oil drilling
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N.L. judge says extension of offshore drilling licence unreasonableEnvironmental groups had argued the decision to extend an exploration drilling licence beyond the term limit was unlawful and lacked proper environmental oversight.EnvironmentJul 7, 2020
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CNRL 2020 budget rises by $250M on oil curtailment ease; putting more rigs to workCanadian Natural Resources says its 2020 capital budget will be $250 million higher than last year as it adds about 60 drilling locations across Alberta and puts three additional rigs to work.MoneyDec 4, 2019
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Kenney vows to fight for Alberta oil sector as drillers forecast almost no growth in 2020The CAODC predicts just nine more wells will be drilled in Canada in 2020 compared to 2019, and fewer drilling rigs are expected to be in service.CanadaNov 13, 2019
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Alberta allows producers to drill new conventional oil wells without production limitsJust in time for the winter drilling season, the Alberta government is hoping to boost the economy by allowing new oil wells to be drilled.EconomyNov 8, 2019
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Precision Drilling reports Q1 profit, revenue up from year ago as rigs continue moving southPrecision Drilling says it made a profit in its latest quarter, as Canadian oil companies with operations in the U.S. are earning more money south of the border.EconomyApr 25, 2019
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Acquisitions, insolvencies cited as drilling company count tumbles by 40%A new analysis cites industry data which shows only 26 drilling contractors have been working so far in 2019, 17 fewer than observed in 2014.EconomyApr 22, 2019
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Western Canada oil and gas producer count down by nearly 300 names since 2014The total number of companies producing oil and gas in Western Canada has fallen by 17.5 per cent in the four years since global oil prices began crashing.CanadaApr 11, 2019
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Bankrupt energy companies can’t abandon old oil wells, Supreme Court rulesThe Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land without having to clean up.CanadaJan 31, 2019
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Rachel Notley unveils carbon tax break for oil and gas drilling companiesAlberta Premier Rachel Notley is handing out tax breaks for oil and gas drillers along with criticism of Ottawa's lack of appreciation for how damaging are current price discounts on western Canadian oil.EconomyNov 22, 2018
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Ensign shares jump as driller reports lower loss, higher revenue in 3rd quarterShares in Ensign Energy Services Inc. closed about eight per cent higher at $5.49 Monday after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent.MoneyNov 5, 2018
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