March 30, 2018 by Alex Longley (Bloomberg) The prospect of flaring geopolitical tensions and falling U.S. oil stockpiles are helping lift crude again, after a five-month winning streak was broken in February. Futures in New York are up 5 percent in March, recouping last month’s losses. U.S. President Donald Trump picking two Iran hawks for … Read more
LETHBRIDGE, Alta. — Alberta Premier Rachel Notley says Canada will continue to have trouble moving grain across the country unless more oil pipelines are built.
Notley says moving oil by rail means there are fewer trains to ship grain for export.
Grai…
March 30, 2018, by Kevin Crowley (Bloomberg) An upbeat shale patch, much to OPEC’s dismay, is hiring and ready to drill for more oil as producers are comfortably making a profit. But you have to be big if you’re competing in America’s prime spots. The vast majority of explorers surveyed for a Federal Reserve Bank … Read more
WASHINGTON — President Donald Trump has just regaled another audience with a tall tale involving Canada, this one about a conversation involving the Keystone XL pipeline he insists never happened.
Spoiler alert: it did happen, in his office, with came…
CALGARY — Oilsands producer Connacher Oil and Gas Ltd. has won court approval for a process to find a buyer or investor that could allow it to emerge from Companies’ Creditors Arrangement Act protection after nearly two years.
A court ruling Wednesday…
CALGARY — Court proceedings against Husky Energy Ltd. related to a pipeline leak into the North Saskatchewan River have been adjourned until June 21 after a brief appearance in Lloydminster, Sask., provincial court.
The Calgary-based oil and gas produ…
March 29, 2018 CNW CALGARY, March 29, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its audited consolidated financial statements, Management’s Discussion and Analysis (“MD&A”) and Annual Information Form for the year ended December 31, 2017. RECENT HIGHLIGHTS Financial Earnings Highlights Tidewater delivered its tenth consecutive quarter … Read more
March 29, 2018 Globe Newswire CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX:TEI) announces that it will seek the approval of holders (the “Debentureholders”) of its 6.75% convertible unsecured subordinated debentures due June 30, 2018 (the “Debentures”) to approve certain amendments to the trust indenture between the Corporation and … Read more
MONTREAL — Canada’s two largest railways are hoping the spring thaw will help them recover from a winter of delays and complaints brought about by the combination of brutally cold conditions and unexpectedly high demand — and defrost the resulting icy…
Oh, and yes, the Company is looking aggressively for accretive acquisitions. About 60 years ago, the industrial equipment rental business was born. Growth was slow, but as infrastructure projects grew and costs rose, renting made economic sense and the sector has been on a decent growth path ever since. With the US infrastructure mess rattling … Read more
March 28, 2018 CNW CALGARY, March 28, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. (“Alliance”), of which it owns a 50 percent interest, has commenced a binding open season (“Open Season”) for expansion capacity commitments. Alliance today announced a binding Open Season for expansion capacity commitments. The … Read more
March 28, 2018 Marketwired HALIFAX, NOVA SCOTIA–(Marketwired – March 28, 2018) – Corridor Resources Inc. (“Corridor” or the “Company”) (TSX:CDH) announced today its 2017 year-end financial results. Corridor’s annual financial statements, annual management’s discussion and analysis and Annual Information Form for the year ended December 31, 2017 have been filed on SEDAR at www.sedar.com and are available on Corridor’s … Read more
Calgary, Alberta, March 28, 2018 (GLOBE NEWSWIRE) — BlackPearl Resources Inc. (“we”, “our”, “us”, “BlackPearl” or the “Company”) (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce the mailing to BlackPearl shareholders of record as at March 15, 2018 of a management information circular and related meeting materials in connection with the annual and special meeting of … Read more
March 28, 2018 21:37 ET | Source: Prairie Provident Resources Inc. CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX:PPR) is pleased to announce its operating and financial results for the three months and year ended December 31, 2017, and to provide an operational update. PPR’s audited consolidated financial … Read more
March 29, 2018, by Lorcan Roche Kelly (Bloomberg) Calm, so far The last day of trading of the quarter for most Western stocks has gotten off to a relatively quiet start. While yesterday’s U.S. session was once again dominated by tech, there has been no repeat of the global equity weakness of recent sessions. Overnight, … Read more
March 28, 2018, by Ryan Collins and Naureen S. Malik (Bloomberg) America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus … Read more
March 29, 2018, by Apeksha Nair (Reuters) – Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the multilateral agreement and rising U.S. production could stem the upward momentum, a Reuters poll showed on Thursday. A survey … Read more
March 28, 2018, by Jacqueline Thorpe (Bloomberg) Ontario expects to generate C$2 billion ($1.56 billion) from auctions of carbon allowances in 2018-19 which it will put toward everything from tree planting to high-speed rail. Canada’s most populous province netted C$2.4 billion from five auctions of emission allowances through fiscal 2017-18 after launching the program in 2016, … Read more
REGINA — Saskatchewan Premier Scott Moe says his government was taken by surprise by federal legislation that calls for imposing a carbon tax on the province.
Moe says the federal Liberals didn’t give Saskatchewan any notice of the bill that was intro…
March 27, 2018 CNW CALGARY, March 27, 2018 /CNW/ – Cona Resources Ltd. (“Cona” or the “Company“) (TSX: CONA) announced today that, further to its March 7, 2018 news release, it has entered into an arrangement agreement (the “Arrangement Agreement“) with certain affiliates of Waterous Energy Fund (collectively, “WEF“) whereby WEF would acquire all of the common shares of Cona (“Common … Read more
FORT MCKAY, Alta. — The tiny northern Alberta community of Fort McKay is planning on getting a lot bigger after buying $1.6 million in land from the Alberta government.
The Metis community, on the Athabasca River just north of Fort McMurray, is home t…
CALGARY — One of the two Calgary-based pipeline companies that own Alliance Pipeline Ltd. says there will be an unspecified number of job cuts as the partners move to end its standalone management structure.
Alliance says 50-50 partners Enbridge Incom…
CALGARY — Alberta Premier Rachel Notley says a decision by the City of Burnaby, B.C., to take its fight over the Trans Mountain oil pipeline expansion to the Supreme Court is showboating.
Notley said the city doesn’t have any hope of stopping the pipe…
Regulatory demands have made the maintenance and calibration of process control instrumentation harder and harder. As the requirements of traceability have increased it has put more burden on those who manage these systems to keep track of more information on both the reference device, device under test, serial numbers and other data. This greater scrutiny … Read more
March 27, 2018, by John Kemp LONDON, March 27 (Reuters) – Hedge funds had turned more bullish on the outlook for petroleum prices, even before the decision to replace the U.S. president’s national security adviser with an anti-Iran hawk was announced on Thursday. Hedge funds and other money managers increased their net long position in … Read more
March 28, 2018, by Ahmed Rasheed BAGHDAD (Reuters) – OPEC is seeking “very long-term” cooperation with other crude exporters, the secretary general of the oil exporting group said on Wednesday. Mohammad Barkindo was commenting on news that top OPEC producer Saudi Arabia and non-OPEC Russia were working on a long-term pact that could extend controls … Read more
March 28, 2018, by Chris Bryant (Bloomberg Gadfly) Climate change will have some very unpleasant consequences, unless we cut our dependence on fossil power. Generating electricity from the wind is clean and increasingly cheap. So it’s ascent looks assured, whatever ornithologists and President Donald Trump might think. Why then have shares in Germany’s Nordex SE, the sixth-biggest … Read more
March 28, 2018, by Alex Longley Oil headed for its longest losing streak in almost a month on signs a global glut may persist. Futures in New York fell as much as 1.3 percent after dropping about 1 percent over the previous two sessions. An industry report was said to show a 5.32 million-barrel gain … Read more
March 28, 2018, by Lorcan Roche Kelly (Bloomberg) Markets fall The stock selloff that began during the second half of yesterday’s U.S. market session has spread across the world. Tech stocks led the drops, with Nvidia Corp. and Facebook Inc. among the hardest hit. Overnight, the MSCI Asia Pacific Index fell 1.3 percent while Japan’s Topix index … Read more
New documents obtained by the Canadian Taxpayers Federation show the federal government requires Canadian oil to meet a higher environmental standard than oil that is imported into Canada.How absurd is that? By putting up a big roadblock in front of Canadian oil companies, the federal government has lost out on billions of tax dollars, killed thousands … Read more
March 27, 2018 | Source: Atco Ltd 2017 ATCO EPIC Campaign The People of ATCO Pledge $3.4 Million for Charity Atco Ltd CALGARY, Alberta, March 27, 2018 (GLOBE NEWSWIRE) — ATCO and its people have pledged more than $3.4 million for hundreds of community charities through the annual ATCO EPIC (Employees Participating in Communities) campaign, taking the … Read more
BURNABY, B.C. — The City of Burnaby is turning to Canada’s highest court in the dispute over construction of Kinder Morgan’s Trans Mountain pipeline.
Mayor Derek Corrigan said Tuesday the city plans to ask the Supreme Court of Canada to consider a low…
March 27, 2018 Reuters Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbor.However, their need for long-term contracts and the pressure to move a surplus of grains in the country is making it hard … Read more
March 27, 2018 by Alex Nussbaum (Bloomberg) More than a year after exiting bankruptcy, SandRidge Energy Inc. is stuck in stock-market purgatory. The oil and gas explorer has seen its stock sink 37 percent since October 2016, despite a restructuring that wiped out $4 billion in debt. Activist investor Carl Icahn is threatening a proxy … Read more
March 26, 2018 – St. Albert, Alberta – Enterprise Group, Inc. (the “Company” or “Enterprise”) [TSX:E], a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announcing today that it has closed the previously reported sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering (“CTHA”), to … Read more
March 27, 2018 by Alex Longley (Bloomberg) Oil traded above $66 a barrel as global trade tensions showed signs of easing, countering concerns that U.S. crude stockpiles may have resumed their expansion last week. Futures in New York rose 1.1 percent, remaining near the year’s highest close set in January at $66.14. A resurgence in … Read more
March 27, 2018 by Lorcan Roche Kelly (Bloomberg) Trade war fears fade, markets rally, and there’s a raft of corporate news this morning. Here are some of the things people in markets are talking about today. Jaw jaw, not war war Talks between Treasury Secretary Steven Mnuchin and his Chinese counterpart on formulating a deal to resolve trade … Read more
ST. JOHN’S, N.L. — Newfoundland and Labrador will bring down its latest budget today.
Dwight Ball’s Liberal government will unveil a financial plan that’s expected to include details on how the province intends to address carbon taxes and federal gove…
March 26, 2018 by Robert Tuttle (Bloomberg) Stranded Canadian crude is waiting for trains to take it to U.S. refineries. A rail terminal near Edmonton that oil-sands producer Cenovus Energy Inc. bought for C$75 million ($58 million) sits underutilized just when it’s most needed. The Bruderheim crude-by-rail facility is operating below its potential because of … Read more
March 26, 2018 The Canadian Press ST. ALBERT, Alta. – Alberta Premier Rachel Notley is calling a recent court decision on the Trans Mountain pipeline expansion project a definitive victory. The Federal Court of Appeal on Friday dismissed the B.C. government’s bid to challenge a National Energy Board ruling that allows Kinder Morgan Canada to bypass … Read more
March 26, 2018| Source: Toscana Energy Income Corporation CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX:TEI) announces that it has entered into an agreement with Toscana Energy Corporation (“TEC”), a member of the Sprott Group of Companies, to terminate the management agreement (the “Management Agreement”) pursuant to which Toscana engaged … Read more
March 26, 2018 | Source: Blackbird Energy Inc CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird” or the “Company”) is pleased to announce record financial and operational results for the quarter ended January 31, 2018. Blackbird’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the quarter ended January … Read more
MEXICO CITY — Mexico’s state-owned oil company has signed what appears to be one of its first big gas fracking contracts with a subsidiary of Texas-based Lewis Energy.
