One or two more rigs have come back into service most days this week — with a total of 109 rigs at work in Western Canada on Friday morning — with an increase of activity in Saskatchewan moving overall counts higher.
The methane emissions framework Canada’s environment minister rolled out Thursday is a default regime that will bind Canada’s petroleum-producing provinces only if they fail to enact similar regimes or do so without meeting federal standards, feedback from industry executives suggest.
The growth of the Montney and the increasingly tight takeaway capacity will create some “big, big opportunities” for Tidewater Midstream and Infrastructure Ltd. with its planned storage, says its chief executive.
While the Orphan Well Association’s (OWA) inventory of wells for abandonment has soared in recent months as a result of the downturn, it could actually see cost efficiencies due to economies of scale, says the chair of the association.
Although Kinder Morgan, Inc.’s final investment decision on the $7.4 billion Trans Mountain expansion announced Thursday is conditional on a successful initial public offering, (DOB, May 25, 2017), that doesn’t appear to be a major concern.
Ikkuma Resources Corp. has completed a financing with Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, providing for a $45 million second lien senior secured term loan, which bears annual interest at 7.25 per cent and matures on March 31, 2022.
Mazatlan — The rush to take part in the transport, storage and marketing of petroleum products in Mexico is gathering steam, despite well publicized fuel thefts from pipelines owned by former monopoly integrated energy company Petroleos Mexicanos (Pemex).
The Alberta Securities Commission (ASC) announced that the lieutenant governor in council has appointed Trudy Curran, Karen Kim and James Oosterbaan, as ASC members, each for a three-year term expiring on March 31, 2020.
North American Energy Partners Inc. announced that the Toronto Stock Exchange has approved the increase to the number of common shares the company is authorized to purchase under its normal course issuer bid (NCIB), commencing June 1 2017, by 838,119 common shares.
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