EDMONTON - A man and a woman from Edmonton have been charged in the theft of chemicals from an oil and gas company. Police say the local company reported an alleged theft in November 2017 after an audit found a discrepancy in inventory. The company said it believed more than 2,700 kilograms of chemical had been stolen by an employee in late 2010. Detectives determined that about US$580,000 worth of the chemical had been stolen and exported to the eastern United States. [Read more]
Archives for April 2019
Peyto Exploration & Development Corp. Announces Amendments to Standard By-Laws Including Adoption of Advance Notice Provisions
CALGARY, Alberta, April 02, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to announce that the board of directors (the "Board") of Peyto has approved amendments to the Company's standard by-laws (the "Amended By-laws"). The amendments include certain housekeeping amendments to update the by-laws to current standards being: (i) the increase of quorum requirements for shareholder meetings to a quorum for shareholder meetings to [Read more]
Alberta NDP leader says adversary’s anti-Trudeau broadsides show poor leadership
CALGARY - Alberta NDP Leader Rachel Notley says it's short-sighted and irresponsible for her UCP opponent to keep attacking her relationship with Prime Minister Justin Trudeau. Notley says United Conservative Jason Kenney's constant suggestions that she is Trudeau's willing accomplice are nothing more than political game-playing. "Random grandstanding for the sake of short-term political gains at the expense of actual real goals is politically irresponsible. It's not good leadership," [Read more]
Painted Pony Announces Director Appointment of International LNG Expert, Elizabeth Spomer
CALGARY, April 2, 2019 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX:PONY) is pleased to announce that effective April 2, 2019, Ms. Elizabeth (Betsy) Spomer has been appointed to the Painted Pony Board of Directors. Ms. Spomer has over 25 years of experience in large-scale, global LNG projects. Currently Ms. Spomer is a director of Chart Industries Inc., an international company providing LNG equipment and services. From 2014 to 2018, she served as President [Read more]
UCP’s Kenney promises to cut approval times in half for energy projects
TURNER VALLEY, Alta. - Leader Jason Kenney says a UCP government in Alberta would reduce wait times on energy projects to try to make them the fastest in North America. Kenney says approvals for oil wells currently take 1 1/2 year, which he says places Alberta far behind Saskatchewan and U.S. jurisdictions and puts the province at a competitive disadvantage. He says if his party were elected April 16, he would set up legislated targets to cut wait times and would publish data to update [Read more]
Issue of Equity
April 2, 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 as result of market demand it has completed one offering in the United Kingdom (the "UK Financing"), and plans to complete another financing in Canada, which remains subject to TSX-V approval (the "Canadian Financing" and together, the [Read more]
Cenovus asks investors to vote against emissions target motion at annual meeting
CALGARY - Oilsands producer Cenovus Energy Inc. is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. The proposal by the Fonds de Solidarite des Travailleurs du Quebec would force Cenovus to set medium- and long-term targets for its direct and indirect methane and other GHG emissions from operations. The text of the motion in a filing ahead of its [Read more]
GLJ’s April Price Forecast: Rising oil prices and lower volatility – too good to last?
Enjoy the recovery for now, but brace for inevitable disruptions Despite the possibility of oversupply, trade disputes, and slowing economic growth, oil prices have steadily recovered in 2019 – both internationally and in Canada. The hope, as it should be, is that this welcome period of rising oil prices and lower volatility will continue as we move towards 2020. Unfortunately, that hope may be short lived, as the conditions that resulted in significant instability in broad equity markets [Read more]
Oil storage firm Gibson Energy sells trucking assets to grow terminal core
CALGARY - Gibson Energy Inc. says the sale of its trucking arm means it has completed all of the non-core asset sales it targeted a year ago as part of a strategy to focus on its Alberta oil storage and handling assets. The Calgary-based company, which helps send one in four barrels of crude exported from Western Canada through its Hardisty terminal in central Alberta, says it will pocket about $100 million from the sale, bringing its divestiture proceeds to about $325 million since [Read more]
Chesapeake Energy Corporation Announces Final Exchange Results
OKLAHOMA CITY, April 2, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced the final results of its private offers to exchange (the "Exchange Offers") new 8.00% Senior Notes due 2026 (the "New Notes") for certain outstanding senior unsecured notes listed in the table below (the "Existing Notes"). As of 11:59 p.m., New York City time, on April 1, 2019 (the "Expiration Date"), approximately $883.5 million aggregate principal amount, or approximately 59.7%, of Existing [Read more]