December 31, 2017 by Filipe Pacheco (Bloomberg) For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalated, ties between Qatar and its neighbors were severed, rebels … Read more
December 29, 2017 Reuters The U.S. oil rig count rose by about 42 percent by end-2017 compared to the levels seen during the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices.Drillers held the number of oil rigs steady for a second straight week at 747 in the week to … Read more
December 29, 2017 Canadian crude-by-rail exports to the United States climbed to a six-month high of 137,000 barrels per day in October, data from the National Energy Board showed on Friday, the latest sign that tight pipeline capacity is pushing more oil onto railroads.October was the third straight month in which rail exports climbed. Volumes … Read more
December 29, 2017 by David Wethe (Bloomberg) Oil explorers are closing out a year marked for its heightened pleas of austerity from investors with restraint. The number of working rigs drilling for crude remained unchanged for a second straight week, at 747, according to Baker Hughes data reported Friday. The count is also unchanged from … Read more
December 29, 2017 by Kevin Crowley (Bloomberg) As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven’t locked in returns for future production. When West Texas Intermediate breached $60 a barrel, it was good news generally for U.S. shale … Read more
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FOR: DESERT LION ENERGY CORP.
Date issue: December 29, 2017Time in: 4:30 PM eAttention:
TORONTO, ONTARIO–(Marketwired – Dec. 29, 2017) –
Not for Distribution to U.S. Newswire Services or for Dissemination in the
United States
Desert Lion Energy Corp….
December 29, 2017 by Liam Denning (Bloomberg Gadfly) God didn’t die in 2017, but he did throw his hands up. Andy Hall, the oil trader blessed with that nickname, caused a stir this summer by closing down his main hedge fund after long arguing for oil prices to rally and reportedly suffering big losses. Hall didn’t … Read more
December 28, 2017 by Naureen S. Malik (Bloomberg) U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018. The eastern half of the country is locked in a deep freeze with the potential to generate the … Read more
December 28, 2017 by Tim Loh and Christopher Martin (Bloomberg) The arctic blast that’s turning the northern half of the U.S. into a giant icebox this week has been good news for oil and coal. Plants were using the most fuel oil in three years on Thursday to produce the electricity that’s powering heaters across … Read more
December 29, 2017 by Heesu Lee and Grant Smith (Bloomberg) Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale. Futures are up more than 11 percent in 2017, … Read more
Who was the Biggest Canadian Energy Industry “Grinch” of 2017? Rachael Notley – Her support of the industry that drives her province came in the form of more regulations, a carbon tax and increased corporate taxes Justin Trudeau – Changing and unclear policies by the Trudeau government contributed to TransCanada’s decision to finally cancel … Read more
CALGARY — Imperial Oil says its much-delayed $16.1-billion project to build a natural gas pipeline across the Northwest Territories from the coast of the Beaufort Sea to northern Alberta has finally been cancelled.
In a brief news release posted on it…
December 28, 2017 by Heesu Lee and Grant Smith (Bloomberg) Oil traded near the highest level in more than two years in New York after a pipeline explosion curbed production in OPEC member Libya. West Texas Intermediate futures were little changed, having climbed above $60 a barrel on Tuesday for the first time … Read more
December 28, 2017 by Alex Longley (Bloomberg) Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising U.S. output is threatening those efforts. Geopolitical tensions also add a wild … Read more
EDMONTON — Nexen Energy is facing workplace charges following the deaths of two oilsands workers in northern Alberta.
The men had been doing maintenance work in a hydrogen compressor building at the company’s Long Lake upgrader near Anzac on Jan. 15, …
December 27, 2017 by Alex Longley and Heesu Lee (Bloomberg) Oil retreated from its highest close in more than two years in London and New York amid low volume, as a pipeline carrying crude to a Libyan export terminal was said to need a week for repairs following an explosion on Tuesday. West Texas Intermediate … Read more
December 26, 2017 by Scott Deveau (Bloomberg) A slowdown in big energy deals pushed the value of mergers in Canada lower for the first time since 2013, offsetting a decade-high resurgence in domestic transactions. Canadian firms were involved in $243.5 billion worth of mergers and acquisitions through Dec. 26, down 11 percent from $272.3 billion … Read more
December 26, 2017 (Bloomberg) Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves this year were the fewest on record and replaced just 11 percent of what was produced, according … Read more
FOR: TRANSCANADATSX SYMBOL: TRPNYSE SYMBOL: TRPDate issue: December 27, 2017Time in: 8:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 27, 2017) – News Release – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that i…
December 26, 2017 (Bloomberg) Saudi Arabia expects oil revenue to jump about 80 percent by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter. Under a six-year program to balance the budget, officials predict rising oil prices and output will push income from … Read more
December 26, 2017 by Jessica Summers (Bloomberg) A pipeline blast in Libya combined with a bullish Saudi budget forecast boosted crude prices to levels not seen since mid-2015. Futures in New York and London touched the highest in more than two years after reports of an explosion at a pipeline operated by Waha Oil that carries … Read more
December 24, 2017 The Canadian Press CALGARY – In a rare sign of optimism for the future of the oilsands, South Korea-owned Harvest Operations Corp. says it has decided to complete and begin producing from a 10,000-barrel-per-day project it halted more than two years ago due to low oil prices. The Calgary-based arm of state-owned Korea … Read more
December 25, 2017 by Khalid Al-Ansary and Kadhim Ajrash (Bloomberg) Iraq’s Oil Minister Jabbar Al-Luaibi said he’s optimistic crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India. “I am very optimistic that in the first quarter, oil markets will witness balance,” Luaibi told reporters in … Read more
December 22, 2017 Reuters LONDON/NEW YORK (Reuters) – Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual. Brent crude futures, the international benchmark for oil prices, ended the session up … Read more
December 22, 2017 by Scott Deveau (Bloomberg) Canada’s market for initial public offerings flourished in 2017 despite a drop in overall equity sales, as a lack of large transactions and fewer energy deals dragged down volumes. Total Canadian equity and equity-linked issuances fell 22 percent to about C$39.7 billion ($31 billion) through Dec. 21, down … Read more
December 22, 2017 Globe Newswire CALGARY, Alberta, Dec. 22, 2017 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to announce that the semi-annual review of its credit facility has been completed. The Company voluntarily reduced the availability under the credit facility from $60 million to $50 million, consisting of a $45 … Read more
December 22, 2017 Permian Basin Drilling Rig U.S. energy companies kept the oil rig count unchanged this week, General Electric Co’s Baker Hughes energy services firm said on Friday, even though crude prices hovered near their highest level since the summer of 2015.The rig count , an early indicator of future output, held at 747 … Read more
December 22, 2017 MONTREAL – Canadian National Railway is testing the commercial viability of shipping dry pellets of heavy crude by rail, a process it says lessens environmental risk and could unlock offshore markets for the country’s energy producers. Earlier this year CN (TSX:CNR) unveiled the technology, called CanaPux, which turns bitumen into a … Read more
Canada’s drilling rigs went down by 28 to the current count of 210 actively drilling rigs according to data collected by Baker Hughes for the week of December 22nd. From one week ago, Alberta rig counts decreased from 167 to 162 and the Saskatchewan rig count decreased by 14 to 29. Oil drilling went down … Read more
CALGARY, Alberta and HOUSTON, Dec. 22, 2017 /PRNewswire/ — Dynacorp Energy Services (“Dynacorp”) and Energes Oilfield Solutions, LLC (“Energes”) have come together to form EnerCorp Sand Solutions (“EnerCorp”), a leading provider of sand management products and technologies for the oil and gas industry. EnerCorp designs, manufactures, sells, rents and services patented and proprietary sand control solutions for onshore operators … Read more
CALGARY, Dec. 21, 2017 /PRNewswire/ – Horizon North Logistics Inc. (“Horizon North” or the “Corporation”) (TSX – HNL) is pleased to provide an update on the Corporation’s modular solutions operations and commentary on recent business developments. Modular Solutions Horizon North is gaining traction on its modular solutions offering and continues to add certainty to its project portfolio … Read more
December 21, 2017 The Canadian Press CALGARY – Investors in failed oilfield services firm Poseidon Concepts Corp. are being offered hope of some compensation under a proposed settlement reached by the law firm leading a class action lawsuit. Toronto law firm Siskinds LLP says up to $36.5 million would be contributed from insurance policies to be … Read more
December 21, 2017 Reuters NEW YORK (Reuters) – With more than 144 million barrels added to hedges, global oil markets rallied by as much as $13 in the quarter. Higher prices helped producers lock in profits for future sales. That should guarantee that total production exceeds 10 million bpd in 2018, which would be an all-time … Read more
December 21, 2017 by Julie Verhage (Bloomberg) Bitcoin enters a bear market (really!), the U.S. government may just barely avert a shutdown (again), and India’s bond rout is just getting started. Here are some of the things people in markets are talking about. Bitcoin’s Bear MarketBitcoin tumbled below $15,000 Thursday in U.S. trading, technically entering a bear market after … Read more
December 22, 2017 by Ben Sharples and Grant Smith (Bloomberg) Oil headed for the first weekly advance in a month as U.S. crude stockpiles fell to the lowest level in more than two years and the pace of production gains slowed. Front-month futures slid 0.5 percent in New York, trimming the weekly gain to 1.4 … Read more
December 20, 2017 Reuters Canada’s offshore oil industry, a sliver of the country’s crude sector, is drawing rising investment interest due to an aggressive push by Newfoundland and Labrador as prices plummet in oil-rich Alberta due to pipeline problems.Offshore interest in the Atlantic province stands in contrast to Western Canada’s oil fields, where foreign companies have … Read more
VICTORIA — Salmon migrating through rivers and streams in British Columbia use all their strength, but new research says even tiny amounts of diluted bitumen weakens their chances of making it back to spawn.
