Canada

Canada PM Trudeau Approves $27 Billion Petronas LNG Project in BC

Canada PM Trudeau Approves $27 Billion Petronas LNG Project in BC

From The Register-Guard

TORONTO — Canadian Prime Minister Justin Trudeau approved Tuesday a $27 billion liquefied natural gas project on British Columbia’s northwest coast in a decision that’s considered a litmus test for a government that has vowed to do …

September 29, 2016 - 10:29 am Canada, Closing Bell Story‎, Energy News
Canadian Crude Oil Exports Up from 2015

Canadian Crude Oil Exports Up from 2015

Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD

Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according

September 27, 2016 - 6:18 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Manitok Energy Achieves Highest Production Rate in Two Years, More Wells to Come Online

Manitok Energy Achieves Highest Production Rate in Two Years, More Wells to Come Online

Manitok Energy produced 4,825 BOEPD even with production down time at Stolberg

Manitok Energy (ticker: MEI) announced Monday that the company’s production averaged 4,825 BOEPD from September 1, 2016 to September 19, 2016 (40% light crude and NGLs), the highest …

September 26, 2016 - 5:07 pm 360 Profile Company, Canada, Oil and Gas 360 Articles
Encana Completes US$1 Billion Offering of Common Shares

Encana Completes US$1 Billion Offering of Common Shares

Encana Corporation (ticker: ECA) announced today the completion of its public offering (“Offering”) of 107,000,000 common shares (“Shares”) of Encana at a price of US$9.35 per Share, for gross proceeds to Encana of approximately US$1 billion. In connection with …

September 23, 2016 - 3:03 pm Canada, Closing Bell Story‎, Energy News
Blackbird Energy Receives Final Approval for Acquisition

Blackbird Energy Receives Final Approval for Acquisition

Approved: Blackbird Energy will be 10% minority interest owner in completions technology and services company

Blackbird Energy (ticker: BBI) announced Thursday that the company received final approval from the TSX Venture Exchange for its proposed acquisition of an indirect 10% …

Manitok Announces Successful Completion of Lithic Glauc Exploration Well in SE Alberta

Manitok Announces Successful Completion of Lithic Glauc Exploration Well in SE Alberta

Exploration Wells at Rockyford Successfully Producing, Cleanout Ongoing

Manitok Energy (ticker: MEI) announced initial production rates from a successfully drilled horizontal Lithic Glauconitic exploration well in the Rockyford area of Southeastern Alberta. The company also announced that it spud a …

British Columbia’s September Land Sale Nets $2.8 Million

British Columbia’s September Land Sale Nets $2.8 Million

February’s Zero Sales Fades Further Away

The results of British Columbia Ministry of Natural Gas September Development Land Sale are in. Sixteen of the 19 drilling licenses up for sale were sold.

CAD $2,774,083.54 of gross bonuses were spent on …

September 15, 2016 - 6:39 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
B.C. NatGas Export Volumes Climb, but Value Sinks

B.C. NatGas Export Volumes Climb, but Value Sinks

From the Dawson Creek Mirror

British Columbia exported more natural gas during the first half of 2016 than it did during the same period the year before, but the increase failed to make up for stubbornly low commodity prices.

Natural …

September 12, 2016 - 3:17 pm Canada, Closing Bell Story‎, Energy News
Canada Needs New Energy Pipelines, Bond Rating Agency Says

Canada Needs New Energy Pipelines, Bond Rating Agency Says

Canadian energy will remain landlocked and the industry will lose potential overseas customers if the country doesn’t build new pipelines, says a new DBRS report.

More than 90 per cent of Canada’s crude oil is exported to the United States, …

September 12, 2016 - 9:22 am Canada, Closing Bell Story‎, Energy News
Canada’s Economy Shrinks 1.6% in Q2, Worst Since 2009 Crisis

Canada’s Economy Shrinks 1.6% in Q2, Worst Since 2009 Crisis

From CBC News

Alberta fires caused oilsands production shutdowns, mass evacuations

Canada’s economy shrank in the second quarter as it dealt with the fallout from this spring’s devastating wildfires in northern Alberta, Statistics Canada confirmed today.

