Headlines for May 16, 2017

  1. Moving Lion’s Share Of New Regulatory System To Ottawa Raises Eyebrows

    Brenda Kenny, a member of the expert panel reviewing the National Energy Board (NEB) and former president of the Canadian Energy Pipeline Association (CEPA), admitted that the recommendation by the panel to move the lion’s share of any new regulatory system to Ottawa from Calgary has raised some eyebrows.

  2. Canadian Output Forecast To Rise In Q2: IEA

    Hit by devastating wildfires during 2016, Canadian total oil production is forecast to increase by 500,000 bbls a day in the second quarter and 220,000 bbls a day for the year as a whole, the International Energy Agency (IEA) noted this morning in its May Oil Market Report.

  3. NWR Asked To Submit Proposal For Second Phase Of Refinery

    The senior executive of the company now building Alberta’s newest refinery— and who has appealed to the provincial NDP government to give a go ahead to the $8-billion second phase of the project — says his company has been asked to submit a detailed proposal to the government for the next phase.

  4. Spur Acquisition Helps Drive Tamarack Valley Production Growth

    Tamarack Valley Energy Ltd. reported an 86 per cent year-over-year increase in production in the first quarter of 2017 along with improved financial results following the closing of its business combination with Spur Resources Ltd. on Jan. 11, 2017 (DOB, Jan. 12, 2017).

  5. Trucking A Cost-Saver For Yangarra

    The low cost structure Yangarra Resources Ltd. has reported is no accident, chief executive Jim Evaskevich said in Calgary this week, noting that using tankers to move crude oil has helped.

  6. Record Output For Storm In Q1

    Production was a record 16,947 boe per day (17 per cent condensate and NGL), for Storm Resources Ltd. in Q1 a per-share increase of 24 per cent from the first quarter of last year and a per-share increase of 27 per cent from the previous quarter.

  7. TransGlobe Output Climbs For Q1

    TransGlobe Energy Corporation produced an average of 16,731 boe per day during the first quarter of 2017, which was within the full-year 2017 production guidance range of 15,500 to 18,500 and up 39 per cent from the same period of 2016.

  8. Bri-Chem Revenue Rises

    Bri-Chem Corp. generated consolidated revenue of $33.9 million, an increase of 129 per cent from the first quarter in 2016, resulting primarily from higher business activity levels throughout North America.

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