Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to provide an update of Duvernay drilling and completion operations at Kaybob, Alberta. Kaybob, Alberta At Kaybob, Yoho operated the drilling and completion of the first two horizontal Duvernay development wells from a pad site at 15P-16-62-21 W5 targeting the Devonian Duvernay shale. The first well located at 14-21-62-21 W5 (75% working interest) was drilled to a measured depth of 4,943 meters. The horizontal [Read More…]
Headlines
Oil below US$97 as supply fears ease on reports of possible US-Iran talks
By The Associated Press NEW YORK, N.Y. - Oil prices fell below US$97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. In midday trading in New York, benchmark West Texas Intermediate crude for March delivery was down $1.43 to US$96.34 a barrel. Brent crude, the benchmark used to set prices for oil imported by many U.S. refineries, was down $1.04 to US$115.72 in London. Oil prices have been rising steadily since they traded near $86 a barrel [Read More…]
TSX heads lower amid falling commodities, rising European concerns
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market is sharply lower at the open amid falling commodity prices and another round of worry centred on the eurozone. The S&P/TSX composite index fell 98.45 points to 12,670.38 as traders took some profits from respectable gains in January. The Canadian dollar was unchanged at 100.27 cents US. Spain is generating concern as the government is increasingly embroiled in a corruption scandal. On the weekend, [Read More…]
Cequence Energy provides operational update
Cequence Energy Ltd. ("Cequence" or the "Company") (TSX:CQE.TO - News) is pleased to provide the following operational update. Montney, Simonette Area Cequence's fall/winter drilling program includes four Montney wells at Simonette with initial results as follows: A 100 percent working interest well at 3-18-61-26W5 has tested for 2.5 days at a final flow rate of 12.9 mmcf/d of natural gas plus liquids at a flowing pressure of 1775 psi. The well is expected to be producing into the [Read More…]
VIDEO: Could natural gas be Greece’s financial savior?
As one of the world's most troubled debt-ridden countries, rarely does any news out of Greece give hope to a recovery for that nation. But according to reports, there may be up to 123 Tcf of natural gas offshore Greece--equivalent to 6 years of aggregate EU gas consumption. Watch the report courtesy Al Jazeera: [Read More…]
Oil follows stocks higher after US jobs report
NEW YORK - Oil prices rose Friday as traders took their cue from the soaring stock market, after some initial disappointment with the latest report on U.S. employment Hopes of stronger economic growth in the U.S. and abroad helped push the U.S. stock market to a five-year high in January and sent crude prices up. When economies expand, more gasoline, diesel and jet fuel are consumed by shippers and travellers. U.S. employers added 157,000 jobs in January, and hiring was much [Read More…]
Redford names David Manning Alberta’s envoy to Washington
CALGARY - The Alberta government is choosing energy experience over political acumen to represent the province's interests in Washington and Ottawa. Premier Alison Redford has named a former president of the Canadian Association of Petroleum Producers to be the province's envoy in Washington, D.C. David Manning has extensive experience in the oil and gas sector and is a one-time deputy energy minister. He at one time was an executive and chief environment officer for [Read More…]
Weekly Canadian Rig Count nearly unchanged from last week
[table] [attr style="width: 20%"]`[attr style="width: 30%"]`[attr style="width: 25%"]Oil`[attr style="width: 25%"]Gas [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`473`152 Last Week`474`147 Last Year`515`194 Week over Week Change`-1`+5 Year over Year Change`-42`-42[/table] [table] [attr style="width: 20%"]`[attr style="width: 30%"]`[attr style="width: 25%"]Oil`[attr style="width: 25%"]Gas [attr rowspan="5" [Read More…]
32 die, 121 treated in Mexico oil company headquarters blast, cause unknown
MEXICO CITY - Rescuers searched for survivors Friday and authorities promised a thorough investigation after an office building blast killed 32 people and injured 121 at the headquarters of Mexico's state-owned oil company, Petroleos Mexicanos. The cause of the basement explosion in an administrative building next to the iconic, 51-story Pemex tower in Mexico City remained a mystery, with President Enrique Pena Nieto urging people not to speculate. Theories ranged from an electrical [Read More…]
Chevron profit up 41 per cent on asset exchange gain, improving refineries, higher production
Chevron says net income rose 41 per cent in the fourth quarter as the company produced more oil and gas, improved performance of its refinery business and realized a gain from swapping assets in an Australian natural gas field. Chevron Corp. posted net income of $7.2 billion for the quarter on revenue of $60.6 billion. That's up from $5.1 billion on revenue of $60 billion a year ago. On a per-share basis, Chevron earned $3.70. Analysts had expected the company to earn $3.07 per [Read More…]
