Jupiter Resources Ltd. this afternoon announced a transaction to sell to Tourmaline Oil Corp. in an all-stock transaction valued at approximately $626 million, inclusive of debt.
November 4, 2020, 3:12 PM MST
Kuva Systems provides an industrial-grade, visual and continuous monitoring solution that uses scanning infrared imaging to instantly and automatically detect and measure emissions, providing oil and gas operators with annotated video clips of emission events on-site — an innovation worthy of Emissions Reduction Alberta (ERA) funding.
November 4, 2020, 8:17 AM MST
It was a busy day on the corporate acquisition front as Tourmaline Oil Corp. not only acquired private gas producer Jupiter Resources Inc., but it also picked up Modern Resources Inc. in smaller transaction, loading up on Deep Basin assets.
November 4, 2020, 3:48 PM MST
Keyera Corp. is well positioned to be part of the Alberta and federal governments’ blue hydrogen strategy, creating and producing the product if there is a demand for it, company executives said Wednesday.
November 4, 2020, 2:27 PM MST
November 4, 2020, 11:07 AM MST
Tourmaline Oil Corp.’s 2020 EP capital program has been increased to $835 million from $800 million.
November 4, 2020, 4:17 PM MST
The Canada Energy Regulator (CER) has unanimously determined that a Trans Mountain Pipeline ULC report on a condition of its expansion approval related to an aquifer underlying the Coldwater Indian Reserve No. 1 is complete enough to proceed to a detailed route hearing.
November 4, 2020, 5:08 AM MST
Keyera Corp. says it expects to invest between $400 million and $450 million in growth capital projects in 2021 with the majority focused on KAPS (Key Access Pipeline System) which it had deferred for a year in response to the COVID-19 pandemic.
November 4, 2020, 11:34 AM MST
In the October guidance report, we highlight the Petroleum Services Association of Canada (PSAC) drilling outlook, amongst other activity.
November 4, 2020, 2:14 PM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 4, 2020, as reported this morning by Rig Locator.
November 4, 2020, 11:41 AM MST
During his speech to the Rural Municipalities of Alberta (RMA) 2020 Fall Convention on Wednesday, Premier Jason Kenney acknowledged “there has been friction” between the province and RMA with regards to the linear tax assessment model review, but nonetheless this review has been essential for all stakeholders concerned.
November 4, 2020, 2:56 PM MST
Rake Resources Ltd. (“Rake” or the “Company”) has engaged Sayer Energy Advisors to assist it with a sale of the shares of the Company.
November 4, 2020, 9:06 AM MST
Fighting for Alberta’s oil and gas industry is key to the province, including its rural parts, which is why Premier Jason Kenney believes his government made a “critical investment” when putting up a $1.5 billion equity investment earlier this year and a $6 billion loan guarantee in 2021 towards TC Energy Corporation’s Keystone XL pipeline project.
November 4, 2020, 3 PM MST
November 4, 2020, 11:15 AM MST
STEP Energy Services Ltd. has increased its 2020 maintenance capital budget by $2 million to $17.5 million, doing so in response to increased activity in the third quarter and expected activity in the fourth quarter.
November 4, 2020, 5:52 AM MST
The Canada Energy Regulator (CER) has approved an application from Westcoast Energy Inc. for the $25 million Silverstar project which includes additional metering capability at its existing Sunset Creek compressor station (CS-16), providing an additional outlet for natural gas on the T-North system.
November 4, 2020, 2:21 PM MST
Pine Cliff Energy Ltd. expects its capital expenditure program for 2020 will total $7.6 million, lower than guidance of $10.2 million, with the drilling of one (1.0 net) Pekisko oil well in Central Alberta being deferred at this time.
November 4, 2020, 12 AM MST
Surge Energy Inc. and its service providers submitted more than 1,700 applications under the Government of Alberta's Site Rehabilitation Program (SRP) to abandon and reclaim well bores, pipelines and well sites.
November 4, 2020, 12 AM MST
Canadian Spirit Resources Inc. has revised the terms of its previously announced non-brokered private placement offering of units to up to $1.6 million by amending the terms of the units such that each unit will now consist of one common share in the capital of the company and one common share purchase warrant.
November 4, 2020, 6:51 AM MST
The federal government is proceeding with the development and implementation of a follow-up program for the Regional Assessment of Offshore Oil and Gas Exploratory Drilling East of Newfoundland and Labrador, which will track and report on the progress of commitments outlined in the ministerial response to the regional assessment committee's report.
November 4, 2020, 10:44 AM MST
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November 4, 2020, 8 AM MST