MONTREAL - Opponents of oil and gas development in Quebec say they're prepared to ramp up their fight amid expectations that the provincial government could release new regulations on resource extraction in the coming weeks. At the end of last year, the government passed legislation to enable production of oil and natural gas. In May, Natural Resources Minister Pierre Arcand said rules governing that activity would be released a month later and since then, both industry and opponents [Read more]
Archives for July 2017
Anadarko Reaches Significant Mozambique LNG Milestone
HOUSTON, July 31, 2017 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced that it had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements. "This is a key milestone on the path to a final investment decision [Read more]
Canadian heavy oil plugs gap left by OPEC, Latam
Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Organization of the Petroleum Exporting Countries and non-OPEC Latin American countries such as Mexico and Colombia, leading refiners as far away as China to look to Alberta's oil sands to fill the gap. The interest has boosted the price for heavy Western Canada Select (WCS) oil, which is within range [Read more]
MEG Energy to hold conference call with its note holders to discuss second quarter 2017 financial and operating results
CALGARY, July 28, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) announces that in keeping with the requirements under its indentures, the company will hold a conference call with its note holders to discuss the company's financial and operating results for the second quarter ended June 30, 2017. The call is scheduled for 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Tuesday, August 1, 2017. The North American toll-free conference call number is 1-888-231-8191. The international conference [Read more]
Enbridge Energy Partners, L.P. Declares Distribution for Second Quarter 2017
HOUSTON, TX--(Marketwired - Jul 28, 2017) - Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP or the Partnership) announced today that the Board of Directors of Enbridge Energy Management, L.L.C. (EEM), the delegate of the Partnership's general partner, has declared a quarterly cash distribution of $0.35 per unit, or $1.40 per unit on an annualized basis, on all of the Partnership's outstanding units for the quarter ended June 30, 2017. The approved distribution remains unchanged from the [Read more]
Canada Weekly Rig Count Up 14 to 220
Western Canada’s fleet of drilling rigs increased this week to 220 actively drilling rigs according to data collected by Baker Hughes for the week of July 28. From one week ago, Alberta rig counts increased to 146 rigs from 132, the Saskatchewan rig count remained at 42. Oil drilling increased to 129 rigs from 118; gas rigs increased to 91 from 88. View a full breakdown of western Canada’s rig activity. [Read more]
Kinder Morgan Canada Limited Files Q2 Consolidated Financial Statements and Management’s Discussion & Analysis
CALGARY, July 28, 2017 /CNW/ - Kinder Morgan Canada, Limited (TSX: KML) today filed on SEDAR its unaudited interim consolidated financial statements and management's discussion and analysis for the three and six month periods ended and as of June 30, 2017. Kinder Morgan Canada Limited (TSX: KML) is responsible for and is the holder of a 30 percent interest in a portfolio of strategic energy infrastructure assets across Western Canada. The financial results of the entire suite of assets held [Read more]
Toscana Energy Announces Second Quarter 2017 Results
CALGARY, Alberta, July 28, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX:TEI) announces financial and operating results for the second quarter ended June 30, 2017. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2017. This news release [Read more]
U.S. drillers add fewest oil rigs in a month since May 2016 -Baker Hughes
U.S. energy companies added 10 rigs in July, the fewest of any month since May 2016, as recent declines in crude prices have slowed the pace of a 14-month drilling recovery. The rig count has slowed as several U.S. exploration and production (E&P) companies reduced capital spending plans. Drillers added two oil rigs in the week to July 28, bringing the total count up to 766, the most since April 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed [Read more]
Oil and gas, border taxes and a vanishing deadline: federal politics this week
OTTAWA - Even as Ottawa was overrun with tourists hoping to catch a glimpse of two giant robots shaped like a dragon and a spider strolling through the capital this week, there were enough politicos left around Parliament Hill to natter for days about Rolling Stone. Prime Minister Justin Trudeau graced the magazine's latest issue on Monday, and was gifted a gushing profile that compared him ever-so-positively to U.S. President Donald Trump. The heap of flattering international [Read more]
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