Darcy McCormick new CEO of Weyburn’s Jerry Mainil Limited
WEYBURN – Some jobs don’t come open very often. One of the Saskatchewan oilpatch’s longest-running oilfield service companies is seeing just its second change in senior management in its 61 year history. The last time this happened was 30 years ago, when Dennis and Dale Mainil, and their brother-in-law Calvin Tracey, bought out patriarch Jerry Mainil.
Saudi oil giant Aramco’s first-quarter profits surge 80%
By Isabel Debre in Dubai DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and...
UFA announces petroleum expansion into Saskatchewan
UFA Co-operative announced on May 12 it will expand its petroleum business into key markets in central and eastern Saskatchewan, with Weyburn and Yorkton being the first.
Venezuela plans stock sale of state-owned companies
CARACAS, Venezuela (AP) — In a break from its socialist model, Venezuela's government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses. Scant...
Crescent Point reports $1.18B Q1 profit, raises quarterly dividend
CALGARY — Crescent Point Energy Corp. raised its quarterly dividend as it reported first-quarter net income of $1.18 billion, boosted by a reversal of a non-cash impairment charge related to the rise in energy prices. The company said it will...
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