Canada

Canada Expects to Export Less NatGas to U.S., Send More LNG Abroad

Canada Expects to Export Less NatGas to U.S., Send More LNG Abroad

From EIA

graph of Canadian natural gas production, demand, and exports, as explained in the article text


In its recent publication, Canada’s Energy Future (CEF), Canada’s National Energy Board (NEB) projects that both …

April 26, 2016 - 12:52 pm Canada, Closing Bell Story‎, Energy News, LNG

Construction of Natural Gas Salt Dome Storage Facility to Restart

From CBC News

AltaGas Ltd. will restart construction of its Alton natural gas storage facility this summer after the project was put on hold in 2014 as the province delayed issuing permits and then dealt with several appeals of the …

April 26, 2016 - 11:40 am Canada, Closing Bell Story‎, Energy News
Precision Drilling Announces New CFO, General Counsel

Precision Drilling Announces New CFO, General Counsel

CALGARY, ALBERTA — (Marketwired) — 04/22/16 — Precision Drilling Corporation (TSX:PD) (NYSE:PDS) (“Precision” or the “Corporation”) is pleased to announce that its Board of Directors has appointed Carey Ford as Senior Vice President and Chief Financial Officer and Veronica Foley …

April 22, 2016 - 10:48 am Canada, Closing Bell Story‎, Energy News, People
Free Cash Flow is the Plan in 2016 for Tamarack Valley Energy

Free Cash Flow is the Plan in 2016 for Tamarack Valley Energy

Brian Schmidt has a plan. He believes the way to run an oil and gas company is to spend less and produce more. 

Schmidt, the company’s president and CEO, presented Tamarack Valley Energy’s (ticker: TVE; TamarackValley.ca) strategy in Denver

Husky Portfolio Favors Thermal Projects

Husky Portfolio Favors Thermal Projects

First project of three for 2016 now producing

Husky Energy (ticker: HSE; Husky.com) began production on its Edam East Lloyd Thermal project in Saskatchewan. The Edam East Lloyd Thermal project is the first scheduled thermal project for Husky this …

New CEO Takes the Helm at AltaGas

New CEO Takes the Helm at AltaGas

David M. Harris, previously AltaGas’ (ticker: ALA; AltaGas.ca) president and COO, has succeeded David W. Cornhill as president and CEO, as announced previously. David Cornhill, founder of AltaGas, continues as chairman of the board.

David Harris (B.Sc., MBA) joined …

Mullen Group CEO Blames Horizontal Multistage Frac Technology for Low Oil Prices, Layoffs

Mullen Group CEO Blames Horizontal Multistage Frac Technology for Low Oil Prices, Layoffs

Trucking CEO Predicts an Alternative to the Combustion Engine is Coming in His Lifetime

At Truck World 2016, Canada’s national truck show that opened in Toronto today, Canada’s Mullen Group (ticker: MTL; Mullen-Group.com) CEO Murray K. Mullen gave an …

Touchstone Exploration Provides Credit Facility Update

Touchstone Exploration Provides Credit Facility Update

CALGARY, ALBERTA–(Marketwired – April 14, 2016) – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) announces an update regarding its credit facility.

Touchstone’s borrowing base on its Trinidad based credit facility has been established at US$8,000,000 following the lender’s semi-annual …

April 14, 2016 - 11:05 am Borrowing Base, Canada, Closing Bell Story‎, Energy News
TransCanada Announces Preferred Share Issuance

TransCanada Announces Preferred Share Issuance

CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 …

April 13, 2016 - 5:43 pm Canada
U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

While overall U.S. crude oil imports decline, the U.S. continues to increase imports of Canadian crude oil

The total amount of crude oil imported into the U.S. has steadily declined since a peak in 2005 when imports averaged 10.1 MMBOPD, …

April 12, 2016 - 11:17 am Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Enbridge Income Fund Holdings Inc. Announces $500 Million Common Share Offering

Enbridge Income Fund Holdings Inc. Announces $500 Million Common Share Offering

CALGARY, ALBERTA–(Marketwired – April 11, 2016) Enbridge Income Fund Holdings Inc. (the “Company”) (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, BMO Capital Markets and CIBC Capital Markets for the …

April 11, 2016 - 5:04 pm Canada
New West Energy Services Inc. Announces Private Placement Financing Approved Overwhelmingly by Shareholders