Exposure to diluted bitumen hinders the swi…
LETHBRIDGE, Alta. — The winds of change are pushing Mark Kokas in a new career direction.
Nearly two years after being laid off as an electrician in Alberta’s flailing oil and gas sector, the 42-year-old is training to become a wind turbine technician…
December 21, 2017 Reuters LONDON (Reuters) – Britain’s Forties oil and gas pipeline, one of the biggest in the North Sea, should be repaired around Christmas, its operator Ineos said on Thursday, the earlier end of a timeframe the company gave to carry out the work. The announcement pushed oil prices lower. Forties plays an important … Read more
December 21, 2017 by Lorcan Roche Kelly (Bloomberg) House Republicans push stop-gap bill to avert shutdown, what’s next on Trump’s reform plan, and another headache for Theresa May. Here are some of the things people in markets are talking about today. Holiday cover The House is set to vote on a stripped-down funding plan which … Read more
December 21, 2017 by Grant Smith (Bloomberg) Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid more than forecast to a two-year low. Futures fell 0.1 percent in New York after settling on Wednesday at the highest since Dec. 1. U.S. inventories fell 6.5 million … Read more
Dec 21, 2017 by Theophilos Argitis (Bloomberg) Canadian inflation jumped above the Bank of Canada’s 2 percent target as the nation’s red-hot economy begins to show signs of price pressure. Inflation accelerated to 2.1 percent in November from a 1.4 percent rate in October, Statistics Canada reported Thursday in Ottawa. While the jump was due … Read more
GUELPH, Ontario, Dec. 21, 2017 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has been awarded a 112 MWp solar photovoltaic (PV) project in the state of Pernambuco, Brazi in the country’s A-4 auction that was just held in December. Canadian Solar … Read more
CALGARY, Dec. 21, 2017 /CNW/ – Ikkuma Resources Corp. (TSXV: IKM) (“Ikkuma“) is pleased to announce the final closing of its previously announced acquisition of certain assets located in the Alberta Foothills as well as in the British Columbia Deep Basin (the “Foothills Acquisition“) for cash consideration of $29.7 million, subject to customary adjustments. The Foothills Acquisition has an … Read more
CALGARY, AB (December 15, 2017) – The Petroleum Services Association of Canada (PSAC) has begun the search for a new President and CEO following the resignation of Mark Salkeld which will be effective March 15, 2018. The petroleum services, supply and manufacturing sectors are looking forward to more certain times following the past two challenging … Read more
CALGARY — Sales of oil and gas drilling rights in Alberta delivered almost four times as much money for the provincial treasury in 2017 compared with 2016 but the total remained well short of the record.
Alberta Energy reports receiving $18 million in…
FOR: GENERAL FUSION
Date issue: December 21, 2017Time in: 9:00 AM eAttention:
General Fusion achieves first plasma in new machine — a milestone for
private fusion venture
VANCOUVER, BC –(Marketwired – December 21, 2017) – Ten times more powerful
th…
December 20, 2017 by Lorcan Roche Kelly (Bloomberg) Tax reform passes Senate vote, Europe says Uber is a taxi company, and Spain is back on the risk map. Here are some of the things people in markets are talking about today. Deal (almost) done In the early hours of the morning the Senate voted 51-48 … Read more
December 20, 2017 by Grant Smith (Bloomberg) Oil headed toward its highest close in over a week as industry data was said to show a larger-than-expected drop in U.S. crude stockpiles. February futures in New York added 0.4 percent after gaining 0.6 percent Tuesday. Inventories fell 5.2 million barrels last week, the American Petroleum Institute … Read more
December 20, 2017 by Jessica Summers, Alex Longley and Christopher Sell (Bloomberg) The direction of oil prices in 2018 will be decided in Texas. Crude oil production out of the U.S. is expected to hit record levels next year, buoyed in part by OPEC supply curbs that have put a floor under prices. For analysts forecasting … Read more
CALGARY — Driving by empty workforce accommodation camps along northern Alberta highways near Fort McMurray, the oilsands boom that became a bust still hits home three years after the slide began.
The empty parking lots surround plain, functional-look…
By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst December 18, 2017 Three years and three weeks after the ill-fated November 2014 OPEC meeting which precipitated the world oil price collapse, the light at the end of the tunnel may not be a train. In terms of opportunities for all the players in … Read more
FOR: ALTAGAS LTD.TSX SYMBOL: ALADate issue: December 20, 2017Time in: 8:27 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2017) – AltaGas Ltd. (AltaGas)
(TSX:ALA) is pleased to announce that on December 1, 2017 commercial operations
commence…
December 19, 2017 Reuters Nebraska’s Public Service Commission on Tuesday denied TransCanada Corp’s motion to amend its application for a route for the proposed Keystone XL pipeline through the state, a move that the company had hoped would head off legal challenges against the project.The commission approved a path for Keystone XL last month, but it … Read more
CALGARY — Nebraska regulators have declined requests to amend its approval allowing TransCanada Corp.’s Keystone XL pipeline to run through the state.
The Nebraska Public Service Commission says in an order that in a unanimous vote it denied all motio…
December 19, 2017 Reuters Enbridge Inc will ration space on its Mainline crude pipeline system in January, the company said on Tuesday, the latest sign of record storage inventories in western Canada pushing export networks to capacity.Canada’s largest pipeline company said it will apportion Lines 4 and 67, which ship heavy crude, by 36 percent and … Read more
Phoenix’s “Introduction to Canadian NGL Marketing” is a 2-day introductory level course covering all marketing related topics within the Canadian NGL Industry. Some of the main topics covered in this course include: NGL Supply and Demand Fundamentals NGL Transportation, Fractionation, and Storage NGL Scheduling and Forecasting NGL Markets & Pricing NGL Business Cycle and Contracts … Read more
CALGARY — The Transportation Safety Board of Canada says a lack of detailed inspection procedures contributed to a 10,000-litre crude oil leak east of Edmonton last March.
