Company lost $69 million in its latest quarter as it more than doubled its production compared with a year ago.
Calgary Mining News
Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and natural gas assets from ConocoPhillips.
Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.
The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.
The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.
Strategy is part of Dominion's goal of securing the best deal possible for all its shareholders.
Montana-based Washington Co is offering 36% above the closing price of the Canadian miner’s shares on Friday.
More than 500 unionized workers are expected to ratify the agreement in an upcoming vote scheduled for March.
Brendan Bell, who has also resigned to Dominion's board, has agreed to stay on as CEO until June 30 to ensure a smooth transition.
The adoption of a“partial upgrading” technology could bring in hundreds of millions of dollars into Alberta's economy, a new study claims.
The oil giant is “actively engaged” in talks to swap North American assets, mostly Canadian, with international oil companies.
But CEO Sveinung Svarte won’t publicly say when that date will arrive.
Company claims comment was part of a requirement for the application to the National Energy Board.
Despite objections from several groups, the Harper government declared over the weekend the humpback a "species of special concern" under the Species at Risk Act (SARA).
But the Calgary-based company acknowledges the path will be full of obstacles.
Major oil Canadian pipelines that move almost 1 million barrels per day (bpd) of Alberta oil sands crude, remained shut on Monday.
A new Fraser Institute study shows when adjusted for population, Calgary in Alberta is by far the Canadian leader in the concentration of corporate headquarters, with 6.0 corporate head offices per 100,000 people in 2010, double that of Toronto. This concentration in the country's oil heartland is important because of the spin-off effects associated with corporate headquarters. Support professionals such as lawyers, consultants, and accountants tend to establish themselves near these headquarters and create a larger professional community, a greater concentration of knowledge, and easier access to high quality services for other companies nearby.