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
Husky Energy Reports Results of Series 1 Preferred Shares Conversion

Husky Energy Reports Results of Series 1 Preferred Shares Conversion

CALGARY, AB–(Marketwired – March 31, 2016) – Husky Energy (TSX: HSE) announces that more than one million of its 12,000,000 Cumulative Redeemable Preferred Shares, Series 1 (Series 1 Shares) have been elected for conversion on a one-for-one basis …

March 31, 2016 - 1:01 pm Canada
ShaMaran Petroleum Corp.: Corporate Update

ShaMaran Petroleum Corp.: Corporate Update

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 31, 2016) – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE:SNM)(OMX:SNM) is providing the following corporate update concerning a review by the Financial Supervisory Authority of Norway (“Finanstilsynet” or “FSAN”) of the financial reporting …

March 31, 2016 - 12:58 pm Canada
Repsol Oil & Gas Canada Announces Debt Tender Offers

Repsol Oil & Gas Canada Announces Debt Tender Offers

CALGARY, ALBERTA–(Marketwired – March 23, 2016) – Repsol Oil & Gas Canada Inc. (formerly Talisman Energy Inc.), a Canadian-based upstream oil and gas company (the “Offeror”), has launched offers to purchase for cash any and all of its outstanding (i) …

March 23, 2016 - 12:39 pm Canada, Closing Bell Story‎, Energy News
Suncor Energy Completes Acquisition of Canadian Oil Sands

Suncor Energy Completes Acquisition of Canadian Oil Sands

CALGARY, ALBERTA–(Marketwired – March 21, 2016) – Suncor and Canadian Oil Sands Limited (“COS“) announced today that Suncor’s acquisition of COS has been completed following shareholder approval of an amalgamation agreement at a special meeting of COS shareholders …

Pacific NorthWest LNG Project Delayed for Another 3 Months

Pacific NorthWest LNG Project Delayed for Another 3 Months

Ottawa asks for extra time for environmental assessment of Pacific NorthWest LNG

Malaysia’s state-owned Petronas has hit yet another hurdle on the road to developing its Pacific NorthWest LNG project in British Columbia, Canada. The Canadian Environmental Assessment Agency (CEAA) …

March 21, 2016 - 3:57 pm Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
NXT Energy Announces Upgrade of Stock Exchange Listing to the TSX

NXT Energy Announces Upgrade of Stock Exchange Listing to the TSX

CALGARY, ALBERTA–(Marketwired – March 21, 2016) – NXT Energy Solutions Inc. (“NXT Energy” or the “Company”) (TSX VENTURE:SFD)(OTCQB:NSFDF) is pleased to announce that it has been approved for listing on the Toronto Stock Exchange (“TSX”) effective Tuesday, March 22, 2016. …

March 21, 2016 - 3:10 pm Canada, Closing Bell Story‎, Energy News, Oilfield Services
TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada purchases Columbia Pipeline Group for $10.2 billion plus assumption of debt

After years of regulatory limbo to get its Keystone XL pipeline resulted in nothing, TransCanada (ticker: TRP, TransCanada.com) found a new way to continue expanding its North …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Gasoline Price Drop Cools Canada’s Inflation Rate

From 680NEWS/The Canadian Press

TORONTO – Lower prices at the pump helped cool Canada’s annual inflation rate to 1.4 per cent last month, down from 2.0 per cent in January, while offsetting increases in food prices.

Gasoline prices dropped a

March 18, 2016 - 1:34 pm Canada, Closing Bell Story‎, Energy News
Surge Energy Announces Fourth Quarter and Year-End 2015 Results

Surge Energy Announces Fourth Quarter and Year-End 2015 Results

Surge Energy (TSX: SGY) Reports Year-End Results

2015 HIGHLIGHTS

  • Completed $465 million in accretive asset sales (at $90,000/boed in 1H/15), setting the stage for a “lower for longer” scenario for crude oil prices, via top tier balance sheet strength.
March 17, 2016 - 2:22 pm Canada, Closing Bell Story‎, Earnings
Manitok Energy Wayne Oil Facility - Alberta

Manitok Energy Emphasizes 2016 Growth Strategy at EnerCom’s The Oil & Service Conference™