The board says the leak from a storage tank at the Enbridge terminal in Sherwoo…
December 18, 2017 Globe Newswire CALGARY, Alberta, Dec. 18, 2017 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic”, or the “Company”) (TSXV:SOG) announces its Board of Directors has approved a $9 million capital program for the first half of 2018. The Company is eager to commence its 2018 winter drilling program focused on Muskeg wells … Read more
December 19, 2017 by Grant Smith (Bloomberg) Oil traded near $57 a barrel for a third day before data expected to show that surplus crude inventories in the U.S. continued to diminish as global markets rebalance. Futures rose 0.7 percent in New York after slipping 0.2 percent on Monday. Inventories probably lost 3 million barrels … Read more
December 19, 2017, by Keith Naughton (Bloomberg) Automakers with ambitious plans to roll out more than a hundred new battery-powered models in the next five years appear to be forgetting one little thing: Drivers aren’t yet buzzed about the new technology. Electric cars—which today comprise only 1 percent of auto sales worldwide, and even less … Read more
December 19, 2017, by Lorcan Roche Kelly (Bloomberg) It’s vote day for the tax overhaul plan, EU rules out special deal for U.K. banks, and emerging markets may have run out of luck. Here are some of the things people in markets are talking about today. Voting The House is scheduled to vote on the … Read more
U.S. Drilling Productivity Report – December EIA’s Drilling Productivity Report (DPR) for December has now been released. The DPR takes a fresh look at oil and natural gas production, starting with an assessment of how and where drilling for hydrocarbons is taking place. It uses recent data on the total number of drilling rigs in … Read more
CALGARY — Inter Pipeline Ltd. (TSX:IPL) says it has decided to go ahead with a $3.5-billion petrochemical project in an industrial area north of Edmonton.
The complex will convert propane into polypropylene, a plastic used in the manufacturing of prod…
CALGARY, Alberta, Dec. 18, 2017 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to announce its recent successful drilling results and kick off of the next phase of its drilling program in Pod 2. Operations and Corporate Update Granite has recently drilled and completed its ninth and final horizontal development … Read more
CALGARY, Alberta, Dec. 18, 2017 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV:RZE) (www.razor-energy.com) is pleased to announce that it has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm’s length private company (the “Kaybob Assets”) for cash consideration … Read more
The service sector, including the energy services sector, is a key driver of the Canadian economy. Consider IT, management services, or financial and insurance services, all three of which account for Canada’s fastest growing exports. According to John Greenwood of Maclean’s, some of Canada’s fastest growing exports are in the services sector – a sector … Read more
December 18, 2017 Reuters Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.This will drive down the profit margins for the oil sands industry, already … Read more
December 18, 2017 by Lorcan Roche Kelly (Bloomberg) Tax bill expected to pass, Wall Street bonus pool looks shallow, and (another) big week in Brexit negotiations. Here are some of the things people in markets are talking about today. Counting the votes President Donald Trump said the U.S. economy will “start to rock” as the … Read more
December 18, 2017 by Grant Smith (Bloomberg) Oil steadied above $57 a barrel in New York as the threat of supply disruptions from the North Sea to OPEC member Nigeria and reduced U.S. drilling all suggested the global surplus may continue to fade. Futures added 0.5 percent in New York, matching Friday’s gain. U.S. explorers … Read more
What Is Factoring? Simply put, factoring is selling your accounts receivable to a third party at a discount. Factoring is also known as accounts receivable financing or a/r financing. A good example of factoring can be found when doing business with Capital Now Inc. You sell Capital Now one of your invoices. They will give … Read more
On a job with a Flowback partner, a Specialized Desanders Model 62020 replaced two 10k Hydro cyclones and two 5k Hydro cyclones. To verify the performance of our Gravity Desander, they installed one 5k Hydro cyclone downstream of the Desander, which did not see any sand. By stopping all the sand with a single Desander, … Read more
CALGARY – Perceptions of the Calgary economy are slowly improving, but a new survey of business leaders for Calgary Economic Development and the Calgary Chamber has revealed a recognition that this is not the same business cycle and new ideas are needed. “There is optimism for the year ahead,” concluded the report from Calgary research firm Stone … Read more
December 16, 2017 by Matt Townsend (Bloomberg) Now that Republicans in Congress have released their final tax bill, two big questions remain. What will companies do with all that cash, and who will benefit the most? In the joint House-Senate legislation released Friday, which is expected to be voted on next week, the crucial provisions … Read more
December 17, 2017 by Ari Natter and Christopher Martin (Bloomberg) Congressional leaders have reached a deal preserving a $12 billion source of financing for U.S. wind and solar developers. A provision included in the sweeping overhaul released Friday evening would preserve most of the value of renewable energy tax credits that developers use to raise … Read more
December 17, 2017 by Julian Lee (Bloomberg Gadfly) And OPEC thought 2017 was tough. 2018 could be a killer. The starting point isn’t great. The group and the International Energy Agency — the two giants of the oil world — have very different views of the year ahead. OPEC sees the policy of output restraint finally … Read more
December 15, 2017 Reuters U.S. energy companies this week cut oil rigs for the first time in six weeks in spite of prices rising close to their highest in over two years and drillers starting to boost spending plans for next year.The oil rig count fell by four to 747 in the week to Dec. 15, … Read more
OTTAWA — Parliament Hill’s busiest social week of the year started with Liberals basking in byelection victories and culminated in a celebration of the Supreme Court’s chief justice, who is retiring after almost three decades at the high court.
Hundre…
December 15, 2017 by Andrew Mayeda, Josh Wingrove and Eric Martin (Bloomberg) The U.S., Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement. Negotiators are poised to wrap up their latest round of talks Friday in Washington without closing any new chapters of a revamped … Read more
Canada’s drilling rigs went up by 19 to the current count of 238 actively drilling rigs according to data collected by Baker Hughes for the week of December 15th. From one week ago, Alberta rig counts increased from 160 to 167 and the Saskatchewan rig count increased by 15 to 43. Oil drilling went up … Read more
December 15, 2017 CNW CALGARY, Dec. 15, 2017 /CNW/ – The National Energy Board (NEB) oral hearings on an application from NOVA Gas Transmission Ltd. (NGTL) to build a natural gas pipeline east of the Town of Sundre will begin on December 18. The hearing will start at 9 a.m. in the NEB’s hearing room in Calgary and is expected to run for two days. … Read more
December 15, 2017 Reuters NEW YORK (Reuters) – Oil prices were mixed on Friday, lingering below two-year highs on Friday as the continuing outage of a North Sea pipeline and OPEC-led production cuts supported prices, while climbing U.S. output kept a lid on gains. Brent crude futures were down 9 cents at $63.22 a barrel by … Read more
EDMONTON — Alberta has begun monitoring oilsands emissions from the sky.
The province’s environmental monitoring agency is using airborne sensing equipment to measure the release of greenhouse gases and other chemicals from oilsands mines north of For…
CALGARY, Dec. 14, 2017 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) announces a 2018 capital program focused on preserving financial flexibility and reducing balance sheet leverage ratios, while delivering annual average daily production volume growth of more than 45% over anticipated 2017 annual average daily production volumes. 2018 CAPITAL BUDGET The 2018 Painted … Read more
CALGARY, Dec. 14, 2017 /PRNewswire/ – Compass today announced the appointment of a new Executive role designed to position the Company Divisions for long-term growth. In early 2018 Compass will officially launch a new website and branding initiative in step with its newly minted Divisions: Compression, Process, Service, Rental and Retrofit Divisions. Bill Moore will be joining the … Read more
FREDERICTON — Federal Environment Minister Catherine McKenna is suggesting New Brunswick’s approach to carbon pricing won’t meet Ottawa’s requirements, but Premier Brian Gallant is defending his plan.
The province released a plan this week that will s…
CALGARY — Canadian oilsands producers face rising price discounts as growing production “materially exceeds” export pipeline capacity to the United States in the first quarter of 2018, RBC Dominion Securities says in a new research report.
