WASHINGTON - Working to dismantle his predecessor's environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other federal areas to oil and gas exploration. With one day left to rack up accomplishments before he reaches his 100th day in office, Trump signed an order reversing some of former President Barack Obama's restrictions and instructing Interior Secretary Ryan Zinke to review a plan that dictates which [Read more]
Archives for April 2017
Phillips 66 Partners Reports First-Quarter Earnings
Highlights Delivered earnings of $97 million; adjusted EBITDA of $155 million Increased quarterly distribution by 5 percent to $0.586 per common unit Advanced Bayou Bridge and Sand Hills pipeline expansion projects HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces first-quarter 2017 earnings of $97 million, or $0.60 per common unit. Cash from operations was $139 million, and [Read more]
Enbridge Inc. Announces Conclusion and Outcomes of Enbridge Energy Partners, L.P. Strategic Review
CALGARY, ALBERTA--(Marketwired - April 28, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company) announced today that the strategic review of Enbridge Energy Partners, L.P. (NYSE:EEP) (EEP or the Partnership) has been completed. The following actions, together with the previously announced measures earlier this year, have been taken to restore EEP's value proposition to its unitholders and to Enbridge. Acquisition of Midcoast Assets - Enbridge, through its wholly owned U.S. [Read more]
Enbridge Energy Partners, L.P. Announces Conclusion of Strategic Review and Declares Distribution for First Quarter 2017
HOUSTON, TX--(Marketwired - Apr 28, 2017) - Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP or the Partnership) announced today that it has concluded its strategic review and taken several comprehensive actions to strengthen the Partnership's financial position and outlook. The actions, taken together with its general partner, Enbridge Energy Company, Inc. (EECI or the General Partner), a subsidiary of Enbridge Inc. (NYSE: ENB) (Enbridge), position the Partnership as a pure-play, liquids [Read more]
Expected Increase in Railway Fuel Costs Contributes to a 4.1 percent Increase in the Volume-Related Composite Price Index for Crop Year 2017-2018
OTTAWA, April 28, 2017 /CNW/ - The Canadian Transportation Agency (Agency) announced a 4.1 percent increase in the Volume-Related Composite Price Index (VRCPI), which is used in determining the Maximum Revenue Entitlement (MRE) for the Canadian National Railway Company (CN) and the Canadian Pacific Railway Company (CP) for the movement of western grain. Determination No. R-2017-37 sets the VRCPI at 1.3817 for the 2017‑2018 crop year, which will begin on August 1. [Read more]
Samson Oil & Gas Lodges Quarterly Report and Appendix 5B for Quarter Ended 31 March 2017
DENVER & PERTH, Australia--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises that it has filed its Quarterly Report and Appendix 5B for the quarter ended 31 March 2017. The report is now available on the Company’s website: www.samsonoilandgas.com For and on behalf of the board ofSAMSON OIL & GAS LIMITED TERRY BARRManaging Director Statements made in this press release that are not historical [Read more]
Job Opportunities Poised for Growth in the Emerging Canadian Methane Services Industry, According to New Market Survey
CALGARY, AB--(Marketwired - April 28, 2017) - An analysis by the Methane Emissions Leadership Alliance (MELA), an industry association of Canadian methane management technology and service providers, projects job growth for local companies providing methane management solutions to the oil and gas industry. Many businesses in this sector plan to increase their total number of workers to meet an uptick in demand from oil and gas producers when the Canadian federal and Alberta methane rules are [Read more]
April 26 Alberta Land Sale Earns $26.6 Million
This week's Alberta land sale has earned the province $26.6 million in Lease and License fees from petroleum and natural gas leases. The total for the first seven sales of 2017 so far is $109.3 million, compared to $39.3 million earned by this time last year. The interactive map below shows the lease locations. There were a total of 103 parcels with successful bids for this sale. The chart below illustrates the trend of the Alberta land sales since the beginning of the year and also [Read more]
Suncor CEO says more oilsands deals may appear in ‘exodus’ of foreign firms
CALGARY — Suncor Energy (TSX:SU) has a potential opportunity to make further purchases in Alberta's oilsands if foreign multinationals continue to exit the sector, the oil and gas company's chief executive said Thursday. Suncor feels no pressure to buy but is watching closely for opportunities and has the financial strength to act, Suncor CEO Steve Williams on a conference call with analysts. Williams said he doesn't think the "exodus" from the Alberta oilsands by big international [Read more]
Baytex Conference Call and Webcast on First Quarter 2017 Results to be Held on May 5, 2017
CALGARY, Alberta, April 27, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) will release its 2017 first quarter financial and operating results after the close of markets on Thursday, May 4, 2017. A conference call and webcast will be held on Friday, May 5, 2017 to discuss the results and address investor questions.Conference Call Details: Date:Friday, May 5, 2017Time:9:00 a.m. MDT (11:00 a.m. EDT)Dial-in:647-427-2258 (Toronto Local and International)1-866-226-4099 (North [Read more]
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