CALGARY, ALBERTA--(Marketwired - Jan. 30, 2018) - Suncor today announced it will proceed with the phased implementation of autonomous haulage systems (AHS) at company-operated mines, starting with the North Steepbank mine. Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous vehicles in the world. Following thorough evaluations over the past four years, the company [Read more]
Archives for January 2018
Enbridge Provides Notice of Series D Preferred Shares Conversion Right and Announces Reset Dividend Rates
CALGARY, Jan. 30, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series D (Series D Shares) (TSX: ENB.PR.D) on March 1, 2018. As a result, subject to certain conditions, the holders of the Series D Shares have the right to convert all or part of their Series D Shares on a one-for-one basis into Cumulative Redeemable Preference [Read more]
BlackPearl Announces Onion Lake Construction Update, Provides Q4 Production Data and 2017 Year-End Reserves and Contingent Resource Estimates
CALGARY, ALBERTA--(Marketwired - Jan. 30, 2018) - BlackPearl Resources Inc. ("we", "our", "us", "BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to provide a construction update on its Onion Lake thermal expansion project and Q4 2017 production information, as well as, announce the results of its 2017 independent year-end oil and gas reserve and resource evaluation. Highlights and accomplishments included: Construction of the Phase 2 expansion of the Onion Lake thermal [Read more]
Oasis Petroleum Inc. Announces Passing of Director Ted Collins, Jr.
HOUSTON, Jan. 30, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that Ted Collins, Jr., a member of the Company's Board of Directors, passed away unexpectedly on January 28, 2018. Mr. Collins was appointed to the Company's Board of Directors in February 2011 and served on the Company's Audit and Nominating and Governance Committees. Thomas B. Nusz, Chairman and CEO of Oasis, stated: "We are deeply saddened to announce Ted's passing. On behalf [Read more]
Emerald Bay Provides Update on Kuhn Wells
Calgary, Alberta (FSCwire) - Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) announced today that the Company has completed the initial phase of production testing on the Kuhn 4 well at the Company's Wooden Horse project in Southwest Texas. This phase involved perforating only a one foot interval in the Buda formation in order to test the inflow of oil and the potential inflow of formation water. The well has been producing a continuous oil cut for twenty one [Read more]
Marathon Oil Corporation Declares Fourth Quarter 2017 Dividend
HOUSTON, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 12, 2018, to stockholders of record on Feb. 21, 2018. For more information on Marathon Oil Corporation, visit the Company's website at http://www.marathonoil.com. CONTACT: Media Relations Contact: Lee Warren: 713-296-4103 Investor [Read more]
Williams Partners’ Northwest Pipeline Commences Registered Exchange Offer for its 4.000% Senior Notes Due 2027
TULSA, Okla.--(BUSINESS WIRE)--Northwest Pipeline LLC (“Northwest Pipeline”), a wholly owned subsidiary of Williams Partners L.P. (NYSE: WPZ), announced today that it has commenced an offer to exchange any and all of its $250 million in aggregate principal amount of outstanding 4.000% Senior Notes due 2027 (the “Original Notes”) for an equal amount of its registered 4.000% Senior Notes due 2027 (the “Exchange Notes”). The terms of the Exchange [Read more]
Connacher Announces Bitumen Royalty Transaction, Full Repayment of Interim Revolving Credit Facility and Extension of CCAA Stay
CALGARY, Jan. 30, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that it has received approval from the Court of Queen's Bench of Alberta (the "Court") in its proceedings under the Companies' Creditors Arrangement Act ("CCAA") to grant a bitumen royalty to Burgess Energy Holdings, L.L.C. ("Burgess") on all of the lands (the "Royalty Lands") containing bitumen together with the oil sands rights and interests owned by Connacher (the "Royalty") for [Read more]
Canadian province moves to block increased oil shipments
British Columbia moved on Tuesday to block increased shipments of crude oil through the Pacific Coast province, in the latest blow to Kinder Morgan Canada's proposed C$7.4 billion ($6 billion) Trans Mountain pipeline expansion. The Western Canadian province's environment ministry said it will set up an independent scientific advisory panel to make recommendations on the safe transport of heavy oils and to better prepare for cleanup, in case of spills. The province plans to bar any increase [Read more]
B.C. creates more uncertainty for Trans Mountain with bitumen restriction
CALGARY - The B.C. government has launched its latest effort to hinder development of Kinder Morgan Inc.'s Trans Mountain expansion project with a proposal to at least temporarily restrict increases in diluted bitumen shipments. Environment Minister George Heyman said Tuesday that the province plans to ban the increase of oil exports until it can determine through an advisory panel that shippers are prepared and able to properly clean up a spill. "Our proposal is to restrict the [Read more]
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