Encana To Combine With Newfield Exploration In $5.5 Billion All-Stock Transaction
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
HEADLINES: Canada's LNG Outlook Gets Boost; Exxon Mobil Reportedly Shopping GoM Assets
Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.
Massive Canada LNG Project Gets Green Light
First gas from the LNG Canada project is expected before 2025, aiming to feed an expected surge in demand for the cleaner, super-chilled fuel from hungry Asian buyers, mainly China.
Encana Profit Beats On Higher Production, Oil Prices
Encana Corp. blew past analysts’ estimates for quarterly profit on August 1, as the oil and gas producer benefited from rising shale oil production in the Permian Basin, where it operates one of its biggest oil fields.
TGS Expands Onshore Seismic Project In Canada
TGS has expanded its 2018 onshore seismic survey Dawson Phase II in Canada, the company said July 20.
Encana’s Path Forward
President and CEO Doug Suttles refocused Encana Corp. after facing what he called “inconvenient facts.”
Great White North Among Top Oil Producers
Despite transportation issues, Canada remains a top global producer.
Higher Oil Prices Drive Encana Profit Beat
Eight capital analyst Phil Skolnick said he did not see Encana's production miss "as a negative" as production in the larger Permian Basin was up.
ConocoPhillips Up On Stronger Profits, Production Growth
The gains were attributed to higher crude prices, lower depreciation expenses and cuts in exploration expenses.
Northern Exposure For Gulf Coast As Canadian Heavy Crude Flows South
As Canada’s domestic producers export heavy crude to the U.S. refiners on the Gulf Coast, many of the country’s refineries are forced to import volumes of light oil.