CALGARY - The Alberta Energy Regulator says it has suspended the licences of an oil and gas producer after no one answered its 1-800 emergency phone line when one of its hydrocarbon handling facilities appeared to be leaking. In a notice on its website, the regulator says it has yanked licences for nearly 30 wells, a similar number of pipeline segments and four facilities from Insch Commodity Ltd., a Warburg, Alta.-based company. It says the apparent leak was reported in an anonymous call [Read more]
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Despite the proliferation of new hybrid vehicles, their sales numbers remain marginal
The second coming is upon us, or more appropriately in the auto world the third coming. Tesla’s legendary-before-its-been-seen Model 3 will find its way into a few customers’ hands later this month. The third of Tesla’s pure electric vehicle (EV) models – the first being the groundbreaking, heavy selling Model S; the second the futuristic, modestly selling Model X – has advance orders of 400,000 and a cult following akin to a new iPhone launch. Starry-eyed millennials, and a few genuine car [Read more]
Cenovus gains approval for Telephone Lake oil sands project
Initial phases approved for production capacity of 90,000 bbls/d CALGARY, Nov. 14, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has received approval from the Alberta Energy Regulator (AER) and the province of Alberta for its 100%-owned Telephone Lake thermal oil sands project. The proposed project is located approximately 90 kilometres northeast of Fort McMurray, within the company's Borealis Region of northern Alberta. The approval is for a steam-assisted gravity drainage (SAGD) [Read more]
Strathcona Resources Ltd. reports second quarter 2024 financial and operating results and announces inaugural quarterly dividend
CALGARY, AB, Aug. 13, 2024 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its second quarter 2024 financial and operational results. The Board of Directors also declared its inaugural base quarterly dividend of $0.25 per share to be paid on September 27, 2024 to shareholders of record on September 16, 2024. Highlights Production of 181,766 boe/d (72% oil and condensate, 78% liquids)(1) Operating Earnings of $306.1 million [Read more]
Keyera announces 2024 second quarter results, raises dividend, increases 2024 marketing guidance
CALGARY, AB, Aug. 8, 2024 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced its 2024 second quarter financial results today, the highlights of which are included in this news release. To view Management's Discussion and Analysis (the "MD&A") and financial statements, visit either Keyera's website or its filings on SEDAR+ at www.sedarplus.ca. "Disciplined execution of our strategy is resulting in consistent growth of high-quality, fee-for-service cash flow. This allows us to continue to [Read more]
Tourmaline delivers strong free cash flow in Q2 2024, reduces net debt, announces an increase to quarterly base dividend and declares a special dividend
CALGARY, AB, July 31, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2024, announce an increase to its quarterly base dividend and declare a special dividend. HIGHLIGHTS Second quarter average production was 561,787 boepd, a 13% increase over second quarter 2023 average production of 495,918 boepd and within the second quarter 2024 average production guidance range of [Read more]
Ovintiv reports second quarter 2024 financial and operating results
Operational Excellence Drives Strong Financial Results; Production Guidance Raised Highlights: Generated net earnings of $340 million, cash from operating activities of $1,020 million, Non-GAAP Cash Flow of $1,025 million and Non-GAAP Free Cash Flow of $403 million after capital expenditures of $622 million Second quarter production was at the high-end or above the guidance range on every product with average total production volumes of 594 thousand barrels of oil equivalent per day [Read more]
TC Energy announces Canada’s largest Indigenous equity ownership agreement
Made possible by the Alberta Indigenous Opportunities Corporation, the partnership enables Indigenous Communities to own part of Canada’s largest natural gas pipeline network, while creating shareholder value and progressing TC Energy’s strategic priorities TC Energy’s NGTL System compressor station and pipeline right-of-way near Nordegg, Alta. CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to [Read more]
Keyera Announces Timing of 2024 Second Quarter Results Conference Call and Webcast
CALGARY, AB, July 25, 2024 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today that it expects to release its second quarter 2024 results before markets open on Thursday, August 8, 2024. The release will be followed by a conference call and webcast that have been scheduled for Thursday, August 8, 2024, at 8:00 AM Mountain Time (10:00 AM Eastern Time). The conference call dial-in number is 888-664-6392 or 416-764-8659. A recording of the conference call will be available for replay [Read more]
Advantage Announces Second Quarter 2024 Financial and Operating Results
(TSX: AAV) CALGARY, AB, July 25, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2024 second quarter financial and operating results. 2024 Second Quarter Financial Highlights Closed the acquisition of certain Charlie Lake and Montney assets for cash consideration of $445.5 million on June 24, 2024 (the "Acquisition"). Financing activities for the Acquisition included: Issued 5.9 million common shares for gross proceeds of $65.0 [Read more]
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