With the Kinder Morgan Canada Limited-imposed May 31 deadline fast approaching and with his sights squarely set on B.C. Premier John Horgan, federal Finance Minister Bill Morneau says his government is prepared to indemnify the $7.4 billion Trans Mountain expansion project.
May 16, 2018, 7:30 AM MDT
In a statement following Kinder Morgan Canada Limited’s annual meeting in Calgary today, Steve Kean, chair and CEO acknowledged Finance Minister Bill Morneau’s comments but said only that “while discussions are ongoing, we are not yet in alignment and will not negotiate in public.”
May 16, 2018, 11:44 AM MDT
Canadian oil production held steady in March, near a record 5.2 million bbls/d, despite reports that oilsands producers scaled back output due to steep price discounts for Canadian grades compared to WTI in Cushing, the International Energy Agency (IEA) said in its monthly report on the oil market released today.
May 16, 2018, 6:39 AM MDT
Suncor Energy Inc. has received regulatory approval to conduct a second trial of a higher maximum operating pressure (MOP) strategy on wells at its MacKay River SAGD project.
May 16, 2018, 6 AM MDT
Oilsands producers continued monitoring and testing a variety of new tailings treatment technologies through 2016, the Alberta Energy Regulator (AER) said in a status report published last month.
May 16, 2018, 1:03 PM MDT
InPlay Oil Corp. possibly could increase its capital spending for the year depending on whether strengthening commodity prices persist, heard this week’s annual general meeting.
May 16, 2018, 6 AM MDT
Sayer Energy Advisors has been engaged to assist Keyera Partnership (“Keyera” or the “Company”) with the sale of its natural gas processing plant and associated infrastructure interests in the Nevis area of Alberta (the “Complex”).
May 16, 2018, 7:07 AM MDT
This four-day course utilizes lectures, core workshops and one-day field trip to review the reservoir characteristics, facies heterogeneity and stratigraphic framework of the Montney in subsurface and outcrop with an emphasis on the geological attributes that make the Montney one of North America’s leading resource plays.
May 16, 2018, 6 AM MDT
Evaluate Energy is pleased to announce the launch of its newest product, U.S. Financings.
May 16, 2018, 6 AM MDT
Ritchie Bros. — a global asset management and multi-channel disposition company — is introducing a new solution to customers: Marketplace-E.
May 16, 2018, 6 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 16, 2018, as reported this morning by Rig Locator.
May 16, 2018, 11:37 AM MDT
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May 16, 2018, 3:14 AM MDT
With support from Syncrude, the Tallcree First Nation, the Nature Conservancy of Canada (NCC) and the federal government, Alberta is establishing the world’s largest contiguous area of protected boreal forest.
May 16, 2018, 3:25 AM MDT
TransCanada Keystone Pipeline GP Ltd. is asking the National Energy Board (NEB) to reinstate the company’s International Joint Tariff effective June 1, 2018 with lower rates than in the previous tariff cancelled March 1, 2018.
May 16, 2018, 6 AM MDT
May 16, 2018, 11:28 AM MDT
Altura Energy Inc. is selling its east-central Alberta and Saskatchewan assets for cash consideration of $28.38 million.
May 16, 2018, 6 AM MDT
Surge Energy Inc. announced Tuesday that it has acquired high netback, waterflooded, crude oil producing assets in the company's core Sparky area of central Alberta for a purchase price of $28.4 million.
May 16, 2018, 6 AM MDT
May 16, 2018, 3:08 AM MDT
Renaissance Oil Corp., which has become the largest private sector oil and gas producer in Mexico’s land-based fields, is planning to become much bigger, says a company spokesperson.
May 16, 2018, 4:02 AM MDT
Calgary-based International Frontier Resources Corporation (IFR) has become the second Canadian-based oil and gas company to be producing oil and gas in Mexico, following the positive results from drilling of a workover wells on its Tecolutla block in central Mexico.
May 16, 2018, 10:33 AM MDT
May 16, 2018, 7:56 AM MDT
On May 1, 2018, Cequence Energy Ltd. sold approximately 145 boe/d (90 per cent gas) in the Gordondale area of Alberta for $1.5 million.
May 16, 2018, 7:16 AM MDT
Zargon Oil & Gas Ltd. saw a net loss of $4.33 million in Q1 2018, which is 702 per cent deeper into the red than during the same three-month period last year, largely due to higher royalties, operating expenses and a loss on realized and unrealized derivatives.
May 16, 2018, 9:17 AM MDT
Vertex Resource Group Ltd. reported that revenue increased to $34.7 million or by 60.3 per cent in the first quarter 2018 from $21.7 million for the same quarter of 2017.
May 16, 2018, 9:24 AM MDT
Calfrac Holdings LP, a Delaware limited partnership which is indirectly wholly owned by Calfrac Well Services Ltd., priced an offering of US$650 million aggregate principal amount of its 8.50 per cent senior notes due 2026 at an issue price of 100 per cent of the aggregate principal amount of the notes plus accrued interest from May 30, 2018.
May 16, 2018, 6 AM MDT
Whitecap Resources Inc. received Toronto Stock Exchange (TSX) acceptance for the company’s intention to commence a normal course issuer bid (NCIB).
May 16, 2018, 8:07 AM MDT
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May 16, 2018, 8:12 AM MDT
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