14 September

CALGARY, Alberta – (PIPE – TSX-V) Pipestone Energy Corp. (“ Pipestone Energy ” or the “ Company ”) announces that at the annual and special meeting of the shareholders of Pipestone Energy (the “ Shareholders ”) held today at 2:30 p.m. (Calgary time) in the McMurray Room at the Calgary Petroleum Club, 319 – 5th […]

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14 September

U.S. oil and gas companies covered by S&P Global Market Intelligence raised approximately $18.47 billion of capital in August, a boost from the roughly $5.78 billion of capital collected in July. Debt offerings contributed most with $17.48 billion, while capital raised from common stock and private placements totaled $987 million. All of the represented oil […]

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10 September

Canadian heavy crude’s discount versus West Texas Intermediate (WTI) eased on Thursday, remaining at tight levels on supply concerns and improving demand. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.45 per barrel below WTI, according to NE2 Canada Inc. It settled on Wednesday at $7.50 under. The […]

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09 September

Alberta oil well in canola field Canadian heavy crude’s discount versus West Texas Intermediate (WTI) widened slightly on Wednesday from levels that were already narrow, with recent production outages factored into prices. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.50 per barrel below WTI, according to NE2 […]

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09 September

Review will prioritize Husky’s balance sheet strength and financial resilience CALGARY, Alberta – Husky Energy (TSX:HSE) today announced a review of the West White Rose Project in the Atlantic region. The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the Company’s capital re-prioritization following the global economic […]

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09 September

Husky Energy logo is shown at the company’s annual meeting in Calgary, Alta., Friday, May 5, 2017. ST. JOHN’S, N.L. – Husky Energy is re-evaluating a $2.2-billion oil project off the coast of Newfoundland. The West White Rose project was expected to produce up to 75,000 barrels of oil per day. Construction was suspended in […]

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09 September

Ken Kobly in Edmonton, Alberta on Thursday, March 1, 2012. On the same day the oil price tumbled $3 a barrel, a new survey indicated Albertans are the least optimistic Canadians when it comes to their outlook for the economy. That isn’t surprising, given the one-two punch that anemic oil prices and the coronavirus have […]

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08 September

Heavy haulers are seen at the Suncor Energy Inc. Fort Hills mine in this aerial photograph taken above the Athabasca oil sands near Fort McMurray, Alberta, Canada, on Monday, Sept. 10, 2018. Bloomberg/Ben Nelms CALGARY – Shares in Suncor Energy Inc. traded sharply lower on Tuesday after it trimmed 2020 production guidance despite restarting its […]

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08 September

(Gina Dittmer via Public Domain Pictures) The Lead Canadian small- and mid-sized oil and gas companies are facing a crisis. Some investors believe the drastic fluctuation in oil prices, caused largely by COVID-19 and tensions among oil-producing nations, will lead to a series of mergers and acquisitions. “The 20,000-barrel-per-day producer in Western Canada is an […]

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08 September

HOUSTON & CALGARY, Alberta – Civeo Corporation (NYSE:CVEO) announced today completion of an amendment and extension to its credit agreement, including the term loan and all three revolving credit facilities. This extension encompasses all of Civeo’s outstanding debt structure. The following are key aspects of the amended credit agreement: extends the maturity date of the […]

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