21 March

(Reuters) – Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States. The buyer, PTT Exploration and Production Public […]

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21 March

Canada’s federal government does not consider the Albertan oil industry a priority despite its central importance to the provincial economy, the Canadian Association of Petroleum Producers said after Ottawa released its 2019 budget. "They’re recognizing that the investment levels are down, they’re recognizing that prices are down and that unemployment is up, and yet they’re […]

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21 March

Union Jack Oil plc, a UK focused, onshore oil and gas production company, has conditionally raised £1.75 million by way of a placing and subscription, through the issue of a total of 2,333,333,334 New Ordinary Shares at an issue price of 0.075 pence per New Ordinary Share. A Circular including a Notice of General Meeting […]

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21 March

Image: Kinder Morgan Canada VANCOUVER — A lawyer for the federal government says British Columbia is overreaching with an unconstitutional effort to regulate oil and gas shipments through its lands and waters. The B.C. Court of Appeal is hearing a reference case that asks if the provincial government can create a permitting regime for companies […]

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21 March

Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA. American refiners took no crude from the Latin American country for the first time in government data going back to 2010. Shipments have been on a steady downtrend since late January when the Trump Administration announced new sanctions on Venezuela’s state […]

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21 March

Sherri A. Brillon announces retirement CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) — Encana Corporation (NYSE, TSX: ECA) today announced the appointment of Corey D. Code as Executive Vice-President & Chief Financial Officer, effective May 1, 2019. Sherri A. Brillon, who has served as Encana’s CFO since 2009, will be retiring at the end of […]

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21 March

CALGARY, March 21, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will […]

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21 March

(Reuters) – Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion (1.62 billion pounds) sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States. The buyer, PTT Exploration […]

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21 March

Image: R.P. Stastny/JWN Construction of pipelines and associated facilities, like the construction of any other infrastructure, has its share of rework. Rework corrects mistakes during construction, problems from unexpected occurrences such as flooding, or flaws in design. New applications of augmented and virtual reality technologies can help tackle the latter. “A common thing is that […]

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21 March

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory. Alberta contains Canada’s vast oil sands, home to the world’s third-largest crude reserves. With an economy nearly the […]

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