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Precision Drilling writes down assets, says capital budget will plunge in 2016

2015-10-22 15:54:51| Oil & Gas - Topix.net

Precision Drilling Corp. is writing down the value of its assets and planning for a much smaller capital spending budget next year, the company said Thursday as it reported a 38 per cent decline in third-quarter revenue. The Calgary based company reported an $87 million net loss, or 30 cents per share, for the three months ended Sept.

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Shell Canada obtains authorisation for Shelburne Basin drilling project offshore Nova Scotia

2015-10-21 01:00:00| Offshore Technology

Shell Canada has received an operations authorisation from the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) to begin drilling at the Shelburne Basin Venture Exploration Drilling Project.

Tags: canada project nova shell

 
 

Trinidad Drilling (TDG) - Analysts' Recent Ratings Changes

2015-10-19 22:00:19| Logistics - Topix.net

They now have a "buy" rating on the stock. 10/14/2015 - Trinidad Drilling had its price target lowered by analysts at AltaCorp Capital from C$7.00 to C$6.00.

Tags: recent changes ratings trinidad

 

Lundin begins drilling exploration well in Rolvsnes prospect, offshore Norway

2015-10-19 01:00:00| Offshore Technology

Lundin Norway has started drilling of exploration well 16/1-25 S on the Rolvsnes prospect in production licence PL338C in offshore Norway.

Tags: begins norway exploration prospect

 

Obama Cancels Arctic Drilling Leases

2015-10-17 16:27:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: It just keeps getting better and better for the Arctic. First, Shell Oil pulled the plug on its horrific current drilling effort there two weeks ago. Now the Obama administration has taken its first concrete steps to reduce future threats. Yesterday, it cancelled new lease sales scheduled for next year and 2017 in our Polar Bear Seas--the Chukchi and Beaufort--off the north Alaskan coast. And just said "No" to extension requests from Shell and others holding existing leases in the region. This...

Tags: arctic drilling leases obama

 

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