Canada

EnerCom Conference Presenter Focus:  Strategic Oil & Gas Ltd.

EnerCom Conference Presenter Focus: Strategic Oil & Gas Ltd.

SOG will present at EnerCom’s The Oil & Gas Conference® on Tues. Aug. 16, 2016

Strategic Oil & Gas Ltd. (ticker: SOG) is an exploration and production company headquartered in Calgary, Alberta, that is focused on developing its Marlowe Muskeg …

Developing Mexico’s Resources: Former PEMEX CFO and Director Joins IFR Board

Developing Mexico’s Resources: Former PEMEX CFO and Director Joins IFR Board

Calgary based International Frontier Resources Corp. (ticker: IFR) has appointed Ignacio Quesada Morales to its board of directors.

Quesada is a managing director with Alvarez & Marsal Mexico.  Before joining A&M, Quesada served as Chief Financial Officer and Board Member …

Canada Posts Near-Record Trade Deficit of $3.28 Billion in May

Canada Posts Near-Record Trade Deficit of $3.28 Billion in May

From Financial Post

OTTAWA — The value of Canadian energy exports surged in May even as the industry was coping with a major Alberta wildfire, but improved oil sales were not enough to prevent the second biggest trade deficit on …

July 6, 2016 - 1:32 pm Canada, Closing Bell Story‎, Energy News
Trudeau Reiterates his Opposition to Northern Gateway’s Route through Rainforest

Trudeau Reiterates his Opposition to Northern Gateway’s Route through Rainforest

From Reuters Canada

MONTREAL (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday reiterated his opposition to the route of Enbridge Inc’s ENB.TO Northern Gateway oil pipeline, casting further doubt on the prospects of a project fiercely opposed by environmentalists.…

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

New acreage and production

Calgary-based Manitok Energy (ticker: MEI) announced today that it will acquire Raimount Energy (ticker: RMT) in an all-stock transaction.

Under the terms of the agreement, Manitok will acquire issued and outstanding common shares of Raimount through …

Study Shows that Spilled Oilsands Crude Floats on Fresh Water could help Unlock Stalled Pipelines

Study Shows that Spilled Oilsands Crude Floats on Fresh Water could help Unlock Stalled Pipelines

From the Financial Post

The debate over what happens to oilsands crude in a freshwater spill just got a new twist — one that could help unlock stalled pipelines.

A study funded by the Canadian government shows diluted bitumen doesn’t …

June 29, 2016 - 10:46 am Canada, Closing Bell Story‎, Midstream
Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

CALGARY, ALBERTA–(Marketwired – June 29, 2016) – Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has entered into definitive agreements to acquire an aggregate of 1,650 boe/d (99% oil) of light oil production in …

Blackbird Energy Inc. Announces Release of Third Quarter 2016 Financial and Operating Results

Blackbird Energy Inc. Announces Release of Third Quarter 2016 Financial and Operating Results

Blackbird Energy Inc. Announces Release of Third Quarter 2016 Financial and Operating Results

Keystone XL: The Saga Continues

Keystone XL: The Saga Continues

TransCanada seeks US$15 Billion from the U.S. government for breaches of NAFTA – following President Obama’s decision to nix the Keystone XL pipeline

The next chapter in the Keystone XL pipeline saga is officially underway.

On Friday, June 24, 2016, …

Canada’s Trailblazer into Mexico’s New Oil & Gas Sector:  International Frontier Resources

Canada’s Trailblazer into Mexico’s New Oil & Gas Sector: International Frontier Resources

Opportunity strikes for International Frontier Resources: Canadian E&P wins bid at auction in Mexico

After 77 years, the Mexican government held its auction for oil and gas rights in July of last year. The first auction since Mexico’s decision to …

Xtreme Drilling and Coil Services Corp. Announces Completion of Sale of XSR Coiled Tubing Services Assets to Schlumberger for C$205 Million

Xtreme Drilling and Coil Services Corp. Announces Completion of Sale of XSR Coiled Tubing Services Assets to Schlumberger for C$205 Million

CALGARY, ALBERTA–(Marketwired – June 23, 2016) – Xtreme Drilling and Coil Services Corp. (TSX:XDC) (“Xtreme” or the “Company”) is pleased to announce that the previously announced sale of its XSR coiled tubing drilling and coiled tubing assets to Schlumberger for …

Canada’s US$6B Investment at Risk in Brexit Vote

Canada’s US$6B Investment at Risk in Brexit Vote

From BNN

Ottawa is not reducing its direct financial exposure to the risks of the United Kingdom potentially voting to leave the European Union.