The Petroleos Mexicanos company said Monday it would drill and exploit non-conventi…
CALGARY — A Saskatchewan mayor whose city’s water supply was interrupted for several weeks following a Husky Energy Inc. oil pipeline leak in July 2016 says he hopes environmental charges announced Monday act as a deterrent for other pipeline firms.
P…
Temporary signs have their purpose all year round, but we definitely see a spike in orders come winter! One extremely Canadian reason is that as the temperature drops and snow and ice begin to accumulate, it’s time to put traffic signs on ice roads! Another common reason is to make sure all signs are compliant … Read more
March 26, 2018 CNW CALGARY, March 26, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) reports today that Pulse has initiated Phase 1 of the Bigoray Nisku Pinnacle Reef Enhanced Oil Recovery (“EOR”) project in the Bigoray area of Alberta (“Bigoray”). As previously announced on January 9, 2018, and as summarized below, Sproule Associates Limited (“Sproule”), an independent … Read more
March 26, 2018 by Alex Longley (Bloomberg) Brent held near $70 a barrel after Saudi Arabia intercepted multiple ballistic missiles fired by Houthi forces in Yemen. Futures in London were little changed, after earlier rising as much as 0.9 percent on speculation a worsening of the situation with Yemen will lead to supply disruptions in … Read more
March 26, 2018 by Lorcan Roche Kelly (Bloomberg) Trade war tensions may ease, China oil futures start trading, and Facebook remains under pressure. Here are some of the things people in markets are talking about today. Deal hopes Treasury Secretary Steven Mnuchin said he is optimistic that a deal can be reached with China which would avert … Read more
March 25, 2018 by Angelina Rascouet (Bloomberg) Being a top female earner for a major integrated oil company is a rarity, but among the smaller explorers and producers it’s even more of an anomaly. Only 5 percent of people in the top pay quartile at the U.K. operations of Premier Oil Plc were women, according … Read more
JUNEAU, Alaska — The joke has always been that Alaska is so wealthy it pays its residents to live here. But those yearly checks have gotten smaller, and could undergo a massive change, as Alaska struggles to pay state troopers and fix roads amid years…
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary “Your value as a salesperson, and ultimately the amount of your compensation is based on the amount of information you gather instead of the amount of information you dispense,” goes the Sandler Rule that our clients hear early … Read more
Reliability Above All Being able to adapt to changing drilling conditions is critical in today’s market. This means measurement while drilling (MWD) tools must be able to accommodate adjustments of drilling parameters to maintain efficiency or react to unplanned changes to fluid or flow rates. With the time to drill a well decreasing every day, … Read more
Traffic is something most people try to avoid, but when it comes to your website, the more traffic you have, the better. Website traffic is a signpost. It’s a barometer for how effective your marketing efforts are, and beyond that, it gives you the ability to gather valuable information on your target market that can … Read more
The SPE/CHOA Slugging it Out Conference is only 3 weeks away – Register today! This year’s Slugging it Out, themed ‘Cruder Things’, is an industry favorite you don’t want to miss. The annual one-day conference, organized jointly by SPE and CHOA, is in its 26th year of providing project updates, new technology and innovative solutions … Read more
Does your safety team need to develop a basic understanding of PHA processes? Would knowing the HAZOP methodology/roles and responsibilities help create an educated team of PHA participants? HERE IS WHAT SOME OF OUR PAST ATTENDEES HAVE SAID ABOUT THIS COURSE: “The instructor was very interactive, encouraged discussion and welcomed feedback.” Process Engineer “Very helpful … Read more
CALGARY — Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks — but slumping stock prices show that the oil and gas sector remai…
BURNABY, B.C. — Dozens of Indigenous youth and other demonstrators gathered at Kinder Morgan’s Burnaby Terminal on Saturday, in the latest in a string of protests this past week against the expansion of the Trans Mountain pipeline.
Protect the Inlet s…
March 23, 2018 CNW CALGARY, March 23, 2018 /CNW/ – Canbriam Energy (Canbriam) announced today that it has successfully closed the previously announced transaction with Suncor Energy Inc. (Suncor) to exchange all of Suncor’s northeast British Columbia mineral land holdings and consideration of $52 million for a 37 percent equity interest in Canbriam. “We are pleased to close this acquisition and look … Read more
CALGARY — B.C. government tax incentives aimed at jump-starting the much-delayed West Coast LNG industry are being welcomed by Western Canada’s hard-hit natural gas industry as a potential path to higher prices and better markets for their products.
T…
Canada’s drilling rigs went down by 58 to the current count of 161 actively drilling rigs according to data collected by Baker Hughes for the week of March 23rd. From one week ago, Alberta rig counts decreased by 29 to 128 and the Saskatchewan rig count decreased by 21 to 14. Oil drilling went down … Read more
CALGARY — Alberta Premier Rachel Notley says if British Columbia wants to keep gasoline prices low it should stop opposing the Kinder Morgan oil pipeline expansion.
B.C. Premier John Horgan said Thursday he would like to see the federal government ste…
NEW YORK (Reuters) – Crude prices rose on Friday, with WTI up 4.4 percent after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concerns grew over the future of Iranian crude exports. U.S. West Texas Intermediate (WTI) crude futures were at $65.34 a … Read more
March 23, 2018 Reuters (Reuters) – U.S. energy companies added oil rigs for a second week in a row as crude prices hover near three year highs, prompting drillers to boost spending plans for this year. Drillers added four oil rigs in the week to March 23, bringing the total count to 804, the highest level … Read more
BURNABY, B.C. — Green Party Leader Elizabeth May and a New Democrat MP were arrested Friday at a protest against Kinder Morgan’s expansion of the Trans Mountain pipeline in British Columbia.
May and New Democrat MP Kennedy Stewart acknowledged they ri…
March 22, 2018 by Josh Wingrove (Bloomberg) Canadian Prime Minister Justin Trudeau says a lack of demand to ship oil on Keyxtone XL contributed to TransCanada Corp.’s decision to abandon another major crude pipeline. “The Energy East pipeline was a market decision made by a company that was having trouble filling the Keystone XL pipeline … Read more
March 22, 2018 by Michael Bellusci (Bloomberg) Things are looking up for Canada’s natural gas market. Analysts are turning more positive given crushed equity valuations, though an uphill battle remains. “Robust winter demand and record exports pulled off a huge win and materially improved the situation,” a Tudor Pickering Holt & Co. analyst said following … Read more
March 23, 2018 by Cecile Gutscher (Bloomberg) All-out trade war edges closer, markets are put on notice and government shutdown is averted. Here are some of the things people in markets are talking about today. China retaliates Hours after President Donald Trump ordered tariffs on $50 billion of Chinese imports as recompense for alleged intellectual property abuses, … Read more
March 23, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil advanced on concerns that the U.S. president’s choice of a noted hawk as his new security adviser could inflame political tensions in oil-producing regions. President Donald Trump’s plans to appoint hardliner John Bolton as White House national security adviser raises the likelihood the U.S. … Read more
March 22, 2018 by Kevin Orland (Bloomberg) Alberta is looking beyond its oil industry as it works to end years of red ink. Still, a recovery to balanced budgets is a long ways off. Canada’s top oil-producing province on Thursday projected a narrower budget deficit next year, despite declining revenue from non-renewable resources. While it … Read more
March 23, 2018 by Theophilos Argitis (Bloomberg) Canadian inflation picked up more than analysts expected in February to the fastest pace in more than three years as signs point to price pressures continuing to build. Consumer prices accelerated to an annual pace of 2.2 percent in February from 1.7 percent a month earlier, the fastest pace … Read more
March 22, 2018 CNW CALGARY, March 22, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $700 million of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the “Series 10 Notes”) having … Read more
March 22, 2018 | Source: Altura Energy Inc. CALGARY, Alberta, March 22, 2018 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura”, or the “Corporation”) (TSXV:ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017, and an operational update. The audited consolidated financial statements, and related management’s discussion and analysis (“MD&A”) … Read more
March 23, 2018 | Source: TransCanada Corporation CALGARY, Alberta, March 23, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has filed an application with the National Energy Board for approval of a negotiated settlement with its customers and other interested parties on … Read more
CALGARY — Proceeds from the Calgary Stampede chuckwagon canvas auction are on the rise, suggesting that economic optimism in the oil and gas sector is also picking up steam as crude prices stabilize above US$60 per barrel.
A total of $3.2 million was …
EDMONTON — Alberta’s NDP government tabled its 2018-19 budget Thursday. Here are some of the highlights:
— Total revenue of $47.9 billion against spending of $56.2 billion. Deficit of $8.8 billion after a $500-million cushion against low energy prices…
March 22, 2018 by Natalie Obiko Pearson and Kevin Orland (Bloomberg) U.S. President Donald Trump may be helping to revive Canada’s dream of a liquefied natural gas export industry to supply growing markets in Asia. The tariffs Trump formally ordered against $50 billion in Chinese goods threaten to raise construction costs for LNG projects in … Read more
VICTORIA — British Columbia is offering new conditions and tax incentives for liquefied natural gas projects in the province in a move to attract investment that could put the province’s minority NDP government at risk of losing the Green party’s supp…
HOUSTON — A toxic onslaught from the nation’s petrochemical hub was largely overshadowed by the record-shattering deluge of Hurricane Harvey as residents and first responders struggled to save lives and property.
