By Wendy Ferguson – BHRLR, CPHR – Ferguson HR Consulting No matter how big or small your company is in Canada’s energy industry, your employees have to be engaged for your company to be successful. I can’t count how many times I’ve heard an interview candidate say that since they … Read more
FOR: SAVANNA ENERGY SERVICES CORP.TSX SYMBOL: SVYDate issue: April 11, 2017Time in: 9:12 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 11, 2017) – Savanna Energy Services
Corp. (“Savanna”) (TSX:SVY) announces it has received a notice (the “Noti…
NEW YORK — You didn’t think those super-low gas prices would last forever, did you?
The U.S. government says a rebound in oil prices means drivers will be paying more at the pump this summer than last year. But that will still be a bargain compared to just a few years ago.
The Energy Information Administration on Tuesday forecast that retail gas will cost an average of $2.46 a gallon from April through September, up from $2.23 a gallon over the summer of 2016.
The price of crude oil has risen about 15 per cent over the last year, although at $53 a barrel, oil still costs about half as much as it did in the middle of 2014. Prices tumbled after that because of a huge supply glut.
“Motorists have gotten used to gas prices under $3 a gallon and that will continue,” says Patrick DeHaan, senior petroleum analyst for the gas price tracking firm GasBuddy.
Gas prices rise over the summer as more people hit the road to take advantage of the warmer weather and school breaks. And while gas prices can vary a great deal depending on geography and other factors, the agency says it believes the average price of gas will rise to $2.39 a gallon this year, from $2.15 a gallon in 2016.
If that holds, the average U.S. household would spend about $200 more on gasoline than it did in 2016, the EIA said. But that imaginary average household would still save about $300 compared to average yearly spending on gas from 2012 to 2016.
Gas prices are now the highest they’ve been in about a year and a half, according to the American Automobile Association. Prices at the pump are now above $3 a gallon in some places, a barrier that is psychologically significant and keeps some people from driving as much as they would otherwise.
“Demand for gasoline likely will be flat or slightly lower than last year because of the increase in price,” DeHaan said.
Diesel prices are also expected to rise to $2.70 a gallon this year from $2.34 a gallon, but that’s also well below the average price of the fuel over the last five years. The U.S. now produces so much more oil than it did in years past that oil prices, and in turn gas prices, are much lower than they were a couple of years ago.
While DeHaan expects gas consumption to fall slightly, he said drivers will probably set another record for the amount of miles they drive because fuel efficiency has improved.
Marley Jay, The Associated Press
FOR: JURA ENERGY CORPORATIONTSX SYMBOL: JECDate issue: April 11, 2017Time in: 8:08 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 11, 2017) – Jura Energy Corporation
(“Jura”) (TSX VENTURE:JEC) today announced the filing on SEDAR of its
consolida…
April 10, 2017 Presented by POIM Consulting Group Major /Interesting Projects PENGROWTH Energy Corporation very large compression projects at Gas Plant SWAN HILLS SOUTH Seven Generations Energy Ltd. Large Gas battery 02-03-064-04W6 Rifle Shot Oil Corp install Pump at existing facility 01-18-039-06W4 Northern Blizzard Resources Inc Custom Treating Facility Kindersley BONTERRA Energy Corp New PAD … Read more
FOR: TRINIDAD DRILLING LTD.TSX SYMBOL: TDGDate issue: April 11, 2017Time in: 5:27 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 11, 2017) –
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
Trini…
FOR: PETROSHALE INC.TSX VENTURE SYMBOL: PSHDate issue: April 11, 2017Time in: 5:16 PM eAttention:
DENVER, COLORADO–(Marketwired – April 11, 2017) – Mr. Todd Slawson announced
today that as a result of the recently announced closing of a public offerin…
FOR: TRAVERSE ENERGY LTD.TSX VENTURE SYMBOL: TVLDate issue: April 11, 2017Time in: 5:10 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 11, 2017) – Traverse Energy Ltd.
