LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North American LNG export project for two years and was expected to launch a new wave of such projects in the region. Petronas, the Malaysian oil and gas company that bought a 25 [Read more]
Archives for November 2018
Pengrowth Provides Lindbergh Heavy Oil Differential Update for October and November With More Than 90% of Production Protected From Spot Pricing
Lindbergh On Track to Exit 2019 at 19,000 Barrels Per Day with November Month-to-Date Production That Has Averaged an Estimated 18,700 Barrels Per Day CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported the realized pricing and differentials for Lindbergh diluted bitumen (“Dilbit”) for the months of October and November. For the remainder of 2018, Pengrowth’s market access strategy includes two apportionment [Read more]
Great Plains Seismogenic Study: whose fault is it?
PFS Interpretations Ltd. is offering a study investigating Upper Cretaceous faults and fractures that occur beneath the Great Plains of North America. “Many Upper Cretaceous hydrocarbon bearing reservoirs can be interpreted with simple models based upon volcanic eruptions and earthquakes. In this study we present evidence showing how these reservoirs have been affected by these faults and fractures during the Late Cretaceous,” says Dr. Andy St-Onge, who first noticed the faults about 10 years [Read more]
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Ensign and Trinidad agree to replace Trinidad board; Ensign controls approximately 66.73% of Trinidad
Surpassing the 66 2/3% mark ensures that Ensign will be able to complete a subsequent acquisition transaction to acquire the remaining Trinidad Shares Ensign and Trinidad agreed to replace Trinidad board of directors Precision Drilling arrangement agreement with Trinidad terminated Shareholders who have not tendered can tender today by contacting Kingsdale Advisors at 1-866-581-1514 or by e-mail at contactus@kingsdaleadvisors.com CALGARY, Nov. 28, 2018 /CNW/ - Ensign Energy Services [Read more]
Atmos Energy Corporation Prices Common Stock Offering of 7,008,087 Shares
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) announced today that it has priced its public offering of 7,008,087 shares of its common stock at a public offering price of $92.75 per share. Of the 7,008,087 shares of Atmos Energy common stock being offered, Atmos Energy is selling 5,390,836 shares to the underwriters in the offering, and the forward counterparties (as defined below) are borrowing and selling to such underwriters 1,617,251 [Read more]
New Brunswick legislators set to vote on partial lifting of fracking moratorium
FREDERICTON - The potential for New Brunswick's new Tory government to partially lift a province-wide moratorium on fracking for natural gas should be known within days. The issue has been a contentious one, with much political jousting as the new Tory minority tries to lift the moratorium in the Sussex area, where Corridor Resources has been in gas production for 20 years. The Tories have introduced an amendment to their throne speech to urge the government to move ahead with gas [Read more]
Alberta to buy rail cars; expects deal within weeks
Alberta is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said on Wednesday, as the energy-rich province takes actions to move oil stuck in the region because of a lack of pipeline capacity. Notley, who says the cars are needed to help deal with stranded oil that has slashed the price of Alberta oil, told a business audience she was disappointed that the federal government was not helping fund the [Read more]
Alberta buying its own rail cars to move oil without feds, Notley says
OTTAWA - Alberta Premier Rachel Notley says her government will buy its own rail cars to transport more oil to market. She says her province wanted co-operation from the federal government to buy them, but with Alberta oil prices just about at record lows, it can't wait any longer. While plans for pipelines are stalled, Notley wants other means to get the product from Alberta's oilpatch to buyers. The deal should be done within weeks and Alberta expects the two new train [Read more]
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share And Preferred Share Dividends
CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending December 31, 2018: Shares TSX Stock Symbol Dividend per ShareCommon Shares BIR $0.025Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The dividends are payable on December 31, [Read more]
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