New West Energy Services Inc. Announces Private Placement Financing Approved Overwhelmingly by Shareholders

CALGARY, ALBERTA–(Marketwired – April 11, 2016) – NEW WEST ENERGY SERVICES INC. (TSX VENTURE:NWE) today announced that at the special meeting held on April 7, 2016, NWE shareholders overwhelmingly approved the previously announced proposed private placement financing and the creation

April 11, 2016 - 4:51 pm Canada
TransCanada Awarded Contract to Build US$550 Million Natural Gas Tula – Villa de Reyes Pipeline in Mexico

TransCanada Awarded Contract to Build US$550 Million Natural Gas Tula – Villa de Reyes Pipeline in Mexico

MEXICO CITY, MEXICO and CALGARY, ALBERTA–(Marketwired – April 11, 2016) TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tula – Villa de Reyes pipeline in Mexico. Construction of the pipeline …

April 11, 2016 - 4:38 pm Canada
Genoil Completes a Non Brokered Private Placement

Genoil Completes a Non Brokered Private Placement

CALGARY, ALBERTA–(Marketwired – April 11, 2016) – Genoil Inc. (OTCBB:GNOLF) – The company closed its private placement on Friday December 11, 2015, raising gross proceeds of $322,730 totaling 6,454,600 shares at a price of $ 0.05 per unit. Each unit …

April 11, 2016 - 4:29 pm Canada
Canadian Dollar Reaches Highest Point of 2016 as Oil Goes Plus $40 US

Canadian Dollar Reaches Highest Point of 2016 as Oil Goes Plus $40 US

From CBC News

The Canadian dollar gained more than half a cent on Monday as the price of crude oil jumped back above $40 US per barrel.

A barrel of West Texas Intermediate was up by more than one per …

April 11, 2016 - 4:23 pm Canada, Closing Bell Story‎, Energy News
PetroMaroc Enters Into Debenture Waiver and Amending Agreement to Extend the Maturity Date of the Secured Debentures

PetroMaroc Enters Into Debenture Waiver and Amending Agreement to Extend the Maturity Date of the Secured Debentures

TORONTO, ONTARIO–(Marketwired – April 11, 2016) – PetroMaroc Corporation plc (TSX VENTURE:PMA), an independent oil and gas company focused on Morocco (the “Company” or “PetroMaroc“), is pleased to announce that it has entered into a waiver

April 11, 2016 - 4:23 pm Canada
Inter Pipeline Announces April 2016 Cash Dividend

Inter Pipeline Announces April 2016 Cash Dividend

Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.13 per share for April 2016. This dividend will be paid on or about May 16, 2016 to shareholders of record on April 22, 2016. …

April 11, 2016 - 4:08 pm Canada
Canada’s NDP will Explore Anti-Pipeline, Anti-Fossil Fuel Manifesto

Canada’s NDP will Explore Anti-Pipeline, Anti-Fossil Fuel Manifesto

From Canadian Press

EDMONTON — Federal New Democrats spurned the pleas of their Alberta brethren and signalled a desire to shift their party back to the left Sunday by agreeing to explore the merits of a manifesto that calls for …

April 11, 2016 - 3:32 pm Canada, Closing Bell Story‎, Energy News
Canadian Oil and Gas Spending Expected to Drop 62% by the End of 2016

Canadian Oil and Gas Spending Expected to Drop 62% by the End of 2016

Canadian Association of Petroleum Producers forecasts a $50 billion drop in spending

The dramatic fall in oil prices has been felt around the world, particularly in major oil producing countries like Canada, where the benchmark WCS crude oil sells at …

Western Canada’s Rail, Ports Need Big Investment to Keep Up with Expected Oil Shipments

Western Canada’s Rail, Ports Need Big Investment to Keep Up with Expected Oil Shipments

From the Globe and Mail

Big investments in both rail and marine infrastructure will be required to accommodate an acceleration in commodities shipments, particularly oil, over the next decade, says the Conference Board of Canada.

