File Photo – Neil Bruce (Credit. SNC-Lavalin) Offshore installation firm McDermott has appointed Neil Bruce, a former SNC-Lavalin CEO, to its Board of Directors. Bruce started his career in the North Sea basin with Brown and Root, delivering offshore projects for 10 years, then moved to Atlantic Richfield where he delivered full lifecycle offshore gas […]
Read MorePioneer Natural Resources Company PXD is considering the acquisition of smaller rival Parsley Energy, Inc. PE , per the Wall Street Journal. The current market volatility might trigger some more acquisitions in the oil and gas space. The all-stock acquisition deal is expected to be completed by month end, as reported by the people familiar […]
Read More(Bloomberg) –Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers. The world’s biggest provider of fracking signaled that attrition among oilfield service companies is beginning to show results and, in North America at least, a bottom may have been reached, according to […]
Read MoreConocoPhillips has long eschewed mergers and acquisitions in favor of disciplined spending and steady, organic growth. The Houston oil giant on Monday found itself advocating for the very thing it has cautioned investors about: a $9.7 billion takeover of a rival, Concho Resources. The acquisition would create the largest independent oil and gas company nationally […]
Read MoreArtist’s rendering of new oil spill response base at Beecher Bay. | WCMRC The industry-funded organization responsible for containing and cleaning up oil spills in B.C. has signed an agreement with the Sc’ianew (Beecher Bay) First Nation to build a new spill response base on Vancouver Island. The Western Canada Marine Response (WCMRC) is spending […]
Read MoreConocoPhillips plans to acquire Concho Resources in an all stock deal valued at $9.7 billion, creating the largest independent oil and gas company nationally. The Houston oil giant on Monday said the acquisition will create a company valued at about $60 billion with a combined oil and gas portfolio of 23 billion barrels. The combined […]
Read MoreFILE – This Feb. 9, 2016, file photo shows an ice-covered ConocoPhillips sign at a drilling site in Nuiqsut, Alaska. ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion. The companies said Monday, Oct. 19, 2020, that the combined business will be the largest independent oil and gas company, […]
Read MoreCALGARY, AB – Topaz Energy Corp. (“Topaz” or the “Company”), a unique royalty and energy infrastructure company, is pleased to announce that it has it has obtained a receipt for its final base PREP prospectus filed with the securities regulatory authorities in each of the provinces of Canada and has entered into an underwriting agreement […]
Read MoreEDMONTON – Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry. But the deal leaves unresolved the issue of rural property taxes that some companies have refused to pay — taxes that totalled $173 million by last January. Municipal Affairs Minister Tracy […]
Read MoreFILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Rod Nickel WINNIPEG, Manitoba (Reuters) – Struggling oil and gas companies in the Canadian province of Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on […]
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