Canada

Cenovus Pelican Lake oil sands project evacuated due to wildfire

CNRL, Cenovus Pelican Lake oil sands staff evacuated By Nia Williams and Eric M. Johnson CALGARY, Alberta, June 8 (Reuters) – Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five […]

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NOV acquires completion tools business of Trican Well Service

NOV says acquisition gives it new technologies, best-in-class manufacturing, sales into new markets National Oilwell Varco, Inc. says plans to acquire Trican Well Service Ltd.’s completion tools business, which designs and sells downhole tools for multi-stage fracturing and completions in North America and select international markets, for $53.5 millionCDN. “The transaction with NOV will strengthen our balance sheet and will

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Husky Energy sees free cash flow, may reinstate dividend after oil rally

Husky Energy Sunrise oil sands project operational By Eric M. Johnson CALGARY, Alberta, June 1 (Reuters) – Husky Energy Inc, Canada’s No. 3 integrated oilcompany, expects to generate full-year free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. Husky also said it successfully restarted its 30,000-barrel-per-day (bpd) Sunrise

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