REGINA - Saskatchewan is forecasting a $292-million deficit this year mainly due to low oil prices and the cost of fighting wildfires that forced thousands of people from their homes this summer.Finance Minister Kevin Doherty announced the red ink Monday in the province's first-quarter report for the 2015-16 fiscal year.The government projected a surplus of just under $107 million in its March budget."Lower oil prices combined with an unprecedented number of forest fires and the largest [Read more]
Archives for August 2015
Contango to Present at Upcoming Conference
HOUSTON--(BUSINESS WIRE)--Contango Oil & Gas Company (NYSE MKT: MCF) announced today that the Company will be presenting at the Barclays CEO Energy Conference in New York City, New York on Tuesday, September 8, 2015 at 3:45 p.m. EDT (2:45 p.m. CDT). A live audio webcast of the presentation can be accessed at https://cc.talkpoint.com/barc002/090815a_ae/?entity=26_C2EW0OT or by visiting the Company's website at http://www.contango.com. A copy of the presentation will be available in the "Investor [Read more]
WTI soars 6.43%
WTI is up again today after a strong rally closing last week. Currently sitting at $48.16, the price of oil is up close to ten dollars from $38.34 compared to last Monday. The rise comes as the EIA reported estimates of U.S. crude oil production in June 2015 at 9.3 million barrels per day (b/d), a decrease of approximately 100,000 b/d from the revised May 2015 figure. The largest revisions in volume include decreases of oil production in Texas (ranging from about 100,000 b/d to [Read more]
Oceaneering Appoints Suzanne Spera as Director, Investor Relations
HOUSTON, Aug. 31, 2015 /PRNewswire/ -- Oceaneering International, Inc. (NYSE: OII) announced today that Suzanne Spera has joined Oceaneering as Director, Investor Relations. Ms. Spera's business career spans over 15 years in investor relations for energy companies. From 2008-2015 she was the Director, Investor Relations at Rowan Companies plc. Prior to that, she held investor relations positions at Synthesis Energy Systems, Inc., Cheniere Energy, Inc., and Petroleum Geo-Services ASA. Ms. [Read more]
QEP Resources Announces Participation in an Upcoming Investor Conference
DENVER, Aug. 31, 2015 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) ("QEP" or the "Company") announced today that members of the Company's senior management will participate in the upcoming Barclays CEO Energy/Power Conference on Thursday, September 10, 2015 at 9:05 a.m. EDT (7:05 a.m. MDT). A link to the webcast and a copy of the presentation will be available at www.qepres.com. Attendees should log in to the webcast approximately 15 minutes prior to the presentation's start time. A replay [Read more]
Wet'suwet'en Chiefs say Unist'ot'en do not Speak for their Nations
Four Wet'suwet'en Chiefs challenge recent media coverage BURNS LAKE, BC, Aug. 31, 2015 /CNW/ - Wet'suwet'en First Nation Chief Karen Ogen, Nee Tahi Buhn Chief Ray Morris, Burns Lake Band Chief Dan George, and Skin Tyee Nation Chief Rene Skin, say they are disappointed at recent media coverage that represents the Unist'ot'en as speaking for their Nations, and that fails to represent the complexity of the issues. "We have long believed it is short sighted to turn down [Read more]
Wet'suwet'en Chiefs say Unist'ot'en do not Speak for their Nations
Four Wet'suwet'en Chiefs challenge recent media coverage BURNS LAKE, BC, Aug. 31, 2015 /CNW/ - Wet'suwet'en First Nation Chief Karen Ogen, Nee Tahi Buhn Chief Ray Morris, Burns Lake Band Chief Dan George, and Skin Tyee Nation Chief Rene Skin, say they are disappointed at recent media coverage that represents the Unist'ot'en as speaking for their Nations, and that fails to represent the complexity of the issues. "We have long believed it is short sighted to turn down [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Aug. 31, 2015) - Groundstar Resources Limited (the "Company") (TSX VENTURE:GSA) today announced that its audited annual financial statements, CEO and CFO certifications and management discussion & analysis (the "Annual Filings") for the year ended April 30, 2015 were not released as scheduled on August 28, 2015. It is now anticipated that the release will occur on or about September 15, 2015. The Company is late in the preparation of the Annual Filings due to [Read more]
Scotiabank predicts sub-US$50 a barrel oil for the next 12 months
CALGARY - Oil companies are in for at least another year of pain, according to Scotiabank's latest commodity price index.West Texas Intermediate crude is expected to stay below US$50 a barrel for the next 12 months, vice-president and commodity market specialist Patricia Mohr said in the report Monday.She sees some recovery to around US$55 a barrel by the end of next year."Global oil demand in 2015 has advanced at the fastest pace in five years... but a supply-side adjustment — necessary to [Read more]
Open Letter from Native Alaskans to President Obama
ANCHORAGE, Alaska, Aug. 31, 2015 /PRNewswire-USNewswire/ -- Leaders of the Arctic Slope Regional Corporation have placed an open letter in State news outlets, welcoming President Obama to Alaska but also warning him of the critical need to strike a balance between responsible energy development and environmental stewardship, within the Arctic. "As stewards of our Arctic homelands, we have a unique and very important interest in ensuring that any development activities in the Arctic are carried [Read more]
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