(“Traverse” or “the Company”) (TSX VENTURE:TVL) presents financial and
operat…
FOR: CHANGFENG ENERGY INC.
TSX VENTURE SYMBOL: CFY
Date issue: April 11, 2017
Time in: 5:05 PM e
Attention:
TORONTO, ONTARIO–(Marketwired – April 11, 2017) – Changfeng Energy Inc., (TSX
VENTURE:CFY) (“Changfeng” or the “Company”), an energy service provider in
China, announced today that the Company has received Hainan provincial
regulatory approval (“the approval”) to increase natural gas sale price to its
residential users, and non-residential users in Sanya City, Hainan Province,
China.
With the approval, the maximum selling price to residential users increased, on
average, 21%, while the maximum selling price to non-residential customers has
increased approximately 8.9%. The Company is entitled to adjust its selling
price based on its gas purchase cost and the market environment under the
maximum selling price. This selling price increase is subject to the Sanya City
Price Bureau’s final approval before implementation.
The approval of increase in natural gas selling price could increase the sales
of the Company’s operation in Sanya Region.
Changfeng Energy Inc.
Changfeng Energy Inc. is a natural gas service provider with operations located
throughout the People’s Republic of China. The Company services industrial,
commercial and residential customers, providing them with natural gas for
heating purposes and fuel for transportation. The Company has developed a
significant natural gas pipeline network as well as urban gas delivery
networks, stations, substations and gas pressure regulating stations in Sanya
City & Haitang Bay. Through its network of pipelines, the Company provides safe
and reliable delivery of natural gas to both homes and businesses. The Company
is headquartered in Toronto, Ontario and its shares trade on the Toronto
Venture Exchange under the trading symbol “CFY”. For more information, please
visit the Company website at www.changfengenergy.com.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes
that the expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct. Such forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the actual results,
performance or achievements to differ materially from the anticipated results,
performance or achievements or developments expressed or implied by such
forward-looking statements. This news release does not constitute an offer to
sell or solicitation of an offer to buy any of the securities described herein
and accordingly undue reliance should not be put on such. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.
– END RELEASE – 11/04/2017
For further information:
Changfeng Energy Inc.
Mr. Yan Zhao CPA. CA. MBA
Chief Financial Officer
647.313.0066
yan.zhao@changfengenergy.cn
OR
Changfeng Energy Inc.
Ms. Ann S.Y. Lin
VP, Corporate Development and Corporate Secretary
647.313.0066
siyin.lin@changfengenergy.cn
COMPANY:
FOR: CHANGFENG ENERGY INC.
TSX VENTURE SYMBOL: CFY
INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170411CC0077
Press Release from Marketwired 1-866-736-3779
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FOR: PETROSHALE INC.TSX VENTURE SYMBOL: PSHDate issue: April 11, 2017Time in: 4:03 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 11, 2017) – On April 11, 2017 Mr. M.
Bruce Chernoff (“Chernoff”) acquired, through Hawthorne Energy Ltd., an entity…
CALGARY — Pembina Pipeline Corp. (TSX:PPL) has signed a non-binding letter of intent to develop a liquefied petroleum gas export terminal on Watson Island, south of Prince Rupert, B.C.
The Calgary-based pipeline operator signed the agreement with Prince Rupert Legacy Inc., a wholly owned subsidiary of the City of Prince Rupert.
The company said it has started a site assessment for the West Coast project and engagement with stakeholders including aboriginal communities.
Initial assessments indicate the development of an export terminal with a capacity of about 20,000 barrels per day of LPG at a capital cost ranging between $125 million and $175 million, Pembina said.
The company said it expects a project timeline of two years from a final investment decision.
The project is still subject to completion of design and engineering requirements, appropriate definitive agreements, environmental and regulatory permits and the approval of Pembina’s board.
The Canadian Press
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