U.S. President Donald Trump on Tuesday signed executive actions to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that American steel should be used for pipelines built in the United States.
January 24, 2017, 9:48 AM MST
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In its January 2017 Short-Term Energy Outlook (STEO), the Energy Information Administration (EIA) expects the Henry Hub natural gas spot price to average $3.55 per mmBtu in 2017 and $3.73 per mmBtu in 2018, both higher than the 2016 average of $2.51. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels.
January 24, 2017, 7:55 AM MST
Drillers of horizontal wells in Northern British Columbia face, by some distance, the highest average day rates for rigs in Western Canada, according to new data.
January 24, 2017, 6 AM MST
Things are cooling off in the Canadian Arctic, at least in terms of offshore oil and gas exploration, which provides researchers an opportunity to study microbial life in the ecosystem to see if it might mitigate disaster in the event of a spill when economics and politics becomes more favourable to offshore drilling in this region.
January 24, 2017, 6 AM MST
The BioFoundry, a research group led by Vikramaditya G. Yadav at the University of British Columbia, and Metabolik Technologies Inc., a start-up company funded by Evok Innovations, have partnered to develop a potential technology platform that could detoxify oilsands process water (OSPW) in an energy efficient and economical manner for industry.
January 24, 2017, 8:29 AM MST
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This comprehensive study targets oilfield services and oil and gas technology firms that aspire to become successful global exporters. The Going Global reports provide the inside intelligence and practical advice and tools needed to excel in this space. The study also offers insight into the probability of Canadian industry competencies gaining successful market traction in each of the countries.
January 24, 2017, 6 AM MST
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Seven Generations Energy Ltd. has published its annual strategic update, a comprehensive report that confirms that its assets are performing as expected.
January 24, 2017, 6 AM MST
Cardinal Energy Ltd. announced a $100 million capital expenditure budget for 2017 that focuses on balance sheet strength, maintaining a significant and sustainable dividend and development of all of its three core areas.
January 24, 2017, 7:08 AM MST
Craft Oil Ltd. has entered into a definitive agreement with Cardinal Energy Ltd. to sell assets (for $41 million, prior to any closing adjustments consisting of approximately $4 million in cash and approximately four million common shares of Cardinal at a deemed price of $9.1727 per Cardinal share.
January 24, 2017, 7:21 AM MST
Petrus Resources Ltd. announced a $50 million to $60 million capital budget for 2017.
January 24, 2017, 7:48 AM MST
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An Alberta Court of Queen’s Bench judge has approved the sale of the assets of insolvent Twin Butte Energy Inc. to privately held Henenghaixin Operating Corp., says FTI Consulting Canada Inc., Twin Butte’s court-appointed receiver.
January 24, 2017, 6 AM MST
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Geoscience BC received $10 million from the provincial government in new funding over two years to support mineral, water and energy earth science research in British Columbia.
January 24, 2017, 6 AM MST
Hyduke Energy Services Inc. announced an up to $10 million marketed private placement.
January 24, 2017, 6 AM MST
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January 24, 2017, 6 AM MST
MEG Energy Corp. has closed its previously announced public offering on a bought deal basis of 66,815,000 subscription receipts, including the 8,715,000 subscription receipts issuable on exercise of the over-allotment option granted by MEG to the underwriters in connection with the offering, at a price of $7.75 per subscription receipt for aggregate gross proceeds from the offering of approximately $517.8 million.
January 24, 2017, 6:48 AM MST
Perpetual Energy Inc. has exchanged approximately $8.4 million aggregate principal amount of its 8.75 per cent senior notes due March 15, 2018 and approximately $9 million aggregate principal amount of its 8.75 per cent senior notes due July 23, 2019 for new 8.75 per cent senior notes having an extended maturity date of Jan. 23, 2022 pursuant to the company's previously announced note exchange proposal.
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