The Canadian crude-producing province of Alberta is forecasting a record budget deficit of C$5.9 billion this year, which could increase to C$6.5 billion, finance minister Joe Ceci said on Aug. 31 in an updated first quarter forecast.
Alberta is home to Canada's oil sands and is the largest source of U.S. crude imports, and has struggled with a sharp drop in revenues as global oil prices tumbled over the last 12 months.
Recommended Reading
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.