Cenovus Energy has hired investment banks to sell oil assets in Western Canada, which it hopes would fetch as much as C$2.5 billion (US$2 billion), according to people familiar with the situation.
Major pipeline companies in western Canada have created fire breaks, installed sprinklers and taken other measures to protect operations as raging wildfires spread in British Columbia.
A small fire broke out in a sulfur emissions reduction unit at the Syncrude oil sands plant in northern Alberta on the morning of July 10 and was extinguished within two hours with no injuries to workers.
Apache’s Canadian divestitures will unlock value as the Houston-based company builds momentum in the prolific Permian Basin.
Plans released June 29 mean Canada's much-criticized national energy regulator would lose power to assess natural resource projects.
Canada Pension Plan Investment Board, the country's biggest public pension fund, plans to invest up to $1 billion to buy oil and gas assets in the U.S. in a partnership with Encino Energy Ltd.
U.S. securities regulators on June 28 filed civil accounting fraud charges against Canada-based oil and gas company Penn West Petroleum and several of its former top finance executives.
3esi-Enersight acquired Energy Navigator Inc. creating the largest provider of integrated strategy, planning and reserves solutions for the oil and gas industry.
Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.
Encana's cube development and advanced completions have led to a 20% increase in the company's Permian type curves and 700 new premium return locations.