Canada

Westcoast Wins Right to Service Natural Gas Flow for LNG Canada with NGTL

Westcoast Wins Right to Service Natural Gas Flow for LNG Canada with NGTL

NGI


Oil & Gas 360 Publishers Note: We have been tracking delays and interference in the ability for companies to build pipelines. It is nice to share good news once and a while. 

Enbridge Inc. has won a contest with …

Petrus Resources Announces Extension to Credit Agreement

CALGARY, Alberta, July 13, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the …

July 13, 2020 - 9:01 pm Canada, Canada News, Finance, 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 …

Source: Fox Business

US negotiates North American rival to OPEC as Trump trade deal takes effect

FOXBusiness.com


Publisher’s Note:  Much to the irritation of OPEC and world-wide national oil states, American innovations in hydraulic fracturing, horizontal drilling and seismic technology have all contributed to the Shale Revolution and has enabled the US energy industry to become

Paramount Resources Ltd. announces amended credit facility

Paramount Resources Ltd. announces amended credit facility

Oil and Gas 360


CALGARY, ABJune 30, 2020 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce that it has successfully completed amendments to its senior secured revolving bank credit facility (the …

June 30, 2020 - 1:00 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
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
Obsidian Energy Provides Corporate and Operational Update

Obsidian Energy Provides Corporate and Operational Update

CALGARY, ABJune 22, 2020 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide a corporate and …

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.

Courtesy of PetroShale

PetroShale Announces Financial and Operating Results for First Quarter 2020 and Provides Financial Update

CALGARYMay 27, 2020 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three month period ended March 31, 2020.

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

CALGARYMay 27, 2020 /CNW/ – Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us”or the “Company”) (TSX, LSE: TXP) announces that its indirect wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into escrow arrangements for a US$20 million

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 …

Tamarack Valley Energy Ltd. Announces 2020 First Quarter Results and Ongoing Value Preservation and Cost Cutting Focus

Tamarack Valley Energy Ltd. Announces 2020 First Quarter Results and Ongoing Value Preservation and Cost Cutting Focus

Calgary, Alberta–(Newsfile Corp. – May 12, 2020) – Tamarack Valley Energy Ltd. (TSX: TVE) (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2020.

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 …

Heavy equipment mover soil on one of the mounds as Rio Tinto Kennecott officials talk about their work to reclaim land after the closer of the Barney’s Canyon gold on Tuesday

COVID-19 disrupts global supply of critical minerals

Deseret News


Oil & Gas 360 Publishers Note: This article from the Deseret News has a lot of golden nuggets tucked away throughout the post. (1) Some members of Congress are starting to realize that we cannot rely on other