OTTAWA - Oilsands projects that use steam to release bitumen from deep underground will likely get a pass from new federal environmental assessment rules — but Ottawa is still considering how to deal with those that use solvents instead of water. An official with Environment Minister Catherine McKenna's office says consultations are still ongoing over which of the so-called "in situ" projects will trigger a review under the new Impact Assessment Act. The official, speaking on condition of [Read more]
Archives for April 2018
Enbridge Energy Partners, L.P. Declares Distribution for First Quarter 2018
HOUSTON, TX, April 27, 2018 /CNW/ - 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 March 31, 2018. The approved distribution remains unchanged from the [Read more]
Vermilion Energy Inc. Reports Voting Results of Election of Directors
CALGARY, April 27, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to announce that at its annual meeting of shareholders held on April 26, 2018 each of the nine nominees were elected as directors of the Company. The detailed results of the vote by ballot are as follows: Votes for Votes Withheld Number Percent (%) Number Percent (%) Lorenzo Donadeo 77,444,043 97.09% 2,318,218 2.91% Larry J. [Read more]
Oklahoma gains 6 rigs as US rig count rises to 1,021
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,021. At this time a year ago there were 870 active rigs. Houston oilfield services company Baker Hughes reported Friday that 825 rigs drilled for oil this week and 195 for gas. One was listed as miscellaneous. Among major oil- and gas-producing states, Oklahoma added six rigs, Texas gained four, North Dakota added three, Louisiana and Ohio each gained two and [Read more]
U.S., Japanese-based firms named as prime contractor for B.C. LNG plant
VANCOUVER - The international consortium behind plans for a liquefied natural gas terminal on British Columbia's north coast has awarded the contract to design and build the proposed $40-billion project. A news release from Texas-based Fluor Corp., says it and JGC Corp., based in Japan, have been approved as joint venture contractors for the engineering, procurement and construction of LNG Canada's planned export facility in Kitimat. The award of the estimated multibillion-dollar contract [Read more]
BC LNG plant selects contractor, edges closer to reality
A proposed $40 billion liquefied natural gas export terminal on British Columbia’s coast edged closer to reality on Friday, as the company behind the project said it had chosen a contractor to lead project construction once financing is in place. A JGC Corp and Fluor Corp joint venture has been selected to do the final engineering, procurement and construction for the LNG Canada terminal, with a final investment decision on the build still expected later this year, LNG Canada said. LNG [Read more]
Mayor: Evacuation order lifted following refinery blast
An evacuation order was lifted early Friday in northwest Wisconsin where a refinery plant explosion injured at least 11 people and sent billowing plumes of black smoke into the air. Superior Mayor Jim Paine said all indications are that the refinery site is now safe and stable, and that the air quality is normal. He said he lifted the evacuation order just before 6 a.m. Authorities said the fire at the Husky Energy oil refinery was extinguished late Thursday but that the evacuation order [Read more]
Panhandle Oil and Gas Inc. Announces Fiscal 2018 Second Quarter Financial Results Release Date
OKLAHOMA CITY, April 27, 2018 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced today that it plans to release results for its fiscal 2018 second quarter and six months ended March 31, 2018, on Monday, May 7, 2018. Panhandle Oil and Gas Inc. (NYSE: PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the Internet at www.panhandleoilandgas.com. SOURCE Panhandle Oil and Gas Inc. [Read more]
Imperial Oil reports first-quarter profit up from year ago, increases dividend
CALGARY - Imperial Oil Ltd. raised its dividend as it reported its first-quarter profit improved compared with a year ago. The company said it would pay a dividend of 19 cents in its second quarter, up from an earlier payment to shareholders of 16 cents. The increase came as Imperial reported it earned $516 million or 62 cents per share, up from $333 million or 39 cents per share a year ago. Revenue totalled $7.9 billion, up from nearly $7.2 billion. Imperial says its [Read more]
Canadian Spirit Resources Inc. Announces Year End 2017 Financial Results
CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its financial results for the three and twelve months ended December 31, 2017 including the filing of its 2017 annual audited Financial Statements, Management Discussion and Analysis (“MD&A”), and Forms 51-101F1, F2 and F3. This news release summarizes information contained in the audited Financial Statements and MD&A for the [Read more]
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