Pengrowth Energy Corp. (NYSE: PGH) said Feb. 20 it has appointed Peter Sametz as president, CEO and as a member of the board of directors effective March 15th, 2018.
Canadian pipeline operator aims to sell assets valued at C$8 billion.
Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.
Last month Encana said it plans to invest nearly 70% of this budget to boost production in Permian and Montney, as oil investors pressure producers to improve production without significantly increasing capital budgets.
Letter questions British Columbia’s objectives and says new rules conflict with review processes for pipeline.
Canadian government will create a single body to examine projects on federal land.
Low prices, pipeline and rail constraints, and storage shortfalls form brewing storm against Alberta’s oil industry.
Canadian producers and global oil majors are increasingly exploring the Duvernay and Montney formations, which they say could rival the most prolific U.S. shale fields.
Starlee Sykes has been named BP’s regional president for the Gulf of Mexico and Canada, effective Feb. 1, the company said in a news release.