MEDICINE HAT, Alta. - United Conservative Leader Jason Kenney says if he were Alberta's next premier he would bring in a law to turn off the oil taps to British Columbia and wouldn't be afraid to use it. In a speech to supporters in Medicine Hat, Kenney said the NDP brought in legislation after pressure from the UCP but never proclaimed it or used it. Kenney says he would proclaim the law in his first day on the job if his party were to be elected on April 16. He says he would make it [Read more]
Archives for April 2019
Approval of Canadian Financing
April 8, 2019 / TheNewswire / Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that it has received conditional approval from the TSX-V for the issue of equity in Canada (the "Canadian Financing"), announced on April 2, 2019. The Company can confirm that the common shares ("New Common Shares") associated with the [Read more]
PetroLMI report predicts 12,500 direct oil and gas sector job losses this year
CALGARY - A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. It says the oil and gas labour market shrank quickly in 2015 and 2016 following a commodity price collapse and remained relatively flat through 2017 and 2018. In its 2019 labour market update, PetroLMI says about 12,500 [Read more]
Notley says federal approval for Trans Mountain pipeline to come by the end of May
EDMONTON - Alberta NDP Leader Rachel Notley says she expects Ottawa to approve the Trans Mountain pipeline to the west coast by the end of May. Notley says the province is closer than ever to getting the pipeline. She says Alberta needs to stick with a strategy to get shovels in the ground. Notley says a growing majority of Canadians, including British Columbia residents, now support the project because they understand it would support jobs and a strong economy. She says that if her [Read more]
John Robson: Get rid of gas… hey, where’s the gas?
Here come the unicorns. Or so we’d better hope. Because if they don’t hop onto the treadmill and start churning out power things are going to get kind of chilly and hungry. Not to say awkward. Look no further than the absurd statement by B.C. Premier John Horgan that if gas prices didn’t fall soon he would do some unspecified thing to bring “some relief”. According to the Globe & Mail, “Horgan said he can’t explain a 12 cent a litre increase and perhaps the industry should invest more in [Read more]
Questerre engages financial advisor for Quebec strategic advisors
CALGARY, Alberta, April 08, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that it has engaged Industrial Alliance Securities Inc. (“iA Securities”), a leading Quebec-based investment firm to provide advisory services with respect to finding Quebec-based strategic investors for its clean tech energy project. The clean tech energy project seeks to develop the Company’s multi-Tcf natural gas discovery in the province of Quebec using [Read more]
One Question Remains As The US Moves Closer To Drilling In ANWR: How Much Oil Is There?
The Arctic National Wildlife Refuge’s (ANWR) coastal plain, or 1002 area, could hold billions of barrels of oil and natural gas, but the results of the only test well drilled in the refuge has been kept secret for decades. The New York Times recently tried to pierce the veil of secrecy of the 1986 test well, called KIC-1, by looking through court documents filed in Ohio and talking with the attorneys involved in the case. “The discovery well was worthless,” said now-retired attorney Sidney [Read more]
TransCanada explores sale of $1 bln Appalachian pipeline unit -sources
Pipeline operator TransCanada Corp is exploring a potential sale of its Columbia Midstream unit in a deal that could value the business at about $1 billion, three sources aware of the matter said on Friday. TransCanada, based in Calgary, British Columbia, is offloading parts of its infrastructure to help finance the $8 billion it has earmarked to spend on new projects in 2019, such as the high-profile Coastal GasLink system and the Keystone XL pipeline, which are likely to generate higher [Read more]
U.S. drillers add oil rigs for first week in seven
U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year.Companies added 15 oil rigs in the week to April 5, the biggest increase since May, bringing the total count to 831, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The rig count fell to its lowest since April 2018 in the previous week.The U.S. rig count, an early indicator [Read more]
Canada Weekly Rig Count Down 20 to 68
Western Canada’s fleet of drilling rigs decreased by 20 rigs to a total of 68 according to data collected by Baker Hughes for the week of April 5th. From last Friday, Alberta rig counts went from 68 to 52. Saskatchewan's rig count from 2 to 1 Oil drilling went from 35 to 22; natural gas rigs went from 53 to 46. View a full breakdown of western Canada’s rig activity. [Read more]
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