More than a half-year after floodwater…
March 22, 2018 CNW CALGARY, March 22, 2018 /CNW/ – Wolf Midstream Inc. (Wolf) announced today that it has closed the acquisition of the previously announced agreement to acquire MEG Energy Corp.’s (MEG) 50% ownership interest in Access Pipeline (Access) and 100% ownership in the Stonefell Terminal for $1.52 billion plus capital commitments of approximately $90 million. With this acquisition, Wolf … Read more
CALGARY — New technologies employing brute force as well as artificial volcanic action are being developed to better seal thousands of inactive oil and gas wells in Canada that are leaking methane, a greenhouse gas with an outsized impact on global wa…
March 22, 2018 CNW CALGARY, March 22, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) is pleased to announce that it has successfully closed its previously announced sale of the Company’s 50% interest in Access Pipeline and 100% interest in Stonefell Terminal for cash and other consideration of $1.61 billion. MEG Energy Corp. is focused on sustainable in … Read more
March 22, 2018 CNW TSX-Venture Exchange: RRL – CALGARY, March 22, 2018 /CNW/ – Relentless Resources Ltd. (“Relentless” or the “Company“) is pleased to announce: (i) that it has closed the previously announced non-brokered private placement of 122,222,222 units of the Company (“Units“), for aggregate gross proceeds of $8,250,000(the “Private Placement“); and (ii) the appointment of Mr. Stanley J. Swiatek to the board of … Read more
March 22, 2018 Reuters The LNG Canada liquefied natural gas project is on track for a final investment decision (FID) later this year, an official for the province of British Columbia said on Thursday.The British Columbia-based project led by Anglo-Dutch Royal Dutch Shell in partnership with PetroChina ,South Korea’s KOGAS and Japan’s Mitsubishi Corp has an … Read more
March 22, 2018 by Cecile Gutscher (Bloomberg) Trump hits China on trade directly, Powell keeps market guessing, and Facebook hasn’t silenced critics. Here are some of the things people in markets are talking about today. Battle cry President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations targeting more than 100 different … Read more
March 22, 2018 by Jeremy Hodges (Bloomberg) Electric cars may be cheaper than their petroleum counterparts by 2025 if the cost of lithium-ion batteries continues to fall. Some models will cost the same as combustion engines as soon as 2024 and become cheaper the following year, according to a report by Bloomberg New Energy Finance. … Read more
March 22, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil traded near $65 a barrel after U.S. crude inventories unexpectedly fell, dropping below their five-year average for the first time since 2014. Futures in New York lost 0.6 percent after jumping to a six-week high on Wednesday. American crude stockpiles fell last week by … Read more
March 22, 2018 | Source: Bengal Energy Ltd CALGARY, Alberta, March 22, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces that it has successfully negotiated an amendment (the “Amendment”) to its secured credit facility (the “Credit Facility”) with the Australian based Westpac Institutional Bank (“Westpac”), which includes a deferment of principal payments on the … Read more
Company responds to pipeline constraints March 22, 2018 06:00 ET | Source: Cenovus Energy Inc. CALGARY, Alberta, March 22, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has been operating its oil sands facilities at reduced production rates and is storing excess barrels in its reservoirs in response to wider than normal light-heavy price differentials and recent pipeline … Read more
CALGARY — Cenovus Energy Inc. says it has been running its oilsands operations at reduced production rates and storing excess barrels due to wider-than-normal light-heavy oil price differentials and pipeline capacity constraints.
The company says it h…
EDMONTON — Alberta is to table its 2018 budget today, and Premier Rachel Notley’s government says it will reflect a commitment to continued spending and getting the books balanced.
The province has been running multibillion-dollar budget shortfalls in…
March 21, 2018 Reuters NEW YORK (Reuters) – Oil hit a six-week high on Wednesday after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply. Data released by the U.S. Energy Information Administration (EIA) on Wednesday morning showed a surprise 2.6 million barrel draw in crude inventories. Analysts … Read more
March 21, 2018 Reuters (Reuters) – Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration’s efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million … Read more
March 21, 2018 CNW (TSX: AAV, NYSE: AAV) CALGARY, March 21, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage“) is commencing an odd-lot share repurchase program (the “Odd Lot Program“) pursuant to which it will offer to buy back common shares from registered and beneficial shareholders of Advantage who own 99 or fewer common shares (“Odd Lot Holders“). The … Read more
March 21, 2018 Source: InPlay Oil Corp. CALGARY, Alberta, March 21, 2018 (GLOBE NEWSWIRE) InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2017, and the results of its independent oil and gas reserves evaluation effective December 31, 2017 (the … Read more
CALGARY — An oilsands research alliance says it is entering its sixth year focused on finding new ways to reduce the sector’s need for steam, the generation of which leads to almost 80 per cent of its greenhouse gas emissions.
Dan Wicklum, CEO of Cana…
CALGARY — Imperial Oil Ltd. shareholders are seeking to force the company to be more transparent about its water-related risks from pollution and climate change, as well as its lobbying activities and expenditures.
A motion sponsored by Fonds de Solid…
March 20, 2018 by Cristiane Lucchesi, Felipe Marques and Scott Deveau (Bloomberg) Bank of America Corp, Itau Unibanco Holding SA and Banco Bradesco SA are arranging financing for a consortium led by Macquarie Group Ltd. so it can bid for Petroleo Brasileiro SA’s natural gas pipeline network in northeastern Brazil, said three people with knowledge … Read more
March 21, 2018 by Anders Melin and Dana Hull (Bloomberg) Is Elon Musk worth a $2.6 billion compensation package? Tesla Inc.’s shareholders will answer that question Wednesday, as the board seeks their approval to give Chief Executive Officer Musk an unprecedented 10-figure award of stock options. The package—arguably the largest-ever of its kind—underscores the company’s … Read more
SAN FRANCISCO — A federal judge presiding over lawsuits that accuse big oil companies of lying about global warming to protect their profits is turning his courtroom into a classroom in what could be the first hearing to study the science of climate c…
March 20, 2018 by Jessica Summers (Bloomberg) Crude advanced after an industry report was said to show U.S. crude inventories unexpectedly declined last week. Futures in New York climbed from the settlement Tuesday after the American Petroleum Institute was said to have reported U.S. crude inventories tumbled 2.74 million barrels last week. That would be … Read more
March 21, 2018 by Cecile Gutscher (Bloomberg) It’s Fed day, Facebook firestorm rages, and short-term funding costs at crisis levels create headaches. Here are some of the things people in markets are talking about today. Fed day Jerome Powell will grab headlines today with an all but assured rate hike in his first meeting as … Read more
March 20, 2018 | Source: Ontario Energy Association TORONTO, March 20, 2018 (GLOBE NEWSWIRE) — Ontarians will soon head to the polls to vote on a new government that will need to make important decisions on our future energy needs. The Ontario Energy Association (OEA) has developed the Energy Platform to educate all of the political parties on those … Read more
March 20, 2018 | Source: Iron Bridge Resources Inc. CALGARY, Alberta, March 20, 2018 (GLOBE NEWSWIRE) — Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX:IBR) today is pleased to report its year-end 2017 oil and gas reserves and fourth quarter 2017 financial results and provide an operations update. Year-End Reserves Information The following provides … Read more
March 20, 2018 | Source: Cardinal Energy Ltd. CALGARY, Alberta, March 20, 2018 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX:CJ) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2017 as well as its 2017 year end reserves. 2017 Financial Highlights Achieved an … Read more
CALGARY — Discounts for western Canadian oilsands crude will remain high as railroads crank up their crude-by-rail rates in return for adding locomotives and crews to the transport constrained sector, according to an energy analyst’s report published …
With Grande Prairie, AB benefitting from it’s proximity to the Montney Shale Gas Formation and the Duvernay Play, now is a perfect time to effectively build momentum for your brand and services in the Grande Prairie area. For over 45 years the Grande Prairie Stompede has been one of the most popular annual events in … Read more
BURNABY, B.C. — The RCMP say three officers suffered minor injuries while making arrests Monday evening at demonstrations against the expansion of the Trans Mountain pipeline in Burnaby, B.C.
The Mounties say one officer suffered a head injury after b…
EDMONTON — Finance Minister Joe Ceci says Alberta is banking on anticipated revenue from an expansion of the Trans Mountain oil pipeline to balance the budget within five years.
Ceci says revenue from the yet-to-be built expansion, along with expected…
VICTORIA — The B.C. government and Halfway River First Nation have agreed to work together to recommend that a 6,000-hectare conservancy known as Tsaa Nuna be established in an area of cultural significance to the community.
The agreement also calls f…
March 20, 2018 Globe Newswire CALGARY, Alberta, March 20, 2018 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO) (OTCQX:GXOCF) announces that its Board of Directors (the “Board”) has initiated a formal process to review potential strategic alternatives available to the Company (the “Process”) in an effort to enhance shareholder value. On March 7, … Read more
MONTREAL — Most Ontario retailers are acting rationally in response to January’s large increase in the minimum wage and not cutting hours of operations, the CEO of Alimentation Couche-Tard Inc. said Tuesday.
“Maybe it’s a bit early to call it, but we …
April 9-10, 2018 Calgary, AB Learning to interpret information on Piping and Instrumentation Drawings (P&ID) will set you apart from your peers, whether you are an Operator, EIT, Engineer, or Manager In this fundamental course you will learn: ✔ How to interpret P&IDs ✔ How to understand the process flow ✔ The ability to redline errors or omissions … Read more
March 20, 2018 Globe Newswire CALGARY, Alberta, March 20, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX:PPR) is pleased to provide an operational update on successful drilling and completion results realized to date in 2018 from wells in its Princess and Wheatland (Wayne) core focus areas. Princess Update Prairie … Read more
Did you happen to notice the modest press release on the use of distributed ledger technology to handle oil and gas royalty payments? I did, and frankly, the implications are too big to ignore. Say again? A Calgary-based oil and gas company, working with key stakeholders (another oil and gas company, a regional bank, and a royalty specialist), has created an oil and gas royalty smart contract on distributed ledger technology (DLT), and executed a payment based … Read more
March 20, 2018 | Source: STEP Energy Services Ltd. CALGARY, Alberta, March 20, 2018 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (TSX:STEP) (the “Company” or “STEP”) today announces financial and operating results for the three and twelve months ended December 31, 2017. The following press release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”) … Read more
March 20, 2018 CNW TSX-V: HME – VANCOUVER, March 20, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce highlights from its independent reserves evaluation effective as at December 31, 2017 prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”). In September 2017, Hemisphere entered into a five-year term loan with a borrowing base of up to US$35.0 … Read more
March 20, 2018 CNW Revenue of $35.8 million and EBITDA of $3.9 million fourth quarter 2017. Revenue of $118.4 million and EBITDA of $15.5 million in 2017. SHERWOOD PARK, AB, March 19, 2018 /CNW/ – (TSX.V:VTX) – Vertex Resource Group Ltd. (Vertex or the Company) is pleased to report its financial and operational results for the fourth quarter and year ended December 31, 2017. The following should … Read more
March 20, 2018 by Tsuyoshi Inajima (Bloomberg) Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding U.S. supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four … Read more
March 20, 2018 (Bloomberg) The message from the massive government shakeup completed Tuesday in Beijing is clear: Chinese President Xi Jinping is just getting started. China’s national parliament gave its rubber stamp of approval to a dizzying overhaul that will reverberate through the world’s second-largest economy for years. They restructured almost every cabinet-level ministry, created … Read more
March 20, 2018 by Cecile Gutscher (Bloomberg) China wants to stay out of Trump’s trade war, squabbling over tunnels and borders stalls U.S. spending bill, and tech disasters show human failings. Here are some of the things people in markets are talking about today. China overture Premier Li Keqiang sought to quell a full-blown trade war with the … Read more
App is 100 Times Faster Than Traditional Oil and Gas Chart Reading Processes March 19, 2018 CALGARY, Alberta–(BUSINESS WIRE)–Cenozon Inc., a leading end-to-end supplier of comprehensive oil and gas software solutions, in an exclusive partnership with Peak AI Solutions, announced the release of InstantChart™, a revolutionary chart reading mobile app that is 100 times faster than traditional … Read more
BURNABY, B.C. — RCMP say more than a dozen people protesting the expansion of the Trans Mountain pipeline have been arrested at a construction site in Burnaby, B.C.
A B.C. Supreme Court judge granted the company an injunction last week restricting pro…
VANCOUVER — Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst.
