Canada News

Delphi Energy Corp. Announces Receipt of Creditors’ Meetings Order

CALGARY, Alberta, July 10, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi …

July 11, 2020 - 5:34 am Bankruptcy, Canada News, Press Releases
First Cobalt Announces Filing of Refinery Study

First Cobalt Announces Filing of Refinery Study

First Cobalt Announces Filing of Refinery Study Canada NewsWire TORONTO, July 10…

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Tamarack Valley Energy Announces Strategic Asset Acquisition in West Central, Alberta & Updated 2020 Pro Forma Guidance

Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Million Capital Investment by Kiwetinohk Resources Corp.

Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Million Capital Investment by Kiwetinohk Resources Corp.

Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Millio…

July 6, 2020 - 12:58 pm Bankruptcy, Borrowing Base, 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;

Line 5 shutdown and what that means for Canadians

BOE


Oil & Gas 360 Publisher’s Note – This is an excellent example of the courts taking one side of the energy market and hurting many people. This is a bad short term decision, and is bad for Canada and

Record debts come due for Canadian oil patch after five years of crisis

Record debts come due for Canadian oil patch after five years of crisis

BOE Report


Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion.

But by last month, Calfrac’s market value had collapsed to just C$23 million and it …

Oil Riggersn/a

No near end for Canada’s oil and gas reliance: report

Toronto Sun


Canada will be reliant on oil and gas for “years to come”, according to the Department of Employment.

A report published by Blacklock’s Reporter says the oil industry remains “fundamental” even as cabinet subsidizes electric cars and taxes …

Enbridge Responds to Temporary Ruling on Line 5 Operations

Enbridge Responds to Temporary Ruling on Line 5 Operations

CALGARY, AB and LANSING, MIJune 25, 2020 /CNW/ -Today a Michigan Circuit Court issued a Temporary Restraining Order requiring Enbridge (TSX: ENB) (NYSE: ENB) to shut down Line 5 through the Straits of Mackinac within 24 hours until …

June 25, 2020 - 6:20 pm Canada, Canada News, Pipeline News, Press Releases
Higher Western Canada spot prices limit U.S. natural gas imports from Canada

Higher Western Canada spot prices limit U.S. natural gas imports from Canada

EIA


U.S. imports of natural gas by pipeline at U.S.-Canada border crossings in the western United States fell to an estimated average of 6.2 billion cubic feet per day (Bcf/d) in April and 6.3 Bcf/d in May 2020, according to …

BC Ferries’ Hybrid-electric Newbuilds Enter Service – A new update to a proven technology for WWII submarines

BC Ferries’ Hybrid-electric Newbuilds Enter Service – A new update to a proven technology for WWII submarines

MarineLink


Oil & Gas Publishers Note: Have you ever been on a WWII submarine, or met one of the veterans that served on them? The diesel-electric hybrid submarines played a critical role in defeating the Axis Powers. I would love

Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

Enbridge


CALGARY – Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices.

The Calgary-based pipeline company announced in May it …

June 17, 2020 - 7:23 pm Canada, Canada News, Economy, Jobs
Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

June 15, 2020 - 6:00 am Canada, Canada News, Oilfield Services, Press Releases
Canada is the largest source of U.S. energy imports

Canada is the largest source of U.S. energy imports

EIA


Oil & Gas Publishers Note: I still believe that creating and using a North America Oil Producers Trade Consortium used instead of OPEC would be a great boost for our economy and national security. Why play in the Russia

360 Energy Expert Network Preview: A Stranded Nation – by Heidi McKillop

360 Energy Expert Network Preview: A Stranded Nation – by Heidi McKillop

Oil and Gas 360


Publisher’s Note: Please join us Monday, June 8, 2020 on The 360 Energy Expert Network  for our exclusive “A Stranded Nation”  by Heidi McKillup Interview.

The environment is arguably the most debated topic of modern Canadian …

Kelt Announces Extension of Credit Facility Re-Determination

Calgary, Alberta–(Newsfile Corp. – June 2, 2020) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) announced today the extension of the revolving period applicable to the Company’s existing $350 million revolving credit facility, to July 15, 2020. The …

June 2, 2020 - 5:30 pm Canada, Canada News, Finance, Press Releases
Zargon Oil & Gas Ltd. Provides 2020 First Quarter Results

Zargon Oil & Gas Ltd. Provides 2020 First Quarter Results

CALGARY, Alberta, June 02, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has released its 2020 first quarter financial results.

Gathering limits make it a ‘great time to be building a pipeline:’ Alberta Minister Sonya Savage

Gathering limits make it a ‘great time to be building a pipeline:’ Alberta Minister Sonya Savage

The Canadian Press


Oil & Gas Publisher’s Note: Some things are just funny…..

EDMONTON — Alberta’s energy minister says it’s a good time to build a pipeline because public health restrictions limit protests against them.

Sonya Savage made the comment …

May 25, 2020 - 6:36 pm Canada, Canada News, Pipeline News
Hillcrest Re-Starts Oil Production Early

Hillcrest Re-Starts Oil Production Early

May 25, 2020 – TheNewswire – Vancouver, B.C. – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) (TSXV:HRH) (OTC:HLRTF) is pleased to announce production from the Saskatchewan based West Hazel assets re-commenced on May 19th, 2 weeks earlier than originally anticipated. …

Alberta rescinds regulations — Will allow open-pit coal mines

Alberta rescinds regulations — Will allow open-pit coal mines

Digital Journal


The Alberta provincial government is changing its coal policies in a move it says is intended to make it easier to develop open-pit coal mines in one of the province’s most sensitive areas.
“Government is placing a strong …

May 24, 2020 - 7:57 pm Canada, Canada News, Coal News, International
Canadians want to seize opportunity in Critical Minerals

Canadians want to seize opportunity in Critical Minerals

OTTAWAMay 13, 2020 /CNW/ – Today, the Mining Association of Canada (MAC) released a new national poll, which highlights public enthusiasm for Canada to grow market share as a preferred global supplier of critical minerals, based on …

Source: Keystone-XL

Judge mostly upholds ruling against pipeline permit

A federal judge on Monday ruled largely in favor of upholding an earlier court’s decision to prevent the U.S. Army Corps of Engineers from using a fast-track approval permit to construct the Keystone XL tar sands pipeline without conducting new …

Source: Reuters

Long-suffering Canadian oilpatch faces ‘biggest existential crisis’ yet

Reuters


Canada’s oil patch has endured five years of existential threats that have pruned weaker companies, but now its strongest firms are trying to navigate the coronavirus pandemic, which has set off the worst crisis in the oil industry in …

Canadian Natural swings to loss, slows output as oil prices slump

Canadian Natural swings to loss, slows output as oil prices slump

Reuters


Canadian Natural Resources Ltd (CNQ.TO) posted a quarterly loss on Thursday compared with a year-ago profit, hurt by the sharp decline in oil prices caused by the novel coronavirus outbreak and a price war between Saudi Arabia …

HSBC Bank Canada First Quarter 2020 Results

HSBC Bank Canada reported operating income for the quarter of $546m, an increase of $1m or 0.2% compared with the first quarter of 2019. Building on the momentum from last year, we continued to grow our businesses and deepen …

April 28, 2020 - 12:15 am Canada, Canada News, Economy, Finance, Press Releases

Journey Energy Inc. Provides Corporate Update

CALGARYApril 27, 2020 /CNW/ – Journey Energy Inc. (JOY – TSX; JRNGF – OTCQX) (“Journey” or the “Company“) announces an update to its operations and credit facility.

The world oil price took a sharp …

Azarga Uranium Well Positioned to Benefit from Nuclear Fuel Working Group Plans to Revive and Strengthen U.S. Uranium Mining Industry

Azarga Uranium Well Positioned to Benefit from Nuclear Fuel Working Group Plans to Revive and Strengthen U.S. Uranium Mining Industry

VANCOUVER, BC / ACCESSWIRE / April 24, 2020 / AZARGA URANIUM CORP. (TSX:AZZ)(OTCQB:AZZUF)(FRA:P8AA) (“Azarga Uranium” or the “Company”) is pleased to announce that the United States Nuclear Fuel Working Group (“NFWG”) has released its report detailing the Strategy to Restore …

April 24, 2020 - 7:00 am Canada, Canada News, Nuclear, Press Releases

CNL & Moltex Energy Partner on SMR Fuel Research

CNL & Moltex Energy Partner on SMR Fuel Research

CHALK RIVER, Ontario, April 23, 2020 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, is pleased to announce that it has entered into a collaboration …

April 23, 2020 - 10:00 am Canada, Canada News, Nuclear, Press Releases
Bellatrix Announces Sale Transaction in Connection with its Strategic Process

Bellatrix Announces Sale Transaction in Connection with its Strategic Process

360 News Wire


CALGARY, Alberta, April 23, 2020 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a sale transaction (the “Transaction”) pursuant to which Return Energy Inc. (to be renamed Spartan

Canada attaches stricter environmental rules to oilfield support funds

Canada attaches stricter environmental rules to oilfield support funds

WorldOil


OTTAWA (Bloomberg) –Canada’s plan to spend $1.2 billion to help clean up the country’s derelict oil wells comes with strings attached: tougher environmental rules for the energy-rich province of Alberta. “We’ve been urging the Trudeau government to bail out

Source: Reuters

Canada offers C$2.5 billion in aid for hard-hit energy sector, plans to expand credit

Reuters


OTTAWA – Canada will invest around C$2.5 billion ($1.8 billion) in measures to help the hard-hit oil and gas industry and is working to ensure vulnerable firms have access to more credit, Prime Minister Justin Trudeau said on Friday.…