Canada – Page 4 – Oil & Gas 360

Canada oil group removes energy transition content amid greenwashing push

June 21, 2024

Oil Price A Canadian oil industry association has removed all transition-related content from its website in anticipation of punitive moves by the federal government, which earlier this month passed a law requiring companies to show proof of their transition statements. “Imminent amendments to the Competition Act will create significant uncertainty for Canadian companies that want to communicate publicly about the

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had a decrease of 2 this week, at 588

June 21, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 2 over last week, resulting in a total count of 588 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 166 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,

U.S. rig count had an increase of 13 this week, at 590

June 14, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 13 over last week, resulting in a total count of 590 rigs. Canada had an increase of 17 over last week, resulting in a total Canadian count of 160 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced

U.S. rig count had an decrease of 6 this week, at 594

June 7, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 6 over last week, resulting in a total count of 594 rigs. Canada had an increase of 15 over last week, resulting in a total Canadian count of 143 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced

Canadian government’s support of domestic energy development highlighted at Energy NL’s Annual Conference & Exhibition 2024

June 6, 2024

World Oil (WO) – The second day of the Energy NL Annual Conference & Exhibition 2024 got underway today with a morning address by the Honourable Seamus O’Regan Jr., Minister of Labour and Seniors, who outlined the Government of Canada’s efforts to support energy development, including amendments to the Atlantic Accord. Following Minister O’Regan, Gary Murray, President and CEO, Newfoundland

TC Energy shareholders vote to spin off North American oil pipeline business

June 4, 2024

BOE Report TC Energy shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline. The spin-off will help Calgary-based TC lower its high debt load and focus on moving natural gas. South Bow’s assets consist of nearly 4,900

The pipeline project preparing for Canada’s largest ever corporate bond deal

May 31, 2024

Oil Price In a landmark move for the Canadian financial markets, Coastal GasLink LP, partially owned by KKR & Co., is set to initiate the largest corporate bond deal in Canada’s history. The pipeline project, located in Western Canada, is preparing to issue up to C$4 billion ($2.9 billion) in bonds to refinance its existing construction debt. This unprecedented offering

U.S. rig count had no change over last week, is at 600

May 31, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had no change over last week, resulting in a total count of 600 rigs. Canada had an increase of 8 over last week, resulting in a total Canadian count of 128 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, and the

Surge Energy Inc. announces non-core asset sales; commencement of Phase 2 return of capital framework; normal course issuer bid; base dividend increase; sparky crude oil discovery; and updated 2024 guidance

May 30, 2024

Oil and Gas 360 CALGARY, AB, May 29, 2024 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management’s Phase 2 net debt1 target, an anticipated increase to Surge’s base dividend, the intention to institute a normal course issuer

Canada could lose $55 billion in oil investment if emissions cap Is implemented

May 28, 2024

Oil Price Canada’s oil and gas industry could lose US$55 billion (C$75 billion) in upstream investment by 2035 if the federal government implements a stringent 40% emissions cap from 2030, the Canadian Association of Petroleum Producer (CAPP) says, citing a report by S&P Global Commodity Insights it had commissioned. At the end of last year, Canada’s federal government introduced a draft framework to

U.S. rig count had a decrease of 4 this week, at 600

May 24, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 600 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 120 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville

U.S. rig count had an increase of 1 this week, at 604

May 17, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 604 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Ardmore

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