Dan McTeague of the online tech company GasBuddy…
App is 100 Times Faster Than Traditional Oil and Gas Chart Reading Processes March 19, 2018 (Calgary, Alberta): Cenozon Inc., a leading end-to-end supplier of comprehensive oil and gas software solutions, in an exclusive partnership with Peak AI Solutions, announced the release of InstantChart™, a revolutionary chart reading mobile app that is 100 times faster than traditional chart … Read more
140-person firm has internationally recognized expertise in energy and resources, mining industries March 19, 2018 CALGARY, Alberta–(BUSINESS WIRE)–Alberta based, global engineering and design firm Stantec has signed a Letter of Intent to acquire Norwest Corporation (Norwest). With the addition of Norwest, Stantec’s Energy & Resources business operating unit will add a strong mining practice to … Read more
March 19, 2018 | Source: TransCanada Corporation HOUSTON, March 19, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) released the following statement regarding the Federal Energy Regulatory Commission’s (FERC) recent pronouncements on income tax matters with respect to pipeline ratemaking: On March 15, 2018, FERC issued a Notice of Proposed Rulemaking (NOPR) and … Read more
March 19, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to clear a glut despite a pledge from Russia that it’s committed to the curbs. Futures in New York fell 0.4 percent … Read more
March 19, 2018 by David Wethe (Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are … Read more
March 19, 2018 by Elena Mazneva and Annmarie Hordern (Bloomberg) Russia is committed to seeing its pact with OPEC through to completion, whether that means starting discussions about a phaseout at the next meeting in June or prolonging output cuts into 2019, Energy Minister Alexander Novak said. “As soon as the ultimate goal of our … Read more
March 19, 2018, by Cecile Gutscher (Bloomberg) China elevates deputy as new central bank chief, Putin wins another landslide, and Apple swipes at Samsung with secret screen-making plans. Here are some of the things people in markets are talking about today. Old hand China named Yi Gang to run its central bank, promoting a long-serving deputy governor with deep … Read more
CALGARY — TransCanada Corp. says a recent U.S. tax ruling that eliminated a tax break for owners of certain interstate pipelines will have no material impact on its operations.
Shares in TransCanada had come under pressure following the decision.
The …
Following is an excerpt from a recent drill planning case study. The full case study is available for download here. In the E&P business, lean times need to be learning times. With the current market, drilling teams are leaner than ever and trying to do more with less – less time, less resources, less budget. It’s … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary As a salesperson you possess beliefs you want your prospect to have about you. Those might include, “they’re a trusted adviser,” “their price is worth it for the value I receive,” and/or “that salesperson is … Read more
New software streamlines workflows and reduces errors in label creation MILWAUKEE, Wis. (March 14, 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the release of the new Scan and Print Software. The new software is part of the Brady Workstation label creation and print software offering. … Read more
March 16, 2018 | Source: Toscana Energy Income Corporation CALGARY, Alberta, March 16, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“TEI” or the “Corporation”)(TSX:TEI) announces financial and operating results for the year ended December 31, 2017. Financial and operating results: The following summarizes information contained in the Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for … Read more
March 16, 2018 Reuters Cenovus Energy Inc is seeking a partner to fund C$1.3 billion in costs to build the supporting infrastructure at its Narrows Lake oil sands project in Alberta, people familiar with the matter said on Friday. Cenovus has been seeking to raise billions to support its projects and reduce its debt burden after … Read more
Authorities in British Columbia arrested anti-pipeline protesters Saturday on Burnaby Mountain, a first in a string of actions demonstrators said they have planned for the coming week.
Amina Moustaqim-Barrette, who spoke on behalf of a coalition of de…
WASHINGTON — The same Russian online troll farm that meddled in the American presidential election has also taken swipes at Canadian targets, including oil infrastructure and Prime Minister Justin Trudeau.
Evidence is embedded in data made publicly av…
March 16, 2018 by Kelly Gilblom and Laura Blewitt (Bloomberg) When one of the largest oil conferences in the Americas held a networking event to highlight “the prominent role women play” in the industry, the first speaker was a guy named Dan. Dan handed over to Jack, who introduced a speech from Ryan, who then … Read more
March 16, 2018 Reuters NEW YORK (Reuters) – Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a weekend in which the U.S. news program “60 Minutes” will air an interview with Saudi Arabia’s crown prince. … Read more
Canada’s drilling rigs went down by 54 to the current count of 219 actively drilling rigs according to data collected by Baker Hughes for the week of March 16th. From one week ago, Alberta rig counts decreased by 30 to 157 and the Saskatchewan rig count decreased by 22 to 35. Oil drilling went down … Read more
March 16, 2018 Reuters Permian Basin Drilling Rig U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year.Drillers added four oil rigs in the week to March 16,bringing the total count to … Read more
CALGARY — Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. failed to recover fully Friday from a steep sell-off on Thursday after the U.S. said it would eliminate a tax break for owners of certain interstate pipelines.
Both Ca…
March 16, 2018 CNW CALGARY, March 16, 2018 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today stated that it does not expect a material impact to its previously disclosed financial guidance over the 2018-2020 horizon as a result of the Federal Energy Regulatory Commission (FERC) revised policy statement on interstate pipeline tax allowance recovery in Master … Read more
By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst March 15, 2018 “It’s the economy, stupid”. This became a key slogan during Bill Clinton’s 1992 electoral run to unseat incumbent U.S. President George H. W. Bush. It originated as, “The economy, stupid”, part of an internal campaign team message. But it grew legs. … Read more
March 16, 2018 by Lorcan Roche Kelly (Bloomberg) White House seeks to muffle new talk of departures, border issue looms large in Brexit talks and there may be a problem with the Aramco IPO. Here are some of the things people in markets are talking about today. Next? White House Press Secretary Sarah Huckabee Sanders tweeted that … Read more
March 16, 2018 by Alex Longley (Bloomberg) Oil held above $61 a barrel, paring the weekly loss, as investors weighed surging U.S. crude production against a warning from the International Energy Agency of an impending shortfall in global supplies. Futures in New York rose slightly Friday but headed for a weekly drop of 1.1 percent. … Read more
March 16, 2018 by Bruce Einhorn and Prudence Ho (Bloomberg) Li Ka-shing, a wartime refugee who used to sweep factory floors in Hong Kong for a living, retired after a career spanning more than half a century amassing one of Asia’s biggest fortunes from building skyscrapers to selling soap bars. The 89-year-old chairman of CK … Read more
March 16, 2018 by Maciej Onoszko, Kristine Owram and Matthew Winkler (Bloomberg) A reinvigorated U.S. economy under Donald Trump is a better bet than Canada, where a ticking consumer-debt bomb and declining competitiveness are dragging on asset prices, according to top-performing money managers north of the border. President Trump’s tax cuts and pro-business agenda have … Read more
March 15, 2018 17:01 ET | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) (TSX:ZAR.DB.A) has released its 2017 fourth quarter and full year financial results. Previously, Zargon provided 2017 year end reserves, production updates and 2018 H1 production/capital guidance in our February 12, … Read more
EDMONTON — Alberta’s Opposition United Conservatives say there should be no more carbon tax hikes without the consent of the people.
United Conservative Leader Jason Kenney introduced a private member’s bill today banning any future hikes on the tax w…
VICTORIA — A three-member scientific panel will review the safety and environmental standards of fracking for natural gas in British Columbia and give the provincial government advice on what changes might be needed to minimize its risk to the environ…
VANCOUVER — Protesters must be restrained from obstructing the expansion of the Trans Mountain pipeline, says a British Columbia Supreme Court judge who has granted the company an injunction aimed at preventing people from entering within five metres …
March 15, 2010 Globe Newswire CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) — Spartan Energy Corp.(“Spartan” or the “Company”) (TSX:SPE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2017. Selected financial and operational information is set out below and should be read in conjunction with Spartan’s December … Read more
VANCOUVER — Canada’s natural resources minister says Ottawa is determined to see the Trans Mountain pipeline expanded, despite an interprovincial dispute on whether the project should go ahead.
Jim Carr said the federal government approved the project…
March 14, 2018 Globe Newswire CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (the “Corporation”) announced today its intention, subject to regulatory approval, including the approval of the Toronto Stock Exchange (“TSX”), to purchase for cancellation up to 61,295,086 of its common shares (representing 5% of the common shares as at March … Read more
March 15, 2018 Reuters LONDON (Reuters) – Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018, the International Energy Agency (IEA) said on Thursday. The IEA raised its forecast for oil demand this year to … Read more
Click logo for more information on Lenbeth Energy Services Please ensure you application is complete and as detailed as possible and clearly states the position you are interested in. Should you have any questions about your application or Lenbeth Energy Services, please email tom@lenbeth.com. Thank you to all applicants for their interest, however only those chosen … Read more
March 14, 2018 by Timothy L. O’Brien (Bloomberg View) Rex Tillerson was the former chief executive of energy giant Exxon Mobil Corp. before he was the former secretary of state. Big jobs, both, and Tillerson looked and sounded every bit the corporate titan, with a leonine head framed by thinning white hair, chevron eyebrows, a soothing, basso … Read more
March 15, 2018 by Lorcan Roche Kelly (Bloomberg) Larry Kudlow picked as White House economic adviser, Unilever to abandon U.K. headquarters, and it’s Putin’s move as tensions escalate over poisoning. Here are some of the things people in markets are talking about today. King Dollar Incoming White House economic adviser Larry Kudlow gave a trading recommendation in his first … Read more
The Canadian Taxpayers Federation (CTF) released documents obtained from the federal government through Access to Information that show foreign oil is getting a free emissions pass from the federal government – one that is costing taxpayers billions of dollars. In August 2017, the federal government decided to change the rules halfway through the Energy East pipeline … Read more
March 14, 2018 by Lucia Kassai and Robert Tuttle (Bloomberg) Canadian oil producers found a way to access the growing Asian energy market without the controversial Trans Mountain pipeline. A cargo of heavy crude was sent to China after being railed to a terminal in Portland, Oregon, according to U.S. Census data and people with … Read more
March 15, 2018 by Heesu Lee (Bloomberg) Oil held gains near $61 a barrel on signs of robust fuel consumption in the U.S. and as OPEC’s compliance with its pledged output cuts soared to a new record. Futures added 0.2 percent in New York, after rebounding from two days of declines on Wednesday. American gasoline … Read more
March 14, 2018 CNW CALGARY, March 14, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended December 31, 2017. In Q4 2017 Surge’s average daily production of 15,675 boepd (81 percent oil and NGL’s) came in above the Company’s budget projections. The Company also exceeded management’s 2017 … Read more
CALGARY — The National Energy Board has approved NOVA Gas Transmission Ltd.’s plan to abandon a 266 kilometre section of its Peace River Mainline system in northwestern Alberta.
The approved plan calls for the TransCanada Corp. subsidiary to remove a …
VANCOUVER — Ottawa is offering $500 million to businesses, local governments and advocacy groups for new ideas on how to cut Canada’s carbon footprint.
Environment Minister Catherine McKenna says the government’s Low Carbon Economy Challenge will dole…
VANCOUVER — Social media posts suggest anti-pipeline activists are determined to continue blockades at two terminals in Burnaby, B.C., as they cause more irreparable harm to the Trans Mountain project, says a lawyer seeking a permanent injunction agai…
FORT MCMURRAY, Alta. — Nexen Energy has pleaded not guilty to eight charges stemming from a fatal explosion at the company’s oilsands site in northern Alberta.
Drew Foster, who was 52 and from Niagara Falls, Ont., died at the scene.