The report …
December 15, 2017 by Angelina Rascouet (Bloomberg) Oil steadied below $65 a barrel in London after a volatile week in which the market was shaken by the shutdown of a North Sea pipeline that underpins the Brent benchmark. Prices in London were little changed on the week. They jumped above $65 for the first time … Read more
December 15, 2017 by Serene Cheong (Bloomberg) The world’s biggest oil buyers are getting pickier about their American crude purchases. Asian refiners are discovering that the quality of cargoes varies, leading to fluctuations in the type of fuels they can produce. The shale boom and the end of a U.S. oil-export ban have proven a … Read more
December 15, 2017 by Grant Smith (Bloomberg) The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which OPEC finally succeeds in clearing a supply glut, and another where that goal remains elusive. In the estimation of the Organization of Petroleum Exporting Countries, production curbs by the cartel and … Read more
December 15, 2017 by Lorcan Roche Kelly (Bloomberg) Final tax plan due, showdown in the oil market, and Brexit talks set to get messy. Here are some of the things people in markets are talking about today. Compromise text The final details of the tax plan are due to be released later today by Congressional Republicans, … Read more
December 15, 2017 by Robert Tuttle (Bloomberg) The trains are running late for Canada’s oil producers just when they need them the most. After a two-week shutdown of one of the largest export pipelines to the U.S. caused oil to back up in Alberta tank farms, Canadian railroad companies struggling to fulfill commitments to ship … Read more
A Commentary by Wendy Ferguson – BHRLR, CPHR burnout noun burn·out \ ˈbərn-ˌau̇t \ the reduction of a fuel or substance to nothing through use or combustion. physical or mental collapse caused by overwork or stress. Do you have a chronic feeling of being out of sync with one or more aspects of your … Read more
FREDERICTON — New Brunswick is adopting federal targets for large industrial emitters that could make them pay to offset their pollution.
The province introduced legislation Thursday that it says would also redirect taxes on gasoline and diesel to pro…
FOR: CRESCENT POINT ENERGY CORP.TSX SYMBOL: CPGNYSE SYMBOL: CPGDate issue: December 15, 2017Time in: 12:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 15, 2017) – Crescent Point Energy Corp.
(“Crescent Point” or the “Company”) (TSX:CPG) (NYSE…
FOR: PETRUS RESOURCES LTD.TSX SYMBOL: PRQDate issue: December 15, 2017Time in: 6:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 15, 2017) – Petrus Resources Ltd.
(“Petrus” or the “Company”) (TSX:PRQ) is pleased to announce an operations
updat…
CALGARY, Alberta, Dec. 14, 2017 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) plans to invest between $1.5 billion and $1.7 billion in 2018, with the majority of the budget allocated to sustain base production at the company’s oil sands operations. The remaining capital will primarily support continued construction at the phase G oil sands … Read more
FREDERICTON — An environmental group in New Brunswick says the province’s plan to combat climate change offers no incentive for motorists to reduce the amount of fuel they burn.
“I understand what the government is trying to do by saying we’re going t…
CALGARY, Alberta, Dec. 13, 2017 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (“Raging River” or the “Company”) (TSX:RRX) announces that the Company’s board of directors has approved a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 boe/d (92% oil) with fourth quarter … Read more
TSX, NYSE: BXE CALGARY, Dec. 14, 2017 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “our” or the “Company”) (TSX, NYSE: BXE) is pleased to announce a fourth quarter 2017 operational update, including completion of its 2017 capital program with production volumes exceeding guidance, and reconfirmation of its bank credit facility borrowing base. In addition, Bellatrix is pleased … Read more
CALGARY, Dec. 13, 2017 /CNW/ – (TSXV: CWC) CWC Energy Services Corp. (“CWC” or the “Company“) is pleased to announce that it has completed its previously announced rights offering which expired on December 11, 2017 (the “Rights Offering“). The Rights Offering was fully subscribed and generated approximately $26.0 million in gross proceeds. The Company issued an aggregate of 130,148,781 common shares (“Common Shares“) (102,026,683 … Read more
December 14, 2017 Reuters HOUSTON, Dec 14 (Reuters) – Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade. The United States is on track to deliver up to 80 percent of the world’s oil production gains through 2025, the … Read more
December 14, 2o17 by Liam Denning (Bloomberg Gadfly) North America’s oil producers have adopted a meek tone of late. But the numbers suggest they’re locked and loaded heading into 2018. Bloomberg New Energy Finance on Wednesday released an extensive new database (available only to Bloomberg Terminal clients), compiled by Peter Pulikkan, Bert Gilbert, Daniel McLaughlin and … Read more
December 14, 2017 by Kevin Crowley and Meenal Vamburkar (Bloomberg) It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado as a way to expand beyond the shale plays of Texas and New Mexico. During the three-year crude-market collapse, … Read more
December 14, 2017 by Ben Sharples and Grant Smith (Bloomberg) Oil traded below $57 a barrel as the International Energy Agency said OPEC-led production cuts aimed at clearing a global glut may falter next year. Futures slipped 0.6 percent in New York after falling 2.4 percent the previous two sessions. While a glut in developed markets … Read more
December 14, 2017 by Kevin Orland (Bloomberg) Clean energy is coming to Canada’s oil patch. The government of Alberta — home to the world’s third-largest oil reserves — on Wednesday auctioned off 595 megawatts of renewable energy capacity to be built in the province. That exceeded the government’s target of 400 megawatts. The process marks … Read more
December 14, 2017 by Lorcan Roche Kelly (Bloomberg) A raft of central bank decisions, tax overhaul’s latest challenge, and it’s PMI day. Here are some of the things people in markets are talking about today. Central bank day After the Federal Reserve raised rates as expected yesterday, and China’s tightening overnight, today it’s the turn … Read more
CALGARY — Cenovus Energy Inc. said Thursday it is planning to cut about 15 per cent of its workforce as it looks to reduce costs next year.
The company (TSX:CVE) said it expects to find savings in areas such as drilling performance, development planni…
FOR: KELT EXPLORATION LTD.
TSX Symbol: KEL
Date issue: December 14, 2017
Time in: 9:00 AM e
Attention:
CALGARY, AB –(Marketwired – December 14, 2017) – The Board of Directors (the
“Board”) of Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX: KEL) is
pleased to announce that it has appointed Geri Greenall as a director of the
Company effective December 14, 2017. Ms. Greenall is currently Executive Vice
President, Portfolio Manager and Chief Operating Officer of Kyklopes Capital
Management Ltd. She has over 14 years of experience either as a Portfolio
Manager or Research Analyst in the oil and gas industry. Ms. Greenall is
expected to be appointed as a member of the Audit Committee and the Nominating
Committee of the Board.
Kelt is also pleased to announce that it expects to make a further addition to
its Board following the expected retirement of Eldon A. McIntyre, as a
director, on or about April 18, 2018. Mr. McIntyre has served as a director of
the Company since its inception and is a member of the Audit, Reserves,
Compensation and Nominating Committees of the Board. Kelt would like to thank
Mr. McIntyre for his leadership and service over the years and wishes him the
best during his upcoming expected retirement from the Board.
At the Company’s next Annual General Meeting of Shareholders, expected to be
held on or around April 18, 2018, Kelt plans to nominate Michael R. Shea for
election to the Board. Mr. Shea began his career in the oil and gas industry
in 1980, has held various senior executive positions and was Vice President,
Land for Celtic Exploration Ltd. (“Celtic”) for 10 years prior to the sale of
Celtic in February 2013. Mr. Shea is expected to become a member of the
Company’s Reserves Committee and Compensation Committee.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any
of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”,
“ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends”,
“potentially” and similar expressions are intended to identify forward-looking
information or statements. In particular, this press release contains
forward-looking statements pertaining to the following: the expected
retirement Eldon A. McIntyre as a director, the date of Kelt’s April 18, 2018
Annual General Meeting of Shareholders, the planned nomination and anticipated
election of Michael R. Shea as a director of the Company and the expected
Board committee appointments for Kelt’s new directors.
Although Kelt believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Kelt cannot give any
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
In addition, the reader is cautioned that historical results are not
necessarily indicative of future performance. The forward-looking statements
contained herein are made as of the date hereof and the Company does not
intend, and does not assume any obligation, to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise unless expressly required by applicable securities laws.
– END RELEASE – 14/12/2017
For further information:
For further information, please contact:
KELT EXPLORATION LTD.
Suite 300, 311 âÇô 6th Avenue SW
Calgary, Alberta, Canada T2P 3H2
DAVID J. WILSON
President and Chief Executive Officer
(403) 201-5340
SADIQ H. LALANI
Vice President and Chief Financial Officer
(403) 215-5310
Or visit our website at www.keltexploration.com
COMPANY:
FOR: KELT EXPLORATION LTD.
TSX Symbol: KEL
INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20171214CC008
Press Release from Marketwired 1-866-736-3779
All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.
