2018

Suncor to increase production in 2018 while capital spending drops $750 million

Oil sands cash costs per barrel are $23-26 dollars Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 boe/d, according to a press release. The midpoints of these ranges represent a year over year production increase of more […]

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PSAC forecasting 7,900 wells drilled in 2018, better than 2017

2018’s activity to be better than 2015, 2016 and 2017 The Petroleum Services Association of Canada (PSAC) released its 2018 Canadian Drilling Activity Forecast, with an expectation of 7,900 wells drilled in Canada, according to a press release. For 2017, the association’s final revised forecast predicts a yearly total of 7,550 wells. PSAC bases its

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2nd generation Nissan LEAF electric car makes North American debut

2018 Nissan LEAF starts at $35,998 in Canadian dealerships Nissan debuted the LEAF in North American following the LEAF’s global launch in Tokyo, Japan. The next-generation of LEAF, the world’s best-selling affordable, mass-production electric vehicle, goes on sale in early 2018 at all 97 Nissan electric vehicle certified dealerships in Canada, according to a Nissan

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Calgary and Edmonton on the road to economic recovery – Conference Board

Unless oil price rises above $50/b, high paying oil and gas jobs may not return until 2018 or later Gradually rising oil prices will help pull the economies of Calgary and Edmonton out of recession this year, according to The Conference Board of Canada’s Metropolitan Outlook: Spring 2017. Calgary’s economy is expected to grow for

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