On an annualized basis, …

August 31, 2016 - 11:03 am Canada, Closing Bell Story‎
Montney Player Blackbird Energy: an Exclusive Interview with CEO Garth Braun

Montney Player Blackbird Energy: an Exclusive Interview with CEO Garth Braun

Blackbird: looking at 2 tons per linear meter, coarser proppant, 40 stages

Blackbird Energy (ticker: BBI) is a technology-focused oil and gas exploration and development company working in the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. Blackbird holds …

Manitok Energy and Raimount Energy Announce Closing of Arrangement

Manitok Energy and Raimount Energy Announce Closing of Arrangement

Manitok Energy and Raimount Energy Announce Closing of Arrangement and Manitok Energy Announces Closing of Non-Brokered Subscription Receipt Financing and Appointment of Director

Manitok Energy Inc. (“Manitok“) (TSX VENTURE:MEI) and Raimount Energy Inc. (“Raimount“) (TSX VENTURE:RMT) …

August 24, 2016 - 12:22 pm 360 Profile Company, Canada
Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada hopes to attract greater foreign investment with lower political risk and a skilled workforce

Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. …

Is the Montney the Next Marcellus?

Is the Montney the Next Marcellus?

Juan Jarrah, Oil & Gas Equity Research Associate at TD Securities, and Chris Snyder, Senior Director of Environmental Risk Management for Corporate Credit Canada at CIBC spoke at The Oil & Gas Conference® 21 last week in Denver.

The topic …

Newalta Corporation – Day One Breakout Notes

Newalta Corporation – Day One Breakout Notes

Newalta Corporation presents at EnerCom’s The Oil & Gas Conference®

 During Newalta Corporation’s breakout session, management was asked the following questions:

  •  The business model you have – serving three from one facility – couldn’t your competitors do the same thing?
August 18, 2016 - 11:27 am Canada, Closing Bell Story‎, Oil and Gas 360 Articles, TOGC21
Crescent Point Energy – Day Three Breakout Notes

Crescent Point Energy – Day Three Breakout Notes

Crescent Point Energy presents at EnerCom’s The Oil & Gas Conference®

 During Crescent Point Energy’s breakout session, management was asked the following questions:

  • What formations are you targeting in Uinta?
  • Can you touch on the market in Uinta?
  • How many
August 17, 2016 - 4:04 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles, TOGC21
Strategic Oil and Gas– Day Two Breakout Notes

Strategic Oil and Gas– Day Two Breakout Notes

Strategic Oil and Gas presents at EnerCom’s The Oil & Gas Conference®

During Strategic Oil and Gas’ breakout sessions, management was asked the following questions:

  • Are minerals bought or leased in Canada? What are drilling obligations?
  • Do you owns oil
Painted Pony Petroleum– Day Two Breakout Notes

Painted Pony Petroleum– Day Two Breakout Notes

Painted Pony Petroleum presents at EnerCom’s The Oil & Gas Conference®

During Painted Pony’s breakout sessions, management was asked the following questions:

  • Birchcliff did a big acquisition in the Montney is that something that you would consider?
  • Have you looked
Birchcliff Energy – Day Two Breakout Notes

Birchcliff Energy – Day Two Breakout Notes

Birchcliff Energy presents at EnerCom’s The Oil & Gas Conference®

During Birchcliff’s breakout sessions, management was asked the following questions:

  • Post Gordondale acquisition what price are you expecting in order to fund development from cash flow?
  • Where do you expect
Blackbird Energy – Day Two Breakout Notes

Blackbird Energy – Day Two Breakout Notes

Blackbird presents at EnerCom’s The Oil & Gas Conference®

 During Blackbird’s breakout session, management was asked the following questions:

  • Can you go over the differences between your sliding sleeve technology and normal sliding sleeves?
  • Is there a dissolvable component in
Penn West Petroleum – Day One Breakout Notes

Penn West Petroleum – Day One Breakout Notes

Penn West presents at EnerCom’s The Oil & Gas Conference®

 During Penn West’s breakout session, management was asked the following questions:

  • Do the costs generally come down to LOE?
  • With your cleaned up balance sheets, what properties do you have
Enerplus Corporation – Day One Breakout Notes

