In fact, the Calgary-based company plans to increase its capital expenditures in Europe in 2023 as it sees larger returns in the energy-hungry region than in Canada or the United States.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Benchmark U.S. crude prices, which ended last year at US$80 a barrel, closed below $74 on Friday, roughly back to where they were at the start of 2022 — before Russia’s invasion of Ukraine. “On oil, we’re cautiously bullish. On European gas, there’s been a weakness . . . but, really, weather has a big impact in the short term,” said Hatcher.
Meanwhile, prices at the U.K. National Balancing Point trading hub will average US$42.50 per mcf, the report forecasts. The Canadian firm expects the charge to be on the lower end of initial projections because of weakening European gas prices, with Vermilion now anticipating a $250-million bill for 2022, and an estimated $300-million charge this year.Article content
Despite the unexpected tax, Vermilion’s spending in Europe will increase to $230 million this year, while spending in Canada and the U.S. will inch up to $340 million.
Take our money and run away!!!!!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Varcoe: Despite $250M windfall tax, Canada's Vermilion Energy hikes spending in EuropeThe Calgary\u002Dbased company sees larger returns in the energy\u002Dhungry region than in Canada or the United States
Source: calgaryherald - 🏆 64. / 52 Read more »
IIHF president hopeful about Hockey Canada’s future with new board despite ‘damage’ - Terrace StandardLuc Tardif said he believes new members can address issues of sexual harassment in hockey
Source: TerraceStandard - 🏆 24. / 68 Read more »
Political parties obligated to list fundraising venue locations despite security issues: Elections Canada\u0027Parliament may wish to consider amending the legislation to address emerging security concerns in this area,\u0027 the agency said Security issues? lol, sounds like a shield for money laundering and illegal donations. Hoisted on their own petard lol Rule breaking Justin as usual…
Source: nationalpost - 🏆 10. / 80 Read more »
Hockey Canada still has work to do, advocates say — despite World Juniors success | CBC NewsNow that the IIHF World Juniors hockey tournament is all over, advocates and experts say it’s time for Hockey Canada to refocus on the scandal hanging over its head. I am the proud queen THESE players should not be punished for the players of the past! Stop I thing to do with these kids. I can’t wait tell you have your funding pulled
Source: CBCNews - 🏆 2. / 99 Read more »
Canada vs Czechia WJC Final Picks and Predictions: O(ver) CanadaComing off a pair of dramatic wins in the semifinals, Canada and Czechia will meet in the IIHF U20 gold medal game tonight in Halifax as the heavily favored…
Source: ottawasuncom - 🏆 4. / 92 Read more »
Canada vs Czechia WJC Final Picks and Predictions: O(ver) CanadaComing off a pair of dramatic wins in the semifinals, Canada and Czechia will meet in the IIHF U20 gold medal game tonight in Halifax as the heavily favored…
Source: TheTorontoSun - 🏆 23. / 68 Read more »