AltaGas Ltd. and WGL Holdings, Inc. announced today the entering into of a definitive agreement and plan of merger for AltaGas to acquire WGL in an all cash transaction valued at approximately C$8.4 billion.
January 25, 2017, 2:52 PM MST
While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, crude oil and natural gas will remain the main source of supply, accounting for more than 75 per cent in 2035 compared with 86 per cent in 2015, says BP in its 2017 Energy Outlook.
January 25, 2017, 11:41 AM MST
In spite of prolonged low commodity prices, 2016 turned out to be an average year for mergers and acquisitions activity (“M&A”) in the Canadian oil patch. While the nature of transactions may change somewhat, with the worst of the price onslaught apparently behind us, 2017 could end up being a fairly robust year for M&A activity.
January 25, 2017, 8:29 AM MST
Edmonton — Recent actions by the new U.S. administration may have revived TransCanada Corporation’s Keystone XL pipeline, but the project is still far from certain, according to one consultant.
January 25, 2017, 10:23 AM MST
TransCanada Corporation said Tuesday it appreciates United States President Donald Trump’s invitation that it re-apply for a Presidential Permit for the Keystone XL pipeline (DOB, Jan. 24, 2017).
January 25, 2017, 8:54 AM MST
Anger over remarks about Alberta’s oilsands that Prime Minister Justin Trudeau made in a recent Ontario townhall spilled over in Calgary Tuesday during a raucous townhall at the University of Calgary, one of many such meetings Trudeau is convening across the country.
January 25, 2017, 11:05 AM MST
The final cost of the Trans Mountain expansion is expected to be higher than the current estimate of C$6.8 billion, the top executive of proponent Kinder Morgan Inc. said this morning.
January 25, 2017, 10:34 AM MST
The cost to drill, case and complete a horizontal well in Alberta’s prolific Cardium formation dropped significantly this year compared to the prior winter drilling season.
January 25, 2017, 6 AM MST
NRG Divestitures announces Clarke Lake, B.C., asset sale for RockBridge Resources Inc.
January 25, 2017, 7:31 AM MST
After climbing over 16 bcf per day early in 2016, marketable gas production declined to under 15 bcf per day by the spring. In December, it's estimated to have averaged 14.71 bcf per day, according to National Energy Board (NEB) statistics.
January 25, 2017, 7:31 AM MST
Fear of failure, lack of sharing of ideas and an inability to tap into the tech start-up community and transform R&D into commercial products are hampering innovation and productivity improvement in the oil and gas sector, say industry insiders.
January 25, 2017, 6 AM MST
Steel corrosion costs the oil and gas sector between $3 billion and $7 billion in annual maintenance, repairs and replacement, with microbiologically-influenced corrosion responsible for at least 20 per cent, making a new collaborative research project aimed at addressing the issue of microbial-caused pipeline corrosion no small matter.
January 25, 2017, 6 AM MST
January 25, 2017, 6:55 AM MST
PSAC Revised Master Service Agreement Launch on Feb 8th.
January 25, 2017, 8:12 AM MST
The Society of Petroleum Engineers Calgary Section & Economic Society of Calgary (ESC) welcome the Honorable Deron Bilous. The minister will give a presentation to the oil industry where he answers the question: “Is Alberta a Sustainable Place to Invest Capital?”
January 25, 2017, 7:32 AM MST
Yangarra Resources Ltd. has approved an initial capital budget of $50 million for 2017, roughly $20 million higher than the previous year.
January 25, 2017, 6 AM MST
Granite Oil Corp. outlined a capital spending budget of $16.5 million for 2017.
January 25, 2017, 6 AM MST
January 25, 2017, 9:19 AM MST
January 25, 2017, 9:22 AM MST
January 25, 2017, 9:21 AM MST
The Petroleum Services Association of Canada (PSAC) held its 23rd annual STARS & SPURS Gala which has raised over $13 million for the Shock Trauma Air Rescue Society (STARS) since its inception.
January 25, 2017, 9:30 AM MST
The source of the released oil in Saskatchewan and the cause of the release have not been determined, Tundra Energy Marketing Limited (TEML) announced. The company, together with the Petroleum and Natural Gas Division of the Saskatchewan Ministry of Economy, will be working to determine the source and the cause of the spill.
January 25, 2017, 6 AM MST
Cathedral Energy Services Ltd. announced that in connection with its previously announced bought deal financing, the company and the underwriter, GMP FirstEnergy, have agreed to increase the size of the financing due to strong demand.
January 25, 2017, 6 AM MST
January 25, 2017, 8:19 AM MST
January 25, 2017, 8:21 AM MST
January 25, 2017, 6 AM MST
January 25, 2017, 6 AM MST
January 25, 2017, 6 AM MST
January 25, 2017, 9:38 AM MST
Celebrity chef showdown.
January 25, 2017, 10:03 AM MST
January 25, 2017, 10:03 AM MST
January 25, 2017, 9:51 AM MST
January 25, 2017, 8:17 AM MST
January 25, 2017, 8:18 AM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.