Calgary, Alberta (FSCwire) - Perisson Petroleum Corporation (“Perisson” or the “Company”) (TSXV:POG) clarifies it August 21, 2018 press release announcing a Memorandum of Understanding to raise up to USD $50 million through an equity private placement and provides additional updates as to its current proposed transactions. On August 21, 2018 the Company signed an MOU with Lan Cheng Limited, a private investment fund (the “Fund”), as disclosed in its recent August 21, 2018 press release. [Read more]
Archives for August 2018
Advantage Announces U.S. Delisting and Deregistration
CALGARY, Aug. 31, 2018 /CNW/ - On August 31, 2018 the board of directors (the "Board") of Advantage Oil & Gas Ltd. ("Advantage" or the "Company") approved the delisting of the Company's common shares (the "Common Shares") from the New York Stock Exchange ("NYSE"). On August 31, 2018, the Company notified the NYSE of its intention to file a Form 25 with the Securities and Exchange Commission (the "SEC") on or about September 10, 2018 to effect the voluntary delisting from the NYSE of the [Read more]
Trans Mountain expansion could be delayed for years by court decision: experts
VANCOUVER - The Federal Court of Appeal's decision to quash Ottawa's approval of the Trans Mountain pipeline expansion is likely to delay the project for years, legal and political observers say. The ruling means the National Energy Board must consider the impacts of increased tanker traffic on the marine environment and the federal government must consult more meaningfully with First Nations. The energy board should first conduct its new review, which will involve receiving written [Read more]
National Energy Board orders halt to all work activity on Trans Mountain pipeline
CALGARY - The National Energy Board has ordered construction on the Trans Mountain pipeline to stop, a day after the Federal Court of Appeal quashed the approval of the project and nullified the NEB certificate. In the absence of a certificate, the economic regulatory agency says it expects Trans Mountain to cease all construction work on the pipeline in a manner that minimizes environmental impact. The NEB will also monitor the project and take any steps necessary to ensure [Read more]
Pipeline politics leave Canada’s prime minister in peril
With one surprise court ruling, Canadian Prime Minister Justin Trudeau faces the risk of contesting next year's election with key pieces of his economic and environmental plans in ruins. The Federal Court of Appeal overturned on Thursday the Liberal government's 2016 approval to expand Trans Mountain, a critical pipeline to link Canadian crude with foreign markets, followed hours later by Alberta's tit-for-tat withdrawal from Trudeau’s climate plan. The day's events [Read more]
Range Declares Quarterly Dividend
FORT WORTH, Texas, Aug. 31, 2018 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter. A dividend of $0.02 per common share is payable on September 28, 2018 to stockholders of record at the close of business on September 14, 2018. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas, NGL and oil producer with operations focused in [Read more]
U.S. crude-by-rail shipments rose by 61,000 bpd in June-EIA
U.S. shipments of crude oil via rail in June rose by 61,000 barrels per day (bpd) from the previous month to 465,000 bpd, according to data released Friday by the U.S. Energy Information Administration. Shipments within the United States in June rose by 53,000 barrels per day (bpd) from the previous month to 252,000 bpd, while shipments from Canada to the United states rose by 8,000 barrels per day (bpd) from the previous month to 213,000 bpd.Summary April-18 [Read more]
U.S. drillers add oil rigs for the first time in three weeks
U.S. energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, while the rig count inched up this month as drilling steadied over the last three months. Drillers added two oil rigs in the week to Aug. 31, bringing the total count to 862, the General Electric Co unit said in its closely followed report. The oil rig count rose by one in August after gaining three rigs in July and losing one in June. U.S. crude futures were on [Read more]
Danger to oil demand from trade wars may offset price boost from Iran
Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade tensions, although falling supply, particularly from Iran, would likely limit losses, a Reuters poll showed on Friday. A survey of 45 economists and analysts forecast Brent crude to average $72.71 a barrel in 2018, 16 cents lower than the $72.87 projected in the previous month’s poll and above the $71.96 average so far this [Read more]
Now you see it, now you don’t: oil surplus vanishes ahead of Iran deadline
LONDON (Reuters) - An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices. Iran’s oil exports are already dropping fast as refiners scurry to find alternatives ahead of a reimposition of U.S. sanctions in early November, which in turn has helped drain a glut of unsold oil. The millions of unsold barrels of crude that had pooled around northwest [Read more]
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