The National Energy Board is recommending to the federal cabinet that it approve NOVA Gas Transmission Ltd.’s proposed 2017 system expansion project that would provide additional capacity to meet the growing demand for natural gas in the oilsands area of northern Alberta.
June 2, 2016, 11:25 AM MDT
Canada’s federal government and other officials are getting the message that the oil and gas industry is vital to the country’s economy, that getting its product to new markets via pipelines is critical and that hydraulic fracturing is safe, says an industry leader.
June 2, 2016, 11:12 AM MDT
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June 2, 2016, 11:40 AM MDT
AECO gas prices averaged C$1.18 per gigajoule in May, up 9.3 per cent from April’s 16-year low of $1.08 per gigajoule, but still off 56 per cent from the May 2015 average of $2.67 per gigajoule.
June 2, 2016, 7:44 AM MDT
With the West Texas Intermediate oil price nearing US$50 a bbl, Baytex Energy Corp. has decided to start reactivating shut-in heavy oil wells, shareholders heard on Wednesday.
June 2, 2016, 11:33 AM MDT
A majority of Albertans surveyed believe that oil and gas represents the most important natural resource in Canada, according to a recently-released Royal Bank of Canada poll.
June 2, 2016, 11:19 AM MDT
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, the receiver and manager (the “Receiver”) of Edge Resources Inc. (“Edge” or the “Company”) to market Edge’s oil & natural gas interests in the Eyehill area of Saskatchewan (the “Property”).
June 2, 2016, 6:58 AM MDT
Trican Well Service Ltd. says it has entered into a definitive agreement with certain subsidiaries of National Oilwell Varco, Inc. for the sale of Trican's Completion Tools business with operations in Russia, Norway, the United States and Canada.
June 2, 2016, 9:26 AM MDT
Walter (Wally) Kozak from Calfrac Well Services Ltd. will chair the 13-member board of directors of the Canadian Society for Unconventional Resources (CSUR) for 2016-17.
June 2, 2016, 11:55 AM MDT
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Trican Well Service Ltd. says it has amended the terms of its previously announced public offering to increase the size of the offering to 37.5 million common shares of Trican at a price of $1.60 per common share for aggregate gross proceeds of $60 million.
June 2, 2016, 9:56 AM MDT
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June 2, 2016, 6:54 AM MDT
Having challenges sustaining the necessary working capital required to maintain your wells producing?
June 2, 2016, 6 AM MDT
Twin Butte Energy Ltd. says that its bank syndicate has agreed to extend the maturity date of its credit facilities 2016 by one day to enable the company to continue with its strategic alternatives process.
June 2, 2016, 10:05 AM MDT
LGX Oil + Gas Inc. says that its lender will file an application with the Court of Queen's Bench of Alberta to place the company into receivership and appoint Ernst & Young Inc. as Receiver to manage the company's affairs.
June 2, 2016, 10:33 AM MDT
The latest salvo in an on-again, off-again tiff between Strad Energy Services Ltd. and Total Energy Services Inc. has taken the form of a lawsuit filed by a minority Strad shareholder over Total’s failed offer for Strad last year.
June 2, 2016, 11:11 AM MDT
Pine Cliff Energy Ltd. says that it has entered into an agreement with its syndicate of Canadian financial institutions to extend the borrowing base redetermination date to June 30, 2016.
June 2, 2016, 11:01 AM MDT
The Secretary of the Organization of the American States (OAS), Luis Almagro, has called an emergency meeting at which members are to determine whether Venezuelan government actions have undermined democracy in that country.
June 2, 2016, 10:31 AM MDT
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