Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


SNC-Lavalin awarded contract on Sasol’s Fine Ash Dam 6 Project in South Africa

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MONTREAL, July 26, 2017 /CNW Telbec/ – SNC-Lavalin (TSX: SNC) announces a contract award on the Fine Ash Dam 6 Project in Secunda for Sasol Group Technology in South Africa.

SNC-Lavalin’s scope of work for this project includes the structural, mechanical electrical, instrumentation and piping (SMEIP) construction services for the new facility. This will consist of the installation of approximately 15 km of piping, 370 tons of steel, and various mechanical and electrical equipment.

The Fine Ash Dam 6 Project is to support the life extension of the Sasol Secunda operations facilities by constructing a new fine ash … Continue Reading

Calfrac Announces Second Quarter Results and Update on 2017 Capital Program

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CALGARY, July 26, 2017 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX-CFW) announces its financial and operating results for the three and six months ended June 30, 2017.

HIGHLIGHTS

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

Change

2017

2016

Change

(C$000s, except per share and unit data)

($)

($)

(%)

($)

($)

(%)

(unaudited)

Revenue

325,344

150,605

116

594,159

366,743

62

Operating income (loss)(1)

36,740

(15,898)

NM

57,135

(27,521)

NM

Per share – basic

0.27

(0.14)

NM

0.42

(0.24)

NM

Per share – diluted

0.27

(0.14)

NM

0.41

(0.24)

NM… Continue Reading

Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2017

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CALGARY, July 26, 2017 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and six months ended June 30, 2017.

The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2017, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion’s website at www.vermilionenergy.com.

HIGHLIGHTS

  • Average production increased by 4% in Q2 2017 to 67,240 boe/d as compared
    • … Continue Reading

    Africa Oil Kenya Operations Update

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    VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 26, 2017) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI)(OMX:AOI) is pleased to provide the following update on its operations in Kenya.

    Kenya

    Exploration and Appraisal

    The exploration and appraisal campaign in Kenya has progressed to schedule in 2017 with two discoveries made. The first discovery was made in January 2017 at Erut-1, which proved that oil has migrated to the northern limit of the South Lokichar basin. The second was made in May 2017 at Emekuya-1 which encountered significant oil sands, demonstrated oil charge across a significant part of the Greater … Continue Reading

    WesternZagros and Crest Energy International LLC Complete Going Private Transaction

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    CALGARY, ALBERTA–(Marketwired – July 25, 2017) –

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    WesternZagros Resources Ltd. (TSX VENTURE:WZR) (“WesternZagros” or the “Company”) announced today the completion of its going private transaction by way of a plan of arrangement under the Alberta Business Corporations Act
    (the “Arrangement”). Pursuant to the Arrangement, WZG Acquisition Ltd. (“Crest AcquireCo”), an affiliate of Crest Energy International LLC (“Crest”), provided the Company with the funds necessary for the Company to acquire all of the outstanding Class A preferred shares, series 1, of the Company and all of the outstanding … Continue Reading

    TransCanada Responds to PNW LNG Decision; Company to be reimbursed for full costs to advance PRGT Project

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    CALGARY, ALBERTA–(Marketwired – July 25, 2017) – Media Advisory – TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today was notified that PETRONAS affiliate Pacific NorthWest LNG (PNW LNG) would not be proceeding with their proposed LNG project near Port Edward, British Columbia.

    Following is a statement from Karl Johannson, TransCanada’s executive vice-president and president, Canada and Mexico natural gas pipelines and energy:

    With this news, we are reviewing our options related to our proposed Prince Rupert Gas Transmission (PRGT) project as we continue to focus on our significant investments in new and existing natural gas infrastructure to meet our customers’ needs.

    As part … Continue Reading

    Essential Energy Services 2017 Second Quarter Financial Results Conference Call and Webcast Details

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    CALGARY, ALBERTA–(Marketwired – July 25, 2017) – Essential Energy Services Ltd. (TSX:ESN) (“Essential”) intends to release its 2017 second quarter financial results on August 9, 2017 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on August 10, 2017.

