CALGARY - Court proceedings against Husky Energy Ltd. related to a pipeline leak into the North Saskatchewan River have been adjourned until June 21 after a brief appearance in Lloydminster, Sask., provincial court. The Calgary-based oil and gas producer says it requested the adjournment on Friday to have more time to review a total of 10 charges of violating Saskatchewan and federal environmental laws. The charges were announced earlier this week after a 19-month joint [Read more]
Archives for March 2018
New shipment of Canadian LNG to set sail to meet growing Chinese demand
SURREY, BC, March 29, 2018 /CNW/ - China's desire for liquefied natural gas is growing and China Energy Reserve and Chemicals Group is working with FortisBC to export Canadian LNG to help meet that demand. Twenty LNG containers are currently being filled for CERCG at FortisBC's Tilbury facility and will set sail for China shortly. More LNG shipments are being planned throughout 2018 to help CERCG meet the energy needs of its customers with a lower carbon alternative to more traditional [Read more]
Customers blame efficiency drives at railroads for backlogs over winter months
MONTREAL - Canada’s two largest railways are hoping the spring thaw will help them recover from a winter of delays and complaints brought about by the combination of brutally cold conditions and unexpectedly high demand — and defrost the resulting icy relations with customers. Canadian National Railway and Canadian Pacific Railway have faced intense scrutiny over extended shipping delays this winter that have created a backlog in grain shipments. They point, largely, to a [Read more]
Toscana Energy Announces Proposal to Amend its Convertible Debentures
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) announces that it will seek the approval of holders (the "Debentureholders") of its 6.75% convertible unsecured subordinated debentures due June 30, 2018 (the "Debentures") to approve certain amendments to the trust indenture between the Corporation and Valiant Trust Company (which was acquired by Computershare Trust Company of Canada) dated as of the 11th day of [Read more]
Occidental Petroleum to Announce First Quarter Results Tuesday, May 8, 2018; Hold Conference Call Wednesday, May 9, 2018
HOUSTON, March 29, 2018 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) will announce its first quarter 2018 financial results after close of market on Tuesday, May 8, 2018, and will hold a conference call to discuss results on Wednesday, May 9, 2018, at 11 a.m. Eastern/10 a.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at www.oxy.com/investors. Participants may pre-register for the [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Year End 2017 Results and Operational Update
CALGARY, March 29, 2018 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its audited consolidated financial statements, Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2017. RECENT HIGHLIGHTS Financial Earnings Highlights Tidewater delivered its tenth consecutive quarter of growth reporting Adjusted EBITDA of $17.0 million or $0.05 [Read more]
Calvin Helin to keynote address about Eagle Spirit Pipeline at SPE/CHOA Slugging it Out Conference on April 17 in Calgary.
The SPE/CHOA Slugging it Out Conference is only 3 weeks away – Register today! This year’s Slugging it Out, themed ‘Cruder Things’, is an industry favorite you don’t want to miss. The annual one-day conference, organized jointly by SPE and CHOA, is in its 26th year of providing project updates, new technology and innovative solutions to oil and gas professionals. Be sure to join us on Tuesday, 17 April at the BMO Centre at Stampede Park in Calgary, Alberta. The conference will feature an [Read more]
Clearview Resources Ltd. Announces Proposed Acquisition of Bashaw Oil Corp. and Appointment of President & CEO
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview”) announces that it has entered into an amalgamation agreement dated March 27, 2018 with Bashaw Oil Corp., a private company (“Bashaw”), with respect to the amalgamation of Bashaw with 2106458 Alberta Inc. (“Clearview Subco”), a newly incorporated, wholly-owned subsidiary of Clearview established to effect a “three-cornered” amalgamation, whereby Bashaw and Clearview Subco will amalgamate. Pursuant to the [Read more]
Waterous Energy Fund Announces Entry Into Arrangement Agreement With Cona Resources Ltd.
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Waterous Energy Fund announced that certain of its affiliates, Waterous Energy Fund (International) L.P. and Waterous Energy Fund (Canadian) L.P. (collectively, “WEF”), entered into an arrangement agreement (the "Arrangement Agreement") with Cona Resources Ltd., ("Cona") on March 27, 2018, whereby WEF agreed to acquire all of the common shares of Cona ("Common Shares") not currently owned by WEF pursuant to a plan of arrangement under [Read more]
Saskatchewan premier says bill that includes carbon tax took him by surprise
REGINA - Saskatchewan Premier Scott Moe says his government was taken by surprise by federal legislation that calls for imposing a carbon tax on the province. Moe says the federal Liberals didn't give Saskatchewan any notice of the bill that was introduced Tuesday in Ottawa. He says he is not aware of the details of the federal legislation but reiterated that his government plans to challenge it in court. Saskatchewan is the only province that has refused to sign the federal [Read more]
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