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

Oil & Gas 360º

They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. bbl between 2017 and 2019, according to BMO. Back in 2017-2019, U.S. shale for its quicker drilling time and returns.

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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

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Don’t cancel or coddle at-risk capital projects—challenge them

McKinsey

Findings from economic geographer Bent Flyvbjerg, editor of The Oxford Handbook of Megaproject Management (Oxford University Press, June 2017), confirm a stark reality: Out of a database of 16,000 projects, only 8.5 A new approach to stress testing helps keep them on track. percent met their cost and schedule targets, and a mere 0.5

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MY FAVOURITE OIL SERVICES COMPANY PHX ENERGY SERVICES PHX-TSX PHXHF-PINK

Oil and Gas Investments

It’s rare to find a company–in any sector–with a combination of high quality management who own a lot of stock and execute SO WELL on a business model—as well as PHX Energy Services does. In 2017, drilling a 10,000-ft lateral well took 8.76 million shares repurchased, part of a 25% share reduction since 2017. •

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CanCambria Energy Corp. announces changes to management team and board

Oil & Gas 360º

Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary.

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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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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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