FOR: NORTHLAND POWER INC.TSX Symbol: NPI.PR.BTSX Symbol: NPI.DB.CTSX Symbol: NPITSX Symbol: NPI.PR.ATSX Symbol: NPI.PR.CTSX Symbol: NPI.DB.BDate issue: December 13, 2017Time in: 10:36 PM eAttention:
TORONTO, ON –(Marketwired – December 13, 2017) – N…
CALGARY — Bids in an auction to pick renewable energy projects were so attractive that the Alberta government decided to back proposals to build 600 megawatts of new generation, 50 per cent higher than its goal of 400 MW.
The government said Wednesday…
December 13, 2017 Reuters LONDON (Reuters) – Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster the market. Brent crude was up 58 cents at $63.92 a barrel by 1319 GMT. It … Read more
December 12, 2017 Reuters Opponents of TransCanada Corp’s proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line’s “alternative” path through the state and that the project should be considered dead.The Nebraska Public Service Commission issued an approval for the line to pass through the state in … Read more
December 13, 2017 by Lorcan Roche Kelly (Bloomberg) It’s Fed day, Doug Jones wins Alabama, and the U.K. is losing workers. Here are some of the things people in markets are talking about today. Hike day Unless almost every economist surveyed by Bloomberg and practically all U.S. traders have got this one wrong, the Federal … Read more
December 12, 2017 by Laura Blewitt (Bloomberg) The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down. You name it — crude oil, gasoline, diesel, propane and even liquefied natural gas — all were shipped abroad at a record pace. While the surge comes many … Read more
December 13, 2017 by Grant Smith (Bloomberg) OPEC predicted that global oil markets won’t rebalance until late next year after boosting forecasts for supplies from the U.S. and other rivals. The Organization of Petroleum Exporting Countries’ monthly report raised its outlook for non-OPEC supply in 2018 by 300,000 a barrels a day, as its projections … Read more
December 12, 2017 by Kristine Owram (Bloomberg) Canadian stocks closed at a five-week high amid gains in material and consumer shares, while the Western Canada crude differential hit the widest gap in four years. The S&P/TSX Composite Index added 11 points or 0.1 percent to 16,114.03. Materials stocks rose 0.6 percent, propelled by a 2.8 … Read more
Release Date: December 12, 2017 | Next Release Date: January 9, 2018 Forecast Highlights Global liquid fuels North Sea Brent crude oil spot prices averaged $63 per barrel (b) in November, an increase of $5/b from the average in October. EIA forecasts Brent spot prices to average $57/b in 2018, up from an average of $54/b in 2017. … Read more
December 12, 2017 by Robert Tuttle (Bloomberg) Heavy Canadian crude fell to a three-year low against benchmark prices Tuesday as bottlenecks on pipelines and rail networks crimped exports. Canadian crude’s discount to West Texas Intermediate futures has widened more than $15 since August as pipeline companies including Enbridge Inc. rationed space amid high Western Canadian … Read more
December 12, 2017 by Meenal Vamburkar (Bloomberg) TransCanada Corp. is seeking consent from Nebraska regulators to amend its Keystone XL pipeline application in a bid to tackle concerns over the alternative route that was approved. In a hearing with the state’s Public Service Commission on Tuesday, a lawyer for the Calgary-based company said an amended plan would … Read more
CALGARY — Enbridge defended its plan to sell its onshore renewable assets Tuesday on a day that saw major climate change commitments emerge from a conference in Paris.
Speaking at an investor conference in New York, company CEO Al Monaco said the sell…
CALGARY, Dec. 12, 2017 /CNW/ – Cathedral Energy Services Ltd. (TSX:CET) (“Cathedral” or the “Company”) announces that it is entering into a new credit facility with Alberta Treasury Branches as Agent and including Alberta Treasury Branches and Export Development Canada as lenders. Under the new two year facility, expiring December 31, 2019, Cathedral’s credit availability will be $20 million … Read more
CALGARY — Canadian Natural Resources Ltd. is promoting a 27-year veteran of the company to president as part of a management succession plan.
Canada’s largest producer of natural gas and one of its biggest oilsands companies says president Steve Laut …
Submit your Breakout Session Proposal today CAPPA Conference October 23, 2018 @ the Telus Convention Centre Share your knowledge, expertise and best practices with CAPPA members and guests Submit your proposal and be a part of this premier event for Production Accountants and others! We are seeking our industry’s best to advance the current and … Read more
December 12, 2017 Reuters The shutdown of Britain’s largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world’s top importing region.The Forties Pipeline System, which carries about 450,000 barrels per day (bpd) from the … Read more
December 12, 2017 by Jonathan Tirone and Matthias Wabl (Bloomberg) An explosion at a key European natural gas hub in Austria killed at least one person and caused supply disruptions that roiled the continent’s energy markets. At least 21 people were injured and one missing and presumed dead after the blast at Gas Connect Austria’s … Read more
December 12, 2017 by Lorcan Roche Kelly (Bloomberg) U.K. inflation hits highest in more than five years, a cracked pipe pushed Brent crude over $65, and it’s Senate election day in Alabama. Here are some of the things people in markets are talking about today. Inflation Bank of England governor Mark Carney’s job got more difficult … Read more
December 11, 2017 by Natalie Obiko Pearson (Bloomberg) British Columbia is forging ahead with a controversial mega dam in a decision that’s likely to put pressure on the western Canadian province’s finances and prompt a political backlash. With C$4 billion ($3.1 billion) already spent or committed to the Site C hydroelectric plant, Premier John Horgan said … Read more
December 12, 2017 by Grant Smith (Bloomberg) Global benchmark Brent crude jumped above $65 a barrel for the first time in 2 1/2 years after one of the most important pipelines in the world was shut because of a crack. Futures rose as much as 1.8 percent in London, set for the highest close since … Read more
FOR: CANADIAN NATURAL RESOURCES LIMITEDTSX SYMBOL: CNQNYSE SYMBOL: CNQDate issue: December 12, 2017Time in: 5:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 12, 2017) – Canadian Natural Resources
Limited (“Canadian Natural” or the “Company”) …
Dec 11, 2017 by Jennifer A. Dlouhy (Bloomberg) The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would open the door to selling new drilling rights in Atlantic waters, according to people familiar with the plan. President Donald Trump ordered his Interior Department to write the … Read more
FREDERICTON — The New Brunswick government will not impose a new direct tax on consumers when it introduces legislation for carbon pricing on Thursday, according to a government source.
The source tells The Canadian Press that the legislation will inc…
In 2017, Ritchie Bros. sold a total of 37,000+ items for CA$553+ million through its Edmonton site EDMONTON, Dec. 11, 2017 /PRNewswire/ – With its sixth and final Edmonton auction of the year last week, Ritchie Bros. sold 4,500+ equipment items and trucks for CA$66+ million (US$52+ million), bringing the site’s 2017 total to 37,000+ items sold for CA$553+ million … Read more
Canada’s drilling rigs decreased by 3 to the current count of 219 actively drilling rigs according to data collected by Baker Hughes for the week of December 8th. From one week ago, Alberta rig counts decreased from 162 to 160 and the Saskatchewan rig counts decreased 32 to 28. Oil drilling went up by 1 … Read more
Global Petroleum Show prides itself in being the most important energy event in North America attracting more than 50,000 international and domestic oil & gas executives, high-level government officials, National Oil Companies (NOC’s), thought leaders and influencers from more than 110 countries around the world – this year GPS celebrates its 50th anniversary. Over this … Read more
New label material enables brand recognition while providing brand protection MILWAUKEE, Wis. (December 5, 2017) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the release of the new TruLens Spectrum (TLS) Label Material. This new material uses a thin optical lens film combined with high-resolution printing to offer brand owners customized branding … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary An interview is a leader’s version of a sales call. Typically, though leaders get less practise at interviewing than their salespeople do making sales calls, which means they sometimes get “smoked” by their candidate. You’ve … Read more
Dec 11, 2017, 5: by Ben Sharples and Alex Longley (Bloomberg) Oil slipped to around $57 a barrel as U.S. drilling expanded and OPEC nations Kuwait and the United Arab Emirates signaled they can phase out production cuts if the market improves. Futures fell 0.3% in New York after climbing 2.5 percent in the previous two … Read more
December 10, 2017 by Julian Lee (Bloomberg Gadfly) When Saudi Arabia’s oil minister attended Friday’s grand opening of a giant liquefied natural gas plant in northern Siberia, he’d have known this was just part of a bigger energy story developing in Russia’s icy north. It’s not just gas that’s a big deal there. Russia’s Arctic oil flows are soaring … Read more
December 11, 2017 (Bloomberg) U.S. growth to drive Fed hikes from early next year, it’s a huge week for central banks, and Brexit deal already fraying at the edges. Here are some of the things people in markets are talking about today. Hawkish A Bloomberg survey of economists showed expectations for higher inflation next year, with predictions … Read more
Ok you won’t be dancing on the rig, well, maybe sometimes. The strobe light is actually for safety not for disco. On a drilling rig, safety is always paramount. Communication systems must work in the time of an emergency. However, a customer told me something interesting recently. This factory had an emergency system installed a … Read more
GUELPH, Ont. — Shares in Canadian Solar Inc. rose Monday after the company revealed it has received a non-binding takeover offer from its chairman, Shawn (Xiaohua) Qu, who is also CEO and president.
