CALGARY, ALBERTA–(Marketwired – April 1, 2015) – Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Since the cost management program was announced in January, the company has made significant progress on its cost reduction initiatives. Suncor now expects that the
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it is altering the scope of the Energy East pipeline project in Québec as part of its continued commitment to stakeholder consultation, environmental stewardship and community safety. Part of that altered scope includes the decision not to build a marine and associated tank terminals at Cacouna, Québec. Potential alternative terminal options in Québec
The U.S. and its allies reach an agreement with Iran regarding its long contested nuclear program Framework for a nuclear deal with Iran was decided on today. The announcement was initially made during a joint press conference by Iran’s Foreign Minister Javad Zarif and E.U. Foreign Policy Chief Federica Mogherini in Lausanne Switzerland. The framework is expected to lead to a
Source: Canadian Association of Petroleum Producers The Alberta government’s 2015/16 budget will help keep the province’s oil and gas industry competitive in a turbulent global market, supporting jobs and investment at a challenging time, the Canadian Association of Petroleum Producers said today. “Albertans across the province are hurting with the drop in oil prices – from rig workers and service crews,
Eagle Rock Energy Partners, L.P. (the “Partnership”) (EROC) today announced that effective April 1, 2015, the borrowing base under its senior secured credit facility has been decreased from $320 million to $270 million as part of the Partnership’s regularly scheduled semi-annual redetermination by its commercial lenders. The Partnership’s borrowing base is redetermined semi-annually effective April 1 and October 1. The
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared a cash distribution of $0.70 per unit for the quarter ended March 31, 2015. The cash distribution is payable on May 15, 2015 to all unitholders of record as at April 13, 2015. About Teekay LNG Partners L.P. Teekay LNG Partners
Story by The Wall Street Journal Brazil’s stock exchange operator is proposing, with the support of the market regulator, a series of recommendations to improve corporate governance at state-run companies amid a corruption scandal at oil company Petroleo Brasileiro SA. Brazil has 30 publicly traded companies that are run by the government, eight of which are in the benchmark Ibovespa
Oceaneering International, Inc. (OII) announced that it has closed the previously announced definitive agreement to acquire C & C Technologies, Inc., a global provider of survey and satellite-based positioning services. Subject to customary post-closing working capital adjustments, the acquisition price of approximately $230 million was paid in cash. Oceaneering is a global provider of engineered services and products, primarily to the
Hercules Offshore Announces Five Year Contract for Hercules 260 Hercules Offshore (NASDAQ: HERO) announced that it has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 in West Africa. The dayrate under the contract will range from a minimum of $75,000 per day when the price of Brent crude oil is $86 or less
Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three months and year ended December 31, 2014. Detailed results are presented in Strategic’s annual consolidated financial statements, related Management’s Discussion and Analysis (“MD&A”) and Annual Information Form which will be available through the Company’s website at www.sogoil.com and on SEDAR at
The U.S. Fish and Wildlife Service (FWS) announced the northern long-eared bat is now classified as a threatened species under the Endangered Species Act (ESA). This new designation allows the FWS to create regulations that protect the animal from becoming endangered or extinct. The bat was added to the threatened species list because its populations were being “devastated” by a
Perpetual Energy Inc. Announces Closing of Swap of West Edson Property for 6.75 Million Tourmaline Shares With Market Value of $258.7 Million and Updates Borrowing Base on Credit Facility Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to announce the closing of the previously announced swap with Tourmaline Oil Corp. (“Tourmaline”) to exchange its joint interest share
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