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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Suncor credits efforts including standardizing maintenance practices across mines and improving management of site water to get more production out of existing assets for contributing to the company’s US$7 per barrel reduction in its West Texas Intermediate (WTI) break-even price in 2024 to $42.90. bbl between 2017 and 2019, according to BMO.

Oil 130
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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

In addition, certain Directors, management and their affiliates intend to subscribe for 23,333,333 new Ordinary Shares at the Issue Price to raise a further £0.7 Additional management analysis suggests that future, two-mile laterals on the Paradox project will have an estimated P50 individual well performance of 3.6 million gross.

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CanCambria Energy Corp. announces changes to management team and board

Oil & Gas 360º

Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary. Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career.

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Colombia’s GeoPark appoints Felipe Bayon as its new CEO

Oil & Gas 360º

From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol , one of the most important energy groups in Latin America, where he led 18,000 employees, oversaw production of approximately 700,000 boed and revenues of over $30 billion, and delivered record financial, operational, and safety results. and the U.K.,

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CanCambria Energy Corp. appoints Eric Vaughan as Vice President of Drilling and Completions, and announces change of Corporate Secretary

Oil & Gas 360º

He has held senior management positions with both service companies and operating companies, contributing to projects at all stages. ” In addition, CanCambria also announces the retirement of the Company’s Corporate Secretary, Margo Peters, who has served in the role since the Companys inception in 2017.

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New creditors’ battle emerges in Citgo auction reboot

Oil & Gas 360º

billion last year by an affiliate of hedge fund Elliott Investment Management due to conditions included. ” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join.

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