EDMONTON - Rachel Notley has made it official, announcing she will run again in the next election, touting her government's record while slamming opponent Jason Kenney as a self-serving policy huckster. "I'm am not done fighting because we have only just begun!" said Notley to a standing ovation in her keynote address Sunday to party faithful. "My name is Rachel Notley, and I am running again to be your premier!" It was one of 15 standing ovations as Notley spoke Sunday to 1,200 [Read more]
Archives for October 2018
Industrial natural gas users put backup plans in action ahead of winter shortage
VANCOUVER - A natural gas shortage projected to stretch through the winter months could mean higher vegetable prices this spring, as gas users from mills to local governments hustle to conserve and find alternative fuel sources. The shortage follows a pipeline explosion near Prince George earlier this month and one of the province's largest utilities, FortisBC, says it means supply will be reduce by 50 to 80 per cent during the coldest months of the year. Linda Delli Santi, executive [Read more]
NEB orders tighter safety measures at B.C. site of natural gas pipeline blast
VICTORIA - The National Energy Board has issued new safety orders for a pipeline explosion site in north-central British Columbia to strictly monitor natural gas flows to protect people and the environment. The federal regulator says in a statement it ordered Calgary-based Enbridge to limit gas flows at 80 per cent pressure levels as a safeguard near the blast site, located about 15 kilometres northeast of Prince George. The Oct. 9 explosion ruptured a 91-centimetre natural pipeline, but [Read more]
Baytex Conference Call and Webcast on Third Quarter 2018 Results to be Held on November 2, 2018
CALGARY, Alberta, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (TSX, NYSE: BTE) will release its 2018 third quarter financial and operating results prior to the opening of markets on Friday, November 2, 2018. A conference call and webcast will be held shortly thereafter to discuss the results. Conference Call Details: Date: Friday, November 2, 2018 Time: 9:00 a.m. MDT (11:00 a.m. EDT) Dial-in: 1-416-915-3239 (Toronto Local and International) 1-800-319-4610 (North America [Read more]
Government support for energy sector growth urgently needed, says bank CEO
CALGARY - The CEO of the Royal Bank says the oil and gas sector is poised to deliver billions of dollars in new revenue to Canadian governments over the next decade by meeting growing global energy demand but it can't do it without urgently needed support. Dave McKay, who has previously taken Ottawa to task over Canada's lagging tax competitiveness with the U.S., says a new RBC study suggests that Canadian governments could earn an extra $195 billion in revenues between now and 2030 with the [Read more]
Vanguard Natural Resources, Inc. to Report Q3 Earnings Results on November 12, 2018
HOUSTON, Oct. 26, 2018 /PRNewswire/ -- Today Vanguard Natural Resources, Inc. (OTC-QX: VNRR) (the "Company" or "Vanguard") announced that the Company will release its earnings results for the third quarter 2018 before the market opens on Monday, November 12, 2018. The Company's senior management team will host a conference call to review the Company's third quarter 2018 earnings results with members of the investment community at 11:00 a.m. Eastern Time (10:00 a.m. Central) on Monday, November [Read more]
PANHANDLE OIL AND GAS INC. Announces Dividend Payment
OKLAHOMA CITY, Oct. 26, 2018 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its Oct. 24, 2018, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on Dec. 6, 2018, to shareholders of record on Nov. 21, 2018. Panhandle Oil and Gas Inc. (NYSE: PHX) Oklahoma City based Panhandle Oil and Gas Inc. is engaged in the acquisition, management and development of non-operated oil and gas properties [Read more]
Canada Weekly Rig Count Up 9 to 200
Western Canada’s fleet of drilling rigs increased to a total of 200 according to data collected by Baker Hughes for the week of October 26th. From one week ago, Alberta rig counts went up 9 to 141. Saskatchewan's rig count decreased from 40 to 38. Oil drilling went from 123 to 124; natural gas rigs increased from 68 to 76. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add oil rigs for third week in a row
U.S. energy firms added oil rigs for a third week in a row for the first time since June, keeping the rig count at its highest in over three years, as declining productivity in some shale fields force companies to drill more to keep output growing.Drillers added two oil rigs in the week to Oct. 26, bringing the total count to 875, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. For the month, the [Read more]
Venezuela, Mexico divert crude to U.S. as Canadian barrels get stuck
Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows. The situation reflects an unusual set of events, including urgent needs by Venezuela and Mexico for cash for debt payments and investment, and demand for heavy crude in the United States due to less availability of Canadian oil, said traders and [Read more]
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