Penn West wants to change its name to Obsidian Energy after surviving an accounting scandal, debt crisis and commodity price crash over the past three years. Continue reading →

Penn West Petroleum Ltd. says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point area of northern Alberta. Continue reading →

Penn West Petroleum Ltd. is cutting its capital budget for 2016 to only one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and works to reduce expenses. Continue reading →

Penn West Petroleum Ltd. has agreed to sell its properties in the Greater Mitsue area of central Alberta for $192.5 million cash. Continue reading →

A fresh wave of layoffs is hitting the energy sector as two oil and gas companies cut a total of 900 jobs, mostly in Calgary. Continue reading →