Canada’s federal government had US$6.14 billion worth of British pounds in its global currency reserves as

June 23, 2016 - 5:46 pm Canada, Closing Bell Story‎, Politics & Opinions
Birchcliff Energy Expands Core Acreage by 54,000 Net Acres with $625 Million Acquisition

Birchcliff Energy Expands Core Acreage by 54,000 Net Acres with $625 Million Acquisition

Birchcliff Energy creates a contiguous core asset base with purchase from Encana

Birchcliff Energy (ticker: BIR) announced that it will purchase all of Encana Corporation’s (ticker: ECA) Gordondale area, creating one contiguous block of assets in Birchcliff’s primary focus area …

‘The Ship has been Righted’: Suttles Praised for Encana’s $10B Divestitures

‘The Ship has been Righted’: Suttles Praised for Encana’s $10B Divestitures

From BNN

Three years into his tenure as CEO of Encana, Doug Suttles is still cleaning up the mess he was handed in 2013.

The Calgary-based energy producer sold some of its property in northeastern Alberta on Tuesday to Birchcliff …

Bankers Petroleum Announces Investment Canada Act Approval of Sale to China’s Geo-Jade

Bankers Petroleum Announces Investment Canada Act Approval of Sale to China’s Geo-Jade

CALGARY, June 22, 2016 /CNW/ – Bankers Petroleum Ltd. (“Bankers” or the “Company”) (TSX: BNK, AIM: BNK) is pleased to announce that the proposed plan of arrangement (the “Arrangement”) with affiliates of Geo-Jade Petroleum Corporation (“Geo-Jade”) has received Ministerial …

June 22, 2016 - 8:36 am Canada, Closing Bell Story‎, Mergers & Acquisitions
Tamarack Valley Adds 1,900 BOEPD of Production, Increases Guidance

Tamarack Valley Adds 1,900 BOEPD of Production, Increases Guidance

Tamarack Velley acquires Alberta assets for $85 million

Tamarack Valley Energy (ticker: TVE) announced the acquisition of two assets in Alberta for total aggregate cash consideration of $85 million.

The first acquisition is a strategic consolidation of assets located in …

June 21, 2016 - 6:15 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Report: “Reality of First Nations Engagement” in the Western Canadian Energy Sector

Report: “Reality of First Nations Engagement” in the Western Canadian Energy Sector

First Nations Engagement to Create “New West” for Canada’s Energy Sector

June 21, 2016 - 8:00 am Canada, Press Releases
High Arctic Announces the Appointment of the Honourable Joe Oliver to its Board of Directors

High Arctic Announces the Appointment of the Honourable Joe Oliver to its Board of Directors

High Arctic Announces the Appointment of the Honourable Joe Oliver to its Board of Directors

Suncor said to have $800 Million Unit for Sale

Suncor said to have $800 Million Unit for Sale

From Financial Post

Suncor Energy Inc. has launched an auction of its Petro-Canada lubricants division, whose white mineral oils are sprayed on gummy bear candy to make it shiny and prevent sticking, people familiar with the matter said.

The sale …

June 17, 2016 - 11:17 am Canada, Closing Bell Story‎, Energy News
Bellatrix Announces Asset Acquisition and Credit Facility Update

Bellatrix Announces Asset Acquisition and Credit Facility Update

CALGARY, June 16, 2016 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce the acquisition of highly complementary producing assets in its west central Alberta core Ferrier area, and provide an update on …

Tourmaline Oil Corp. Provides Operations and Financial Update

Tourmaline Oil Corp. Provides Operations and Financial Update

CALGARY, AB–(Marketwired – June 15, 2016) – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to provide an operations and financial update.

