SASKATOON, Saskatchewan, April 06, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to provide initial 30-day production (“IP30”) results for two of the three recently completed Viking horizontals in the Flaxcombe area. The Company would also like to announce that it has entered into a secured Financing Facility Agreement (the “Facility Agreement”) with UOG-BC Holdings Ltd., an affiliate of RC Morris & Company Special [Read more]
Headlines
Baker Hughes, a GE Company Announces March 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for March 2018 was 972, down 7 from the 979 counted in February 2018, and up 29 from the 943 counted in March 2017. The international offshore rig count for March 2018 was 185, down 9 from the 194 counted in February 2018, and down 12 from the 197 counted in March 2017. The average U.S. rig count for March 2018 was 989, up 20 from the 969 counted in [Read more]
Lifting Solutions Inc. Acquires Canadian Continuous Rod Service Assets From Multinational Service Company
Lifting Solutions Inc. establishes industry-leading platform for continuous rod service solutions EDMONTON AND CALGARY, ALBERTA – Lifting Solutions Inc. (“Lifting Solutions”) announced today that it has completed the acquisition of all the Canadian continuous rod service assets from a major multinational oilfield services company. Lifting Solutions total fleet size has increased from 70 to 320 pieces of equipment with service units capable of pulling and running continuous rod now totaling [Read more]
Questerre engages Hatch for engineering on Jordan oil shale project
CALGARY, Alberta, April 06, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) reported on the progress of the internal feasibility study for its oil shale project in Jordan. The Company has recently engaged Hatch Ltd. (“Hatch”), a global engineering firm, to integrate and support its internal work on the technical and economic feasibility of this project. Michael Binnion, President and Chief Executive Officer, commented, “This is an [Read more]
Pengrowth Provides First Quarter Operational Update and Announces Participation at the CAPP Scotiabank Investment Symposium
CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is pleased to provide an update on our operational progress during the first quarter of 2018 in accordance with our business plan. “I am excited by the execution and progress that our teams have achieved thus far, in my early tenure at Pengrowth”, said Pete Sametz, President and Chief Executive Officer of Pengrowth. “Through the successful delivery of our development program, which is centered [Read more]
Texas oil output surge clogs pipelines, depresses prices
NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. That has depressed prices there, posing a threat to future production, while providing a boost to pipeline companies as the lines have filled to near-capacity. With few new pipeline projects scheduled for this year, producers may be forced to slow [Read more]
Column: Trans Mountain needs a champion
Economists have warned that a lack of pipelines and massive discounts for Canadian heavy oil could cost the Canadian economy more than $15 billion this year, making projects like Kinder Morgan’s Trans Mountain Pipeline more important than ever. Unfortunately, Prime Minister Justin Trudeau’s lack of leadership and support for this important project has resulted in delays and interprovincial disputes that continue to escalate. Canada’s Prime Minister needs to champion Canadian energy projects [Read more]
Cenovus appoints Jonathan McKenzie as Chief Financial Officer
CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer. He will replace Ivor Ruste who, as previously announced, will retire on April 30, 2018. “We’re pleased to have Jon join Cenovus. His broad experience in the energy industry will be an asset to the company as we continue to focus on strengthening our balance sheet and lowering our cost structure,” said [Read more]
Husky Energy Announces Chief Financial Officer Resignation
CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced that Jon McKenzie, Chief Financial Officer, has resigned and will be leaving the Company effective April 5, 2018. “On behalf of the Board of Directors and our employees, I would like to thank Jon for his contributions to Husky,” said CEO Rob Peabody. Husky is executing against the five-year plan outlined at its 2017 Investor Day, and is meeting or exceeding stated targets. “We are returning cash to [Read more]