Thirty-year-old Da…
March 14, 2018 CNW VANCOUVER, March 14, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce that it has completed its winter development drilling program in Atlee Buffalo, southeast Alberta. Hemisphere has finished its three-well drilling program in the Atlee Buffalo Upper Mannville G pool, where the Company recently constructed a large centralized oil … Read more
March 14, 2018 Globe Newswire Return on capital employed of 10% in 2017 Q4 condensate production of 63,700 bbls/d, up 47%; operating netback of $24.86 per boe CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) — Seven Generations (TSX:VII) achieved record funds from operations of $1.23 billion for 2017 and $404 million in the fourth quarter, up 66 … Read more
CALGARY — Seven Generations Energy Ltd. beat revenue expectations with fourth-quarter results boosted by higher production and prices for condensate, a premium-priced petroleum liquid produced with natural gas from its northwestern Alberta wells.
The …
Attention Poker Fans! Social and Networking Events: Stars of Poker for Education 3rd Annual Poker Tournament After the success of last April’s Charity Poker Tournament, we are at it again – March 28th in Calgary. We are excited to have Frac Shack International Inc. as our premiere event and food sponsor, Summit ESP as our drinks sponsor, … Read more
By far the most data intense function in the oil and gas value chain is exploration, but exploration is far from being digital. How might it get its mojo back? Exploration – a digital early adopter The exploration function of oil and gas has always been able to attract funding and technology investments. They’re necessary to help collect and interpret the vast volumes of data that characterize geologic formations and highlight the possible presence of … Read more
MONTREAL — Canadian National Railway Co. is beginning to recover from a turbulent end to 2017 and deep winter freeze that curtailed its service, the railroad’s interim CEO said Wednesday.
Jean-Jacques Ruest told an investor conference Wednesday that F…
A Commentary by Wendy Ferguson – BHRLR, CPHR After 40 years the OHS Act has finally been overhauled, and come this June expect to be affected by the changes. These changes are the result of an in-depth review of the Alberta OHS system and the WCB system which triggered Bill 30 – An Act to … Read more
March 13, 2018 by Prudence Ho (Bloomberg) Billionaire Li Ka-shing will be holding his annual press conference on Friday. Though his companies are big — flagship CK Hutchison Holdings Ltd. is the largest local non-financial company by market value on the Hang Seng Index — the focus often shifts beyond earnings and veers toward subjects … Read more
If you’ve been to a trade show of any kind, you’ve seen those booths that always have a crowd in front, and everyone was talking about them. Yet the booth next door contained a lone salesperson sitting behind a table with no one to talk to. At the end of the show, which company do … Read more
March 14, 2018 by Lorcan Roche Kelly (Bloomberg) Trump consolidates power, May looks to punish Russia, and China still growing strong, for now. Here are some of the things people in markets are talking about today. One view With the firing of Secretary of State Rex Tillerson, President Donald Trump continued his policy of surrounding himself with … Read more
March 13, 2018 by David Fickling (Bloomberg Gadfly) What is it with Silicon Valley and flying cars? Perhaps it’s a result of having an economy largely based on Popular Mechanics nerds-turned-billionaires. Perhaps it’s to do with the fact that tech hubs San Francisco, San Jose and Seattle are three of the five most congested U.S. … Read more
Mar 14, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil halted recent losses as investors weighed a potential increase in geopolitical tensions from the fallout of Rex Tillerson’s ouster as U.S. secretary of state. Futures rose 0.5 percent in New York. Prices seesawed on Tuesday after President Donald Trump fired Tillerson, whom he had … Read more
CALGARY — Suncor Energy Inc. says an eight-week maintenance project at Syncrude that had been scheduled to begin in April will start Thursday.
The company says advancing the turnaround will permit Syncrude to deal with an unrelated issue which has bee…
All financial figures are in Canadian dollars, unless otherwise noted March 14, 2018 06:30 ET | Source: Suncor Energy Inc multilang-release CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) — Suncor today announced that the Syncrude maintenance turnaround originally scheduled to begin in April, will be moved up by approximately one month. On March 15, Syncrude plans to begin an … Read more
EDMONTON — Alberta politicians have passed a motion to back Premier Rachel Notley’s battle for the Trans Mountain oil pipeline, but division remains on how to carry the fight.
The United Conservatives, Alberta Party, and the Alberta Liberals joined wi…
March 13, 2018 Reuters The Canadian heavy oil discount widenedslightly on Tuesday against the West Texas Intermediate (WTI)benchmark as growing crude stockpiles continued to exceedcapacity to move product out of the oil-rich province ofAlberta.* Western Canada Select (WCS) heavy blend crude for Aprildelivery in Hardisty, Alberta, settled at $25.50 a barrel belowthe WTI benchmark crude price … Read more
March 13, 2018 Globe Newswire CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “us”, “our” or the “Company”) (TSX:BXE) (NYSE:BXE) announces its financial and operating results for the fourth quarter and year ended December 31, 2017. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and … Read more
March 13, 2018 Globe Newswire CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) — Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results for the year ended December 31, 2017. The related financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the year … Read more
VICTORIA — British Columbia Premier John Horgan says the best route for the ongoing Trans Mountain expansion pipeline dispute with Alberta is through the courts.
He says B.C. will stick to its legal plan to test its jurisdiction on environmental and e…
VANCOUVER — Transport Minister Marc Garneau says efforts to protect Canada’s coastlines from vessel spills includes an “unprecedented level of collaboration” with Indigenous communities.
Garneau announced a pilot project under the $1.5-billion ocean p…
Cequence Energy Ltd. (CNW Group/Cequence Energy Ltd.) CALGARY, March 13, 2018 /CNW/ – Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce its year-end reserve evaluation as prepared by its qualified independent reserve evaluator as well as its operating and financial results for the fourth quarter and year ended December 31, 2017. The Company’s Consolidated … Read more
Great Leadership Begins With …. by Sherri Hilton MAL, CEC, PCC “Knowing yourself is the beginning of all wisdom.” Over 2000 years ago, Greek philosopher Aristotle, who lived between 384–322 BC, spoke those now very famous words. In today’s constantly changing environment, “knowing yourself” remains an essential, if not the most important ingredient, … Read more
March 13, 2018 Lorcan Roche Kelly (Bloomberg) Trump blocks Broadcom’s attempted Qualcomm takeover, U.K. gets an update on the budget, and a power overhaul in China. Here are some of the things people in markets are talking about today. Not for sale President Donald Trump’s executive order blocking Broadcom Ltd.’s hostile bid for Qualcomm Inc. on national … Read more
MONTREAL — The operator of Aeroplan is pushing back at suggestions that Esso’s shift to the PC Optimum card could shake member confidence with the planned departure of Air Canada as a partner looming in 2020.
“We understand the sentiment, but our memb…
March 13, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil fluctuated in New York amid concern that, while global demand is strong, it might not absorb swelling U.S. supplies. Futures added 0.3 percent after retreating 0.4 percent earlier. The U.S. government expects major shale regions to boost output by 131,000 barrels a day in … Read more
Below are a few examples of company video’s that we’ve recently produced: Contact us via the form below for more information: [contact-form-7 id=”230613″ title=”Advertise With Us Inquiry – SHOWCASE Media Kit Download”]
March 12, 2018 by Robert Tuttle (Bloomberg) Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback. Alberta’s government’s C$1 billion dollar pledge ($780 million) will help support the construction of smaller and cheaper varieties of upgraders. The so-called partial upgraders would process the … Read more
March 12, 2018 Reuters HOUSTON (Reuters) – The Trump administration’s plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal … Read more
Frac Shack Inc. is incredibly proud to be recognized as one of Canada’s Best Managed Companies for 2018. A huge thank you to all our extremely hard working and dedicated employees, our loyal customers, and our industry partners for all their support! Even in private practice as a lawyer in Edmonton, Frac Shack CEO Todd … Read more
EDMONTON — Alberta Premier Rachel Notley and Opposition Leader Jason Kenney exchanged smiles and brief waves in the Alberta legislature Monday before letting the accusations fly in their first question period together.
Kenney accused Notley of mislead…
EDMONTON — Alberta is committing up to $1 billion to grow its petrochemical industry.
Energy Minister Marg McCuaig-Boyd says the money will be used for loan guarantees, grants and royalty credits to spur more private investments in the sector.
There w…
REGINA — Canada’s environment minister says Saskatchewan will be subject to a federal carbon tax if it doesn’t sign on to a national climate change plan by the fall.
Catherine McKenna says in a letter to her Saskatchewan counterpart, Dustin Duncan, th…
March 12, 2018 Globe Newswire CALGARY, Alberta, March 12, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three months and year ended December 31, 2017 and provide an update on our future business plans. For NuVista, 2017 was a very active and successful year with … Read more
The Canadian Press REGINA – The federal government and Saskatchewan are still deadlocked on a national climate change plan despite what the two sides call a constructive meeting on Friday. Saskatchewan Premier Scott Moe met with Prime Minister Justin Trudeau to talk about several issues, including climate change. But Moe said he hasn’t changed … Read more
The Canadian Press Alberta Premier Rachel Notley CALGARY – Alberta Premier Rachel Notley’s threat to reduce oil shipments to other provinces, the latest salvo in a recent pipeline dispute with British Columbia, carries on a provincial tradition of using its natural resources to reinforce its political positions. The energy-rich province has used its oil and … Read more
Oil and Gas Awards EnerCorp is honoured to be Oil & Gas Awards recipient of the “New Technology Development” Award for the NorthEast. This was EnerCorp’s first entry and win at the Oil & Gas Awards. This is what the judges had to say about EnerCorp: “Proven examples of the EnerCorp Sand Management technology increasing … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Attending sales calls with your salespeople is an excellent way to support their growth and development. For your reps to grow sometimes you need to let them drown on a sales call. Make the venue … Read more
March 12, 2018 by Pratish Narayanan (Bloomberg) Oil risks sliding back under $60 a barrel as a surge in U.S. shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV. While the producer group complied with a pledge to curb output and ease a glut in 2017, … Read more
March 12, 2018, by Lorcan Roche Kelly (Bloomberg) North Korea wants a peace treaty, a huge day for German corporate news, and OPEC production cuts may be doomed. Here are some of the things people in markets are talking about today. Peace in our time South Korean media is reporting that Kim Jong Un wants to sign … Read more
March 12, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil steadied near $62 a barrel in New York after signs of economic strength in the U.S. sent prices higher by the most in seven months on Friday. The U.S. jobs report topped estimates last week, increasing confidence in the world’s biggest economy, giving a … Read more
March 12, 2018 by Jill Ward (Bloomberg) Nafta negotiations are weighing on companies’ investment plans and both Canada and the U.S. are hoping to make rapid progress in talks, according to Canadian Finance Minister Bill Morneau. “There are some businesses that are being cautious in investments because there is an expectation that Nafta could be … Read more
March 12, 2018, by Lorcan Roche Kelly (Bloomberg) North Korea wants a peace treaty, a huge day for German corporate news, and OPEC production cuts may be doomed. Here are some of the things people in markets are talking about today. Peace in our time South Korean media is reporting that Kim Jong Un wants to sign … Read more
Global Petroleum Show (GPS) is the most important energy event in North America attracting more than 50,000 international and domestic oil & gas executives from over 20,000 companies, high-level government officials, National and International Oil Companies (NOC’s & IOC’s), thought leaders and influencers from around the world. GPS provides a unique platform for the North American energy industry to connect … Read more
March 12, 2018 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, March 12, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) reported today on the results of its December … Read more
We get a little nerdy when it comes to making sure that we’ve done all we can to prolong the life of the oil and gas signs we make. We’ve tested them under some of the harshest conditions we can recreate to ensure we are using the best materials, but it’s pretty much impossible to make a … Read more
March 09, 2018 | Source: High Arctic Energy Services Inc NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, March 09, 2018 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX:HWO) – “High Arctic” or the … Read more
Canada’s drilling rigs went down by 29 to the current count of 273 actively drilling rigs according to data collected by Baker Hughes for the week of March 9th. From one week ago, Alberta rig counts decreased by 21 to 187 and the Saskatchewan rig count decreased by 5 to 57. Oil drilling went down … Read more
The Event Held for a period of two consecutive days, this event named the “Lloydminster Heavy Oil Show” will discuss and showcase heavy oil knowledge and technology. The next show takes place Sept. 12-13, 2018 at the border city’s agricultural exhibition grounds. The event is open to the public, with over 5000 people in attendance. … Read more
SPIRIT RIVER, Alta. — RCMP say there has been a release of potentially dangerous sour gas near a small community in northwestern Alberta.
