HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE:SLB) today reported results for the third quarter of 2015. (Stated in millions, except per share amounts) Three Months Ended Change Sept. 30, 2015 Jun. 30, 2015 Sept. 30, 2014 Sequential Year-on-year Revenue $8,472 $9,010 $12,646 -6% -33% Pretax operating income 1,521 1,708 2,806 -11% -46% SLB income from continuing operations* 989 1,124 1,949 -12% -49% Diluted EPS from continuing [Read more]
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Rifle Shot Oil Corp. Announces Closing of Acquisition and Provides Update
CALGARY, Oct. 15, 2015 /CNW/ - Rifle Shot Oil Corp. ("Rifle Shot" or the "Company") is pleased to announce that it has completed the acquisition of assets in the Redwater area of Alberta. The acquisition includes 550 boe/d (90% light oil) of high working interest, operated, low decline, high netback oil production and associated infrastructure. With the closing of this acquisition, Rifle Shot has increased company production to over 1000 boe/d (90% oil) in the greater Redwater and Provost [Read more]
Trudeau calls former Liberal campaign co-chair letter to pipeline officials ‘inappropriate’
Liberal Leader Justin Trudeau has said that his former campaign co-chair Dan Gagnier's letter pushing for the Energy East pipeline to be built was "inappropriate," and that Gagnier has decided to step down from Trudeau's team for the "long-term future." Yesterday it was revealed that Gagnier has sent a detailed letter to five TransCanada Corp. executives behind the Energy East pipeline, outlining how they could best lobby a government (including a Liberal government) to have the pipeline [Read more]
Alberta Earns $3.7 million in October 14th Land Sale
Yesterday's sale results are in and the numbers must be disappointing for the Alberta government. At $3.7 million, this is the lowest result of the year except for the May 13th sale that came immediately after this spring's provincial election when we saw a new government elected. The chart below shows the complete trend for 2015. In total there were 90 parcels sold at an average price of $140.77 per hectare. The largest bidder was Trilogy Resources who spent $1.1 million on 2 [Read more]
Cequence Energy Announces Review of Strategic Alternatives
CALGARY, Oct. 14, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) announces that its Board of Directors has determined that it is timely, prudent and in the best interests of shareholders to initiate a formal process to explore strategic alternatives with a view to enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a sale of a material portion of Cequence's assets, a [Read more]
Alberta Premier Notley creates advisory panel to diversify economy
EDMONTON - Premier Rachel Notley has struck a committee to give her ongoing advice on ways to improve and diversify Alberta's oil-based economy.Notley says the 10-member panel is to meet four times a year to discuss ways to better position the province to compete in the global marketplace."The province's future is at stake and questions like these need very practical answers," Notley told reporters Wednesday."They will advise us on identifying, promoting and developing a means of growth beyond [Read more]
Pembina Pipeline Corporation Completes Redemption of Series C and Series E Convertible Debentures
CALGARY, Oct. 14, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has completed the previously announced redemption (the "Redemption") of its outstanding Series C 5.75% convertible unsecured subordinated debentures (TSX: PPL.DB.C) (the "Series C Debentures") and its outstanding Series E 5.75% convertible unsecured subordinated debentures (TSX:PPL.DB.E) (the "Series E Debentures" and together with the Series C Debentures, the [Read more]
B.C. premier remains confident in LNG despite energy market decline
VANCOUVER - Premier Christy Clark is defending her optimism on British Columbia's fledgling liquefied natural gas industry, despite growing First Nations protests and sinking international demand.Speaking at the third annual International LNG in B.C. conference, the premier maintained her rosy outlook in a speech to hundreds of business, government and aboriginal leaders in Vancouver."If you're not from British Columbia, you won't know that I'm always accused by my political opponents of being [Read more]
Suncor may be shopping, but others in oilpatch seen staying on sidelines for now
CALGARY - Just because oilsands giant Suncor Energy is aiming to gobble up one of its smaller peers doesn't mean others in the oilpatch are eager to do the same just yet, industry players told an energy conference Wednesday.The pace of mergers and acquisitions in the industry is expected to be relatively limited for the time being, said Drew Ross, managing director of Scotia Waterous, the arm of Scotiabank that focuses on oil and gas deals."I can't see it as broad-spread, unfortunately, as I [Read more]
The Liberal tax plan upon closer inspection
Before Canadians went home for the Thanksgiving long weekend, Justin Trudeau and the Liberal Party gained significant momentum in the polls. If going to work with yet another leftover turkey sandwich for lunch wasn't enough to cause an upset stomach, it is beginning to look like the Liberal lead is here to stay. Ground zero of the outbreak in Liberal popularity is the most recent TV commercial released by the party. In this country, the campaign trail is an equal playing field when it comes [Read more]