Connacher Announces Deferral of Interest on 12% Convertible Notes
Connacher Announces Deferral of Interest on 12% Convertible Notes
Canada’s resource industries are facing what some have called an all out assault while many environmental NGO’s lobby for even more stringent regulations
Canada’s resource industries are facing what some have called an all out assault while many environmental NGO’s lobby for even more stringent regulations
CNOOC to Resume 75% of Oil Sands Production
Alberta regulator calls for partial shutdown at CNOOC project The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy ULC. With the change in the AER’s suspension decision, Nexen will be able to maintain approximately 75% of its Long
ConocoPhillips Starts Oil Sands Production
ConocoPhillips announces delivery of first oil at Surmont 2 ConocoPhillips (ticker: COP) announced today that it had produced first oil from its Surmont 2 oil sands facility, located in Alberta, Canada. Construction on the project, which is the largest single-phase steam-assisted gravity drainage (SAGD) project ever undertaken, began in 2010. The Surmont project is located in the Athabasca Region of
Alberta Royalties will Remain Unchanged Until 2017
Alberta’s royalty review panel has decided not to make changes until after the end of 2016 The Alberta provincial government released a statement last week announcing that it had formed a panel to conduct a review of the oil and gas industry’s royalties. The panel, which will be chaired by ATB Financial President and CEO Dave Mowat, will not make
What Lies Ahead for the Oil & Gas Industry?
With share prices halved along with oil prices, investing opportunities abound What’s coming in 2016? Institutional investors head to Denver Aug. 16-20 to listen to the oil & gas sector’s go-forward strategies Where is the industry today and where is it heading? After a lengthy pattern of producing and selling $90+ oil, the industry was jolted when OPEC announced its decision
EnerCom’s 20th Anniversary The Oil & Gas Conference® Begins Aug. 16
North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in
Husky Energy Begins Production at 10 MBOPD Thermal Project
Husky currently has 44 MBOPD of thermal projections operating Calgary based Husky Energy (ticker: HSE) announced today that production has started up at the company’s latest thermal project in Saskatchewan. First oil at the Rush Lake heavy oil thermal project was achieved eight weeks ago. The project is expected to produce 10 MBOPD by the end of the year, according
Crescent Point Energy Buys Out Partner for Approximately $204 Million
Crescent Point Energy (ticker: CPG) is expanding its presence in Alberta as the result of a stock for stock merger. On July 2, 2015, the Calgary-based exploration and production company announced the purchase of Coral Hill Energy Ltd. for C$258 million (approximately US$204 million), including the assumption of C$132 million in net debt (approximately US$104 million). CPG was engaged with
Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion
In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a wholly owned subsidiary consisting of 4.8 million gross acres of royalties and mineral fee titles in Alberta, Manitoba and Saskatchewan.
CAPP Annual Forecast: Canadian Production to Grow by 43% by 2030
Oil sands remain the primary driver of Canadian production The Canadian Association of Petroleum Producers (CAPP) released its annual Crude Oil Forecast, Markets and Transportation report for 2015, projecting Canadian crude oil production to grow 43% to 5.3 MMBOPD by 2030. CAPP expects most of this increased production to come from the Canadian oil sands. According to the 2015 report,