Paying down debt and building out infrastructure has allowed Manitok Energy to switch gears to growth

Manitok Energy (ticker: MEI, ManitokEnergy.com) presented at EnerCom’s The Oil & Service Conference ™ 14 March 9 at 4:00 p.m. PST. Manitok …

March 11, 2016 - 5:29 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Tamarack Valley Drives Down Costs on High Quality Assets

Tamarack Valley Drives Down Costs on High Quality Assets

“This is a cost problem, not a commodity problem.” – Tamarack Valley CEO Brian Schmidt

Tamarack Valley Energy (ticker: TVE, TamarackValley.ca) presented in EnerCom’s The Oil & Service Conference™ 14 yesterday at 11:30 a.m. PST. Tamarack Valley Energy is …

March 10, 2016 - 12:34 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Blackbird Energy Increases Both the Size and Value of its Reserves

Blackbird Energy Increases Both the Size and Value of its Reserves

Blackbird announces a 522% increase in proved plus probable reserves

Alberta-based Blackbird Energy (ticker: BBI, BlackbirdEnergy.com) continued to grow both the size and value of its reserves at its Elmworth Montney position over the last six months. The company …

Manitok Energy Shifts into Growth Mode

Manitok Energy Shifts into Growth Mode

Canadian producer purchases processing plant for $4.75 million; looking at further acquisitions

Manitok Energy (ticker: MEI, ManitokEnergy.com) announced Wednesday that it has purchased a 14 MMcf/d natural gas processing plant in the Carseland area from a private company for …

Canadian Banks Comfortable with Energy Exposure

Canadian Banks Comfortable with Energy Exposure

Canadian banks have $80 billion of exposure to oil including untapped loans

Canada’s top banks have a combined exposure of C$107 billion (USD$80 billion) to the oil and gas industry, inclusive of untapped credit lines, reports Bloomberg.

Canadian Imperial …

March 2, 2016 - 6:46 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Canadian Oil and Gas Industry Remains Resilient: Natural Resource Minister

Canadian Oil and Gas Industry Remains Resilient: Natural Resource Minister

Alberta in much better fiscal position than BC, Ontario or Quebec

While the price of U.S. crude benchmark WTI hovers above $30 per barrel, the price of Canadian benchmark Western Canadian Select has been nearer the $20 mark in recent …

February 26, 2016 - 6:00 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Canadian Oil Sands Production Expected to Increase: EIA

Canadian Oil Sands Production Expected to Increase: EIA

New Canadian oil sands projects are more costly to shut down than continue running

EIA Canadian Oil Sands Production

Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in …

Blackbird Energy Acquires Firm Capacity in Alliance Pipeline

Blackbird Energy Acquires Firm Capacity in Alliance Pipeline

Blackbird Energy Inc. Acquires Firm Capacity in Alliance Pipeline

Blackbird Energy Inc. (TSX VENTURE:BBI) (“Blackbird” or the “Company“) is very pleased to announce that it has acquired 5 mmcf/d of Firm Full Path Service on the

February 25, 2016 - 1:54 pm 360 Profile Company, Canada, Closing Bell Story‎, Energy News
Encana Continues to Shore Up the Balance Sheet as Production Rises

Encana Continues to Shore Up the Balance Sheet as Production Rises

Encana remains focused on its core assets

Encana Corp. (ticker: ECA, Encana.com) continued to increase production and lower its debt amid the crash in crude oil prices. The company said that it produced 274.4 MBOEPD in the fourth quarter …

February 24, 2016 - 5:03 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Suncor Energy Offer for Canadian Oil Sands Expires

Suncor Energy Offer for Canadian Oil Sands Expires

Suncor Energy Offer for Canadian Oil Sands expires

– Canadian Oil Sands sets shareholder meeting to approve final acquisition transaction

(All dollar amounts referenced are in Canadian dollars)

CALGARY, ALBERTA–(Marketwired – Feb. 22, 2016) – Suncor announced today that its

February 24, 2016 - 4:13 pm Canada, Closing Bell Story‎, Energy News
TransCanada Expands in Québec

TransCanada Expands in Québec

TransCanada Expands Its Presence in Québec

MONTRÉAL, QUÉBEC–(Marketwired – Feb. 23, 2016) – Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it has expanded its 60-year presence in Québec with a larger corporate provincial office located in Montréal.

