Post Tagged with: "Canada"

MEG Energy significantly reduces overall cost structure, enabling positive cash flow at low commodity prices

MEG Energy significantly reduces overall cost structure, enabling positive cash flow at low commodity prices

Non-energy operating cost target reduced to $6.90 to $7.10 per barrel from $7.30 to $9.30 per barrel; All financial figures in C$ unless otherwise noted

CALGARY, AB–(Marketwired – October 28, 2015) – MEG Energy Corp. (TSX: MEG) today

October 28, 2015 - 4:02 pm Canada, Energy News
Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell takes $2 billion impairment with oil sands exit in Canada

Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue construction on its Carmon Creek oil sands project in Alberta. The project was expected to produce …

October 28, 2015 - 3:54 pm Canada, Oil and Gas 360 Articles, Oil Sands
Prince Rupert Gas Transmission Project Receives Oil and Gas Commission Approvals

Prince Rupert Gas Transmission Project Receives Oil and Gas Commission Approvals

Final permits issued for construction and operation of pipeline project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 27, 2015) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it has received final permits from the BC Oil and Gas Commission (BCOGC), giving

October 27, 2015 - 4:12 pm Canada, Energy News
Blackbird Energy Reduces Costs on Third Montney Well by 49%

Blackbird Energy Reduces Costs on Third Montney Well by 49%

Blackbird Energy (ticker: BBI) announced today that it has successfully drilled, logged and cased its third well at Elmworth, in the Montney, located at 2-20-70-7W6 (the “2-20” well). Blackbird has a 100% working interest in the 2-20 well, as …

October 27, 2015 - 3:29 pm 360 Profile Company, Analytics, Canada, Oil and Gas 360 Articles
Precision Drilling Corporation Announces 2015 Fourth Quarter Dividend and 2015 Third Quarter Financial Results

Precision Drilling Corporation Announces 2015 Fourth Quarter Dividend and 2015 Third Quarter Financial Results

Additional Announcements Include Asset Write Downs, International Contract Award, 2016 Capital Expenditure Plan, and Amendment to Revolving Credit Facility

CALGARY, ALBERTA–(Marketwired – Oct. 22, 2015) –

(Canadian dollars except as indicated)

This news release contains “forward-looking information and statements” within

October 22, 2015 - 3:50 pm Canada, Energy News
Touchstone Announces Agreement to Acquire Strategic Onshore Trinidad Producing Assets

Touchstone Announces Agreement to Acquire Strategic Onshore Trinidad Producing Assets

CALGARY, ALBERTA–(Marketwired – Oct. 21, 2015) – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) announces that it has entered into an agreement to purchase certain onshore producing assets from Trinity Exploration and Production Plc (“Trinity”) for cash consideration of …

October 21, 2015 - 3:50 pm Canada
Liberal Party Wins Majority Government in Canada with 184 Seats

Liberal Party Wins Majority Government in Canada with 184 Seats

Justin Trudeau wins surprise majority government

The Liberal Party, led by Justin Trudeau, won a majority government in a political upset in the Election for Canadian Prime Minister last night. The Liberals finished with 184 seats in the parliament (39.5%), …

October 20, 2015 - 1:44 pm Canada, Oil and Gas 360 Articles, Politics & Opinions
RMP Energy Provides Third Quarter Production and Operations Update

RMP Energy Provides Third Quarter Production and Operations Update

CALGARY, ALBERTA–(Marketwired – Oct 14, 2015) – RMP Energy Inc. (“RMP” or the “Company“) (RMP.TO) is pleased to provide a production and operations update.

Third Quarter 2015 Production

For the third quarter of 2015, …

October 14, 2015 - 5:30 pm Canada, Energy News
Tourmaline Updates 2016 and 2017 Guidance

Tourmaline Updates 2016 and 2017 Guidance

CALGARY, AB–(Marketwired – October 14, 2015) – Tourmaline Oil Corp. (TOU.TO) (“Tourmaline” or the “Company”) is pleased to provide updated production, cash flow(1) and exploration and production (“EP”) capital spending guidance for 2016 and 2017.

