CALGARY - Canadian Oil Sands Ltd. is cutting its quarterly dividend by 42 per cent as it aims to protect its balance sheet in a gloomy oil price environment.The Calgary-based firm (TSX:COS), whose main asset is a 37 per cent stake in the massive Syncrude oilsands mine north of Fort McMurray, Alta., said it plans to reduce its dividend to 20 cents from 35 cents when it reports its fourth-quarter earnings in late January.With the current dividend level, Canadian Oil Sands said its net debt would [Read more]
Archives for December 2014
Canadian Oil Sands Announces 2015 Budget
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) (COS) today announced its budget for 2015, which is marked by significantly lower capital expenditures, as Syncrude's major capital projects come to a close. This reinvestment included new or refurbished bitumen mining equipment to support decades of non-declining production and new technology to accelerate tailings reclamation. "With this budget, we are delivering a lower capital expenditure [Read more]
Dejour Moves Drill Rig to Woodrush
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE B.C. The Company has contracted Ensign Drilling Partnership to drill two wells at its Woodrush production complex. Rig arrival is [Read more]
Deep Well Announces Preliminary Results of the Sawn Lake SAGD Demonstration Project
EDMONTON, ALBERTA--(Marketwired - Dec. 3, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce preliminary results of the Sawn Lake Steam Assisted Gravity Drainage ("SAGD") Demonstration Project. For Phase 1 of the SAGD demonstration project, one SAGD well pair was drilled in the fourth quarter of 2013 to a depth of 650 meters and a horizontal length of 780 meters. After the construction of the SAGD facility for steam [Read more]
Petronas delaying decision on B.C. LNG as oil slump further squeezes economics
CALGARY - Malaysian energy giant Petronas said Wednesday it's delaying its proposed liquefied natural gas terminal near Prince Rupert, B.C., even though it's pleased with recent moves the provincial government has made to make the nascent LNG industry more competitive.Petronas acknowledged the B.C. government has "brought resolution to key policy matters," such as establishing a tax regime for LNG firms, detailing offsets for greenhouse gas emissions and gaining support from First Nations.But [Read more]
Devon Energy President and CEO, John Richels, to Retire July 31, 2015; Dave Hager, Devon COO, to Succeed Richels Effective Aug. 1, 2015
OKLAHOMA CITY--(BUSINESS WIRE)--John Richels (63), president and CEO of Devon Energy Corporation (NYSE: DVN), has announced his retirement effective July 31, 2015. The board of directors intends to elect Dave Hager (58), currently Devon’s chief operating officer, to succeed Richels as president and CEO. The board of directors has elected Richels vice chairman of the board, effective immediately, with the intent for Richels to replace Larry Nichols (72) as chairman upon Nichols’ retirement from [Read more]
PETRONAS statement regarding LNG development in British Columbia
VANCOUVER, Dec. 3, 2014 /CNW/ - PETRONAS announced today that the Government of British Columbia and Pacific NorthWest LNG have brought resolution to key provincial policy matters that provide added certainty required for advancing development of the proposed liquefied natural gas (LNG) facility in Port Edward, British Columbia. "I wish to extend my appreciation to the Government of British Columbia for its leadership towards achieving this key milestone," said Tan Sri Shamsul Azhar Abbas, [Read more]
MapR Chief Application Architect to Speak at Digital Oilfields Summit
SAN JOSE, CA--(Marketwired - Dec 3, 2014) - MapR Technologies, Inc., provider of the top-ranked distribution for Apache™ Hadoop®, today announced that Chief Application Architect Ted Dunning will present at the upcoming Digital Oilfields USA Summit held in Houston, TX. Additionally in December, MapR will speak on various Hadoop and big data topics at several regional meet ups. Hadoop is a significant aid in streamlining the oil and gas production industry, from testing [Read more]
Birchcliff Energy Ltd. Announces Quarterly Preferred Share Dividend
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that its Board of Directors has declared the following dividends on its outstanding preferred shares: A quarterly cash dividend of $0.50 per share for the calendar quarter ending on December 31, 2014, on Birchcliff's outstanding Cumulative [Read more]
Southern Pacific Launches Review of Capital Structure and Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced that its Board of Directors has initiated a process to identify, examine and implement strategic and financial alternatives available to the Company in order to address its liquidity and capital structure. Strategic and financial alternatives may include, but are not limited to, the sale of the Company or all or a portion of its assets, [Read more]
- « Previous Page
- 1
- …
- 25
- 26
- 27
- 28
- 29
- …
- 31
- Next Page »