TheNewswire - June 28th, 2019 - Camarico Investment Group Ltd. ("Camarico") is pleased to announce that it has launched a revised website, www.camarico.ca. This new website reflects our new business, name adjustment and recent transition from Cerus Energy Group Ltd. The new website provides our community and business partners with a straightforward and user friendly format, that will simply evolve to best represent our corporate growth and expansion plan while also accommodating the [Read more]
Archives for June 2019
Cerus Energy Changes Name to Camarico Investment Group Ltd.
TheNewswire - June 28 ,2019 - Cerus Energy Corp. ("Cerus") announces that it has formally completed its change of name to Camarico Investment Group Ltd. Cerus will operate under the name of Camarico Investment Group Ltd. effective today. All interests, assets and liabilities of Cerus will remain unaffected, including the rights and privileges of Cerus shareholders. Cerus, under the name of Camarico Investment Group Ltd., has received conditional approval to be listed on the Canadian [Read more]
Pacific Oil & Gas Limited Closes Acquisition of Canbriam Energy Inc.
CALGARY, June 28, 2019 /CNW/ - Pacific Oil and Gas Ltd. ("PO&G") and Canbriam Energy Inc. ("Canbriam") are pleased to announce that PO&G has completed the acquisition of all the issued and outstanding shares of Canbriam. "We welcome the Canbriam team to Pacific Oil and Gas Ltd," said Ratnesh Bedi, President of PO&G. "Our intention is to continue to produce the cleanest natural gas from the Montney region, and to help reduce global GHG emissions by sharing that resource through [Read more]
Higher oil prices, more tax income: Alberta ends 2018-19 with smaller deficit
EDMONTON - Newly released figures show the Alberta government ended the last fiscal year with a deficit more than $2 billion smaller than originally predicted in the budget. Higher oil prices and more than $800 million in additional tax revenue are being credited for shrinking the red number. The figures show resource revenue was up $1.6 billion from what was expected in the 2018-19 budget — the last brought in by Rachel Notley's NDP before a provincial election loss earlier this year to [Read more]
U.S. drillers add rigs for second week in a row
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with oil futures up about 12% over the past couple of weeks despite plans by most producers to cut spending on new drilling this year. The rig count, however, was still down 92, or 10%, since the start of the year. Companies added four oil rigs in the week to June 28, bringing the total count to 793, General Electric Co's Baker Hughes energy services firm said in its closely followed report on [Read more]
Ontario Court of Appeal rules carbon tax is constitutional
Ontario's Court of Appeal ruled on Friday that Canada's federal carbon tax is constitutional after a challenge from the province's Conservative government in a blow to efforts to strike down Justin Trudeau's environmental policies.In April, Canada's federal government imposed a carbon tax on provinces without a carbon pricing system, which was opposed by several provinces including Ontario, Manitoba, Saskatchewan and New Brunswick. Ontario said in August 2018 it would [Read more]
Canada Weekly Rig Count Up 5 to 124
Western Canada’s fleet of drilling rigs went up by 5 to 124 according to data collected by Baker Hughes for the week of June 28th. Oil drilling went from 80 to 84; natural gas rigs went from 39 to 40. View a full breakdown of western Canada’s rig activity. [Read more]
Michigan sues Enbridge in U.S., seeks to shut oil pipeline through Great Lakes
CALGARY, Alberta (Reuters) - The U.S. state of Michigan has filed a lawsuit asking for an Enbridge Inc oil pipeline that runs under the Straits of Mackinac in the Great Lakes to be decommissioned, Michigan’s attorney general said on Thursday. The Line 5 oil pipeline ships 540,000 barrels per day of light crude oil and propane and is a critical part of Enbridge’s Mainline network, which delivers the bulk of Canadian crude exports to the United States. Potential disruption to Line 5 adds to [Read more]
U.S. regulator pauses review of Enbridge, Oiltanking crude export project
U.S. regulators this week temporarily suspended their review of pipeline operator Enbridge Inc's proposed crude export facility off the U.S. Gulf Coast, a government filing showed. Enbridge and Oiltanking Partners in February sought federal permits to build a deepwater port about 30 miles (48 km) off Freeport, Texas, to export U.S. shale. The U.S. Maritime Administration and the U.S. Coast Guard on June 26 issued a "stop clock" letter that pauses their evaluation of the [Read more]
Oil prices little changed ahead of G-20 talks, OPEC meet
Oil prices were little changed on Friday as traders awaited any update on the Sino-U.S. trade war from a scheduled weekend meeting of the two countries’ presidents at the G20, and eyed next week’s OPEC gathering. U.S. West Texas Intermediate (WTI) crude futures were up 14 cents, or 0.3%, at $59.60 a barrel. The leaders of the G20 countries meet on Friday and Saturday in Osaka, Japan, but the most anticipated meeting is between U.S. President Donald Trump and Chinese President Xi Jinping on [Read more]
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