new report released today by Evaluate Energy in partnership with Deloitte.
July 30, 2020, 6 AM MDT
AltaGas Ltd. managed to do something in its second quarter that is somewhat unique these days in the Canadian oil and gas sector — produce a solid profit and even provide an optimistic outlook — despite the headwinds created by the COVID-19 pandemic.
July 30, 2020, 9:42 AM MDT
Do you have the right resources available to support compliance within a remote environment for the safety of your employees and to comply with your EHS legal and regulatory requirements?
July 30, 2020, 6 AM MDT
Myron Stadnyk has been appointed to Crescent Point Energy Corp.’s board of directors, effective July 30, 2020.
July 30, 2020, 9:20 AM MDT
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July 30, 2020, 8:04 AM MDT
Bonavista Energy Corporation the senior noteholders and existing shareholders approved the company's previously announced recapitalization transaction.
July 30, 2020, 3:36 PM MDT
Cenovus Energy Inc. has completed a public offering in the United States of US$1 billion in 5.375 per cent senior unsecured notes due 2025.
July 30, 2020, 7:27 AM MDT
Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation, and Algonquin Power & Utilities Corp. have signed a deal seeking to co-develop renewable power projects that will provide electricity to strategic assets across Chevron's global portfolio.
July 30, 2020, 7:43 AM MDT
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