Industry News
London - Invensys Process Systems (IPS), a global technology, software and consulting firm, recently announced that it has signed a multi-million dollar contract with Waha Oil Company, a Libya-based oil producer, to provide comprehensive automation upgrades at the company's oil fields in Gialo, Waha, Dahra, Samha and Defa.
Calgary, AB - Suncor Energy Inc. and Petro-Canada today announced that they have agreed to merge the two companies. Upon completion of the transaction, the parties have agreed the combined entity will operate corporately and trade under the Suncor name, while maintaining the brand presence of Petro-Canada in refined products.
VANCOUVER, B.C. - GOLDCORP INC. today (February 19, 2009) reported record gold production of 691,800 ounces for the quarter ended December 31, 2008. Reported net earnings amounted to $958.1 million in the quarter, or $1.31 per share, which includes a non-cash foreign exchange gain on the revaluation of future income tax liabilities. Adjusted net earnings in the quarter were $84.4 million, or $0.12 per share. The Company also announced today that total proven and probable reserves increased seven percent to 46.3 million ounces as of December 31, 2008, Goldcorp’s fifth consecutive annual reserves increase.
CALGARY, AB - EnCana Corporation announced recently that it achieved solid increases in 2008 cash flow and operating earnings as a result of strong growth in natural gas and oil production and higher prices. Financial results were enhanced in the fourth quarter by EnCana's favourable natural gas price hedges. Again in 2008, EnCana achieved strong year-over-year proved reserves additions.
CALGARY, AB - Suncor Energy Inc. reported earlier this month that production at its oil sands facility during January averaged approximately 251,000 barrels per day (bpd). Suncor is targeting average oil sands production of 300,000 bpd (+5%/-10%) in 2009.
For the fourth time, Syncrude has earned Gold Level accreditation in the national Progressive Aboriginal Relations program. Syncrude is the only oil sands company and one of 11 Canadian companies to hold this distinction.
CALGARY, AB - SAIT Polytechnic will permanently shave one week from its 16-week long semesters beginning this fall. 
On the heels of celebrating its 10th year as an oil-producing province, Newfoundland and Labrador achieved another significant milestone with the production (on January 23, 2009) of its one billionth barrel of oil from its three offshore oil projects - Hibernia, Terra Nova and White Rose.
CALGARY-EnCana Corporation is offering a cash reward of up to $500,000 for information directly leading to the arrest and prosecution of the individual or individuals responsible for the recent bombings at EnCana facilities in the Tomslake area near Dawson Creek, BC. The reward is intended to encourage anyone with information to help the police solve these crimes, stop any further attacks and help ensure the safety of the communities in and around Dawson Creek.

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