Headlines for Nov. 14, 2017

  1. U.S. Tight Oil Growth Projected To Rise At Record Rates: IEA

    The International Energy Agency (IEA) is projecting an eight million bbl/d rise in U.S. tight oil output from 2010 to 2025, a figure it says would “match the highest sustained period of oil output growth by a single country in the history of oil markets.”

  2. Global Natural Gas Glut Expected To Persist, IEA Says

    The International Energy Agency (IEA) says the structural oversupply in the global natural gas market is set to persist in the coming years as nearly 140 billion cubic metres (bcm) of liquefaction capacity currently under construction becomes operational, mostly in the United States and Australia.

  3. TAQA North Property Divestiture

    Sayer Energy Advisors has been engaged to assist TAQA North an Alberta Partnership, by its Managing Partner TAQA North Ltd. (“TAQA” or the “Company”) with the sale of its oil and natural gas properties located in the Drumheller and Northeast Alberta areas.

  4. Raymond James Announces Manitok Assets For Sale

    Raymond James Ltd. has been engaged to assist Manitok Energy Inc. with the sale of all of its producing properties, undeveloped acreage and related assets. The properties are located in west central and southeastern Alberta.

  5. McKenna Touts Canadian Leadership Role At Global Climate Conference

    Canada’s environment and climate change minister who is attending a United Nations climate conference in Bonn, Germany says there is “huge momentum” in terms of moving forward on the Paris agreement under which countries have agreed to limit their greenhouse gas emissions.

  6. Sponsored Content: Do You Know Where Your Data Is?

    Divestco is proud to announce the launch of an exciting new Data Management module for GeoCarta, our powerful GIS based mapping software that lets project teams explore, analyze, filter, map and extract public and proprietary data.

  7. Cona Estimates $61.5 Million Capex For 2018; Company Releases Q3 2017 Results

    Cona Resources Ltd. intends to spend about $61.5 million in 2018, directing $42 million towards enhanced oil recovery (EOR) and infill drilling of 29 wells, as well as $16 million on other drilling towards 25 wells, maintaining production guidance of 17,400 boe/d for next year, which is on par with this year’s guidance.

  8. Chinook Reports Lower Q3 Output Due To Gas Plant Turnaround

    Chinook Energy Inc. reported average third quarter production of 2,776 boe/d, a decrease of 24 per cent from the previous quarter, primarily due to a longer-than-scheduled turnaround at the Enbridge McMahon gas plant that restricted July volumes.

  9. Petrus Funds Flow Rises For Q3

    Petrus Resources Ltd. generated funds flow of $7.73 million in the three months ended Sept. 30, 2017, a 30 per increase from the $5.94 million generated in the third quarter of 2016.

  10. Tidewater Working With Producers On Egress Options

    The third quarter of 2017 saw continued volatility in the AECO gas price as well as restrictions on TransCanada Corporation’s Canadian Mainline where producers at times struggled to get their gas to market, noted Tidewater Midstream and Infrastructure Ltd.

  11. Teine Appoints COO

    Teine Energy Ltd.  appointed Paul Ringrose as senior vice-president and chief operating officer.

  12. STEP In $65 Million Secondary Offering Of Common Shares

    STEP Energy Services Ltd. announced that the limited partnerships comprising ARC Energy Fund 6 and ARC Energy Fund 8 have entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets as sole bookrunner and Peters & Co. Limited as co-lead underwriter.

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