Police say the gas was released Friday afternoon by a plant near Baytree about 100 kilometres northwest of Grande…
REGINA — The federal government and Saskatchewan are still deadlocked on a national climate change plan despite what the two sides call a constructive meeting on Friday.
Saskatchewan Premier Scott Moe met with Prime Minister Justin Trudeau to talk abo…
March 8, 2018 PM Reuters The Canadian heavy oil discount narrowed on Thursday against the West Texas Intermediate (WTI) benchmark for the first time in four trading days.Rail locomotive capacity remains tight, with both supply and demand high, said a crude by rail terminal operator. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, … Read more
March 9, 2018 Reuters (Reuters) – U.S. energy companies this week cut oil rigs for the first time in seven weeks even as crude prices hovered near a three-year high, prompting more drillers to boost spending plans for 2018. Drillers cut four oil rigs in the week to March 9, bringing the total count down to … Read more
A company out of Drayton Valley has developed the SafeSeal Valve System designed to reduce pipeline spills and catastrophic events. The concept is straightforward – poor maintenance of critical values can result in huge problems along a pipeline or with oil and gas operations. Essentially these valves need to be greased properly and frequently or … Read more
REGINA — Prime Minister Justin Trudeau says the dispute between Alberta and British Columbia over the Trans Mountain pipeline expansion isn’t the first time provinces have disagreed on a project. Trudeau says there have been many times where provinces have taken what he calls “different perspectives” on a proposal. He says it’s important that the federal government show … Read more
In yesterday’s Speech from the Throne, the Government of Alberta pledged to stand against recent attempts by the Government of British Columbia to obstruct the twinning of the Trans Mountain pipeline. While we sincerely hope that the Government of B.C. comes to its senses and ends its efforts to impede the expansion project, we are … Read more
Vancouver, March 9, 2018 – Prime Minister Justin Trudeau continues to say positive things about Kinder Morgan’s vital plans to add sorely needed pipeline capacity to Canada’s access to Western tidewater via the Trans Mountain Pipeline Expansion Project, and we are in support of that. However, Canadians need to see more from Ottawa then just lip service, we … Read more
VANCOUVER — Trans Mountain is seeking an injunction against a group of anti-pipeline activists protesting construction at two terminals in Burnaby, B.C.
A notice of civil claim filed in B.C. Supreme Court before the start of a hearing today is asking …
FOR: SHAMARAN PETROLEUM CORP.TSX VENTURE SYMBOL: SNMOMX SYMBOL: SNMDate issue: March 09, 2018Time in: 5:30 PM eAttention:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 9, 2018) – ShaMaran Petroleum
Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:…
March 9, 2018, by Lorcan Roche Kelly (Bloomberg) Great progress In an unprecedented move, President Donald Trump has agreed to meet with North Korea’s Kim Jong Un, with South Korean National Security Council chief Chung Eui-yong saying the meeting would take place by May. Foreign policy experts are divided on the wisdom of the gathering at this time, … Read more
March 08, 2018 | Source: Xtreme Drilling Corp. CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) — Xtreme Drilling Corp. (TSX:XDC) (“Xtreme” or the “Company”) announces its fourth quarter 2017 financial and operating results. It is anticipated that filing will take place on SEDAR of Consolidated Financial Statements as well as Management’s Discussion and Analysis for the three and twelve months ended … Read more
March 08, 2018 | Source: Chinook Energy Inc. CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) — Chinook Energy Inc. (“our”, “we”, or “us”) (TSX:CKE) is pleased to announce its fourth quarter and 2017 financial and operating results. Our operational and financial highlights for the three months and year ended December 31, 2017 are noted below and should be … Read more
March 8, 2018, by Shadia Nasralla and Libby George LONDON (Reuters) – Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korean leader Kim Jong Un and U.S. President Donald Trump. Kim also pledged to refrain from further nuclear or missile tests, lifting Asian stock … Read more
March 8, 2018 by Javier Blas (Bloomberg) Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude. “I cannot remember ever in my career having seen a negative decline rate,” the British oil-giant’s chief executive officer said … Read more
March 9, 2018 by Theophilos Argitis (Bloomberg) Canada’s unemployment rate returned to the lowest in four decades in February as hiring posted a modest rebound. Canada added 15,400 jobs during the month, Statistics Canada reported Friday, close to economist forecasts for a 21,000 gain. The unemployment rate fell to 5.8 percent from 5.9 percent, back … Read more
March 8, 2018 Reuters The Trump administration is trying to find the right balance with top trade partners Canada and Mexico as it considers tariffs on imports of steel and aluminum, U.S. Energy Secretary Rick Perry said on Thursday. “We are partners. But we’re competitors. And finding that nice balance is what this is all about,” … Read more
EDMONTON — Alberta Premier Rachel Notley is threatening to turn off the oil taps in a fight with British Columbia over the Trans Mountain pipeline expansion.
Notley won’t say if she would cut off B.C. or the rest of Canada — or both — but says her gov…
March 8, 2018 by Sharon Cho and Serene Cheong (Bloomberg) There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc. Heavy industry relies on hydrocarbons to generate extremely high temperatures and chemical reactions, according to Mark Quartermain, vice president … Read more
March 8, 2018 by Justin Fox (Bloomberg View) The U.S. will become the world’s biggest oil producer, surpassing Russia, in the next five years, the International Energy Agency projected earlier this week. For a domestic oil industry that had been in decline for decades until 2009, it’s a spectacular turnaround. In natural gas, the U.S. is already the top producer … Read more
published Mar 8, 2018, 9:05:25 AM, by Liam Denning (Bloomberg Gadfly) — Let me tell you about some possibly great presentations I didn’t get to see this week. Truly, they sounded awesome for anyone interested in energy. One was on cloud computing revolutionizing the oil and gas industry, featuring heavy hitters from Alphabet Inc. and Schlumberger Ltd. Another, … Read more
FOR IMMEDIATE RELEASE Vancouver, March 8, 2018 – It’s all very well that Prime Minister Justin Trudeau continues to say positive things about Kinder Morgan’s vital plans to add sorely needed pipeline capacity to Canada’s access to Western tidewater. In fact, we’re glad he says he supports the Trans Mountain Pipeline Expansion Project. But when it comes … Read more
CALGARY — A massive number of oil and gas wells, facilities and pipeline segments stand to be added to the already bulging files of the Alberta Orphan Well Association in the wake of the likely failure of Sequoia Resources Corp.
All of the Calgary-bas…
VANCOUVER — Gasoline prices in the B.C. Lower Mainland have hit $1.50 a litre and are near record highs, with at least one analyst saying they could climb further still.
Dan McTeague, senior petroleum analyst at GasBuddy, says a refinery outage in Bur…
March 8, 2018 CNW CALGARY, March 8, 2018 /CNW/ OIL AND GAS OPERATIONS Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to sales volumes of 11,901 Boe/d in the fourth quarter of 2016. Full year sales volumes averaged 44,970 Boe/d in 2017. Paramount’s sales volumes, excluding sales volumes from properties acquired or sold in … Read more
How might an oil company improve netbacks by $3 per barrel using digital innovation? It sounds like a challenge, but is it? Duration: 10m 54s
March 7, 2018 by Jessica Summers (Bloomberg) Oil dropped by the most in more than three weeks as equities declined and a U.S. government report showed an expansion of crude stockpiles and production. Futures in New York slid 2.3 percent. Declines in the equity market, a rising dollar and concern that Trump’s tariff threats will spark … Read more
March 7, 2018, by Sai Sachin Ravikumar and Ankit Ajmera (Reuters) – General Electric Co (GE.N), which was the most valuable publicly traded U.S. industrial conglomerate at the beginning of the year, could sink to the No. 4 spot after a prolonged selloff that has shaken confidence in the company. Valued at close to $580 … Read more
March 7, 2018 by Kevin Crowley (Bloomberg) Soaring demand is the main reason for the rebound in oil prices — but if the economy falters, crude could tumble back to $40 a barrel, according to Exxon Mobil Corp. Cuts by OPEC countries have helped, but economic expansion is what’s “really driving demand at levels much … Read more
For more information about this event or to register, please visit: eventbrite.ca/e/blockchain-in-the-energy-industry-tickets-43493355798
March 8, 2018 by Lorcan Roche Kelly (Bloomberg) Want to receive this post in your inbox every morning? Sign up hereTrump tariffs gain some qualifiers, it’s decision day at the ECB, and ‘buy the dip’ is still a winning strategy. Here are some of the things people in markets are talking about today. ExceptionsThe White House appears to … Read more
EDMONTON — Alberta politicians are crossing swords over the best way to speak with a unified voice about the fractious Trans Mountain pipeline issue during the spring sitting of the legislature.
Government house leader Brian Mason says the first order…
March 7, 2018 Globe Newswire CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) (TSX:DEE) is pleased to announce its financial and operational results, crude oil and natural gas reserves information for the year ended December 31, 2017 and an operations update. 2017 HIGHLIGHTS Produced 8,401 barrels of oil equivalent per day (“boe/d”), a … Read more
March 7, 2018 CNW CALGARY, March 7, 2018 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to announce that Proved Plus Probable reserves as at December 31, 2017 were 6.9 Tcfe representing year-over-year growth of 40%, record annual average daily production of 257 MMcfe/d (42,882 boe/d) complimented by a 93% increase in adjusted funds … Read more
March 7, 20183:10 PM Globe Newswire CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide its fourth quarter and year end results. Over the last three years, Athabasca has transitioned from an early-stage exploration company into a sustainable intermediate producer with a strong cash flow … Read more
FOR: AFRICA ENERGY CORP.TSX VENTURE SYMBOL: AFEDate issue: March 08, 2018Time in: 7:00 AM eAttention:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2018) – Africa Energy
Corp. (TSX VENTURE:AFE) (“Africa Energy” or the “Company”) is pleased to
a…
CALGARY, March 7, 2018 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) is pleased to report its reserve evaluation for the year ended December 31, 2017, as well as provide an update on its first quarter drilling and completion operations. RESERVE HIGHLIGHTS Total proved developed producing (“PDP”) reserves increased 9% to 5.3 mmboe; PDP reserves … Read more
Suzanne West, who worked to reinvent the traditional Canadian oil and gas company by prioritizing the use of environmental and digital technology to slash emissions, has died after being diagnosed with brain cancer. She was 52. Ms. West established Calgary-based Imaginea Energy Corp. in 2013 in a bid to demonstrate that hydrocarbons could be developed … Read more
SAO PAULO — A former chief executive officer of state oil company Petrobras was sentenced to 11 years in prison Wednesday as part of sprawling corruption investigation that has ensnared many of Brazil’s top business and political leaders.
