Canada News

Source: Reuters

TC Energy to start work on Keystone XL pipeline after Alberta commits $1.1 billion

Reuters


TC Energy Corp said on Tuesday it would proceed with the construction of the long-delayed $8 billion Keystone XL pipeline project after securing a $1.1 billion equity investment from the Alberta government, extending a lifeline to Canada’s oil sands …

March 31, 2020 - 12:30 pm Canada News, Crude Oil News, Energy News, Pipeline News

PetroShale Announces 2019 Financial and Operating Results

CALGARYMarch 26, 2020 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three and twelve month periods ended December 31, 2019.

March 26, 2020 - 11:25 pm Canada News, Press Releases

Jupiter Resources Requests Shareholders Attend AGM By Teleconference Only Given COVID-19 Concerns

CALGARYMarch 19, 2020 /CNW/ – Jupiter Resources Ltd. and its affiliates (collectively, “Jupiter” or the “Company”) request that shareholders wishing to attend the annual general meeting of shareholders of Jupiter (the “AGM”), scheduled for 9:00 a.m. MT (…

Source: Houston Chronicle

‘Nail in the coffin’: Era of big oil sands mines may be over

Houston Chronicle


Canada’s oil sands industry may have already built its last big mine.

The cancellation of Teck Resources Ltd.’s Frontier project in northern Alberta — which envisaged producing more crude than OPEC member Gabon — epitomizes the struggles of …

February 25, 2020 - 11:00 am Canada News, Closing Bell Story‎, Energy News, Oil Sands
Slawson Exploration Company, Inc., North Dakota Bakken activity. Precision Drilling rig 645 on the Pike Federal 1-3-2H.

Chinook Energy Inc. Announces Plan of Arrangement

Calgary, Alberta–(Newsfile Corp. – February 24, 2020) – Chinook Energy Inc. (TSX: CKE) (“Chinook” or the “Company”) is pleased to announce today that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Tourmaline Oil Corp. …

Capital Power reports excellent fourth quarter and year-end 2019 results

Capital Power reports excellent fourth quarter and year-end 2019 results

Excellent year highlighted by record cash flow generation

EDMONTON, Alberta, Feb. 24, 2020 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended December 31, 2019.

 Fourth Quarter and Annual Highlights

  • Completed the 202-megawatt
Inter Pipeline Announces 2019 Financial and Operating Results

Inter Pipeline Announces 2019 Financial and Operating Results

CALGARYFeb. 20, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) today announced financial and operating results for the three and twelve-month periods ended December 31, 2019.

February 20, 2020 - 5:03 pm Canada News, Earnings, Finance, Pipeline News, Press Releases
Pattern Energy Board of Directors Reiterates Recommendation that Stockholders Vote “FOR” Proposed Canada Pension Plan Investment Board Transaction

Pattern Energy Board of Directors Reiterates Recommendation that Stockholders Vote “FOR” Proposed Canada Pension Plan Investment Board Transaction

SAN FRANCISCOFeb. 19, 2020 /CNW/ — Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) (“Pattern Energy” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) reiterated its recommendation that stockholders vote “FOR” the proposals …

February 19, 2020 - 9:17 am Canada, Canada News, Finance, International, Press Releases
Source: Reuters

Canada’s Trudeau scraps Barbados trip to try to resolve anti-pipeline protests

Reuters


TORONTO – Canadian Prime Minister Justin Trudeau has canceled his planned trip to Barbados to help resolve widespread rail disruptions caused by indigenous rights activists opposing the construction of a natural gas pipeline, his office said on Sunday.

Indigenous …

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Fort McKay Group of Companies continues to expand with acquisition of Birch Mountain Enterprises

Canadian Propane Association urges federal and provincial governments to act immediately

Canadian Propane Association urges federal and provincial governments to act immediately

February 14, 2020 - 2:51 pm Canada, Canada News, Press Releases
Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America;

Enbridge Files 2019 Year End Disclosure Documents

Enbridge Files 2019 Year End Disclosure Documents

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America;

Enbridge Inc. Reports Strong Fourth Quarter and Full Year 2019 Results

Enbridge Inc. Reports Strong Fourth Quarter & Full Year 2019 Results

Touchstone Exploration discovers oil and gas deposit onshore Trinidad

Touchstone Exploration discovers oil and gas deposit onshore Trinidad

Offshore Technology


Canada-based Touchstone Exploration has announced results from the first tests on a liquids-rich gas deposit in Trinidad and Tobago.

Touchstone Exploration discovers oil and gas deposit onshore Trinidad-oilandgas360

Tests on the Cascadura-1ST1 well gave an average flow of 5,180 barrels of oil equivalent per day (boe/d).…

Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion

Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion

BIC Magazine


The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.

Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion - oilandgas360

Trans Mountain Corporation …

February 10, 2020 - 2:05 pm Canada, Canada News, Closing Bell Story‎, Pipeline News
Canadian construction labour demand to intensify over short term; will require more than 300,000 new workers over decade

Canadian construction labour demand to intensify over short term; will require more than 300,000 new workers over decade

Canadian construction labour demand to intensify over short term; will require more than 300,000 new workers over decade

Source: Reuters

Canada readies aid for Alberta as deadline for massive oil sands project nears: sources

Reuters


OTTAWA (Reuters) – Canada is preparing an aid package for Alberta, heart of the country’s struggling oil industry, that would help dull the pain if it blocks an oil sands project that could create thousands of jobs, sources familiar …

February 7, 2020 - 2:00 pm Canada News, Energy News, International, Oil Sands
Source: Reuters

Enbridge Line 3 oil pipeline clears hurdles with Minnesota regulator

Reuters


WINNIPEG, Manitoba – Enbridge Inc’s Line 3 pipeline replacement cleared important hurdles on Monday when a Minnesota regulator endorsed a revised environmental impact statement for the project.

The Minnesota Public Utilities Commission’s decision, followed by its approval of a …

Talks break off between Unifor and Co-op

Talks break off between Unifor and Co-op

Talks break off between Unifor and Co-op

February 1, 2020 - 11:30 am Canada News, Downstream, International, Press Releases
Source: Reuters

Prospects advance for Canada’s oil pipelines, but hurdles remain

Reuters


WINNIPEG, Manitoba – Prospects for expanding pipelines to move Canadian oil to markets have brightened, but plenty of hurdles remain for the Canadian sector, which has struggled for years with low prices and a glut in storage due to …

Source: Reuters

Imperial Oil’s quarterly profit beats estimates on higher crude prices

Reuters:


Canada’s Imperial Oil Ltd (IMO.TO) edged past quarterly profit estimates on Friday, benefiting from a recovery in Canadian crude prices following Alberta’s mandated production cuts.

The company, which recently appointed Exxon veteran Brad Corson as CEO, said …

TransGlobe Energy Corporation Announces a Canadian Operations Update

TransGlobe Energy Corporation Announces a Canadian Operations Update

Central Ridge Exploration Drilling Project – Public Comments Invited

Central Ridge Exploration Drilling Project – Public Comments Invited

Central Ridge Exploration Drilling Project – Public Comments Invited

January 23, 2020 - 2:03 pm Canada, Canada News, Offshore, Press Releases

Trakopolis Announces Closing of Sale of Substantially All Assets

Trakopolis Announces Closing of Sale of Substantially All Assets

Enerplus announces executive leadership retirement and new Chief Operating Officer

Enerplus announces executive leadership retirement and new Chief Operating Officer

Oil and Gas 360


CALGARYJan. 16, 2020 /CNW/ – Enerplus Corporation (“Enerplus”) (TSX & NYSE: ERF) today announced the retirement of Ray Daniels as Senior Vice President, Operations, People & Culture after more than 35 years in the …

January 16, 2020 - 12:30 pm Canada News, Closing Bell Story‎, Energy News, People, Press Releases
MEG Energy Announces Preliminary 2019 Fourth Quarter and Full-Year Financial and Operating Data

MEG Energy Announces Preliminary 2019 Fourth Quarter and Full-Year Financial and Operating Data

MEG Energy Announces Preliminary 2019 Fourth Quarter and Full-Year Financial and Operating Data

Canadian drillers add most rigs in a week in five years

Canadian drillers add most rigs in a week in five years

BoeReport


Energy firms in Canada boosted the number of rigs drilling for oil and natural gas last week by the most since January 2015 as producers returned en masse from Christmas breaks to take advantage of rising crude prices.

Canadian drillers add most rigs in a week in five years - oilangas360

Drillers …

Kimbell Royalty Partners’ $175 Million Mineral and Royalty Acquisition of Springbok

Kimbell Royalty Partners’ $175 Million Mineral and Royalty Acquisition of Springbok

Global Legal Chronicle


Baker Botts L.L.P. represented Kimbell in the acquisition. Willkie Farr & Gallagher advised Springbok Energy Partners, LLC and Springbok Energy Partners II, LLC in the transaction.

Kimbell Royalty Partners, LP (“Kimbell”) has agreed to acquire the mineral …

January 13, 2020 - 8:42 pm Canada News
PetroTal Announces 2019 Year-end Oil Production of 13,300 bopd

PetroTal Announces 2019 Year-end Oil Production of 13,300 bopd

PetroTal Announces 2019 Year-end Oil Production of 13,300 bopd

Enbridge Pipeline Crews

Canada needs more pipeline takeaway capacity

Energyindepth


“[I]n 2018, the revenue that was lost due to capacity constraints in 2018 alone was roughly CA $20.6 billion.”

As oil and natural gas production has increased across North America, so too has the need for greater pipeline capacity …