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Oilweek Magazine
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Oilweek subscribers can click on the cover to access their full-version digital copy of the current edition of the magazine.
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Click here to view a free sample digital edition of Oilweek magazine. As a paid subscriber, all issues of the magazine, including back issues, are online for you to read, search, and reference. |
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Latest Headlines
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Mar 10, 2010 6:42:00 PM MST
CALGARY _ Savanna Energy Services Corp. (TSX:SVY) said Wednesday that it lost $18.1 million in its latest quarter as revenue dropped nearly 40 per cent.
The oilfield services firm said the loss amounted to 23 cents per diluted share for the quarter ended Dec. 31 compared with a loss of $311 million or $5.26 per diluted share a year ago.
The results for the quarter included a $27.4-mi...
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Mar 10, 2010 6:20:00 PM MST
CALGARY _ Savanna Energy Services Corp. (TSX:SVY) said Wednesday that it lost $18.1 million in its latest quarter as revenue dropped nearly 40 per cent.The oilfield services firm said the loss amounted to 23 cents per diluted share for the quarter ended Dec. 31 compared with a loss of $311 million or $5.26 per diluted share a year ago.The results for the quarter included a $27.4-mi
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Mar 10, 2010 5:05:00 PM
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CALGARY _ The National Energy Board has proposed changes to many of the recommendations a federally appointed panel made for the Mackenzie Gas Project in the Northwest Territories.The federal energy regulator could tweak 85 of the 176 recommendations contained in the Joint Review Panel's report into the environmental and socio-economic effects of the project."The NEB is considering
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Mar 10, 2010 3:40:00 PM
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CALGARY _ The National Energy Board has proposed changes to many of the recommendations a federally appointed panel made for the Mackenzie Gas Project in the Northwest Territories.The federal energy regulator wants to modify 85 of the 176 recommendations contained in the Joint Review Panel's report into the environmental and socio-economic effects of the project.The board says the
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Mar 10, 2010 3:37:00 PM
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EDMONTON _ Greenpeace activist Mike Hudema marched up the steps of the Alberta legislature Wednesday to present Premier Ed Stelmach with pictures of ducks killed in an oilsands tailings pond.One of the premier's aides met the activist just inside the front door of the legislature and took the photos, promising to forward them to the premier.Stelmach raised a few eyebrows when he to
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Mar 10, 2010 3:19:00 PM
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BP PLC, Europe's second-largest oil company, is the leading candidate to purchase assets worth more than US$5 billion from independent oil and gas producer Devon Energy, the Wall Street Journal said Wednesday.BP (NYSE:BP) is expected to buy Devon's interests in the Gulf of Mexico, offshore Brazil and a stake in its Canadian energy business, the Journal said, citing unnamed people familiar
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Mar 10, 2010 2:53:00 PM
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TORONTO _ Brookfield Asset Management Inc. (TSX:BAM.A) announced a plan Wednesday to sell part of its stake in wood panel maker Norbord Inc. (TSX:NBD) in a secondary offering worth about $150 million.Brookfield said it will reduce its stake from 73 per cent to about 53 per cent after the sale of the shares.Norbord will not receive any cash from the offering.Under the deal,
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Mar 10, 2010 1:53:00 PM
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CALGARY _ Paramount Energy Trust (TSX:PMT.UN) has signed a deal to acquire oil and natural gas assets in the Edson area of west central Alberta from an unidentified company for $126 million.The trust said the deal includes 1,685 barrels of oil equivalent per day in production with 80 per cent of it coming from natural gas as well as gathering and processing infrastructure and undeveloped l
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Mar 10, 2010 1:35:00 PM
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MINTO, N.B. _ NB Power is closing its Grand Lake generating station earlier than expected because of a fire.The coal-fired plant was expected to close in June when its licence expires, but a fire last week in a boiler means the facility will close immediately.The utility says it would not be economically feasible to repair the boiler just to keep it running until June.Const
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Mar 10, 2010 1:25:00 PM
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NEW YORK _ Oil settled above US$82 on Wednesday after driving past $83 briefly following a U.S. government report that showed crude oil supplies didn't grow as much as analysts expected last week.Benchmark crude for April delivery rose 60 cents to settle at $82.09 on the New York Mercantile Exchange.The U.S. Energy Information Administration said crude inventories grew last week by
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