Thursday, September 25, 2025
Oil & Gas 360 - Canada Alberta Petrochemical plant canada flag 2

Canadian Govt. Signs Decade-Long NatGas Contract

The Government of Canada has named Direct Energy Business as their new natural gas provider for Correctional Services Canada, the Department of National Defence and Public Services, and Procurement Canada. Direct Energy Business will provide natural gas management and related services for the next ten years to these critical government departments in Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, Nova

Whiting Petroleum’s $900 Million Q4 Impairment Charge

According to an SEC 8-K form filed December 7, 2017, the board of directors at Whiting Petroleum Corporation have “concluded that a material charge for impairment to one of its assets was required under generally accepted accounting principles applicable to the company.” The asset in question is the company’s Redtail field in the DJ Basin. The company expects to record

Nord Stream 2 Getting Closer Faster

The four individual pipes will deliver a combined capacity of 10.64 Bcf/d of gas to European markets Permits for the Nord Stream 2 project are currently being drawn up. National environmental impact assessment reports were submitted to the German, Danish, Finnish, and Swedish authorities, with construction permit applications filed for the corresponding sections of the gas pipeline in each country.

SandRidge

New SandRidge Energy Letter Responds to Icahn Claims

Transaction represents 8% premium, not 75%: SandRidge letter November 15: SandRidge announces acquisition of Bonanza Creek Energy for $746 million November 27: SandRidge creates “poison pill” to fight Icahn November 30: Icahn responds to SandRidge December 11: SandRidge publishes new letter ‘dispelling myths’ SandRidge Energy, Inc. (ticker: SD) issued a letter today addressed to shareholders, highlighting the benefits of the