News

Oil prices are down. It means something different in Canada vs. the U.S.
A steep drop in oil prices in the first months of the year has undermined any plans for oil companies to “drill, baby, drill.
WHITECAP RESOURCES INC. CLOSES THE VEREN COMBINATION CREATING A LEADING CANADIAN OIL AND NATURAL GAS PRODUCER, AND INCREASES PRODUCTION GUIDANCE
Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN), creating ...
Oil & Gas Journal3d
Canada oil drilling pushes rig count higher
The rig count in Canada ended the week with 7 additional rigs running. For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were ...
With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data ...
North Dakota oil producers plan to drop rigs due to weaker prices, state regulator says
Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. oil producer, the ...
Radio-Canada11d
Oil prices are down. It means something different in Canada vs. the U.S
In comparison, Canadian oil production is dominated by the oilsands ... We're not planning on shutting any rigs down or changing our plans yet. And it largely is because our company can ...