Qu is tentatively offering US$18.47 in cash for each…
FOR: TRICAN WELL SERVICE LTD.TSX SYMBOL: TCWDate issue: December 11, 2017Time in: 8:30 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 11, 2017) – Trican Well Service Ltd.
(TSX:TCW) (“Trican” or the “Company”) is pleased to announce its Capital
P…
A common challenge that project managers face is completing construction projects on time and within budget—especially when building access roads, oil platforms and pads or pipelines in extremely soft soils and in difficult-to-access areas. Construction mats are often used to help address soft ground and remote site issues. Commonly used legacy construction mats are made … Read more
Dynacorp Energy Services and Energes Oilfield Solutions combine to form Enercorp Sand Solutions Dynacorp Energy Services (“Dynacorp”) and Energes Oilfield Solutions, LLC (“Energes”) have come together to form EnerCorp Sand Solutions (“EnerCorp”), a leading provider of sand management products and technologies for the oil and gas industry. EnerCorp designs, manufactures, sells, rents and services patented … Read more
CALGARY — A long-running dispute over a well completion technology that helped usher in the shale oil and gas boom in North America has resulted in a Canadian court decision declaring invalid a patent held by Packers Plus Energy Services Inc.
In the d…
ACM’s 2018 TRAINING PASS IS HERE You are the risk management system that protects your coworkers, your friends and the corporation. Invest in your risk intelligence. Learn More
December 8, 2017 by Jessica Summers (Bloomberg) Crude edged higher as near-record Chinese orders for foreign crude signaled stronger demand in the world’s second-largest economy. Futures climbed 1.2 percent in New York. A rebound in China’s crude imports last month from a one-year low defused some of the pessimism among investors fanned by a U.S. … Read more
December 8, 2017 Reuters TORONTO (Reuters) – Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country’s energy regulator on its Trans Mountain pipeline expansion boosted prospects of the contentious project. Late on Thursday, Canada’s National Energy Board said Kinder … Read more
December 8, 2017 Reuters U.S. energy companies this week added oil rigs for a third week in a row, the longest string of increases since summer, as higher crude prices prompt drillers to return to the well pad after a break in the autumn.Drillers added two oil rigs in the week to Dec. 8, bringing the … Read more
December 8, 2017 by Michael McDonald and Naureen S. Malik (Bloomberg) It seemed at the time like a somewhat random, and amazingly fortuitous, coincidence. Just as the Panama Canal was unveiling a new, fatter set of locks, U.S. shale drillers were readying their very first exports of liquefied natural gas. While the wide-body tankers that … Read more
CALGARY, Dec. 8, 2017 /PRNewswire/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) today responded favourably to details of the Government of Alberta’s determination to permit carbon credits to be earned by existing wind and hydro generation in the Alberta fleet. On December 6, 2017, the Government of Alberta announced its intention to adopt a carbon credit regime that will … Read more
CALGARY, Dec. 8, 2017 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today the successful completion of the public offering of 12,200,000 common shares (“Common Shares”), as well as the sale of an additional 1,830,000 Common Shares pursuant to the over-allotment option exercised by the underwriters in connection with the public offering. The Common Shares were priced at $35.20 per Common … Read more
CALGARY, Dec. 7, 2017 /CNW/ – This news release contains forward looking statements within the meaning of applicable securities law. See the section below called “Cautionary Statements on Forward Looking Information” for full disclosure of such forward looking information and the risks to which they are subject. All currency referred to herein is Canadian dollars. Ensign Energy Services … Read more
December 8, 2017 by Lorcan Roche Kelly (Bloomberg) It’s jobs day, deal reached to progress Brexit talks, and banks win in final Basel III agreement. Here are some of the things people in markets are talking about today. Payrolls At 8:30 a.m. Eastern Time the Bureau of Labor Statistics will publish jobs data for November, with expectations … Read more
December 8, 2017 by Grant Smith (Bloomberg) Oil rose, paring a second weekly loss, as strong Chinese crude imports allayed concerns that U.S. markets may remain oversupplied. Futures climbed 1.4 percent in New York, paring this week’s loss to 1.5 percent. China’s crude oil imports rebounded from a one-year low to near a record amid … Read more
December 8, 2017 by Kevin Orland (Bloomberg) Alberta’s government is giving its energy regulator new authority to scrutinize and reject applications for oil and gas production licenses to try to slow the growth of the province’s inventory of abandoned wells. The Alberta Energy Regulator will now be able to reject license applications from companies or … Read more
CALGARY — The National Energy Board has ruled in favour of Kinder Morgan Canada in its efforts to bypass Burnaby, B.C., bylaws that stand in the way of its Trans Mountain expansion project.
In an order issued Thursday, the NEB said the company is not …
PORTLAND, Ore. — The Trump administration has angered environmental groups and residents of the Columbia River Gorge by rolling back a 2015 rule on oil train safety.
The Obama administration rule change required trains carrying highly explosive liquid…
EDMONTON — A union that represents 3,000 oilsands workers at Suncor Energy sites in northeastern Alberta has won a court injunction against random drug testing.
Unifor Local 707-A had argued that random testing would be a violation of workers’ rights …
FOR: ENBRIDGE INC.NYSE SYMBOL: ENBTSX SYMBOL: ENBAND ENBRIDGE INCOME FUND HOLDINGS INC.TSX SYMBOL: ENFAND ENBRIDGE ENERGY PARTNERS, L.P.NYSE SYMBOL: EEPAND SPECTRA ENERGY PARTNERS, LPNYSE SYMBOL: SEPDate issue: December 07, 2017Time in: 7:29 PM eAtten…
CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide an operations update and 2018 outlook. Highlights include: Balanced 2018 Budget: $140 million capital budget ($70 million in each of Light Oil and Thermal Oil) aligned to $145 million funds flow (US$55 WTI) Production Growth: 2018 production … Read more
SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE:CVX) today announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John Watson. … Read more
CALGARY, Alberta, Dec. 07, 2017 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a 2018 capital budget of $325 to $375 million, which is designed to generate average annual production of 68,000 to 72,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, … Read more
TORONTO — Ontario’s opposition parties are calling on the province’s Independent Electricity System Operator to release the names of power generators that billed millions in ineligible expenses and for it to recoup all of that money.