Federal Judg…
March 7, 2018 Australia’s Woodside Petroleum has dropped plans to build a liquefied natural gas export plant at Grassy Point on Canada’s west coast,choosing to focus on another Canadian LNG project, Kitimat, run by Chevron Corp .Woodside’s rights to develop the Grassy Point LNG site,about 30 km north of Prince Rupert, expired on Jan. 15, … Read more
March 7, 2018 Globe Newswire CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX:KEL) has released its financial and operating results for the fourth quarter and year ended December 31, 2017. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended … Read more
March 6, 2018 (HOUSTON) – Gardner Denver Petroleum & Industrial Pumps, the only total solutions provider to the drilling, well servicing and frac pumps market, is pleased to announce the opening of a Dubai facility, expanding the organization’s international reach. The facility’s ground breaking took place in late 2017 and construction is expected to be complete … Read more
Business meetings aren’t always enjoyable, but they are key to moving a team forward. Julia Austin offers tips for mastering the team meeting. by Julia Austin No matter how much we hate going to meetings, there’s a generally accepted best practice that teams should meet with their managers on a regular cadence. More often than not, unfortunately, … Read more
CALGARY, March 6, 2018 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to announce very strong 2017 financial and operating results as well as payment of the Company’s first dividend. HIGHLIGHTS Tourmaline grew 2017 cash flow(1) by 65% to $1.2 billion ($4.47/diluted share). Tourmaline delivered full-year 2017 earnings of $346.8 million ($1.29/diluted share) underscoring the inherent profitability … Read more
March 7, 2018 by Grant Smith (Bloomberg) Oil dropped for the first time in four sessions on a reported expansion in U.S. crude inventories and the risk of an intensifying global trade war sparked by President Donald Trump. Futures in New York fell as much as 1.3 percent. U.S. stockpiles rose by about 5.7 million barrels … Read more
March 6, 2018, by Liz Hampton and Jessica Resnick-Ault HOUSTON (Reuters) – Energy executives say the Trump administration’s proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising U.S. shale oil and gas output by three to 10 percent. Higher construction costs could slow growth in production and exports … Read more
March 6, 2018, by Ernest Schedyer and Ron Bousso HOUSTON (Reuters) – Around the room at Houston’s The Grove restaurant on Monday, at several tables, sat a group of shale executives, interspersed with energy ministers and officials representing OPEC members, where they dined on fish and steak. They should have had a lot to discuss amid … Read more
March 7, 2018, by Lorcan Roche Kelly (Bloomberg) Goin’ Gary Cohn is resigning as President Donald Trump’s top economic adviser, with his announcement coming just hours after he refused to publicly back the president’s tariff plan, according to people familiar with the matter. Trump said he would soon decide on a replacement for Cohn. “Many … Read more
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for February 2018 was 979, up 19 from the 960 counted in January 2018, and up 38 from the 941 counted in February 2017. The international offshore rig count for February 2018 was 194, down 2 from … Read more
The Calgary Telus Convention Centre will play host to SPE Canada’s second annual co-located Unconventional Resources and Heavy Oil Technical Conferences next Tuesday and Wednesday, 13-14 March. The event will feature over 90 technical presentations from industry thought-leaders in two major sectors of E&P, along with two exciting panel sessions. To kick off the event, … Read more
March 7, 2018, by Fergal Smith TORONTO (Reuters) – The Canadian dollar is forecast to rally over the coming year, a Reuters poll showed on Wednesday, as global economic strength and a broadly weaker greenback offsets smoldering investor fears of a trade war that could damage Canada’s economy. The poll of nearly 50 foreign exchange … Read more
OTTAWA — Canadian National Railway Co. is apologizing for failing to keep grain shipments moving reliably by rail, and says it’s taking immediate steps to clear the backlog — including mobilizing more train cars and workers.
The move comes just two da…
March 6, 2018 by Tina Davis and Javier Blas (Bloomberg) We’re only two days into CERAWeek by IHS Markit — the week-long gathering in Houston of some of world’s biggest names in energy — and fossil-fuel executives are already dumping on electric cars. To be fair, some say they’re coming, in a big way. Others … Read more
March 06, 2018 | Source: Strad Energy Services Ltd. CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Strad Energy Services Ltd. (“Strad” or the “Corporation“) (TSX:SDY) today announced that it purchased 1,000,000 shares at a cost of $1.50 per share under its Normal Course … Read more
March 6, 2018 by David Wethe and Kevin Orland (Bloomberg) Rail companies will start shipping more western Canadian crude by mid-year, helping clear a glut that’s devastated prices, Cenovus Energy Inc. CEO Alex Pourbaix said in an interview. Oil sands production has increased in recent years while new pipelines have been canceled or delayed. When … Read more
OTTAWA — The Trudeau government is putting pressure on Canada’s two major railways to clear a growing backlog of grain shipments that is undermining the country’s reputation as a reliable exporter and putting farmers in a cash-flow crunch.
Transport M…
We caught up with some of the 2017 GPS Award Winners – here’s where they are now. Since the launch of the Global Petroleum Show Awards in 2014, the program has shined a spotlight on technological advancements and environmental initiatives in the energy industry on a global stage at the annual conference and exhibition. Through … Read more
OTTAWA — Popular TV science personality Bill Nye put Prime Minister Justin Trudeau on the spot Tuesday to explain Canada’s approval of a controversial pipeline which, if built, will increase the flow of oil from Alberta to the Pacific coast.
“Tell us …
GlobeNewswire March 6, 2018 ST. ALBERT, Alberta, March 06, 2018 (GLOBE NEWSWIRE) — Enterprise Group, Inc. (TSX:E) (the “Company” or “Enterprise”) is pleased to announce that it has entered into a non-binding letter of intent for the sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering (“CTHA”), to a … Read more
Calgary, Alberta (March 5, 2018) – The Petroleum Services Association of Canada (PSAC) is pleased to announce that Mr. Tom Whalen has been named Interim President & CEO of the Association, effective March 15, 2018. Mr. Whalen fills the vacancy left by PSAC’s outgoing President, Mark Salkeld, who announced his departure in December. Whalen is … Read more
Safety Instrumented Systems March 19-23, 2018 Calgary, AB Become F.S. ENG TÜV (Rheinland) certified REGISTER TODAY What is covered ✔ Hazard and Risk Analysis ✔ SIL Determination methods ✔ How to integrate software and hardware for safety specific functions ✔ S.I.S. Design and Engineering through the safety lifecycle Why it’s important ✔ Enables you … Read more
March 6, 2018 by Wael Mahdi (Bloomberg) Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill. “I would like to put everyone at ease, there are no such worries,” Ali al-Naimi said in Manama, Bahrain, when asked if he sees a threat to … Read more
March 6, 2018 (Bloomberg) How have oil prices changed the IPO’s potential value is one of the pressing questions for Aramco’s CEO Amin Nasser. The chief executive officer of Saudi Aramco will speak to several thousand executives, government officials and journalists at the annual CERAWeek by IHS Markit event in Houston Tuesday. As the state-owned … Read more
March 6, 2018 by Grant Smith (Bloomberg) Oil rose in tandem with global equity markets, shrugging off concerns over a new wave of crude production from the U.S. as fears of a global trade war eased. After jumping 2.2 percent on Monday, futures added 1 percent in New York on Tuesday. European and Asian stocks … Read more
March 6, 2018, by Lorcan Roche Kelly (Bloomberg) All talk The European Union has drawn up a list of U.S. goods it intends to target should President Donald Trump go ahead with his proposed tariffs on imported metals. The tit-for-tat levy, which would only target $3.5 billion of U.S. goods, seems aimed at sending a … Read more
March 5, 2018, by Ernest Scheyder and Liz Hampton HOUSTON (Reuters) – The world’s largest oil producers appealed to U.S. shale producers to join their efforts to hold global prices at their current level at a major energy conference Monday, as the boom in shale is continuing to undermine OPEC’s production curbs. OPEC Secretary General … Read more
March 06, 2018 | Source: Baytex Energy Corp. CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “Our fourth quarter results demonstrate the impressive cash generating capability of our assets … Read more
March 06, 2018 | Source: Tamarack Valley Energy Ltd. CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) — Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2017 and the results of its independent oil and gas reserves evaluation as of … Read more
VANCOUVER — Jason Kenney, Alberta’s Opposition leader and candidate for premier, says his government would ensure “serious consequences” for British Columbia if it blocks the Trans Mountain pipeline expansion.
Kenney said Monday he would be prepared t…
March 5, 2018 CNW Solid 2017 Operational Performance and Record Net Income, Successful First Wells at Wembley & Progress Confirm High Liquid Yields & Free Condensate (TSX: AAV, NYSE: AAV) CALGARY, March 5, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to report record net income for 2017 of $95 million ($0.51/share) resulting from … Read more
March 5, 2018 Reuters Kitimat, BC Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters.Among the parties in talks with Chevron for a possible stake in Kitimat LNG are Petroliam Nasional Bhd, or … Read more
Mar 5, 2018 by David Wethe (Bloomberg) Bankers that work the oilfields can’t close deals this year thanks to the newfound financial discipline of explorers. That’s the message from Ralph Eads, chairman of energy investment banking at Jefferies Group LLC, who said he’s expecting a further drop in deal volume this year. Last year’s $74 … Read more
March 5, 2018 by Tina Davis (Bloomberg) CERAWeek by IHS Markit kicked off Monday afternoon, a five-day gathering in Houston of some of the energy industry’s biggest names. This year, some of the highlights include appearances by the CEO of Saudi Aramco and the heads of BP Plc, Royal Dutch Shell Plc, ConocoPhillips, Petroleos Mexicanos … Read more
March 5, 2018 by Javier Blas and Grant Smith (Bloomberg) OPEC and other petro-states need to “reconsider” their output plans due to a fresh wave of U.S. shale oil, the head of the International Energy Agency said. The warning followed a new forecast that could make uncomfortable reading for the cartel. The production cuts that helped … Read more
March 05, 2018 | Source: Parex Resources Inc CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is pleased to announce its financial and operating results for the year ended and the three months ended (“Fourth Quarter” or “Q4”) December 31, 2017. All amounts herein are in United States dollars (“USD”) … Read more
March 05, 2018 | Source: Raging River Exploration Inc. CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (the “Company” or “Raging River”) (TSX:RRX) announces that Raging River’s Board of Directors (the “Board“) has commenced a formal process to initiate a strategic repositioning of the Company (the “Repositioning Process”) in an effort to enhance … Read more
CALGARY — Crude-by-rail shipments could more than double over the next two years from historic highs as a lack of pipeline capacity forces producers to look to alternatives, said the International Energy Agency Monday.
