Canada

Enbridge Reacts to Ontario’s Plan to Phase Out NatGas

Enbridge Reacts to Ontario’s Plan to Phase Out NatGas

The draft Climate Change Action Plan, as reported in the Globe and Mail today, proposes phasing out natural gas heating in homes and replacing it with electric heat. While Enbridge supports a lower-carbon future, we believe that phasing out of …

May 17, 2016 - 3:33 pm Canada, Closing Bell Story‎, Energy News
Ontario’s $7 Billion Carbon Plan May Phase Out Natural Gas for Heating

Ontario’s $7 Billion Carbon Plan May Phase Out Natural Gas for Heating

From the Hamilton Spectator

TORONTO — Ontario’s Liberal government insists no final decisions have been made on its plan to tackle climate change, and won’t confirm a published report that says it will spend $7 billion over four years to …

May 16, 2016 - 1:09 pm Canada, Closing Bell Story‎, Energy News
Granite Oil Corp. Announces Credit Facility Update

Granite Oil Corp. Announces Credit Facility Update

CALGARY, ALBERTA–(Marketwired – May 16, 2016) – GRANITE OIL CORP. (“Granite“) (TSX:GXO)(OTCQX:GXOCF) announces that the annual borrowing base redetermination under its demand credit agreement has been completed and the borrowing base has been set at $60 million, consisting …

May 16, 2016 - 12:23 pm Borrowing Base, Canada, Closing Bell Story‎, Energy News
Committee on Foreign Investment OKs TransCanada’s Buy of Columbia Pipeline

Committee on Foreign Investment OKs TransCanada’s Buy of Columbia Pipeline

CALGARY, ALBERTA–(Marketwired – May 16, 2016) – News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Committee on Foreign Investment in the United States (CFIUS) has notified TransCanada and Columbia Pipeline Group Inc. (NYSE:CPGX) (Columbia) that its …

Alberta Production Coming Back Online

Alberta Production Coming Back Online

Oil & Gas 360® spoke with Tim McMillan, president and CEO of Canadian Association of Petroleum Producers about the ongoing wildfires in Alberta, Canada. McMillian said that a number of uncertainties remain with the fire, such whether or not the …

TransGlobe Energy Announces First Quarter 2016 Financial and Operating Results

TransGlobe Energy Announces First Quarter 2016 Financial and Operating Results

CALGARY, ALBERTA–(Marketwired – May 12, 2016) – TransGlobe Energy Corporation (TSX:TGL)(NASDAQ:TGA) (“TransGlobe” or the “Company”) announces its financial and operating results for the three months ended March 31, 2016. All dollar values are expressed in United States dollars unless otherwise …

May 12, 2016 - 1:08 pm Canada, Closing Bell Story‎, Earnings
Crescent Point Announces Q1 2016 Results and Record Production

Crescent Point Announces Q1 2016 Results and Record Production

CALGARY, ALBERTA–(Marketwired – May 12, 2016) –

(All financial figures are approximate and in Canadian dollars unless otherwise noted)

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the …

Tamarack Valley Energy Announces 2016 First Quarter Results

Tamarack Valley Energy Announces 2016 First Quarter Results

CALGARY, ALBERTA–(Marketwired – May 11, 2016) – Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its operating and financial results for the first quarter of 2016. Production in the

Crown Point Operating and Financial Results for Q1 2016, Argentina Update

Crown Point Operating and Financial Results for Q1 2016, Argentina Update

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Crown Point Energy Inc. (“Crown Point”, the “Company” or “we) (TSX VENTURE:CWV) today announced its operating and financial results for the three months ended March 31, 2016.

Copies of the …

May 11, 2016 - 3:53 pm Canada, Closing Bell Story‎, Earnings, Energy News
Peyto Exploration Earns $42 Million in Q1 2016

Peyto Exploration Earns $42 Million in Q1 2016

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) is pleased to present its operating and financial results for the first quarter of the 2016 fiscal year. Continued cost reductions and record …

May 11, 2016 - 3:46 pm Canada, Closing Bell Story‎, Earnings, Energy News
Spartan Energy Announces Record Quarterly Production of 9,683 Boe/d

Spartan Energy Announces Record Quarterly Production of 9,683 Boe/d

CALGARY, ALBERTA–(Marketwired – May 11, 2016) – Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to report its financial and operating results for the three months ended March 31, 2016. Selected financial and operational information is set out …

May 11, 2016 - 3:39 pm Canada, Closing Bell Story‎, Energy News
Husky Energy Sells $595 Million Saskatchewan Assets

Husky Energy Sells $595 Million Saskatchewan Assets

CALGARY, AB–(Marketwired – May 10, 2016) – Husky Energy (TSX: HSE) has reached an agreement for the sale of select assets in southwest Saskatchewan for $595 million to Whitecap Resources.

