CALGARY - Michael Werbisky fondly remembers getting the shaft at the posh Hyatt Regency Hotel during the Calgary Stampede about 10 years ago. The owner of Western Decor and Displays says he won a $50,000 contract to build an old-fashioned gold mine shaft in a hallway for a law firm's Stampede party, along with a saloon set and other rustic decorations. "We had it all done up in black material and the posts were done in rough wood and knee braces and so on, old-fashioned lanterns, [Read more]
Archives for June 2017
RCMP investigate natural gas line blast west of Edmonton, no injuries
STONY PLAIN, Alta. - RCMP are investigating an explosion and fire caused by an apparent natural gas line breach just west of Edmonton. Police said no one was hurt by the blast in Stony Plain, which the fire department says appears to have been triggered when a construction crew hit a gas line. About 300 homes were forced to go without gas for the day, but service was restored by late Thursday evening. Fire officials said weather conditions helped crews minimize damage. [Read more]
Eagle Energy Inc. Announces Proactive Amendments to its Four Year Term Loan Agreement
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Eagle Energy Inc. ("Eagle") (TSX:EGL) today announces that it has proactively worked with its lender, White Oak Global Advisors, LLC ("White Oak") to relax certain financial covenant thresholds in recognition of prevailing low oil prices during the second quarter. As a result, Eagle expects to be onside with all its financial covenants without any need for waivers. White Oak has exhibited a willingness to work as a financial partner with Eagle [Read more]
British Columbia government toppled in non-confidence vote
VICTORIA, British Columbia (Reuters) - British Columbia's Liberal government was defeated on Thursday in a non-confidence vote, as expected, paving the way for the left-leaning New Democrats to rule the Western Canadian province for the first time in 16 years. Such a prospect has unnerved investors in Canada's third-most populous province, not least owners of oil and gas projects such as Kinder Morgan Inc's C$7.4 billion Trans Mountain pipeline expansion, which the New Democratic Party (NDP) [Read more]
Razor Energy Corp. Announces Graduation to Tier 1 Listing on the TSX Venture Exchange
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that it has been approved for graduation to Tier 1 Issuer status from Tier 2 Issuer status by the TSX Venture Exchange (the "TSXV"). With the graduation to a Tier 1 listing, the common shares of Razor ("Common Shares") previously deposited into escrow pursuant to the rules of the TSXV will now be governed by the release provisions of [Read more]
Blackbird Energy Inc. Announces Third Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce its financial and operational results for the quarter ended April 30, 2017. Blackbird's unaudited condensed consolidated interim financial statements and management's discussion and analysis for the quarter ended April 30, 2017 are available on SEDAR at www.sedar.com and are also posted on Blackbird's website at www.blackbirdenergyinc.com. Significant [Read more]
Canada says it wants single body to assess major energy projects
Canada wants a single federal authority to assess the potential impact of oil pipelines and mines, officials said on Thursday, a move that could help quell protests that have blocked a series of projects. Responsibility for examining the environmental impact of projects on federally-regulated land is shared between three separate entities, a system the Liberal government says the public does not trust. Plans released on Thursday mean the much-criticised national energy regulator would lose its [Read more]
Range Announces Conference Call to Discuss Second Quarter 2017 Financial Results
FORT WORTH, Texas, June 29, 2017 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) announced today that its second quarter 2017 financial results news release will be issued Tuesday, August 1 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, August 2 at 9:00 a.m. ET (8:00 a.m. CT). To participate in the call, please dial 866-900-7525 and provide conference code 48401322 about 10 minutes prior to [Read more]
Trump plan would expand oil drilling in Arctic and Atlantic
WASHINGTON - The Trump administration said Thursday it is taking steps to expand oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for U.S. "energy dominance" in the global market. The Interior Department is rewriting a five-year drilling plan established by the Obama administration, with an eye toward opening areas in the Arctic and Atlantic oceans that now are off-limits to drilling. It's one of six initiatives that the president unveiled [Read more]
Alberta hits $10.8 billion budget deficit in 2016-17
Canada's main crude-producing province Alberta ended the 2016-17 fiscal year with a $10.8 billion budget deficit, the government's annual report said on Thursday, as weak oil prices hurt the economy for a third consecutive year. That was C$263 million higher than forecast in the government's original 2016 budget. It reflects the impact of a huge wildfire in the Wood Buffalo region of the oil sands in May 2016 and payments related to the phase out of coal power in the province. The budget [Read more]
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