EP UPDATE

During the third quarter, Tourmaline plans to run five to six …

June 16, 2016 - 8:25 am Canada, Closing Bell Story‎, Energy News
Strategic Oil & Gas Announces 2H2016 Drilling Program, Capital Spending Budget

Strategic Oil & Gas Announces 2H2016 Drilling Program, Capital Spending Budget

CALGARY, ALBERTA–(Marketwired – June 15, 2016) – Strategic Oil & Gas Ltd. (“Strategic”, or the “Company”) (TSX VENTURE:SOG) announces its second half 2016 drilling program and capital spending budget. This drilling program marks the beginning of pad development activity along …

June 15, 2016 - 3:40 pm Canada, Closing Bell Story‎, Energy News
Canadian Economy Expected to Grow Despite Oil and Gas Headwinds

Canadian Economy Expected to Grow Despite Oil and Gas Headwinds

The Canadian economy is expected to grow 1.5% in 2016

The Canadian economy is expected to grow over the next two years, but the growth of individual provinces will vary widely, according to a report from the Conference Board of

June 14, 2016 - 5:23 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Petro-Canada Gas Shortage Affecting 200 Stations

Petro-Canada Gas Shortage Affecting 200 Stations

From CBC News

At least 200 gas stations affected

And it’s not just Edmonton’s pumps that are covered in yellow tape — gasbuddy.com analyst Dan McTeague said there could be as many as 200 stations in Western Canada sitting empty.…

June 14, 2016 - 8:17 am Canada, Closing Bell Story‎, Downstream, Energy News
Environmentalists, Automakers Applaud Ontario’s $8.3B Climate Change Plan – NatGas Not Banned

Environmentalists, Automakers Applaud Ontario’s $8.3B Climate Change Plan – NatGas Not Banned

From CBC News

Ontario’s climate change plan, which will provide billions of dollars in subsidies and incentives to businesses and homeowners, was greeted with cautious optimism Wednesday by environmentalists and businesses.

The province will spend up to $8.3 billion on …

June 9, 2016 - 3:36 pm Canada, Closing Bell Story‎, Energy News
Gran Tierra Energy Announces Colombian Peso Hedging Program

Gran Tierra Energy Announces Colombian Peso Hedging Program

CALGARY, ALBERTA–(Marketwired – June 8, 2016) – Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE MKT:GTE)(TSX:GTE)today announced that the Company, through one of its wholly owned subsidiaries, recently transacted Colombian peso (“COP”) hedges with two banks, …

Canada Pension Plan Investment Board Commits US$450 Million to the U.S. Mineral Interest and Energy Royalty Sector

Canada Pension Plan Investment Board Commits US$450 Million to the U.S. Mineral Interest and Energy Royalty Sector

TORONTO, ONTARIO–(Marketwired – June 8, 2016) – Canada Pension Plan Investment Board (CPPIB) announced today that an affiliate of its wholly owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), has committed US$450 million to LongPoint Minerals, LLC (LongPoint), a company …

June 8, 2016 - 2:56 pm Canada, Closing Bell Story‎, Energy News
Bankers Petroleum Announces Resumption of Operations and Corporate Transaction Update

Bankers Petroleum Announces Resumption of Operations and Corporate Transaction Update

CALGARY, June 8, 2016 /CNW/ – Bankers Petroleum Ltd. (“Bankers” or the “Company”) (TSX: BNK, AIM: BNK) is pleased to announce that the Company has resumed its usual operations following commencement of export activities at the Petrolifera Italo Albanese (“PIA”) …

June 8, 2016 - 10:06 am Canada, Closing Bell Story‎, Energy News
Shell contributes offshore rights near Lancaster Sound to the Nature Conservancy of Canada

Shell contributes offshore rights near Lancaster Sound to the Nature Conservancy of Canada

Shell contributes offshore rights near Lancaster Sound to the Nature Conservancy of Canada

June 8, 2016 - 3:00 am Canada, Closing Bell Story‎, Press Releases
Total Energy Services Increases 2016 Capital Expenditure Budget

Total Energy Services Increases 2016 Capital Expenditure Budget

CALGARY, ALBERTA–(Marketwired – June 6, 2016) – Total Energy Services Inc. (“Total”) (TSX:TOT) announces that it has increased its 2016 capital expenditure budget from $12.1 million to $17.2 million. This $5.1 million (USD 3.9 million) increase will be directed towards …