[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]
Headlines
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]
Exxon Mobil’s 4Q profit rises 6 per cent to $9.95 billion, helped by higher refining margins
DALLAS - Exxon says fourth-quarter earnings rose 6 per cent to $9.95 billion with help from higher profit margins in its refining business. The biggest U.S. oil company still makes most of its money by producing oil and gas, but that end of the business is less profitable than a year ago because of lower prices and production. Exxon is making up the difference at its refineries. The company said Friday that net income for the fourth quarter equaled $2.20 per share, compared with [Read more]
Imperial Oil announces estimated fourth quarter financial and operating results
Fourth quarter Twelve months (millions of dollars, unless noted) 2012 2011 % 2012 2011 % Net income (U.S. GAAP) 1,076 1,005 7 3,766 3,371 12 Net income per common share - assuming dilution (dollars) 1.26 1.18 7 4.42 3.95 12 Capital and exploration [Read more]
Changed Number of Outstanding Shares in BlackPearl
BlackPearl Resources Inc. (the "Company") (PXX.TO)(OMX:PXXS) As a result of the exercise of options, the total number of shares and votes in the Company has changed during January 2013 as follows. The number of shares has increased by 342,500 and the total number of shares and votes in the Company as of January 31, 2013 is 296,108,308. The above information has been made public in accordance with the Swedish Financial Instruments Trading Act. [Read more]
MEG transporting crude by rail, barge to skirt around pipeline bottlenecks
By Lauren Krugel, The Canadian Press CALGARY - Oilsands producer MEG Energy Corp. is working around pipeline bottlenecks by using railcars and barges to get its crude to market. At the heart of what it calls its "hub and spoke" strategy is the Stonefell storage terminal near Edmonton, which MEG expects to complete in mid-2013. Don Moe, vice president of supply and marketing, says the terminal can serve as a launch point for pipeline and rail connections. The company has a [Read more]
Canadian Oil Sands Announces 2012 Financial Results and a $0.35 Per Share Dividend
Canadian Oil Sands Limited (COS.TO) (COSWF) All financial figures are unaudited and in Canadian dollars unless otherwise noted. Highlights for the three months and year ended December 31, 2012: Cash flow from operations was $418 million ($0.86 per Share) in the fourth quarter of 2012 compared with cash flow from operations of $363 million ($0.75 per Share) in the same quarter of 2011. For the 2012 year, cash flow from operations totalled $1,581 million ($3.26 per Share), down 17 per [Read more]
Baytex to Present at Credit Suisse Energy Summit
Baytex Energy Corp. (BTE.TO) (BTE) is pleased to announce that James Bowzer, President and Chief Executive Officer, will be presenting at the Credit Suisse Energy Summit on Thursday, February 7, 2013 at 8:05 am MST (10:05 am EST) in Vail, Colorado. Interested parties can listen to a live webcast and view the presentation slides via the following URL: http://cc.talkpoint.com/cred001/020413a_am/?entity=4_DME4VMX A replay will be available on the Baytex website, www.baytex.ab.ca, for six [Read more]
Twin Butte Energy Ltd. Provides Corporate and Operational Update
Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to provide an update on various corporate activities. Twin Butte anticipates releasing Q4 and year end 2012 financial and operating results on March 21, 2013. The Company further anticipates that the year end 2012 independent reserve analysis will be complete within the next three weeks and intends to issue a press release with a summary of such results at that time. Unaudited Q4 and full year 2012 corporate performance met [Read more]