The IESO said Thu…
December 7, 2017 CALGARY — Large carbon emitters in Alberta are expected to pay upwards of $1.2 billion a year in levies by 2020 under updated regulations announced Wednesday. The government, however, said its plan includes a phase-in period and significant funding assistance to make it easier for industry to adapt to the new regime, … Read more
Dec 7, 2017 by Kevin Orland (Bloomberg) Since crude prices sank below $100 a barrel three years ago, investors in oil stocks have been sending one clear message to companies: Stick to your knitting. Nowhere is this more apparent than in Canada, where the benchmark index’s top-performing, post-crash energy producer — Parex Resources Inc. — … Read more
December 7, 2017 by Lorcan Roche Kelly (Bloomberg) House and Senate Republicans seek tax compromise, May faces Brexit deadline, and world leaders react to Trump’s Jerusalem decision. Here are some of the things people in markets are talking about today. Compromising House and Senate Republicans continue their work on a compromise tax-overhaul plan which they aim to … Read more
December 7, 2017 by Grant Smith (Bloomberg) Oil traded near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more than expected, offsetting a third weekly decline in crude inventories. Futures were little changed in New York after tumbling 2.9 percent Wednesday, the biggest drop since Oct. 6. Gasoline … Read more
December 7, 2017 by Richard Clough (Bloomberg) General Electric Co. plans to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer. The reductions, accounting for about 18 percent of GE Power’s workforce, include both professional and production employees, the company said Thursday in … Read more
(Bloomberg) A least 50 firms tied to blockchain and cryptocurrencies are set to list on Canadian stock exchanges in the next year, thanks in part to a junior market that’s more comfortable with risk than other parts of the world, the head of securities firm GMP Capital Inc. said. “The level of activity in this … Read more
FOR: ENBRIDGE INC.NYSE SYMBOL: ENBTSX SYMBOL: ENBDate issue: December 07, 2017Time in: 9:27 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 7, 2017) – Enbridge Inc. (TSX:ENB)
(NYSE:ENB) closed its previously announced private placement of 33,456,…
At just 9 years old, Oliver Smith heard the words no child should ever hear: “you have cancer.” He and his family were left in complete shock. “When we heard Oliver’s diagnosis we felt a lot of confusion and disbelief,” says his mom Shauna. “It was very difficult for our family because we had recently … Read more
Originally aired on CBC a few months ago, this short message on getting pipelines built in Canada is more important than ever. Please share his message with other Canadians from coast to coast. And if you want to share it with the Mayor of Burnaby (whose city is delaying construction of the federally approved Trans … Read more
Heavy oil production methods are continually changing and improving. Understaning the various recovery processes which can potentially be used, and how they are applied based on reservoir geological specifics is essential to the optimization of production. In response to the developents that have taken place in the last few years, RPS-PEICE will be offering … Read more
EDMONTON — Alberta’s energy regulator wants to keep bad operators out of the oilpatch to reduce the ballooning number of bankrupt companies who have walked away from unprofitable wells.
“We will be requiring more information at the time a person or a …
CALGARY — Alberta has set out its competition-based plan to reduce carbon emissions from the province’s big industries, but it’s raising concerns from some about jobs and costs.
The regulations will give companies credits if their facilities produce l…
December 5, 2017 Reuters CALGARY, Alberta (Reuters) – Kinder Morgan Canada Ltd shares fell as much as 4.7 percent on Tuesday after the company said there could be more delays in the expansion of its C$7.4 billion (US$5.8 billion) Trans Mountain pipeline expansion, raising concerns about cost blowout. Kinder Morgan’s Trans Mountain expansion to Canada’s west … Read more
CALGARY — A moratorium on loans for energy pipeline projects has been lifted, Desjardins Group said Wednesday, as it vowed to consider environmental, social and governance practices of clients in all future lending decisions.
The decision in July to t…
December 6, 20174:00 AM CNW CALGARY, Dec. 6, 2017 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) and Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX: TWM) announced today that the two companies have entered into a Letter of Intent (“LOI”) for Tidewater to construct a 120 Kilometre natural gas pipeline from its Brazeau River … Read more
December 5, 2017 Globe Newswire All financial figures are in Canadian dollars CALGARY, Alberta, Dec. 05, 2017 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today that its Board of Directors has approved a 2018 growth capital expenditure budget in the range of $120 million to $150 million, with in excess of … Read more
December 5, 2017 by Jennifer A. Dlouhy (Bloomberg) As the Trump administration rolls back Obama-era curbs on greenhouse gas emissions, more than two dozen oil companies are uniting in a voluntary effort to pare methane leaks and better position natural gas for a clean-energy future. As part of the new initiative, dubbed “the Environmental Partnership,” … Read more
December 6, 2017 by Ben Sharples (Bloomberg) Oil slid toward $57 a barrel after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks. Futures dropped 0.4 percent in New York after rising 0.3 percent on Tuesday. Motor fuel inventories climbed by 9.2 million barrels last week, the American Petroleum Institute … Read more
December 6, 2017 by Maciej Onoszko (Bloomberg) An unprecedented foray into the Canadian bond market by two small First Nations communities in northern Alberta may provide a template for future business partnerships involving Aboriginals. It took three years to engineer a deal that turned Fort McKay and Mikisew Cree First Nations into owners of a … Read more
December 6, 2017 by Lorcan Roche Kelly (Bloomberg) Congress Republicans worry about spending, May faces Brexit revolt, and risk-off takes hold. Here are some of the things people in markets are talking about today. Balancing the books After weeks negotiating a tax overhaul that will add $1 trillion to the federal deficit over the next decade, … Read more
CALGARY — Alberta is setting aside close to $1.4 billion from climate levies to help industry reduce carbon emissions.
The government said the funding, spread over seven years, will make it easier for industries to invest in new technologies, stay com…
PSAC Applauds Governments and Events Supporting Canada’s Resource Sector CALGARY, AB (November 30, 2017) – The Petroleum Services Association of Canada (PSAC) applauds events held in Vancouver by Resource Works on November 29th and the Vancouver Board of Trade on November 30th raising awareness of Canada’s natural resources industry in terms of its innovation and technology, … Read more
December 5, 2017 by Alex Nussbaum (Bloomberg) Investor exhaustion with poor returns from the oil and gas industry may mean less financing to expand the U.S. shale boom next year, and less of a drive for consolidation. After nearing a record in 2016, equity issues from U.S. oil and gas companies are on pace for … Read more
By Daniel King Co-founder of EnergyNow The concept of Big Data is defined as a growing volume, variety and velocity of data which is quite familiar to the energy industry. Oil and gas organizations have dealt with huge amounts of data for decades in their quest to learn what lies below the surface. Big Data … Read more
CALGARY — Kinder Morgan Canada and Burnaby, B.C., clashed in a National Energy Board’s hearing room Monday over the fate of local permitting for the controversial Trans Mountain expansion project.
The company (TSX:KML) argued at the NEB’s Calgary head…
December 5, 2017 by Lorcan Roche Kelly (Bloomberg) The devil’s in details of the Senate tax bill, Mueller investigation goes after Trump’s bank records, and Brexit is complicated. Here are some of the things people in markets are talking about today. Tax bill hits tech The law of unintended consequences hit tech stocks as the tax … Read more
December 5, 2017 by Grant Smith (Bloomberg) Oil steadied near $57 a barrel as traders weighed OPEC’s production cuts against the prospect of a fresh surge in U.S. supplies. Futures slipped 0.4 percent in New York after dropping 1.5 percent Monday, the most in three weeks. OPEC’s November output slid to a six-month low, led by … Read more
KUWAIT CITY — The United Arab Emirates on Tuesday announced it has formed a new economic and partnership group with Saudi Arabia, separate from the Gulf Cooperation Council — a move that could undermine the council amid a diplomatic crisis with member…
December 4, 2017 CNW Trans Mountain Expansion Project Pursuing a “Primarily Permitting” Spend Strategy CALGARY, Dec. 4, 2017 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) today announced its preliminary 2018 financial projections. “We expect 2018 to be a good year for Kinder Morgan Canada Limited businesses,” said KML Chairman and CEO Steve Kean. “KML’s extensive network of strategic … Read more
CALGARY — Suncor Energy (TSX:SU) says it has started the regulatory process on replacing aging boilers at its oilsands Base Plant with two cogeneration units to lower costs and carbon output.
The company says the cogeneration units, which allows indus…
CALGARY — Kinder Morgan Canada (TSX:KML) says it is still not in a position to start significant construction on the Trans Mountain expansion project and expects spending on the project for at least part of next year to focus mostly on permitting.
In …
REGINA — The Saskatchewan government has introduced a climate-change strategy that inches toward a price on carbon emissions, but leaves large parts of its economy untouched.
And it doesn’t include a carbon tax, which Environment Minister Dustin Dunca…
FOR: SUNCOR ENERGY INC.TSX SYMBOL: SUNYSE SYMBOL: SUDate issue: December 04, 2017Time in: 6:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 4, 2017) – Suncor today took its first
steps in the regulatory process to replace coke-fired boilers wi…
December 4, 2017 by Serene Cheong, Sharon Cho and Dan Murtaugh (Bloomberg) Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. Executives from three of the biggest independent U.S. drillers say they won’t increase activity just because prices rise after the Organization of Petroleum Exporting Countries and … Read more
CALGARY — Husky Energy Inc. (TSX:HSE) is planning to increase its capital spending in 2018 to between $2.9 billion and $3.1 billion.
