Canadian Drilling Forecasts Ups Pressure On Government Policy, Regulations
Canadian well drilling forecasts for 2018 has put the pressure on for governments and regulators to lower regulatory compliance costs, help boost investor confidence and improve market access.
Finding The Next Legacy: ConocoPhillips Keeps Exploration On Radar
Although spend on short-cycle unconventionals dominate, the E&P is keeping an eye on promising exploration growth areas amid asset sales, debt reduction and volatile commodity prices.
Duvernay Field Holds Canada’s Largest Shale Oil Resources
The Duvernay field in Canada’s western province of Alberta holds the country’s largest marketable resources of unconventional light shale oil and condensate.
Shell Braces For 'Lower Forever' Oil Prices As Profits Soar
With oil prices hovering around $50 a barrel, Shell was not planning to stop its cost cutting drive—it was now 'getting fit,' CEO van Beurden says.
Encana Smashes Profit Estimates As Oil, Gas Production Falls
Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in Canada, and the Eagle Ford and Permian in the U.S.
Crew Energy Suspends Production At Montney Facility
Crew Energy said it would temporarily suspend production at its Montney facility after Alliance Pipeline Ltd. Partnership detected slope movement near a pipeline close to the Wapiti River.
Encana CEO Sees Possible Benefit From US Border Tax
A U.S. "border adjustment tax" could slap a tax of up to 20% on imports including crude oil, affecting Canadian companies, which send most of their products southward.
ConocoPhillips Attacks Debt With $13 Billion In Canadian Divestitures
Cash proceeds will be used to reduce company debt to $20 billion in 2017 and double existing share repurchase authorization to $6 billion.
Pengrowth Continues Noncore Sales With Montney Divestment
The sale follows Pengrowth's divestment of noncore assets in the Swan Hills area in north-central Alberta for CA$180 million on March 20.
TransCanada Seeks Montney Pipe Approval Linked To Petronas LNG Terminal
Government approval will allow the company to start building most of the North Montney Mainline before Petronas decides whether to commit to the Pacific NorthWest LNG project.