Enerplus Corporation – Day One Breakout Notes

Enerplus presents at EnerCom’s The Oil & Gas Conference®

During Enerplus’ breakout session, management was asked the following questions:

  • You said that you currently have 20 years of inventory to drill. What would your drilling plan be at $70 oil?
Inter Pipeline to acquire Williams’ Natural Gas Assets at Steep Discount

Inter Pipeline to acquire Williams’ Natural Gas Assets at Steep Discount

From the Calgary Herald

Calgary-based Inter Pipeline Ltd. said Monday that it’s buying the Canadian assets of the Williams pipeline companies at a steep discount — and will take on its massive petrochemical project in Alberta — for $1.35 billion.…

August 9, 2016 - 10:26 am Canada, Closing Bell Story‎, Energy News
TransCanada says $15.7B Energy East Project is Safe, in Canada’s ‘Best Interests’

TransCanada says $15.7B Energy East Project is Safe, in Canada’s ‘Best Interests’

From Canadian Press/BNN

SAINT JOHN, N.B. — TransCanada Corp. stressed its commitment to the safety of oil shipments as three days of hearings into the proposed $15.7 billion Energy East pipeline project opened in New Brunswick on Monday.

“We are …

August 8, 2016 - 2:21 pm Canada, Closing Bell Story‎, Energy News
Encana Completes the Sales of Its Gordondale and DJ Basin Assets

Encana Completes the Sales of Its Gordondale and DJ Basin Assets

CALGARY, AB–(Marketwired – July 29, 2016) – Encana Corporation (Encana) (TSX: ECA) (NYSE: ECA) announced today that it has completed the previously announced sales of its Gordondale and DJ Basin assets.

Encana has completed the sale of its …

July 29, 2016 - 12:18 pm Canada, Closing Bell Story‎, Energy News
TransCanada Profit Tops Forecasts; Company says Asset Sales on Track

TransCanada Profit Tops Forecasts; Company says Asset Sales on Track

From The Globe and Mail

Selling 49.9% Interests in 6 Mexican Pipelines to Help Fund Columbia Pipeline Purchase

TransCanada Corp, Canada’s second-largest pipeline company, reported on Thursday a slightly higher-than-expected quarterly profit, and said the process of seeking buyers for …

July 29, 2016 - 11:56 am Canada, Closing Bell Story‎, Energy News, Midstream
Source: fireengineering.com

Canada’s GDP in May Declines Most in 7 Years on Alberta Wildfires

From Canadian Press/BNN

OTTAWA — The Alberta wildfires torched the Canadian economy in May, driving the country into its worst one-month performance since the darkest days of the Great Recession seven years ago.

On Friday, Statistics Canada’s latest reading for …

July 29, 2016 - 11:07 am Canada, Closing Bell Story‎, Energy News
Blackbird Energy Makes $3 Million Technology Investment to Secure Reduced Montney Completion Costs

Blackbird Energy Makes $3 Million Technology Investment to Secure Reduced Montney Completion Costs

New Completion Technology Can Cut Downtime to 20 Minutes Between Frac Stages

On July 28, Blackbird Energy (ticker: BBI) announced that it has entered into an agreement to acquire an indirect 10% minority interest in Stage Completions Inc. for C$3 …

EnerCom Conference Presenter Focus: Tamarack Valley Energy

EnerCom Conference Presenter Focus: Tamarack Valley Energy

Tamarack Valley Energy drills two 2-mile Cardium laterals

Calgary-based Tamarack Valley Energy (ticker: TVE) announced today that the company drilled its first 2-mile lateral Cardium oil wells at Wilson Creek in the second quarter, with on-budget capital costs and timing, …

How Canadian Natural Resources Beat Encana as Canada’s Top NatGas Producer

How Canadian Natural Resources Beat Encana as Canada’s Top NatGas Producer

From Financial Post/Reuters

Canadian Natural Resources Ltd. has bought up about 12,000 natural gas wells across Alberta over the last two years, a Reuters analysis of regulatory data shows, becoming the country’s largest natural gas producer as rivals sold assets …

July 20, 2016 - 12:43 pm Canada, Closing Bell Story‎, Energy News