Yahoo Finance CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.36 per diluted share for the quarter ended Dec. 31, down from $2.53 billion or $2.14 per diluted share
BOE Report Publisher’s Note: Tamarack Valley Energy will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference on April 18-19, 2023. Register to attend. CALGARY, AB, March 1, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its audited financial and operating results for the three months and year ended December 31, 2022 and the results of
BOE Report CALGARY – The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year. The industry group says that’s 11 per cent higher than last year and also surpasses pre-COVID-19 pandemic levels. Upstream oil and natural gas investment in Canada reached a low of
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 753 rigs. Canada had a decrease of 4 over last week, resulting in a total Canadian count of 244 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,
BOE Report CALGARY – When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10 per cent of the world’s crude oil supply, many observers in the early days of the conflict predicted the war and Western
CALGARY, Alberta, Feb. 22, 2023 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” …
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 760 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 248 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana
Oil Price Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from oil sands – long hailed as the world’s most destructive oil operation – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors with the U.S. to export its fossil fuels. As the global demand for oil and gas continues, and countries look closer
Yahoo Finance Cenovus Energy Inc posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and chief executive officer. McKenzie, who was the finance chief of Husky Energy from 2015 to 2018, joined Cenovus in 2018 as its chief financial officer. Outgoing
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 761 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 250 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,
World Oil (WO) — International Petroleum Corporation (IPC) announced a proposition to acquire Canada’s Cor4 Oil Corp. for roughly $62 million. The acquisition includes total proved plus probable (2P) reserves of 15.9 MMboe as of December 31, 2022. The acquired assets have a forecast average net production of about 4,000 boepd for 2023. The acquisition also includes drilling locations
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 12 over last week, resulting in a total count of 759 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 249 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana
