Canada

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

energynow.com

How the Oilpatch and geothermal development can make Canada a global clean energy leader – David Yager

EnergyNow Media


It is clean, green, steady, unlimited and, as an energy source, free.

It employs many of the keys elements of Canada’s oil and gas industry from geophysics to engineering to drilling rigs to tubulars to chemicals to pumps.…

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.…

Source: Reuters

Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies

Reuters


TORONTO – Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest …

Delphi Energy Corp. Announces Continuation of Its Strategic Process Under a Court-Supervised Restructuring Proceeding

Delphi Energy Corp. Announces Continuation of Its Strategic Process Under a Court-Supervised Restructuring Proceeding

Delphi Energy Corp. Announces Continuation of Its Strategic Process Under a Court-Supervised Restructuring Proceeding

Massive oilsands mine Fort Hills could be Alberta’s first victim of the global price war

Massive oilsands mine Fort Hills could be Alberta’s first victim of the global price war

Financial Post


The last major oilsands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic.

Teck Resources Ltd., one of the partners in the Fort Hills project …

April 5, 2020 - 5:04 am Canada, Canada News, Economy, Energy News, International, Oil Sands
Calfrac announces reductions to its 2020 capital program and reduced operating footprint

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

CALGARYMarch 27, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX-CFW) is announcing reductions to its 2020 capital program and North American operating footprint as a result of the rapid and unforeseen deterioration in business …

Canada to Spend $10 Billion to Bail Out its Oil Industry

Canada to Spend $10 Billion to Bail Out its Oil Industry

A major Canadian crude oil benchmark fell sharply on March 19. Western Canadian Select lost half of its already severely depressed price to close at $5.43 per barrel.

March 20, 2020 - 1:28 pm Canada, Crude Oil News, International, 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 (…

Enerflex Provides Capital Expenditure, Dividend, and Operational Update

Enerflex Provides Capital Expenditure, Dividend, and Operational Update

“The uncertainty caused by the COVID-19 pandemic and recent market volatility has significantly changed our growth plans for the year. As stewards of capital, the current environment requires that we take a more defensive position to maintain balance sheet strength …

Validere Raises $15M USD Series A Funding led by Wing VC to Accelerate Supply Chain Efficiencies in the Energy Industry

“Forty trillion dollars of physical oil and gas is traded annually and 3 – 5% of that value evaporates due to opaque and fragmented product quality data,” said Ahmad, CEO at Validere. “As oil changes hands multiple times across the …

March 12, 2020 - 9:00 am Canada, Crude Oil News, Press Releases, Technology
Steam Generators at Cenovus’s Foster Creek

Cenovus responds to low oil prices with reduced 2020 capital spending

Source: Houston Chronicle

Canada’s LNG dreams fade as blockades add new costs to industry

Houston Chronicle


Hopes that Canada could turn into a gas export powerhouse seem to be waning fast.

The current climate for energy investments in the country and the global market for liquefied natural gas are a far cry from October …

March 6, 2020 - 12:00 pm Canada, Closing Bell Story‎, Energy News, LNG, Natural Gas News
CWC Energy Services Corp. Announces Fourth Quarter and Year End 2019 Operational and Financial Results

CWC Energy Services Corp. Announces Fourth Quarter and Year End 2019 Operational and Financial Results

CALGARY, Feb. 28, 2020 /CNW/ – (TSXV: CWC) CWC Energy Services Corp. (“CWC” or the “Company”) announces the release of its operational and financial results for the three months and year ended December 31, 2019. The Financial Statements and Management …

February 28, 2020 - 6:08 pm Canada, Press Releases
TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020

TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today solid financial results which were at the upper-end of its guidance for the three months and year ended December 31, 2019, along with its 2020 outlook.

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
Teck withdraws Regulatory Application for Frontier Project -$1.3 Billion write down

Teck withdraws Regulatory Application for Frontier Project -$1.3 Billion write down

VANCOUVER, British Columbia, Feb. 23, 2020 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) today announced it is withdrawing the Frontier Project from the regulatory review process.

Teck CEO and President Don Lindsay has written to …

February 23, 2020 - 9:21 pm Canada, Climate Change, Finance, Oil Sands, 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
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
Pan Orient Energy Corp Thailand Operations Update

Pan Orient Energy Corp Thailand Operations Update

Pan Orient Energy Corp Thailand Operations Update

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

Africa Oil Announces Completion of Farmin to Block 3B/4B in South Africa and Further Investment in Impact Oil & Gas

Africa Oil Announces Completion of Farmin to Block 3B/4B in South Africa and Further Investment in Impact Oil & Gas

Africa Oil Announces Completion of Farmin to Block 3B/4B in South Africa and Further Investment in Impact Oil & Gas