TORONTO, Jan. 28, 2016 /CNW/ - A free-falling dollar and the decline of oil have driven Canadian small business confidence levels to new post-recession lows in January as the national Business Barometer® Index dropped to 54.3, about 10 points below the level associated with normal economic growth. "We're still caught in the throes of the fallout from the flailing resources sector that's been sending Alberta spiraling downward and dragging the rest of the country along with it," said [Read more]
Archives for January 2016
Blackbird Energy Inc. Announces Top-Tier 1,768 Boe/d Elmworth Middle Montney Production Test Results
CALGARY, ALBERTA--(Marketwired - Jan. 28, 2016) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is very pleased to announce production test results from its 2-20-70-7W6 ("2-20") Middle Montney well at Elmworth. The production test result of 1,768 Boe/d ranks the 2-20 well in the top tier of well results in the Montney. Results from the final 24 hour test are as follows: Well Average Flowing Casing Pressure (kPa) (1) Raw Gas (MMcf/d) [Read more]
Bonavista Energy Corporation Reports Finding and Development Costs of $7.26 per boe and Fourth Quarter Operating Costs Below $6.00 per boe, Both the Lowest in Over a Decade
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report that our 2015 exploration and development ("E&D") program has resulted in a finding and development cost of $7.26 per boe on a proved plus probable basis. For the year ended December 31, 2015, we invested $283.4 million (unaudited) into the development of the key plays in our two core areas. This has resulted in average production of 79,288 boe per day for 2015, a 3% [Read more]
Rock Energy Inc. Provides Update on Credit Facilities
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Corporation") announces that in light of recent industry conditions, Alberta Treasury Branches has rescinded its agreement to implement the syndicated credit facilities announced on December 10, 2015. As a result, Rock will maintain its existing credit facilities with its current lender (the "Current Credit Facility"). The Current Credit Facilities provide for a borrowing base of $75 million with an [Read more]
Global and China Needle Coke Industry Report, 2015-2018
LONDON, Jan. 27, 2016 /PRNewswire/ -- Needle coke with low electrical resistance, strong shock resistance and good anti-oxidation ability has been widely used in ultra high power graphite electrode, nuclear reactor deceleration materials and LIB anode materials. There are coal-based needle coke and oil-based needle coke. From 2006 to 2014, the global needle coke capacity was expanded slowly at 3.6%, mainly because of the capacity expansion control by the industry's giants to maintain high profit [Read more]
Southern Africa Oil & Gas Market 2015-2025: Upstream Exploration & Development and Midstream Infrastructure Spending in Angola, Namibia, South Africa, Mozambique, Tanzania & Madagascar
LONDON, Jan. 27, 2016 /PRNewswire/ -- Report DetailsVisiongain has calculated that the Southern African oil and gas market will see capex of $18.55bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure.Southern Africa is the single largest region of Africa, a region that includes a diverse range of economies all at varying stages in terms of oil and gas industry development. OPEC member Angola and newcomer Namibia on the West coast are set [Read more]
Alberta supports new federal pipeline review rules to help get pipelines built
EDMONTON - Alberta Environment Minister Shannon Phillips says that she stands behind any federal government plan that will bolster the chances of getting pipelines built.Phillips was responding to new initiatives announced by Ottawa surrounding resource projects, including two pipelines to get Alberta crude to ports so it can be sold overseas.Federal reviews of those projects must now take into account upstream greenhouse gas emissions.Ottawa also extended the review periods for the Trans [Read more]
Five Things to know about Ottawa’s new review process for resource projects
OTTAWA - Five things to know about pipeline approvals in Canada:— National Energy Board hearings on Kinder Morgan twinning its Trans Mountain pipeline are almost over; the government is extending the deadline for a decision by four months, pushing it to next December, to allow for an examination of the greenhouse gas emissions created during the extraction and processing of oil destined for the new line. In the case of TransCanada's controversial Energy East project, for which hearings have not [Read more]
Suncor Energy to release fourth quarter 2015 financial results
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Suncor will release its fourth quarter financial results on Wednesday, February 3, 2016 before 8:00 p.m. MT (10:00 p.m. ET). A teleconference to review the fourth quarter will be held on Thursday, February 4 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Steve Williams, president and chief executive officer and Alister Cowan, executive vice president and chief financial officer. A question and answer period will follow [Read more]
Enbridge Acquires Montney Natural Gas Assets from Murphy Oil Corp.
CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (the "Company") today announced the $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from the Canadian subsidiary of Murphy Oil Corporation (Murphy) (NYSE:MUR). "This acquisition fits extremely well with Enbridge's low risk value proposition and supports our key priority of extending and diversifying growth," said C. Gregory Harper, President of [Read more]
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