HILLCORE GROUP COMPLETES ACQUISITION OF THOMPSON CONSTRUCTION GROUP
June 2, 2023
HILLCORE GROUP COMPLETES ACQUISITION OF THOMPSON CONSTRUCTION GROUP Canada NewsWire …
Family office-led private consortium acquires PureWest
June 2, 2023
Oil and Gas 360 Family Office-led consortium ownership provides platform for long-term stability and value creation Existing executive team and employee base remains in-place DENVER, May 31, 2023 /PRNewswire/ — PureWest Energy, LLC (“PureWest” or the “Company”), a leading Rocky Mountain independent natural gas producer has completed an all-cash merger with a newly formed entity sponsored by a private consortium of family offices
Uncertainty surrounds likelihood of production agreement at Sunday’s OPEC+ meeting
June 2, 2023
2023-06-02 12:39:21 ET June 2 (UPI) — Doubts remain over whether OPEC and its allies c…
Biden bans oil and gas leasing near New Mexico cultural site
June 2, 2023
Oil Price The U.S. Administration has banned new oil and gas leasing near the Chaco Culture National Historic Park in New Mexico as part of a plan to protect the area and a larger portion of federal land from drilling. The Chaco Canyon, a major center of ancestral Pueblo culture between 850 and 1250, is a World Heritage site on the list of the
Canada guarantees loans for Trans Mountain Pipeline expansion
June 2, 2023
Oil Price Canada’s federal government has guaranteed loans of $2.23 billion (C$3 billion) to the corporation building the Trans Mountain expansion project to triple the capacity of oil flows from Alberta to the Canadian Pacific Coast. The Trans Mountain Expansion project has been dragging on for years and faces environmental opposition and rising construction costs. Fierce opposition in British
U.S. rig count had a decrease of 15 this week, at 696
June 2, 2023
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 15 over last week, resulting in a total count of 696 rigs. Canada had an increase of 10 over last week, resulting in a total Canadian count of 97 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
Gas prices at a standstill in an otherwise fluid market
June 2, 2023
2023-06-02 11:08:49 ET June 2 (UPI) — Despite volatility in the broader market, retail…
The grid needs a $20 trillion upgrade to support energy transition
June 2, 2023
Oil Price For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back on the agenda. Because no transition from baseload, dispatchable power generation to distributed, intermittent generation is possible without a massive grid overhaul. Back in 2020, BloombergNEF estimated the cost of
Suncor to cut 1,500 jobs by end of year – report
June 2, 2023
Nasdaq Canada’s second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press. A Suncor spokeswoman confirmed to the Canadian Press that the job cuts would be spread across the organization and would affect both
