Imperial Oil Limited did not move any of its own volumes via crude-by-rail during the second quarter but could slowly increase volumes if conditions warrant as 2020 continues to unfold, CEO Brad Corson told the company’s second quarter conference call Friday.
August 4, 2020, 7:44 AM MDT
Imperial Oil Limited CEO Brad Corson says the company’s Kearl oilsands mine delivered “very positive” results in the second quarter relative to the company’s revised guidance issued in March of this year despite ongoing industry challenges associated with demand destruction caused by the COVID-19 pandemic.
August 4, 2020, 8:20 AM MDT
Imperial Oil Limited’s top executive says several steps taken by the company to protect its Kearl Lake workforce in response to a COVID-19 outbreak in early May have been effective and the facility has been deemed free of the virus.
August 4, 2020, 12 AM MDT
Members of the Canadian Association of Oilwell Drilling Contractors (CAODC) recorded only 2,657 operating days in the second quarter in Western and Northern Canada, down from 7,403 a year ago.
August 4, 2020, 12 AM MDT
Bow River Energy Ltd. (“Bow River” or the “Company”) has engaged Sayer Energy Advisors to assist with the marketing and consummating a transaction with respect to all of the Company’s oil and natural gas properties.
August 4, 2020, 7:02 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”).
August 4, 2020, 6:52 AM MDT
On June 30, 2020, Northern Silica Corporation and its subsidiaries (“NSC” or the “Company) became subject to an order (the “Initial Order”) by the Court of Queen’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). Alvarez & Marsal Canada Inc. was appointed Monitor.
August 4, 2020, 6:57 AM MDT
Evaluate Energy — the global oil, natural gas and renewables data and analysis business — has unveiled a suite of ESG solutions.
August 4, 2020, 7:09 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.
August 4, 2020, 6:56 AM MDT
Trican Well Service Ltd.’s currently-identified opportunities to improve profitability include implementing ‘Lean Six Sigma’ efficiency initiatives to make the company leaner and more cost-effective.
August 4, 2020, 9:22 AM MDT
Hexion Inc. and Wayfinder Corp. announced a “strategic partnership” that joins Hexion’s leading resin and chemical expertise with Wayfinder’s new state-of-the-art manufacturing facility and logistics network.
August 4, 2020, 9:30 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Aug.4, 2020, as reported this morning by Rig Locator.
August 4, 2020, 11:44 AM MDT
In light of the current commodity price environment, Obsidian Energy Ltd. has deferred development spending and plans for a reduced second-half 2020 capital expenditure program of approximately $13 million.
August 4, 2020, 10:53 AM MDT
Baytex Energy Corp. previously announced voluntary production shut-ins of approximately 25,000 boe/d. These volumes remained offline for April and May.
August 4, 2020, 12 AM MDT
Wilks Brothers, LLC has submitted what it called a “superior alternative recapitalization transaction” to the board of directors of Calfrac Well Services Ltd.
August 4, 2020, 7:21 AM MDT
Evaluate Energy has boosted its coverage of global upstream hedging heading into the Q2 2020 reporting season for oil and gas producers.
August 4, 2020, 7 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?
August 4, 2020, 6:50 AM MDT
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August 4, 2020, 12 AM MDT
Journey Energy Inc. extended its forbearance agreement with its banking syndicate.
August 4, 2020, 6 AM MDT
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August 4, 2020, 9:37 AM MDT
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