2016/2017

October 14, 2015 - 5:27 pm Canada, Energy News
ORLEN Upstream Acquires US$393 Million in Assets in Canada, Poland

ORLEN Upstream Acquires US$393 Million in Assets in Canada, Poland

Warsaw-based ORLEN announces two acquisitions

ORLEN Upstream, a Warsaw, Poland, based subsidiary of PKN ORLEN SA (ticker: PKN), which trades on the Warsaw Stock Exchange, announced two separate acquisitions today for assets in Canada and Poland. The deals included the …

Canadian Dollar Sets Two-Month High as Oil Overshadows Jobs Data

Canadian Dollar Sets Two-Month High as Oil Overshadows Jobs Data

Via Bloomberg

The Canadian dollar climbed to the highest in two months as a rally in crude oil overshadowed an underwhelming September jobs report.

The price per barrel of North …

October 9, 2015 - 4:45 pm Energy News
Vermilion Energy Announces Dividend for November

Vermilion Energy Announces Dividend for November

Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for November 16, 2015 Payment Date

CALGARY, Oct. 9, 2015 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable …

October 9, 2015 - 12:41 pm Canada
Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Expects 2015 Net Debt to be Reduced by $3.0 Billion – 50% higher than expected.

Calgary-based Encana Corporation (ticker: ECA) is leaving behind its second United States shale play since August, selling its Denver Julesburg assets for $900 million. …

Delphi Energy Continues to Innovate Its Frac Design at Bigstone and Expands Drilling Program

Delphi Energy Continues to Innovate Its Frac Design at Bigstone and Expands Drilling Program

CALGARY, ALBERTA–(Marketwired – Oct. 8, 2015) – Delphi Energy Corp. (TSX:DEE) (“Delphi” or the “Company”) is pleased to provide the following operational update.

Delphi continues to improve upon its superior capital efficiencies at Bigstone through successful innovation of its slickwater …

October 8, 2015 - 5:05 pm Canada, Energy News
TransCanada Enters Agreement to Acquire Ironwood Power Plant

TransCanada Enters Agreement to Acquire Ironwood Power Plant

CALGARY, ALBERTA–(Marketwired – Oct. 8, 2015) – TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it has reached an agreement to acquire the Ironwood natural gas fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 megawatts …

October 8, 2015 - 4:59 pm Canada, Energy News
Source: Encana; Sound wall around DJ Basin well site rig niobrara colorado

Encana Reaches Agreement to Sell Its DJ Basin Assets for US$900 Million

CALGARY, AB–(Marketwired – October 08, 2015) – Encana Corporation (Encana) (TSX: ECA)(NYSE: ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Denver Julesburg (DJ) Basin assets …

October 8, 2015 - 4:56 pm Canada, Energy News
Higher Alberta Royalties Not What O&G Industry Needs Now: BMO

Higher Alberta Royalties Not What O&G Industry Needs Now: BMO

Higher royalty payments would pressure Alberta oil & gas producers

A report from BMO Capital Markets warned that increasing royalty payments in the Canadian province of Alberta could dampen business as it has in the past, but that the current …

October 7, 2015 - 6:00 pm Canada, Oil and Gas 360 Articles
Trans-Alaska oil pipeline

TransCanada Launches Binding Open Season for Cushing Marketlink

CALGARY, ALBERTA–(Marketwired – Oct. 7, 2015) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today launched an Open Season to obtain binding commitments from interested parties for transportation of crude oil on Cushing Marketlink from Cushing, Oklahoma to markets on the U.S. …

October 7, 2015 - 4:37 pm Canada, Energy News
Ithaca Energy Inc.: Q3-2015 Operations Update

Ithaca Energy Inc.: Q3-2015 Operations Update

CALGARY, AB–(Marketwired – Oct 5, 2015) – Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Inc.

