Canada's finance minister reports plans to cut tax distributions for publicly traded income trusts. The government is proposing a four-year transition period not subject to the new measures until the 2011 taxation year.
Murphy Oil Corp., El Dorado, Ark., (NYSE: MUR) has closed its New Orleans office to centralize E&P in Houston.
CanWest Petroleum Corp., Calgary, (Amex: BQI) plans to change its name to Oilsands Quest Inc. and trade under a new symbol.
Breaker Energy Ltd., Calgary, now trades on the Toronto Stock Exchange as WAV.A and WAV.B.
Arawak Energy Corp., Anguilla, British West Indies, plans to trade on the Toronto Stock Exchange.
Irwin Energy Inc., Vancouver, (Pink Sheets: IWNE) plans to change its name to Irwin Resources Inc., and trade on the Pink Sheets as IWRS.
Surge Enterprises, Inc., Vancouver, (OTCBB: SGEI) has changed its name to Southern Star Energy Inc. and will trade on the Bulletin Board as SSEG. It also reports a 7.5-for-one stock split.
Crescende International Inc., Vancouver, (Pink Sheets: CDIT) plans a one-for-100 reverse stock-split on Nov. 1.
EastCoast Energy Corp., Tortola, British Virgin Islands, (Toronto Venture: ECE-A) plans to change its name to The Orca Exploration Group Inc.
Rider Resources Ltd., Calgary, (Toronto: RRZ) plans to consolidate its outstanding shares on a one-for-two basis and change its name to Rider Exploration Ltd.
Core Resources Ltd., Toronto, (formerly Crescende International Inc.) now trades on the Pink Sheets as CRLJ.
Chevron Ups Dividend, Authorizes $75 Billion Share Buyback
2023-01-26 - Tudor, Pickering, Holt & Co. said Chevron’s dividend was in-line with expectations, while the $75 billion buyback may suggest an upside to the high end of the company’s earnings set for release Jan. 27.
Guyana Projects State Oil Revenue to Hit $1.63 Billion This Year
2023-01-17 - Guyana's finance minster called 2022 "a major year of exploration" for the country.
Chevron Appoints Mark A. Nelson Vice Chairman
2023-01-27 - With more than 35 years of experience with Chevron, Mark A. Nelson will take on additional responsibilities with the added role of vice chairman.
Oil, Gas Industry Earned $4 Trillion Last Year, Says IEA Chief
2023-02-14 - In recent years, the oil and gas industry pulled in profits averaging $1.5 trillion, according to International Energy Agency head Fatih Birol.
Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once
2023-01-27 - International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.