CALGARY, Aug. 1, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2017. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Headlines
Oil falls 2 percent, weighed by ample OPEC supply
NEW YORK (Reuters) - Oil dropped about 2 percent from a two-month high on Tuesday as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had pushed the rally too far, too fast. Selling picked up in the late morning as oil broke below Monday's lows, with more than 925,000 U.S. futures contracts traded, making it the busiest day in the market in nearly three weeks. OPEC production rose in July, a Reuters survey found Monday, despite a [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Jul. 31 Bulk Plant Operator Canyon Technical Services Grande Prairie Jul. 31 Junior Oil Company Seeks Prospects Anonymous Calgary Jul. 30 EIC - Controls Technician TransCanada Edson Jul. 30 Pipeline [Read more]
Baytex Reports Solid Q2 2017 Results With 5% Production Growth and Strong Eagle Ford Performance
CALGARY, Alberta, Aug. 01, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2017 (all amounts are in Canadian dollars unless otherwise noted). “Driven by excellent capital efficiencies across our portfolio, we have been able to substantially grow production largely within funds from operations during the first half of the year at US$50/bbl oil prices. This is due to some of the [Read more]
Cona Resources Ltd. (formerly Northern Blizzard Resources Inc.) Announces Results of Change of Control Offer for 7.25% Senior Notes due 2022 and Redemption of Remaining Senior Notes
CALGARY, July 31, 2017 /CNW/ - Cona Resources Ltd. (formerly Northern Blizzard Resources Inc.) ("Cona" or the "Company") announces the final results and settlement of its offer (the "Offer") to purchase for cash any and all of its US$269.7 million outstanding 7.25% Senior Notes due 2022 (the "Notes"). The Company offered to purchase for cash any and all of the outstanding Notes at a purchase price equal to 101% of the principal amount of the Notes plus accrued and unpaid interest up to, but not [Read more]
Oil markets escape Venezuela sanctions for now
NEW YORK (Reuters) - U.S. oil markets had a muted reaction on Monday after Washington slapped sanctions on Venezuelan President Nicolas Maduro but experts say broader oil-sector and financial sanctions may be the only way to make the Venezuelan government feel economic pain. The move came after Sunday's vote creating a new legislative superbody with the power to dissolve state institutions such as the opposition-run Congress. Countries around the world denounced the vote while Washington called [Read more]
PSAC boosts oil, gas drilling forecast by 8 percent
Canadian light oil producers will drill more wells than previously expected this year as the sector benefits from investors transferring capital out of the oil sands, the Petroleum Services Association of Canada said on Monday In an update to its annual drilling forecast PSAC said 7,200 wells will be drilled this year, 8 percent higher than its prior estimate of 6,680 wells. The industry body said it had underestimated how fast investors looking for a swifter return on capital in a low oil price [Read more]
Canadian heavy oil plugs gap left by OPEC, Latam
Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of the Petroleum Exporting Countries and non-OPEC Latin American countries such as Mexico and Colombia, leading refiners as far away as China to look to Alberta's oil sands to fill the gap. The interest has boosted the price for heavy Western Canada Select (WCS) oil, which is within range of its [Read more]
Plan B: After investors pull out of B.C., interest in planned N.S. LNG facility up
HALIFAX - A Nova Scotia company looking to build a liquefied natural gas terminal on Canada's East Coast says it's seeing an uptick in interest since an LNG megaproject slated for the West Coast was scrapped last week. Paul MacLean with Bear Head LNG Corp., a subsidiary of Australia-based Liquefied Natural Gas Ltd., says after more than a year of wooing western Canadian shale gas producers, the Nova Scotia project is getting attention. "We've been working with western basin [Read more]
Environmentalists prepared to fight new oil and gas regulations in Quebec
MONTREAL - Opponents of oil and gas development in Quebec say they're prepared to ramp up their fight amid expectations that the provincial government could release new regulations on resource extraction in the coming weeks. At the end of last year, the government passed legislation to enable production of oil and natural gas. In May, Natural Resources Minister Pierre Arcand said rules governing that activity would be released a month later and since then, both industry and opponents [Read more]