Alberta Energy Minister Sonya Savage said on Thursday the Canadian province hoped to divest the government's crude by rail program to the private sector by fall, and has hired Canadian Imperial Bank of Commerce to oversee the move.The provincial government, led by Premier Jason Kenney, was sworn in in April and had said it did not support a plan by the previous government to lease trains to move crude in an effort to ease bottlenecks on pipelines. (Reporting by Rod Nickel in Winnipeg, [Read more]
Archives for June 2019
Pulse Oil Corp. Announces Acceptance as a Presenter at the SIS Global Forum in September 2019
CALGARY, June 27, 2019 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is pleased to announce that Pulse has been chosen to present at the prestigious "SIS Global Forum" September 16 to 19 in Monaco, presenting a paper titled "Reviving a Mature, Watered-Out Fractured Carbonate Reservoir: An Integrated Approach to Design a Miscible EOR Scheme for two Bigoray Nisku Pools in Alberta." More information on the Global Forum can be found at: [Read more]
Razor Energy Receives Funding for Geothermal Power Project
CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) and its partners, the federal government, through Natural Resources Canada (“NRCan”) and Alberta Innovates, are pleased to announce the funding of a co-produced geothermal electricity project utilizing an active oil and gas operation in Alberta (the “Project”). A $5 million contribution from NRCan’s Clean Growth Program, and a $2 million contribution from Alberta [Read more]
Hemisphere Energy Announces Normal Course Issuer Bid
VANCOUVER, June 27, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,016,731 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the [Read more]
Mexico’s president defiant in row with Canada over pipeline contracts
Mexico's president on Thursday pushed backed against Canadian concerns that gas pipeline contracts awarded under his predecessor's government might not be honored, saying the terms of the agreements were 'abusive' towards the state.Mexican state power utility CFE said on Tuesday it would seek to negotiate a "fairer" resolution to contractual disputes over pipelines being built by companies including Mexico's IEnova and Canada's TC Energy .The Canadian [Read more]
Alberta raises oil quotas for August as rail exports grow, storage levels slip
CALGARY - The Alberta government says it will ease its oil production curtailment program by 25,000 barrels per day in August. The province is citing growing crude-by-rail capacity, declining oil inventory levels and improved efficiencies in export pipelines for the move. Last week, the National Energy Board reported crude-by-rail exports in April reached 236,000 bpd, a 40 per cent increase over March, but still down from the record high of 353,800 bpd in December. The [Read more]
Alberta eases oil production curtailments for August – government statement
The government of Alberta eased crude oil production curtailments for August on Thursday, setting the limit at 3.74 million barrels per day, compared with 3.71 million bpd in July.Alberta introduced mandatory curtailments effective Jan. 1 this year to tackle pipeline congestion that left crude stranded in storage tanks in the province and widened the discount on Canadian oil versus U.S. crude to record levels.The Alberta government said letters have been sent to the 29 producers subject to the [Read more]
TC Energy launches binding open season for the Keystone Pipeline System
CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the open season that will close at 12 p.m. MT on July 19, 2019. Information regarding the open season is [Read more]
Hemisphere Energy commences 2019 drill program
TSX-V: HME- VANCOUVER, June 27, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce it has started operations for its 2019 drilling program. After posting record corporate revenue, production, and funds flow from operations for the first quarter, Hemisphere has now commenced its 2019 drilling program in southern Alberta with plans to drill up to 16 wells in the Atlee Buffalo area during the year. Hemisphere is committed to taking a [Read more]
Pengrowth Reports Election of Directors
CALGARY, Alberta, June 26, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCX:PGHEF), today announced that at its annual general meeting of shareholders held earlier today, each of the six nominees listed in its management information circular dated May 14, 2019 were elected as directors to serve until the next annual meeting of shareholders of Pengrowth, or until their successors are elected or appointed. The results of the shares voted are set [Read more]
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