In a report released Thursday, …

April 7, 2016 - 11:34 am Canada, Closing Bell Story‎, Energy News
Blackbird Energy Announces Firm Processing Capacity into Premier Market

Blackbird Energy Announces Firm Processing Capacity into Premier Market

Blackbird Energy announces 6 MMcf/d of firm sour gas processing – looking at long term capacity, growth

Alberta-based Blackbird Energy (ticker: BBI) announced today that it has signed a deal with a third-party company to process up to 6 MMcf/d …

Canada May Need Two Years to Recover from Oil Price Drop

Canada May Need Two Years to Recover from Oil Price Drop

Bank of Canada sees the commodity sector shrinking as part of the overall economy

Models run by Bank of Canada predict that it could take two years for the country to recovery from the dramatic downturn in oil prices. Bank …

Proposed pipeline would carry oil to Canada

Proposed pipeline would carry oil to Canada

WILLISTON – The company that proposed the Keystone XL Pipeline is now moving forward with a new pipeline that would carry crude oil from the Bakken north to Canada.

TransCanada Corp. will hold three open house events next week along

April 4, 2016 - 11:31 am Canada
Baytex Announces 2016 Budget and Amendments to Bank Credit Facilities

Baytex Announces 2016 Budget and Amendments to Bank Credit Facilities

CALGARY, ALBERTA–(Marketwired – Dec. 10, 2015) – Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a 2016 capital budget of $325 to $400 million, which is designed to generate average annual production of 74,000 …

April 1, 2016 - 11:32 am Canada
Corridor Announces 2015 Year End Results and Reserves

Corridor Announces 2015 Year End Results and Reserves

HALIFAX, NOVA SCOTIA–(Marketwired – March 30, 2016) – Corridor Resources Inc. (“Corridor” or the “Company”) (TSX:CDH) announced today its 2015 year-end financial results and reserve evaluations. Corridor’s annual financial statements, annual management’s discussion and analysis and Annual Information Form for …

March 31, 2016 - 6:02 pm Canada
Logan International Reports Fourth Quarter and Fiscal 2015 Results

Logan International Reports Fourth Quarter and Fiscal 2015 Results

CALGARY, ALBERTA–(Marketwired – March 30, 2016) –

(All reported figures are in US dollars unless otherwise noted)

Logan International Inc. (TSX:LII) (“Logan” or the “Company”) today reported the results of its fourth quarter and year ended December 31, 2015.

Recent …

March 31, 2016 - 6:00 pm Canada
Seven Generations Starts Processing Liquids-Rich Natural Gas at New Cutbank Plant in Northwest Alberta

Seven Generations Starts Processing Liquids-Rich Natural Gas at New Cutbank Plant in Northwest Alberta

CALGARY, ALBERTA–(Marketwired – March 30, 2016) – Seven Generations Energy Ltd. (TSX:VII) has completed the construction and commissioning of its Cutbank processing plant at the Company’s Kakwa River Project in northwest Alberta.

The Cutbank plant is designed to process 250 …

March 31, 2016 - 2:07 pm Canada
Harvest Operations Files 2015 Year-End Disclosure Documents

Harvest Operations Files 2015 Year-End Disclosure Documents

CALGARY, ALBERTA–(Marketwired – March 30, 2016) – Harvest Operations Corp. (“Harvest” or the “Company”) announced the filing of its Annual Information Form (“AIF”) and its Statement of Reserves Data and Other Oil and Gas Information Form 51-101F1 for the year …

March 31, 2016 - 1:48 pm Canada
Repsol Oil & Gas Canada Inc. Announces Results of Debt Tender Offers

Repsol Oil & Gas Canada Inc. Announces Results of Debt Tender Offers

CALGARY, AB–(Marketwired – March 30, 2016) – Repsol Oil & Gas Canada Inc. (formerly Talisman Energy Inc.), a Canadian-based upstream oil and gas company (the “Offeror”), announced today the results of its tender offers to purchase for cash any …

March 31, 2016 - 1:42 pm Canada
Inter Pipeline Announces Annual Meeting and First Quarter 2016 Results Conference Call and Webcast

Inter Pipeline Announces Annual Meeting and First Quarter 2016 Results Conference Call and Webcast

CALGARY, ALBERTA–(Marketwired – March 30, 2016) – Inter Pipeline Ltd. (TSX:IPL) will announce its first quarter 2016 financial and operating results on May 9, 2016. A conference call and webcast have been scheduled for May 10 at 9:00 a.m. MT …

March 31, 2016 - 1:37 pm Canada