In recommending federal government approval for the proposed Trans Mountain pipeline expansion, the National Energy Board (NEB) panel says it placed significant weight on the economic benefits, many of which would be realized throughout Canada, in particular British Columbia, Alberta, Ontario and Quebec.
May 20, 2016, 6 AM MDT
With the long drawn-out and debated exercise that has been Kinder Morgan Inc.’s attempt to gain federal approval to expand its crude oil flow to the West Coast receiving some high-level support from the National Energy Board (NEB) yesterday, industry remains cognizant of the fact that reaching the goal-line remains a work in progress.
May 20, 2016, 11:29 AM MDT
While seen as a victory for industry lenders, an Alberta court ruling this week could result in a sharp rise in the number of orphan wells, potentially leaving taxpayers on the hook for unfunded well abandonment costs, according to lawyers familiar with the case.
May 20, 2016, 10:51 AM MDT
Before the CNOOC Ltd. takeover, Nexen Inc. would consistently spend millions of dollars a year on puts, ensuring a commodity floor price, says Pat Melia, director of derivatives trading at Koch Supply & Trading.
May 20, 2016, 6 AM MDT
Capital expenditures decreased to an estimated $37.3 billion in 2015, compared with $60.5 billion in 2014, a 38.4 per cent decline.
May 20, 2016, 8:16 AM MDT
Canyon Service Group Inc. now pays 75 per cent of its staff a day-rate or an hourly-rate basis.
May 20, 2016, 8:11 AM MDT
May 20, 2016, 11:37 AM MDT
On May 17, 2016, Connacher Oil and Gas Limited (“Connacher”) obtained court protection under the Companies’ Creditors Arrangement Act (“CCAA”) pursuant to an initial order granted by the Alberta Court of Queen’s Bench. Ernst & Young Inc. was appointed as the Monitor (the “Monitor”) of Connacher for the CCAA proceedings.
May 20, 2016, 6 AM MDT
Each year, more than four million Canadian workers suffer some type of job-related injury or illness.
May 20, 2016, 6 AM MDT
The Daily Oil Bulletin will not be publishing on Monday, May 23 due to the Victoria Day holiday.
May 20, 2016, 8:22 AM MDT
The Sturgeon Refinery welcomed the first 11 graduates of Women Building Futures’ (WBF’s) Ironworker Readiness class yesterday.
May 20, 2016, 10:54 AM MDT
Even though total refinery runs are pretty much maxed out in the United States Midwest (PADD II), potentially they might be able to substitute heavy crude, a crude oil conference heard Wednesday.
May 20, 2016, 8:47 AM MDT
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May 20, 2016, 8:33 AM MDT
The B.C. government collected $1.28 million at its Wednesday land sale as its historically poor year of auctions continues.
May 20, 2016, 9:16 AM MDT
May 20, 2016, 10:11 AM MDT
May 20, 2016, 8:30 AM MDT
Blackbird Energy Inc. has executed a binding take-or-pay gas handling agreement with a third party for the firm transportation and processing of sour natural gas produced from Blackbird's condensate-rich Elmworth project.
May 20, 2016, 6 AM MDT
Manitok Energy Inc. closed the first tranche of its previously announced best-efforts private placement offering of common shares in the capital of Manitok issued at a price of 18 cents per common share, and common shares issued on a flow-through basis in respect of Canadian exploration expense under the Income Tax Act (Canada) at a price of 21 cents per flow-through share.
May 20, 2016, 6 AM MDT
Perisson Petroleum Corporation and Forent Energy Inc. have closed the previously announced acquisition of certain producing oil and gas assets in the Twining area of Alberta.
May 20, 2016, 6 AM MDT
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May 20, 2016, 9:52 AM MDT
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