CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) is throttling back capital spending in 2018, but plans to increase production to more than one million barrels of oil equivalent per day. Western Canada's largest heavy oil and natural gas producer says it is budgeting to spend $4.3 billion, down about $500 million from its estimated capital budget for 2017. Production, however, will rise by 17 per cent to about 1.13 million boe/d from about 970,000 boe/d this year as it ramps [Read more]
Headlines
Corridor Announces Commencement of Controlled Source Electromagnetic Survey Over the Old Harry Prospect
HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 7, 2017) - Corridor Resources Inc. (TSX:CDH) ("Corridor") is pleased to announce today that the planned controlled source electromagnetic ("CSEM") data program over the Newfoundland and Labrador sector of the Old Harry prospect has been approved by the Canada-Newfoundland Offshore Petroleum Board ("C-NLOPB"). The CSEM program, being undertaken by a third-party service provider, is expected to commence in the coming days and be completed by [Read more]
Perpetual Energy Inc. Releases Positive Third Quarter 2017 Financial and Operating Results
CALGARY, Nov. 7, 2017 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its third quarter 2017 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2017 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at [Read more]
XI’s Surface Casing & Regulatory Workshop – Thursday, November 23
XI Technologies will present a complimentary workshop Thursday, November 23, on the most efficient and effective workflows to satisfy regulatory obligations under AER Directive 008: Surface Casing Depth Requirements. Nick Chomack of XI Technologies’ Drilling Division will provide an overview of XI’s Surface Casing Report, a web app that draws on a compilation of data sources and allows users to easily search for all pressures/gradients in a particular area. The software then guides users [Read more]
Baker Hughes, a GE Company Announces October 2017 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2017 was 951, up 20 from the 931 counted in September 2017, and up 31 from the 920 counted in October 2016. The international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted in October 2016. The average US rig count for October 2017 was 922, down 18 from the 940 counted [Read more]
GeoCarta Data Management Module
Divestco is proud to announce the launch of an exciting new Data Management module for GeoCarta, our powerful GIS based mapping software that lets project teams explore, analyze, filter, map and extract public and proprietary data. GeoCarta for Data Management enables you to verify your data before it is added to the database, thus making sure the data is valid and of the highest quality. Validated data ensures better business decisions, saving time and money. Our Data Management Module [Read more]
Canadian Natural Resources Limited Announces 2018 Budget
CALGARY, ALBERTA--(Marketwired - Nov. 7, 2017) - Commenting on the Company's 2018 budget, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ), stated, "Canadian Natural's transition to a long life low decline asset base is complete, as the Horizon Phase 3 expansion has been successfully executed. The strength of the Company is reflected in the 2018 budget as we target overall production between 1,090,000 and 1,170,000 BOE/d. This represents a 17% increase over 2017 production levels [Read more]
Marquee Energy Ltd. Announces Executive Change
CALGARY, Nov. 6, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces that, effective November 3, 2017, Mr. Richard Thompson has resigned as President, Chief Executive Officer and Director of Marquee. Dr. William J.F. Roach will continue as the Interim Executive Chairman of the Board of Directors with the responsibilities of President and Chief Executive Officer. ABOUT MARQUEE Marquee is a Calgary based, junior energy company focused on high [Read more]
Journey Energy Inc. Reports its Third Quarter 2017 Financial Results
CALGARY, Nov. 6, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2017. The complete set of financial statements and management discussion and analysis are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2017 HIGHLIGHTS Highlights for the third quarter and to date are as follows: Achieved production of 10,088 boe/d, [Read more]
Pembina Pipeline Corporation Announces $290 Million of Duvernay Infrastructure Development
CALGARY, Nov. 6, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has executed further agreements ("Service Agreements") whereby the Company will construct and operate the first tranche of infrastructure development under its previously announced 20-year infrastructure development and service agreement (the "Agreement") with Chevron Canada Limited ("Chevron"). The Agreement includes over 230,000 acres of land dedication by Chevron in [Read more]