“Today’s announcement is another step in the transition of …

May 11, 2016 - 3:35 pm Canada, Closing Bell Story‎, Energy News
Arsenal Energy Releases Q1 2016 Results and Operational Update

Arsenal Energy Releases Q1 2016 Results and Operational Update

May 10, 2016 09:00 ET

Arsenal Energy Inc. Releases Q1 2016 Results and Operational Update

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Arsenal Energy Inc. (“Arsenal” or the “Company”) (TSX:AEI) (OTCQX:AEYIF)

Financial:

Arsenal’s Q1 2016 financial and operational results were

May 11, 2016 - 1:12 pm Canada, Closing Bell Story‎, Earnings, Energy News
Enbridge Inspects Sites for Safe Restart after Wildfires

Enbridge Inspects Sites for Safe Restart after Wildfires

CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today crews have been inspecting facilities and pipelines in the Fort McMurray region. As fires retreat in some areas, Enbridge workers have been able to conduct field assessments …

May 10, 2016 - 2:54 pm Canada, Closing Bell Story‎, Energy News, Midstream
Source: fireengineering.com

Wildfire in Canada could be the most Expensive Natural Disaster in Alberta’s History

Insurance bill for Canadian wildfire could exceed C$2 billion

This week’s massive forest fire in Alberta, Canada, could be the most costly natural disaster in the province’s history. The fire, which now covers more than 328.2 square miles, continues to …

Canadian Natural Resources Limited Announces 2016 First Quarter Results

Canadian Natural Resources Limited Announces 2016 First Quarter Results

CALGARY, ALBERTA –Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ)

Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of 2016 were operationally strong for Canadian Natural. The Company delivered production volumes within …

May 5, 2016 - 6:20 pm Canada, Closing Bell Story‎
Source; Edmonton Journal

Oil Prices Up Due to Canada’s Fire, Libya’s War, and Venezuela’s Incompetence

Wildfires burning out of control in Fort McMurray

Fort McMurray, the heart of much of Canada’s heavy oil sands production, has been evacuated due to a wildfire burning out of control in and around the city. The evacuations have forced …

Pengrowth Energy Announces First Quarter Operational and Financial Results

Pengrowth Energy Announces First Quarter Operational and Financial Results

CALGARY, ALBERTA–(Marketwired – May 3, 2016) – Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce its financial and operating results for the three months ended March 31, 2016. Pengrowth delivered strong first quarter operating and financial results, driven by its

May 5, 2016 - 2:03 pm Canada, Closing Bell Story‎, Earnings, Energy News
National Bank of Canada to set aside $250-Million for Bad Loans to Energy Sector

National Bank of Canada to set aside $250-Million for Bad Loans to Energy Sector

From BNN

National Bank to set aside $250-million for bad loans to energy sector – BNN News

National Bank of Canada said that it will set aside $250-million to cover bad loans associated with the

May 5, 2016 - 11:48 am Canada, Closing Bell Story‎, Energy News, Finance
Fort McMurray Residents Flee in the Largest Fire Evacuation in Alberta’s History

Fort McMurray Residents Flee in the Largest Fire Evacuation in Alberta’s History

From the Edmonton Journal

Tens of thousands of people have fled north and south.

