HOUSTON, Oct. 2, 2017 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) will host its third quarter 2017 earnings conference call on Friday, October 27, 2017 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. To access the live audio webcast, please visit the Investor Relations section of the Company's website at www.cabotog.com. A replay of the call will also be available on the Company's website. Cabot [Read more]
Archives for October 2017
Harvest Operations Corp. Announces Repayment of U.S. $282.5 Million 6 7/8% Senior Notes
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Harvest Operations Corp. ("Harvest" or the "Company") is pleased to announce that it has repaid in full Harvest's outstanding approximately U.S.$282,500,000 aggregate principal amount of 67/8% Senior Notes (the "Notes") that were due October 1, 2017. In connection with the repayment of the Notes, Harvest has filed Form 15-F with the U.S. Securities and Exchange Commission (the "Commission") in order to terminate its reporting obligations under [Read more]
Chevron Third Quarter 2017 Earnings Conference Call
San Ramon, CA, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, October 27, 2017, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information:Date: Friday, October 27, 2017Time: 11:00 a.m. ET / 8:00 a.m. PTDial-in # (Listen-only mode): 706-634-0892 / 877-604-2078Conference ID #: 91893498 To access the live webcast, visit www.chevron.com. The meeting [Read more]
First Nations begin court challenge against Trans Mountain pipeline expansion
VANCOUVER - Canada's decision to approve an expansion for the Trans Mountain pipeline was a "one-way street" that ignored the economic and title rights of Indigenous people, a lawyer said Monday in the Federal Court of Appeal. Elin Sigurdson outlined arguments against the $7.4-billion project approved last November but now challenged by First Nations, two environmental groups and the cities of Vancouver and Burnaby. Indigenous groups were required to go to tremendous lengths to [Read more]
Inter Pipeline Announces October 2017 Cash Dividend
CALGARY, Alberta, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.135 per share for October 2017. This dividend will be paid on or about November 15, 2017 to shareholders of record on October 23, 2017. This dividend is designated as an “eligible dividend” for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $4.3 billion in cash payments to investors. Inter Pipeline’s [Read more]
Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion
CALGARY - A private Calgary oilsands producer is selling a portion of future production to raise money to expand its northern Alberta project, a funding method gaining traction in a sector having difficulty attracting investors. Osum Oil Sands Corp. said Monday it has approved a 3,000-barrel-per-day expansion of its Orion project to take output to over 12,000 barrels per day by mid-2019. The company said it will pay for the expansion with part of about $92.5 million in cash it [Read more]
Seven Generations completes offering of US$700 million 5.375% senior unsecured notes
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Seven Generations Energy Ltd. (TSX:VII) has completed its previously announced offering of US$700 million aggregate principal amount of 5.375% senior unsecured notes due 2025, which were offered, on a private placement basis, to eligible purchasers (the "Offering"). Seven Generations intends to use the net proceeds of the Offering, together with its cash balances, to repurchase its outstanding US$700 million aggregate principal amount 8.250% [Read more]
Oil drillers, not forecasters, are responsible for WTI weakness
LONDON, Oct 2 (Reuters) - The U.S. Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for U.S. production, according to Harold Hamm, the chief executive of Continental Resources . Hamm, who also chairs the Domestic Energy Producers Alliance (DEPA), a lobbying group, blames EIA for both the outright decline in U.S. oil prices and their underperformance compared with Brent since June. Hamm faults EIA for being too optimistic about U.S. [Read more]
Oil falls more than 2 percent on signs of higher output
NEW YORK (Reuters) - Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices to register their biggest third-quarter gain in 13 years. Iraq announced its exports rose slightly in September while OPEC overall boosted output, a Reuters survey showed. In its report on Friday, General Electric Co’s Baker Hughes energy services firm said drillers added six oil rigs in the week to Sept. 29, bringing the [Read more]
Pembina Announces Closing of Business Combination with Veresen, Declares Increased Common Share Dividend and Provides Business Update
All figures are in Canadian dollars unless otherwise indicated CALGARY, Oct. 2, 2017 /PRNewswire/ - Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) ("Pembina") is pleased to announce that it has completed its previously announced business combination (the "Transaction") with Veresen Inc. (TSX: VSN) ("Veresen") pursuant to a plan of arrangement (the "Arrangement") under Section 193 of the Business Corporations Act (Alberta) to create one of the largest energy infrastructure companies in [Read more]