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Breaking free
- Details
- Category: Business
- Published on 06 February 2012
The high cost of capital and expensive resource plays make it difficult for many juniors to swim ahead of the school
The days of three guys joining forces, launching an exploreco with a market cap of about $30 million and drilling some wells may be coming to an end. Or at least their prospects for success today are slimmer than they were certainly a decade ago when accretive income trusts provided a ready exit strategy.
Women in Industry
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- Category: Business
- Published on 27 January 2012
The glass ceiling may still be in place in Canada's oil and gas industry. Women, however, do not see the ceiling as a barrier, but as a challenge. Illustrated below is a comprehensive survey of 500 women in the oil and gas industry.
Producer of the Year
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- Category: Business
- Published on 23 December 2011
Bonavista combines what was best about income trusts with what is best about corporations to create a dividend-paying powerhouse
Keep it low-key. Don’t stand out in the crowd too much. And because success is a team effort at Bonavista Energy Corporation, bring in your president and chief operating officer to focus the discussion on the company and its people—these are just some of the things Keith MacPhail, Bonavista’s chairman and chief executive officer, seems to have considered before sitting down to discuss his company’s selection as Oilweek’s 2011 Producer of the Year.
Treading lightly
- Details
- Category: Message from Editor
- Published on 01 November 2011
Oilweek's 2011 Supplier of the Year is front and centre in the oil and gas industry's efforts to reduce its environmental footprint
This past year hasn’t been kind to the Canadian service and supply sector, as falling oil prices, stagnant gas prices, weak demand and the global financial mess have conspired to cause grief for virtually all sectors of the Canadian economy, service and supply included.
Running On Fumes
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- Category: Business
- Published on 01 November 2011
In another initiative to increase demand and reap the rewards of low natural gas prices, operators are turning to gas to power their drilling activities
Natural gas prices remain below C$4 per thousand cubic feet. Crude oil is hanging in around the US$80 pera barrel mark. And diesel fuel remains around US$4 pera gallon. Natural gas demand remains weak in North America as the United States struggles to avoid a double-dip recession, suggesting that gas prices will stay right where they are for at least the next few years. And most of us fully expect crude oil to climb off the price mat sooner rather than later—after all, plus-$100-plus oil is only a hurricane or a Middle East uprising away.