Fuelled by soaring temperatures that hit 32 C and tinder-dry forest, the fire broached the city limits and by 6:20 p.m. a mandatory evacuation order was …

May 4, 2016 - 3:39 pm Canada, Closing Bell Story‎, Energy News
Husky Energy Sells Royalty Interests for $163 Million

Husky Energy Sells Royalty Interests for $163 Million

CALGARY, ALBERTA–(Marketwired – May 2, 2016) – Husky Energy (TSX:HSE) has reached an agreement on the sale of royalty interests representing approximately 1,700 barrels of oil equivalent per day of expected Western Canada production in 2016 to Freehold Royalties Ltd.…

May 3, 2016 - 5:53 pm Canada, Closing Bell Story‎, Energy News
Encana Delivers Basin-Leading Well Performance

Encana Delivers Basin-Leading Well Performance

CALGARY, AB–(Marketwired – May 03, 2016) –  Encana Corporation (TSX: ECA) (NYSE: ECA)

Encana built on its track record of strong operational and financial performance through the first quarter. The company delivered basin-leading well results and drilling …

May 3, 2016 - 5:51 pm Canada, Closing Bell Story‎, Earnings
Baytex Reports Q1 2016 Results

Baytex Reports Q1 2016 Results

CALGARY, ALBERTA–(Marketwired – May 3, 2016) – Baytex Energy Corp. (“Baytex”) (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three months ended March 31, 2016 (all amounts are in Canadian dollars unless otherwise noted).

“We continue to meet the …

May 3, 2016 - 5:50 pm Canada, Closing Bell Story‎, Earnings
Manitok Energy Inc. Announces 2015 Year-End Financial Results and an Operational Update

Manitok Energy Inc. Announces 2015 Year-End Financial Results and an Operational Update

CALGARY, ALBERTA–(Marketwired – May 2, 2016) –

Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) announces its financial and operating results for the year ended December 31, 2015 and provides an operational update.

The full

TransCanada Reports Solid First Quarter 2016 Financial Results

TransCanada Reports Solid First Quarter 2016 Financial Results

Transformational Changes Position Company for Near- and Long-Term Growth

CALGARY, ALBERTA–(Marketwired – April 29, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for first quarter 2016 of $252 million or $0.36 per share

April 29, 2016 - 4:34 pm Canada, Closing Bell Story‎, Earnings, Energy News, Midstream
Oil Supply/Demand Balance Should Yield Black Ink in 2017: Conference Board

Oil Supply/Demand Balance Should Yield Black Ink in 2017: Conference Board

Meantime, Canada’s Oil and Gas Sector is Expected to be in the Red for 2016

Canada’s oil and gas sector posted a pre-tax loss of more than $7 billion in 2015, according to information from The Conference Board of Canada. …

April 28, 2016 - 6:02 pm Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Xtreme Announces Sale of XSR Coiled Tubing Services Segment to Schlumberger for C$205 Million

Xtreme Announces Sale of XSR Coiled Tubing Services Segment to Schlumberger for C$205 Million

Repositions Xtreme as a Pure Tier 1 Contract Driller

CALGARY, ALBERTA–(Marketwired – April 27, 2016) – Xtreme Drilling and Coil Services Corp. (“Xtreme” or the “Company”) (TSX:XDC)today announces that it and certain of its affiliated companies have entered into …

April 27, 2016 - 1:11 pm Canada, Closing Bell Story‎, Energy News, Oilfield Services
Trudeau Still Opposes Enbridge Northern Gateway Pipeline Route

Trudeau Still Opposes Enbridge Northern Gateway Pipeline Route

From Reuters

KANANASKIS, Alberta (Reuters) – Canadian Prime Minister Justin Trudeau said on Tuesday he still opposed a crude oil pipeline traveling through a British Columbia rainforest but declined to speculate on whether a changed route for Enbridge Inc’s proposed …

April 27, 2016 - 12:32 pm Canada, Closing Bell Story‎, Energy News
Blackbird Energy Announces Increase to Unit and CDE Flow-Through Share Financing from $20 Million to $25 Million

Blackbird Energy Announces Increase to Unit and CDE Flow-Through Share Financing from $20 Million to $25 Million

Blackbird Energy Inc. (“Blackbird” or the “Company“) (TSX VENTURE:BBI) is pleased to announce that it has filed an amended and restated preliminary short form prospectus in connection with a marketed public offering, through a syndicate of …

April 27, 2016 - 12:19 pm 360 Profile Company, Canada, Closing Bell Story‎, Energy News
Blackbird Energy Inc. Announces $20 Million Common Share Financing

Blackbird Energy Inc. Announces $20 Million Common Share Financing

Blackbird Energy Inc. (“Blackbird” or the “Company“) (TSX VENTURE:BBI) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus“) in connection with a marketed public offering, through a