Petro-Canada

Recent Articles

C-NLOPB Approves Hebron Application
Thursday, May 31, 2012 The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) approves ExxonMobil's Hebron development application.
Petro-Canada to Fire Up Syrian Gas Production Soon
Tuesday, April 06, 2010 Petro-Canada announced Tuesday it would start producing some 80 million cubic feet of gas a day (or 2.5 million cubic meters a day) from Syria's Ebla gas project.
Faroe: Possible Hydrocarbons Found in North Sea Well
Tuesday, March 23, 2010 Potential hydrocarbons were encountered at the Fogelberg prospect located in the Norwegian North Sea.
KCA DEUTAG Lands Drilling Gig in Libya
Thursday, March 11, 2010 KCA DEUTAG secured two contracts for Petro-Canada's drilling campaign in the Sirte Basin which comprises approximately fifty onshore vertical exploration wells.
Noble Energy Purchases DJ Basin Upstream Assets
Tuesday, March 02, 2010 Noble Energy has closed the previously announced purchase of substantially all of Petro-Canada and Suncor's U.S. Rockies upstream assets.
Fogelberg Prospect Spudded in Norwegian Sea
Friday, February 12, 2010 Drilling has commenced on the Fogelberg prospect, operated by Centrica Resources, in the Norwegian Sea.
North Sea Wildcat Purrs for Petro-Canada
Monday, January 11, 2010 Petro-Canada, operator of production license 375, has completed the drilling of wildcat well 34/4-11, which proved oil in the Brent group and in the Statfjord formation.
Suncor Reports on Oil Sands Production for November
Thursday, December 03, 2009 Suncor's oil sands production during November averaged approximately 314,000 barrels per day (bpd).
TSMarine to Abandon 2 Moray Firth Wells for Petro-Canada
Monday, November 16, 2009 A new contract will see TSMarine Subsea prepare a program to abandon two Category One suspended subsea wells in block 25 of the Moray Firth region for Petro-Canada UK.
Suncor Posts Higher Net Earnings for Third Quarter '09
Friday, November 06, 2009 Suncor Energy reported third quarter 2009 net earnings of $929 million, compared to $815 million in the third quarter of 2008.
Suncor, Petro-Canada Complete Merger
Monday, August 03, 2009 Suncor has completed its merger with Petro-Canada on August 1, the "new" Suncor Energy will begin trading on the New York Stock Exchange today and on the Toronto Stock Exchange on August 7.
Petro-Canada Highlights Strategy, Plans White Rose Start-Up in Early 2010
Thursday, July 30, 2009 Petro-Canada has highlighted the company's business strategy and outlook for the remainder of the year as it intends to merge with Suncor. Petro-Canada has also provided an update on its major development projects.
Strong Operations, Solid Liquidity Position Petro-Canada Well for Merger
Thursday, July 30, 2009 "Staying the course we charted for ourselves at the beginning of this year has us in a strong position heading into our merger with Suncor," said Ron Brenneman, Petro-Canada's president and chief executive officer.
Petro-Canada to Drill Exploration Well 34/4-11 with Songa Delta
Tuesday, July 21, 2009 Petro-Canada was granted consent to conduct exploration drilling of well 34/4-11 with the Songa Delta semisub.
Province Snags Increased Stake, Top Royalty Rate in Hibernia Southern Ext.
Tuesday, June 16, 2009 "Hibernia South will increase and sustain production from the Hibernia field, preserving employment levels while providing a significantly greater royalty return for the province than any previous project," said Newfoundland & Labrador's Premier.
Shell to Wait for Right Econ to Move on Certain Projects
Monday, June 08, 2009 Royal Dutch Shell will wait until the economics is right before advancing its oil sands and floating liquefied natural gas projects, its outgoing chief executive said Monday.
Petro-Canada's Shareholders Vote Yes to Merge with Suncor Energy
Thursday, June 04, 2009 Petro-Canada's shareholders approved the merger of the Company and Suncor and certain of their subsidiaries, pending a positive shareholder vote by Suncor's shareholders. All other resolutions also passed at the annual general and special meeting.
AGR's Software to Maximize Performance During Well Construction Projects
Tuesday, June 02, 2009 AGR Petroleum Services has secured contracts for its cutting-edge software that will allow operators to maximize performance during well construction projects.
Petro-Canada Reports Profits Down, Keeps Strong Liquidity
Tuesday, April 28, 2009 Petro-Canada announced today first quarter operating earnings of $111 million, down 88% from $899 million in the first quarter 2008.
Suncor, Petro-Canada Choose Executive Team for Merged Co.
Thursday, April 23, 2009 Suncor Energy Inc. and Petro-Canada announced the executive team that is expected to lead the combined company on closing of the proposed merger.