The Paris-based IEA forecasts in…
March 5, 2018 by Grant Smith (Bloomberg) Oil steadied after its steepest weekly loss in a month as Libya resumed production at its biggest oilfield following a brief halt. Futures in New York rose 0.2 percent after a 3.6 percent decline last week. The Sharara field, Libya’s biggest, has started producing again after stopping on Sunday … Read more
March 4, 2018 Globe Newswire CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) announced today that it has entered into an agreement with an experienced operator to develop its 100% acreage in the Kakwa area. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “The first … Read more
March 5, 2018 by Eric Martin and Andrew Mayeda (Bloomberg) President Donald Trump said the U.S. won’t lower tariffs on steel and aluminum from Mexico and Canada unless the two countries agree to a revamped Nafta that’s fair to the U.S. “NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. … Read more
March 4, 2018, by Lesley Wroughton and David Ljunggren MEXICO CITY (Reuters) – An influential U.S. lawmaker said on Sunday all fairly traded steel and aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump’s proposed tariffs, as he sought to calm tensions at major trade talks in Mexico. Kevin Brady, chairman … Read more
March 5, 2018, by Grant Smith (Bloomberg) The U.S. will dominate global oil markets for years to come, satisfying 80 percent of global demand growth to 2020 as the shale boom keeps OPEC under pressure, the International Energy Agency said. “The U.S. is set to put its stamp on global oil markets for the next … Read more
March 5, 2018, by Lorcan Roche Kelly (Bloomberg) America first The verbal tit-for-tat trade rift across the Atlantic heated up over the weekend when President Donald Trump tweeted that he would target European car imports in response to an EU threat to American products following the president’s announcement of tariffs on steel and aluminum imports. Trump’s … Read more
Canada’s drilling rigs went down by 4 to the current count of 302 actively drilling rigs according to data collected by Baker Hughes for the week of March 2nd. From one week ago, Alberta rig counts decreased by 1 to 208 and the Saskatchewan rig count decreased by 4 to 62. Oil drilling went up … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Salesperson, “thanks for inviting me in, Prospect. On the phone you mentioned a couple of topics you wanted to discuss today. Would you remind me of what they were?” Prospect, “yes, Salesperson. We’re having issues … Read more
If asked, companies in the energy sector will typically declare their objectives to be improved profitability, efficiency and product quality. OilPro’s mission is to provide effective and reliable oil and natural gas production equipment so companies can achieve exactly that: quality, efficiency, and profitability. OilPro, founded by Olav Cramer – President, Mike Adams – Chief … Read more
For years, companies in the Oil & Gas industry have been a big part of Chuckwagon racing and the western heritage. This tradition is expected to continue in 2018. Even through a challenging economy, companies in the Oil and Gas industry are still benefiting from their advertising investment into the sport. In Chuckwagon racing, advertising … Read more
March 4, 2018, by Marianna Parraga HOUSTON (Reuters) – The Organization of the Petroleum Exporting Countries has not discussed “at this stage” extending production cuts into next year, the group’s president said on Sunday, adding that reducing global crude supply inventories remained its focus. Suhail Mohamed Al Mazrouei, the United Arab Emirates oil minister and OPEC’s president, … Read more
March 4, 2018, by Doina Chiacu, Valerie Volcovici WASHINGTON (Reuters) – A top trade adviser to U.S. President Donald Trump said on Sunday a process will be in place for businesses to get exemptions from the White House plan to place steep tariffs on steel and aluminum, offering the first indication a tariff hike could … Read more
March 4, 2018, by Ernest Scheyder HOUSTON (Reuters) – The oil industry’s biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when U.S. shale production is booming, global demand is rising and crude prices are at a sweet spot for both big U.S. producers and OPEC. Last … Read more
Mar 2, 2018 by Liam Denning (Bloomberg Gadfly) “Trade wars are good” is a thing you may have read Friday morning that happens to be not true. Yet, having emanated from the Tweeter-in-Chief, and with swinging steel and aluminum tariffs apparently on the way, here we are. For oil and gas producers, more expensive metal doesn’t seem … Read more
March 2, 2018 by Jessica Summers (Bloomberg) Oil is ending a bad week with a little bump higher as the initial panic over President Donald Trump’s trade wars threat eased somewhat. Futures in New York rose as much as 0.8 percent on Friday, erasing a morning slump and paring the weekly loss to about 3.5 … Read more
Mar 2, 2018 by Bailey Schulz (Bloomberg) U.S. oil explorers raised the rig count to 800 for the first time in almost three years amid booming domestic and overseas demand for crude and petroleum-based fuels. Drillers have been accelerating exploration in an almost-unbroken streak since the beginning of November, vaulting American crude output to a … Read more
March 1, 2018 Merger Creates Canada’s Largest Energy-Focused Waste and Environmental Services Company Ability to Accelerate Growth with Combined Cash Flow Combination Expected to Generate $40–$45 Million in Annual Synergies Significant Potential Value Creation for Shareholders CALGARY, March 1, 2018 /CNW/ – Newalta Corporation (“Newalta“) (TSX:NAL) and Tervita Corporation (“Tervita“), a private Alberta-based energy-focused waste and environmental services company, are pleased to … Read more
March 1, 2018 Reuters The Canadian heavy oil discount narrowed on Thursday against the West Texas Intermediate benchmark, but the crude continued to trade at a wider discount than normal.Expanding oil production in Alberta, coupled with tight pipeline and rail capacity to move it, has increased the discount since late last year. The discount looks to … Read more
March 2, 2018 PricewaterhouseCoopers Inc., LIT (“PwC”), in its capacity as Court appointed Receiver and Manager of Questfire Energy Corp. (“Questfire”), is seeking offers to purchase all or any part of the assets of Questfire and has retained Peters & Co. Limited (“Peters & Co.”) as its exclusive marketing agent to assist in this process. … Read more
March 1, 2018 by Greg Quinn and Erik Hertzberg (Bloomberg) More companies are saying no thanks to investing in Canada. The world’s 10th largest economy is still grappling with the effects of the oil-price crash as its southern neighbor lures work away with tax cuts and protectionist threats. Canada’s struggle to boost investment in this … Read more
March 1, 2018 by Robert Tuttle (Bloomberg) Husky Energy Inc. got some relief from the tax law changes in the U.S. as the Calgary-based company battled the slump in heavy crude prices at home. The decline in cash flow from heavy Canadian crude was partially offset as the refineries in Ohio and Wisconsin benefited from … Read more
March 1, 2018, by Rod Nickel and Nia Williams CALGARY, Alberta (Reuters) – Canada’s First Nations are boosting investments and leveraging their clout with regulators to gain stakes in oil and gas projects as they seek greater returns on energy produced or transported across their territory. Aboriginal groups in Canada have traditionally played a more … Read more
March 1, 2018, by Erwin Seba and Timothy Gardner HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects. Officials at the nation’s top energy industry trade groups issued statements … Read more
March 2, 2018, by Lorcan Roche Kelly (Bloomberg) Unpopular President Donald Trump’s announcement of a 25 percent tariff on steel imports and 10 percent on aluminum imports has been roundly condemned by the international community. Canada, the largest supplier of foreign steel to the U.S., said the measures were unacceptable, while the European Union vowed a … Read more
March 01, 2018 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) is pleased to announce its 2017 year end reserves, and an update of commodity price risk management and sales market diversification contracts. Reserves at December 31, 2017 were independently evaluated by InSite … Read more
March 01, 2018 | Source: Crew Energy Inc CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2017. Crew’s full audited consolidated Financial Statements and Notes, as well as Management’s Discussion … Read more
Strong base business growth and acquisition performance delivers exceptional year at Parkland March 01, 2018 | Source: Parkland Fuel Corporation CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announced today the financial and operating results for the three and twelve months ended December 31, 2017. All financial figures are expressed in Canadian … Read more
March 01, 2018 | Source: Pulse Seismic Inc. CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the year ended December 31, 2017. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and … Read more
March 01, 2018 | Source: Strad Energy Services Ltd NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) The news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For full disclosure of the forward-looking information and statements and the risks to which they are subject, … Read more
Advances in battery technology for electric vehicles (EV) have some experts questioning whether the global demand for fuel-based cars will decline sooner than expected. With transportation fuel demand representing 65 percent of oil demand, an unexpected shift in the pace of EV adoption has substantial implications for the energy industry. Bloomberg New Energy Finance (BNEF) … Read more
CALGARY — Husky Energy Inc. has restored its dividend as higher oil prices and a cost-cutting plan helped it boost earnings in the last quarter.
The company says it will pay a cash dividend of 7.5 cents per share for the quarter ended Dec. 31 after cu…
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February 28, 2018 The Canadian Press CALGARY – Canada’s competitive disadvantage with the United States is being reflected in lower spending plans by oil and gas producers, and Tuesday’s budget does nothing to change that trend, oilpatch observers say. In a report released Wednesday, Statistics Canada said capital spending to extract oil and gas will fall … Read more
February 28, 2018 The Canadian Press Alberta’s Legislature EDMONTON – Alberta Finance Minister Joe Ceci released the third-quarter fiscal update Wednesday showing the province on track for a $9.1-billion deficit when the budget year ends March 31 — $1.4 billion lower than expected. Here are some other highlights from the update: — The province is expected … Read more
February 28, 2018 CNW CALGARY, Feb. 28, 2018 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to provide details of minor asset sales and a Peace River High update. ASSET SALES Tourmaline is pleased to announce that it has completed the sale of a series of primarily undeveloped assets across all three core-operated areas during … Read more
March 01, 2018 | Source: TransCanada Corporation CALGARY, Alberta , March 01, 2018 (GLOBE NEWSWIRE) — Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has launched a new Open Season on its NOVA Gas Transmission Ltd. (NGTL) System for binding expansion capacity commitments at the Empress/McNeill Export Delivery Point. The Open Season is … Read more
March 01, 2018 | Source: Point Loma Resources Ltd CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire oil and gas assets from a private oil and gas company involved in a receivership … Read more
March 1, 2018 by Alex Longley (Bloomberg) Oil extended its biggest decline in three weeks as U.S. data showed inventories and production both surged, while the dollar gained. Futures in New York fell as much as 1.1 percent, after losing 3.6 percent in the previous two sessions. U.S. crude stockpiles last week rose to the highest … Read more
March 1, 2018 by Theophilos Argitis (Bloomberg) Foreign direct investment into Canada plunged last year to the lowest since 2010, hampered by an exodus of capital from the nation’s oil sector and worries about the fate of the North American Free Trade Agreement. Direct investment dropped 26 percent in 2017 to C$33.8 billion, Statistics Canada … Read more
February 28, 2018, by Laura Blewitt (Bloomberg) America’s role in the global oil market was flipped on its head in 2017. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources of oil. At the same time, exports of crude, gasoline and other refined … Read more
March 1, 2018, by Lorcan Roche Kelly (Bloomberg) Further falls The S&P 500 Index’s dispiriting close to February, after it slid 2.4 percent on Tuesday and Wednesday, continues to set the tone for global markets. Overnight, the MSCI Asia Pacific Index dropped 0.7 percent, while Japan’s Topix index closed 1.6 percent lower as the strengthening dollar and … Read more
March 1, 2018 (Reuters) – Canadian oil and gas producer Husky Energy Inc (HSE.TO) posted a higher-than-expected quarterly profit on Thursday and resumed dividend payments after more than two years as it benefits from rising oil prices. Husky said it would pay a C$0.075 per share dividend for the fourth quarter ended Dec. 31. The … Read more
CALGARY — Oilsands giant Canadian Natural Resources Ltd. says it is moving up planned maintenance shutdowns at its heavy oil projects in northern Alberta and will slow down production from new wells to avoid selling the product at current poor prices….
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COMMENTARY: Canadians Should Decide What to do With Their Money – Not Politicians and Bureaucrats