That includes up to $1.1 billion on growth projects and up to $2 billion on sustaining and corporate spending.
The 20…
November 30, 2017 Houston, Texas and Calgary, Alberta Evolution Engineering Inc. (“Evolution” or “the Company”) today announced the election of its Board of Directors and the appointment of a new Board Chair which marks the culmination of a series of transactions which facilitated EV Private Equity’s investment in Evolution. This investment will be used to … Read more
This News Release shall not constitute an offer of the Common Shares or Subscription Receipts in the United States. The Common Shares and the Subscription Receipts may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. Whitecap has not registered and will … Read more
December 4, 2017 (Bloomberg) OPEC and its allies outside the group will maintain their cuts in oil output until global production meets demand, Saudi Arabia’s Energy Minister Khalid Al-Falih said. The Organization of Petroleum Exporting Countries and its partners agreed last week to extend the cuts until the end of 2018, a strategy that has … Read more
December 4, 2017 by Grant Smith (Bloomberg) Oil dropped below $58 a barrel as investors weighed an increase in U.S. drilling rigs against OPEC’s promise to extend output cuts through the end of next year. Futures fell as much as 1.3 percent in New York after adding 1.7 percent Friday. OPEC and its allies including … Read more
December 4, 2017, by Lorcan Roche Kelly (Bloomberg) The House and Senate start work on joining their tax plans, another risk to Brexit talks and giant health-care merger faces antitrust worry. Here are some of the things people in markets are talking about today. Compromise time After the Senate tax bill was passed in a 51-49 vote … Read more
Canada’s drilling rigs increased by 7 to the current count of 222 actively drilling rigs according to data collected by Baker Hughes for the week of December 1st. From one week ago, Alberta rig counts increased from 153 to 162, the Saskatchewan rig count remained at 32. Oil drilling went up by 14 to 111 and … Read more
With pressures of profitability looming over project construction teams, asset intensive facilities are often handed over to owners and operators without a robust maintenance plan. Frequently, the Original Equipment Manufacturers’ (OEM) suggested maintenance activities are provided for integration with the Enterprise Asset Management (EAM) software or Computerized Maintenance Management System (CMMS) without any customization or … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary One of David Sandler’s rules is, “if you want to be treated differently by your prospects you must act and sound different than the other salespeople they meet.” You can do that from your first interaction with your prospect by … Read more
Take the 4 1/2-day course to become certified under TÜV (Rheinland) as TÜV practitioner or TÜV F.S. ENG TÜV (Rheinland) certified Register Today Why are IEC standards important for individuals, maintenance, engineers and operations leaders? ✔ Enables you to support plants using I & C and SIS systems to reduce your risk. ✔ Provides a foundational layer … Read more
Seats are still available to register for the one-day Fundamentals of Natural Gas Marketing, Western Canadian Sedimentary Basin Perspective scheduled on Wednesday, December 6th in Calgary. The course will include an overview of natural gas marketing from wellhead to burner tip – discussing natural gas fundamentals, the role of regulation, transportation, pricing and price risk … Read more
Award winning Cap-Op Energy provides tools to reduce emissions and costs – Gridstone When the Alberta Government introduced a new carbon offset protocol aimed at providing an incentive to reduce methane venting from pneumatic equipment earlier this year, Cap-Op Energy was poised to take advantage of the new rules. Headquartered in Calgary, Cap-Op is an … Read more
FOR: ENBRIDGE INC.TSX SYMBOL: ENBNYSE SYMBOL: ENBDate issue: December 04, 2017Time in: 8:51 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 4, 2017) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Enbridge Inc. (…
FOR: ALTAGAS LTD.TSX SYMBOL: ALAAND WGL HOLDINGS, INC.NYSE SYMBOL: WGLDate issue: December 04, 2017Time in: 7:30 AM eAttention:
BALTIMORE, MARYLAND–(Marketwired – Dec. 4, 2017) – AltaGas Ltd. (AltaGas)
(TSX:ALA) and WGL Holdings, Inc. (NYSE:WGL) (WGL…
FOR: PRECISION DRILLING CORPORATIONTSX SYMBOL: PDNYSE SYMBOL: PDSDate issue: December 04, 2017Time in: 6:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Dec. 4, 2017) –
This news release contains “forward-looking information and statements” within
…
CALGARY, Nov. 30, 2017 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced that it has entered into 10-year gas handling agreements with Athabasca Oil Corporation (“AOC”) and Murphy Oil Company Ltd. (“Murphy”) to process natural gas production from their Montney and Duvernay operations west of Fox Creek, Alberta. Both gas handling agreements include take-or-pay commitments … Read more
All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Dec. 1, 2017 /CNW/ – MEG Energy Corp. (TSX:MEG) announced today its 2018 capital investment plan and operational guidance. Highlights include: A 2018 capital budget of $510 million, 24% of which is directed towards the completion of the Phase 2B eMSAGP growth project, 20% towards … Read more
December 1, 2017 Reuters The Organization of the Petroleum Exporting Countries and its allies are taking a multi-layered bet that global oil dynamics will work in their favour by extending their crude oil production cuts until the end of 2018. The group met market expectations by extending the combined 1.8 million barrels per day (bpd) … Read more
U.S. energy companies this week added oil rigs for a second week in a row as crude prices traded near their highest levels since the summer of 2015 as major oil producing countries extended a global deal to limit supply. Drillers added two oil rigs in the week to Dec. 1, bringing the total count … Read more
Saskatchewan and three U.S. states have signed a memorandum of understanding on carbon capture and storage.
The three-year agreement, signed at the Western Governors’ Association meeting in Arizona, says Montana, Wyoming, North Dakota and Saskatchewan…
EDMONTON — Alberta Finance Minister Joe Ceci says he is not considering introducing a sales tax to help cure the province’s financial woes because Albertans don’t support it.
Ceci says the idea of a sales tax came up today when he had a roundtable mee…
November 30, 2017 by The Canadian Press EmailFacebookTwitterLinkedIn VANCOUVER — British Columbia says the federal government needs to back off and stop interfering in an independent review process over the approval of Kinder Morgan’s Trans Mountain pipeline. Environment Minister George Heyman said he is “very disturbed” that the federal government supports the creation of a standing panel to … Read more
Dec 1, 2017 by Rakteem Katakey and Ben Sharples (Bloomberg) Oil extended gains following a third monthly advance after OPEC and Russia agreed to prolong production cuts through to the end of 2018 in their fight against a global supply glut. Futures added 0.8 percent in New York after rising 0.2 percent Thursday. The nine-month … Read more
December 1, 2017 by Liam Denning (Bloomberg Gadfly) Showers, particularly older ones, can be tricky. First, you get hit with a freezing blast, so you turn up the hot water. Nothing happens. You turn it higher, and it warms up — and then keeps warming up. Until it’s scalding. Frantically, you turn up the cold … Read more
November 30, 2017 by Kevin Orland (Bloomberg) Enbridge Inc., North America’s largest pipeline operator, posted its biggest stock surge in almost two years after a share sale and lowered dividend-growth forecast eased concerns about its ability to finance new projects. The stock advanced as much as 8.3 percent to C$49.80 on Thursday in Toronto, the largest … Read more
December 1, 2017 by Lorcan Roche Kelly (Bloomberg) Senate Republicans seek to salvage tax bill, Brexit breakthrough hangs in the balance, and European manufacturing is booming. Here are some of the things people in markets are talking about today. Taxing negotiations Senate Majority Leader Mitch McConnell postponed until later this morning a series of votes on the Republican … Read more
December 1, 2017 by Javier Blas and Jack Farchy (Bloomberg) On the surface, Thursday’s OPEC meeting was a no-drama success. The group of oil nations agreed to extend year-old production cuts through the end of 2018 to help boost prices, no small achievement. Yet as smooth as the gathering seemed to go, the deal actually … Read more
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COMMENTARY: Activists Suddenly Care About LNG Investors