February 24, 2016 - 4:02 pm Canada, Closing Bell Story‎, Energy News, Midstream
Tamarack Valley Energy Ltd. Announces a 46% Increase in Proved Reserves With 356% Production Replacement

Tamarack Valley Energy Ltd. Announces a 46% Increase in Proved Reserves With 356% Production Replacement

CALGARY, ALBERTA–(Marketwired – Feb. 24, 2016) – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce the results of its independent oil and gas reserves evaluation as of December 31, 2015, prepared by …

Seven Generations Closes $300 Million Private Placement Financing

Seven Generations Closes $300 Million Private Placement Financing

Seven Generations Closes $300 Million Private Placement Financing

CALGARY, ALBERTA–(Marketwired – Feb. 24, 2016) – Seven Generations Energy Ltd. (TSX:VII) has closed its previously announced bought deal financing pursuant to which it issued 21,428,600 common shares at a price of

February 24, 2016 - 3:42 pm Canada, Closing Bell Story‎, Energy News
Manitok Energy Announces Closing of the Final Tranche of Its Private Placement for Combined Gross Proceeds of $10.6 Million

Manitok Energy Announces Closing of the Final Tranche of Its Private Placement for Combined Gross Proceeds of $10.6 Million

Manitok Energy Inc. (“Manitok” or the “Corporation“) (TSX VENTURE:MEI) is pleased to announce that on February 16, 2016, Manitok has closed the final tranche of its previously announced concurrent brokered and non-brokered private placement offering of

February 17, 2016 - 2:51 pm 360 Profile Company, Canada, Closing Bell Story‎, Energy News
Fortis Inc. Increases Utility Rate Base to $18 Billion with $11.3 Billion Acquisition

Fortis Inc. Increases Utility Rate Base to $18 Billion with $11.3 Billion Acquisition

Canada’s Fortis acquires largest independent pure-play electric transmission company in the U.S.

Fortis Inc. (ticker: FTS, FortisINC.com) announced today that it will acquire ITC Holdings Corp. for total consideration of $11.3 billion. Under the terms of the deal, ITC …

Trans-Alaska oil pipeline

Canada and Alberta Recognize They Desperately Need More Oil Pipelines

With Only One Oil Customer, Canada is “Leaving Billions of Dollars on the Table”

Alberta Premier Rachel Notley has called for more pipelines to help transport Canada’s crude oil to international markets. The lack of infrastructure has left the Canadian …

Rock Energy Inc. Announces Year End 2015 Reserves Replacing Over 400% of Its Production During the Year, and Growing Total Proven Plus Probable Reserves by 37%

Rock Energy Inc. Announces Year End 2015 Reserves Replacing Over 400% of Its Production During the Year, and Growing Total Proven Plus Probable Reserves by 37%

Rock Energy Inc. (RE.TO) (“Rock” or the “Company”) is pleased to report a corporate reserves update effective December 31, 2015. This is a reserves update to the report provided on December 14, 2015 that had an effective date …

February 2, 2016 - 2:04 pm Canada, Closing Bell Story‎, Energy News
Blackbird Energy Takes a Big Step Towards Acreage Delineation with Successful Montney Well

Blackbird Energy Takes a Big Step Towards Acreage Delineation with Successful Montney Well

An Exclusive Interview with Garth Braun, Chairman, President and CEO of Blackbird

Blackbird Energy (ticker: BBI, www.blackbirdenergyinc.com) is in the early stages of developing its 75 sections (48,000 acres) of the Montney fairway in Alberta, but results from its …

Bank of Canada Holds Interest Rate Ahead of Federal Budget

Bank of Canada Holds Interest Rate Ahead of Federal Budget

Bank of Canada holds the overnight rate at 0.5%

The Bank of Canada announced that it would continue to hold its overnight interest rate at 0.5%. Economists were split down the middle regarding whether or not the Bank of Canada …

January 20, 2016 - 5:09 pm Canada, Closing Bell Story‎, Finance, Oil and Gas 360 Articles