Third Quarter 2015 Operations Update

5 October 2015

October 5, 2015 - 3:17 pm Canada, Energy News
Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Pipelines Figure Prominently in Canada’s PM Race

The race for the position of Canadian Prime Minister continues as the October 19 elections approach, and candidates continue to spar over the importance of various pipeline projects throughout Canada. National polls last week showed the Conservatives at 31%, the …

October 5, 2015 - 1:33 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Normal Operations Resumed at Syncrude

Normal Operations Resumed at Syncrude

CALGARY, AB–(Marketwired – October 02, 2015) – Canadian Oil Sands (“COS”) (TSX: COS) (OTCQX: COSWF) today announces that normal operations at Syncrude have resumed following the August 29 process fire. Actual production rates continue to be provided

October 2, 2015 - 3:03 pm Canada
IFR Forms Strategic Mexican Joint Venture with Petrochemical Leader Grupo Idesa

IFR Forms Strategic Mexican Joint Venture with Petrochemical Leader Grupo Idesa

Oil and Gas Projects to Target Energy Reform Onshore Blocks Round 1.3

CALGARY, ALBERTA–(Marketwired – Oct. 1, 2015) – International Frontier Resources Corporation (“IFR” or the “Company”) (TSX VENTURE:IFR), on October 1st, is pleased to announce that it

October 1, 2015 - 3:18 pm Canada
Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit

Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit

Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit For $205 Million And UpDates Its Annual Production Guidance

CALGARY, Oct 1, 2015 /PRNewswire/ – PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) …

October 1, 2015 - 11:28 am Canada
Bonterra Energy Corp. Confirms Cash Dividend for September 2015 Payable October 30, 2015

Bonterra Energy Corp. Confirms Cash Dividend for September 2015 Payable October 30, 2015

CALGARY, ALBERTA–(Marketwired – Oct 1, 2015) – Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) announces that the September 2015 monthly cash dividend will be $0.15 per share and will be paid on October 30, 2015. The record date …

October 1, 2015 - 11:24 am Canada
TransCanada Will Vacate Courts in Favor of a Nebraska Public Service Commission Approval for Keystone XL Pipeline

TransCanada Will Vacate Courts in Favor of a Nebraska Public Service Commission Approval for Keystone XL Pipeline

Five independent reviews say pipeline could be constructed and operated safely

Calgary-based TransCanada (ticker: TRP) announced today that it will file an application with the Nebraska Public Service Commission (PSC) to seek approval for the Keystone XL route through the …

September 30, 2015 - 4:39 pm Canada, Midstream, Oil and Gas 360 Articles
Shell Looks to Drill at least Two Exploratory Wells Offshore Nova Scotia

Shell Looks to Drill at least Two Exploratory Wells Offshore Nova Scotia

Shell has four ships on standby

Shell Canada (ticker: RDSA) has four ships on standby in Halifax Harbor as company waits for approval to drill offshore Nova Scotia. The company expects to begin drilling two exploration wells in the Shelburne …

September 29, 2015 - 3:08 pm Canada, International, Offshore, Oil and Gas 360 Articles
National Elections in Canada are Less than Three Weeks Away

National Elections in Canada are Less than Three Weeks Away

The three-way race for the seat of  Prime Minister of Canada

Elections for the head of Canada’s federal government are set to take place October 19, less than three weeks from now. The latest national poll shows the Conservatives at …

September 29, 2015 - 3:05 pm Canada, Oil and Gas 360 Articles, Politics & Opinions
ConocoPhillips Looking to Divest 35,000 BOEPD of Production in Canada

ConocoPhillips Looking to Divest 35,000 BOEPD of Production in Canada

Assets could be worth $1 billion, according to estimates

ConocoPhillips (ticker: COP), the third-largest North American oil and gas producer, is looking to divest assets in Western Canada to various buyers including Canadian Natural Resources (ticker: CNQ), sources familiar with

September 24, 2015 - 6:27 pm Canada, Oil and Gas 360 Articles
Source: Energybc.ca

Suncor Energy to Acquire Additional 10% Working Interest in Oil Sands Project

Suncor Energy to acquire additional working interest in Fort Hills oil sands project

CALGARY, ALBERTA–(Marketwired – Sept. 21, 2015) – Suncor Energy today announced that it has agreed to purchase an additional 10 per cent working interest in the Fort …

September 21, 2015 - 5:08 pm Canada, Oil Sands
Gran Tierra Increases Credit Facility

Gran Tierra Increases Credit Facility

Gran Tierra Announces New, Increased Credit Facility

CALGARY, ALBERTA–(Marketwired – Sept. 21, 2015) – Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE MKT:GTE)(TSX:GTE), is pleased to announce that, through its wholly owned subsidiary Gran Tierra Energy International …

September 21, 2015 - 5:05 pm Canada