HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for March 2019 was 1,039, up 12 from the 1,027 counted in February 2019, and up 67 from the 972 counted in March 2018. The international offshore rig count for March 2019 was 247, down 3 from the 250 counted in February 2019, and up 62 from the 185 counted in February 2018. The average U.S. rig count for March 2019 was 1,023, down 26 from the 1,049 [Read more]
Archives for April 2019
B.C. government to consider ‘relief’ for record gas prices: Horgan
Premier John Horgan says the B.C. government will consider "some relief" for those who can't afford record high gas prices. Horgan said his government will monitor prices at the pumps over the summer after they reached a record of almost $1.64 a litre Thursday in Metro Vancouver. But he also suggested provincial taxes aren't the only factor affecting prices. "We'll see how it goes through the summer and if there's an opportunity to have the province step in and help, we'll do that. But [Read more]
Marksmen Announces Granting of Stock Options
CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX Venture: MAH) (OTCQB: MKSEF) announces the granting of stock options to purchase 1,030,000 common shares of the Company to directors, officers, employees and consultants subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.10 per share, vest as to one-third (1/3) immediately and one-third (1/3) on each of the first and second [Read more]
B.C. premier says final pieces of massive LNG Canada project now in place
VICTORIA - The British Columbia government has secured the last steps of the fiscal framework for liquefied natural gas projects in the province. The legislative assembly passed the Income Tax Amendment Act Thursday, and Premier John Horgan says that will secure the largest private-sector investment in Canadian history. The joint venture, which includes Petronas, Shell Canada Energy and PetroChina Canada Ltd., announced last year that LNG Canada's $40-billion project on B.C.'s northern [Read more]
Chevron seeks NEB licence that could nearly double production at Kitimat LNG
CALGARY - Chevron Canada has applied to the National Energy Board to nearly double the potential size of the Kitimat LNG facility it hopes to build with Australian partner Woodside Energy. In a filing dated Monday and posted on the NEB website, the Canadian branch of California-based giant Chevron Corp. says it is applying for a 40-year licence to export up to 28.23 billion cubic metres of natural gas per year, with commissioning of the facility taking place by 2029. That's the equivalent [Read more]
Ottawa considers approval of B.C. methane rules called ‘weak’ in report
The federal government has proposed accepting British Columbia's rules to cut methane emissions that cause climate change despite an independent report that says the regulations would be weaker than Ottawa's. Some environmental groups fear the same could happen in Alberta and Saskatchewan, which they say would make it harder for Canada to meet its greenhouse gas commitments. "It's a weak first step," said Jan Gorski of the Pembina Institute, a clean energy think-tank. "If they're [Read more]
Tanager Energy Changes Name to Paleo Resources
CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces that the Corporation will change its name to “Paleo Resources, Inc.” effective April 10, 2019. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “PRE” at market open on Wednesday, April 10, 2019. There is no consolidation or change in the share capital. Common share [Read more]
Tamarack Valley Energy Ltd. Provides Update on Current NCIB and Receives TSX Approval for New NCIB
TSX: TVE - CALGARY, April 4, 2019 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to provide an update on the current normal course issuer bid (the "Current NCIB") and announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Tamarack's intention to commence a new normal course issuer bid (the "New NCIB") on April 8, 2019. The Current NCIB commenced on April 6, 2018 and will conclude on April 5, 2019. Under the Current NCIB, 3,309,900 shares [Read more]
Cenozon’s Latest Innovation: In-Line Inspections Module
Cenozon is leading the industry in asset integrity management software for oil and gas producers in Canada, striving to enhance industry performance by making work easier, faster, and less costly with PRIM: Cenozon’s pipeline integrity risk management software. Following an April 2018 roundtable with industry professionals, Cenozon discovered a reoccurring problem that has become a source of pain for operators - which is how ILI reports are processed. Data inconsistency across multiple ILI [Read more]
Crude-by-rail rises in March but storage high despite Alberta curtailments
CALGARY - Crude-by-rail shipments from Western Canada staged a minor recovery in March after falling in February to their lowest level in nine months, but oil storage levels remain stubbornly high, according to Genscape. The U.S. company, which monitors western Canadian rail terminals handling about 80 per cent of typical volumes, reported Wednesday that average rail loadings in March were 150,000 barrels per day. That's up from an average of 144,000 bpd in February, but down [Read more]
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