Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 85 actively drilling according to data collected by Baker Hughes for the week of April 28. Drilling activity is starting to slow down, but still very active in comparison to last year’s count. Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick up again. From one [Read more]
Archives for April 2017
Imperial Oil CEO defends absence from oilsands consolidation trend
CALGARY - CEO Rich Kruger said Friday his company has not been idle while other major Canadian producers snapped up oilsands assets from foreign rivals over the past year. The head of Imperial Oil (TSX:IMO) said the Calgary-based company, one of the top four oilsands producers in Canada, has been busy building and commissioning its Kearl oilsands mining project where the first phase started in 2013 and the second phase in 2015. It has also been dealing with operational issues at its [Read more]
SDG&E Offers Tips For Safe Tree Planting This Arbor Day
SAN DIEGO, April 28, 2017 /PRNewswire/ -- Today, many Americans will take action to improve their communities by planting a tree in support of the Arbor Day Foundation's National Arbor Day. As the tree celebrations begin, SDG&E is reminding customers and landscapers to plant the "Right Tree in the Right Place" and to practice safe digging by calling 8-1-1, a free service to identify area utility lines, before planting. "Healthy trees help clean the air we breathe, prevent erosion and [Read more]
Radiation: A Conversation beyond Chernobyl and Fukushima
TORONTO, April 28, 2017 /CNW/ - April 28, the National Day of Mourning, reminds us that despite the progress our society has made towards making many facets of our lives better and safer, more than 850 Canadians a year lose their lives due to workplace injuries and disease. No other number but zero is acceptable, and in that light the current statistic is simply distressing. More than half of lives lost are due to occupational disease. Many experts believe the actual number may be much higher, [Read more]
Alberta Energy Regulator says will appeal Redwater case to Supreme Court
CALGARY - The Alberta Energy Regulator said Friday it will appeal to the Supreme Court of Canada a case that pits creditors' rights to oil and gas assets against environmental liabilities. The lawsuit involving bankrupt Redwater Energy Corp. has been closely watched as a precedent-setting case, as financial difficulties continue to afflict the oil and gas industry after more than two years of low commodity prices. On Monday, the Alberta Court of Appeal upheld in a 2-1 decision a [Read more]
Hatch to participate in Valorisation Carbone Québec project to reduce GHG emissions
MISSISSAUGA, ON, April 28, 2017 /CNW/ - Hatch has announced that it will provide engineering and project delivery services in support of the Valorisation Carbone Québec project. The work is part of a collaborative agreement with CO2 Solutions Inc. (TSX-V: CST) that focuses on carbon capture and reuse systems in taking a stronger stance on battling climate change. As part of the project, Hatch will assist CO2 Solutions in optimizing carbon capture and reuse [Read more]
Imperial announces first quarter 2017 financial and operating results
Earnings of $333 million, an increase of $434 million compared to the same period of 2016 Strong petroleum product sales driven by long-term, high value supply agreements Upstream production impacted by a fire at the Syncrude Mildred Lake upgrader CALGARY, April 28, 2017 /CNW/ - First quarter (millions of Canadian dollars, unless noted) 2017 2016 % Net Income (loss) (U.S. GAAP) 333 (101) 430 Net Income [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2017
CALGARY, April 28, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three months ended March 31, 2017. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2017, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]
Exxon Mobil’s 1Q profit more than doubles
IRVING, Texas - Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled. The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the three month period, up from $1.81 billion, or 43 cents per share, a year earlier. It's the first year-over-year profit gain for Exxon since the third quarter of 2014, when the price of oil was just beginning a plunge that took it below $30 a [Read more]
Noble Energy to Present at Upcoming Energy Conference
Houston, April 28, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) announced today that Gary W. Willingham, the Company’s Executive Vice President of Operations, will present at the Citi Global Energy & Utility Conference on Wednesday, May 10, 2017 at 2:00 p.m. Eastern Time. The presentation will be webcast live on the ‘Investors’ page of the Company’s website, www.nblenergy.com. Presentation materials and a replay of the event will also be available at the same web location. [Read more]
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