Crude oil production to reach 5.86 million barrels per day by 2035: CAPP

The Canadian Association of Petroleum Producers (CAPP) is projecting Canadian crude oil production will increase by 1.27 million barrels per day to 5.86 million by 2035. The association’s latest forecast predicts total production in Western Canada will reach 5.76 million…

Precision Drilling reports $198.3M fourth-quarter loss

Precision Drilling Corp. reported a loss of $198.3 million in its fourth quarter as it was hit by $208 million in goodwill impairment charges. The oilfield services company says the loss amounted to 68 cents per diluted share for the…