31 July

Chevron (NYSE: CVX) Q2 2021 Earnings Call Jul 30, 2021, 10:32 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Katie, and I will be your conference facilitator today. Welcome to Chevron’s second-quarter 2021 earnings conference call. [Operator instructions] As a reminder, this conference call is […]

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30 July

SHERMAN OAKS, CA / ACCESSWIRE / July 30, 2021 / Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, is providing this bi-weekly update on the status of the Company’s application for a management cease trade order (the “MCTO”) […]

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30 July

Alberta Inquiry on oil sector under fire for commissioned reports skeptical of climate change Alberta government quietly gives another extension to complete report on inquiry into oil & gas critics Friday was the deadline for a public inquiry into what the Alberta government says is foreign funding of environmental groups who want to curtail energy […]

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30 July

(Reuters) -Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand. FILE PHOTO: Al Monaco, President and CEO, Enbridge, listens before speaking during the Enbridge Income Fund annual general meeting for shareholders […]

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30 July

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) ( TSX: PRQ ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 30, 2021 to August 13, 2021. The Company’s second lien term loan provider has also agreed to extend the maturity […]

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30 July

Alberta oil well in canola field Canada averaged 153 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 33% are drilling for natural gas, 59% are drilling for oil, 1% for other (helium, hydrogen, geothermal, or potash), and 7% are moving. Drilling activity by province is […]

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30 July

Imperial Oil’s Kearl Oil Sands Mine CALGARY – Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period. The Calgary-based company says it earned 50 cents per share in the three months ended June 30, compared with a net […]

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30 July

Kayla Goodfield The “egregious” amount of free cash flow that oil companies are currently generating may lead to significant share buybacks and dividends, according to a high-profile Canadian energy fund manager. “So far this year it’s been all about repairing the balance sheet damage that occurred last year,” said Eric Nuttall, a partner and senior […]

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30 July

BC-New-Mexico-Posts-Oil-Output-Record-as-Permian-Basin-Bounces-Back , Sheela Tobben (Bloomberg) — New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern state produced about 4% more crude in the month to reach a record 1.22 […]

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30 July

Cabot Oil & Gas Corp. and Southwestern Energy Co. were the latest Appalachian operators to report weak price realizations in the second quarter, when pipeline constraints widened basis differentials in the Northeast. U.S. benchmark prices climbed during the period and have continued to move higher since, creating an even bigger gap with local prices in […]

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