    The conference call dial in numbers are 416-406-0743 or 800-806-5484, passcode 1593381.

    An archived recording of the conference call will be available approximately one hour after completion of the call until August 23, 2017 by dialing 905-694-9451 or 800-408-3053, passcode 8808485.

    A live webcast of the conference call will be accessible on Essential’s website at … Continue Reading

    Blackbird Energy Inc. Provides Drilling, Recompletion and Infrastructure Development Update

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    CALGARY, ALBERTA–(Marketwired – July 25, 2017) – Blackbird Energy Inc. (“Blackbird” or the “Company“) (TSX VENTURE:BBI) is pleased to provide an operational update regarding its 2017 delineation and development program and expansion of the Eastern Pipestone/Elmworth Gathering System (“Eastern Gathering System”). Blackbird is also pleased to announce that it has increased its Montney rights in the Pipestone/Elmworth corridor to 125 gross sections (108.9 net sections).

    Highlights

  • 2017 Delineation and Development Program: Blackbird has focused on furthering the development of its southern Wapiti core area, enhancing production capacity, and the continued delineation of its extensive Montney resource. In the next
    • … Continue Reading

    Valeura Announces Rig Release From Yamalik-1 Well and Positive Evaluation Results

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    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    CALGARY, July 24, 2017 /CNW/ – Valeura Energy Inc. (“Valeura” or the “Corporation“) (TSX: VLE) is pleased to announce that the first deep exploration well, Yamalik-1, under Phase 1 of the Banarli farm-in agreement (the “Banarli Farm-in“) with its partner Statoil Banarli Turkey B.V. (“Statoil“), has completed drilling and the drill rig has been released. The well was drilled to a total depth of 4,196 metres and has been cased and left in a state ready for completion and production testing. The estimated … Continue Reading

    Total Energy Services Inc. Announces 2017 Second Quarter Conference Call and Webcast

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    CALGARY, ALBERTA–(Marketwired – July 24, 2017) – Total Energy Services Inc. (“Total”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2017. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO, will host the call.

    Open to: Shareholders and other interested persons Date: August 11, 2017 Time: 9:00 a.m. (Mountain Time) Call: (800) 806-5484 or (416) 340-2217 Passcode: 7958945#

    A live webcast of the conference call will be accessible on Total’s website at www.totalenergy.ca by selecting “Webcasts”.

    Shortly after the … Continue Reading

    PentaNova Energy Corp. Announces Finalized Terms on Acquisition of Patagonia Oil Corp and Financing Totalling $45.6 Million in Units

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    VANCOUVER, July 24, 2017 /CNW/ – PentaNova Energy Corp. (the “Company“) (TSXV: PNO) is pleased to provide an update on the acquisition of 100% of the shares of Patagonia Oil Corp.

    Patagonia is a private British Virgin Islands company focused on oil and gas plays in Argentina.  Patagonia has renegotiated certain of its agreements to acquire oil and gas assets in Argentina and now has binding agreements to acquire 39% interest in the Llancanelo Exploitation asset, 100% of the Km8 assets, 18% carried interest in La Mariposa, 54.14% in SRDE Production, 7.92% in SRDE Exploitation which were previously described … Continue Reading

    PrairieSky Announces Second Quarter 2017 Results

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    CALGARY, ALBERTA–(Marketwired – July 24, 2017) – PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX:PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2017.

    2017 Second Quarter Highlights: • Funds from operations of $75.0 million or $0.32 per share, basic and diluted and net income of $40.5 million or $0.17 per share, basic and diluted • Revenues of $102.2 million including $69.0 million of royalty revenue and $29.5 million of lease bonus consideration generated by leasing land for new and existing plays • Average royalty production of 25,706 BOE per day,… Continue Reading