The history of Obsidian Energy Ltd can be traced back to 1980 after the amalgamation of a couple of small firms that had been formed to operate within the tough oil and gas sector of Western Canada. In the years that followed, the company witnessed significant growth by acquiring both producing and non-producing oil and gas properties.
The recently renamed midsized Canadian Oil and natural gas production firm is located in Calgary, Alberta along the Western Canadian Sedimentary Basin. The region is known for having the most significant petroleum reserves in the world. The company relies on production from three key areas namely Alberta Viking, the Peace River oil sands, and Pembina Cardium.
In the past, Obsidian Energy was known as Penn West Exploration Ltd, Penn West Petroleum, as well as Penn West Energy Trust. The management announced the change of its name to Obsidian Energy Ltd in June 2017, effective immediately. According to the chief executive officer, Dave French, the firm settled on the name because the volcanic glass occurs naturally and allows sharpening and honing.
Following the change of name, the company’s stock symbol both on the New York Stock Exchange and Toronto Stock Exchange will be replaced with ‘OBE.’ 92 percent of the shareholders voted in favor of the name change. However, the management did not expect the shareholders to make any adjustments due to these changes.
Obsidian Energy Ltd plans to seek modest growth for the next three years. Its spending budgets are strictly tied to the oil and gas prices. Obsidian is committed to implementing enhanced oil recovery techniques at all times in all the core areas of operations. It relies on Water Flood as the primary technique because it allows the extraction of hydrocarbons – something that wouldn’t have been possible if the conventional central methods of production were used.
The company is also evaluating other useful production techniques such as steam injection methods (like cyclic steam stimulation and steam assisted gravity drainage) and carbon dioxide miscible flooding. The application of improved recovery methods of production permits the firm to increase reserves as well as output from the prime, conventional and gas properties that make up a considerable part of its asset base. Refer to This Site.
More On: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy
Behind any success of the National Steel Car, there is a great man – Gregory Aziz. The National Steel Car Company enjoys more than 100 years of good work and excellence in a very competitive field of engineering and manufacturing. With a sole aim of providing quality work, National Steel Car has gained a good and recommendable reputation all over North America.
According to James Aziz, their achievement is backed up with people. Their work is dynamic, innovative and values-driven. This makes them immensely proud what they are doing. To achieve more, National Steel Car Company under the leadership of Gregory J Aziz continually challenges itself. Evaluation and challenges are done by raising the bar. Due to that, they have built the highest quality railcars. They are also dedicated and ready to improve their production quality for better life. It is also the only company which happened to annual TTX SECO award for the last one decade.
The National Steel Car does not dwell on the past but the present. They are always out looking for customer reviews on how to improve their services. With more than 2,000 team members, this company is devoted to high quality and performance.
So, who is this great man called Gregory J Aziz? For those who do not know him, Gregory James Aziz was born on April 30, 1949. He was raised in London, Ontario. He got his primary education from Ridley College and his university education from the University of Western Ontario. This is where specialized in economics.
After his education, he was introduced to the business where he worked with his family business. This family business grew to be the leading importer of fresh food. The countries which benefited from the Affiliated Foods which was owned by Greg’s family include Central America, Europe, and South America. During his stay in that family business, Greg James Aziz was responsible for food supply to Eastern Canada and the United States. Get More Info
Working in his family business gave him an opportunity to work with several other banking institutions which needed his help. His hard work gave him capital which he used to buy National Steel Car from Dofasco. After buying it, James Aziz promised himself that he would make the National Steel Car the leading company in North America. The National Steel Car Company is ISO 9001:2008 organization that is working and serving the North American Region.
Gregory Aziz is the Chief Executive Officer and president of National Steel Car. He has held the position since 1994 when he purchased the company from Dofasco. NSC has flourished in the leadership and management of Greg James Aziz.
Gregory James Aziz was born on 30 April 1949. James grew up in Ontario and went to Ridley College then later, the University of Western Ontario. He joined Affiliated Foods in 1971. James worked with this fresh food importing company for more than ten years. He then worked with investment banking opportunities in New York between 1980s and early 1990s. James Aziz became the CEO and president of National Steel Car in 1994. He is married to Irene, and they reside in Ontario.
National Steel Car is a company that engineers and produces railcars. It is also an engineering company. It began its manufacturing and engineering over 100 years ago, and ever since then, NSC has had a clean and spectacular record. Its background was rather rough, as it had to rise from the “sleeping giant” of Canada, to become one of the world’s leading producers of railcars. Go To This Page for more information
When Greg James Aziz took over NSC, he wanted to make it a great North American company. He had the dream of producing the most quality freight cars in North America; and also lead in production rate. This would put it on the leaderboard of railcar companies in the region.
Gregory J Aziz saw his dream to fulfillment. National Steel Car is currently the manufacturer of latest cars in North America. It is also the leading freight car manufacturer in the region. NSC has had a record of holding the TTX SECO award, since 1996. The 1996 garner was not the last, as it won the award for ten other consecutive years. Its other astounding record is the ISO Certification, which National Steel Car was prized, as the first and only freight car company in North America to acquire it.
Greg Aziz has seen an influx of production rate, and growth in the number of workers. In 1999, the employment rate shot from 600 which was the record at the time of purchase; to 3,000 yearly. Currently, the company still employs new workers every year, and the rate ranges from 900 to 1,000. This creation of employment opportunities consequently led to the growth of the Hamilton community. Currently, the company supports activities and fairs in Canada.