TransAlta Corporation (TransAlta) and SemCAMS Midstream ULC ("SemCAMS"), a subsidiary of SemGroup Corporation (NYSE:SEMG) announce today that they have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the [Read more]
Archives for October 2019
Enbridge asked to add potential oil spill analysis for Line 3 pipeline project
Enbridge Inc needs to add an analysis of potential oil spills into Lake Superior watershed and submit a revised environmental impact statement (EIS) to proceed with its Line 3 pipeline replacement project, a Minnesota regulator said on Tuesday. The order from the Minnesota Public Utilities Commission comes as the company struggles with delays amid ongoing disputes with regulators. Enbridge has 60 days to submit its revised EIS. The commission was ordered to revise Enbridge's EIS for the [Read more]
Canadian Kenwood Company – Property Divestiture
Sayer Energy Advisors has been engaged by Canadian Kenwood Company (“Canadian Kenwood” or the “Company”) to assist with the sale of all of its Canadian oil and natural gas properties, which are located in several areas of Alberta and Saskatchewan (the “Properties”). The Properties provide the Company with long-life, low decline production. In the first half of 2019, production net to the Company averaged approximately 23 barrels of oil per day with minor volumes of natural [Read more]
U.S. shale oil boom ends as lower prices take toll
U.S. oil production growth is decelerating gradually in response to lower prices, which should reduce predicted over-supply in 2020 and force the global oil market back towards balance.Domestic crude production fell 276,000 barrels per day to 11.806 million bpd in July, according to data published by the U.S. Energy Information Administration on Monday.The month-on-month reduction was entirely attributable to the Gulf of Mexico, where output fell 332,000 bpd, because many offshore platforms were [Read more]
Canada’s GDP flat in July as oil and gas extraction contracts
Canada's economy was unexpectedly unchanged in July, following four months of growth, as the country's mining, quarrying and oil and gas extraction sectors contracted, Statistics Canada data showed on Tuesday.Analysts in a Reuters poll had predicted an increase of 0.1% in July following a 0.2% increase in June. Overall, 12 of the 20 industrial sectors monitored expanded on the month, while eight declined, the national statistics agency said. Tuesday's data comes as Canada is in [Read more]
Witness the Future of Pipeline Data Management
On October 24, GDM Pipelines will be hosting a showcase of innovative technologies that are transforming pipeline data management, and we'd love for you to join us! Here's what you can expect... As we enter 2020, oil and gas companies are continuing to look for ways to streamline operations. More and more, this includes strategies to leverage data to its full potential, ultimately creating efficiencies across the entire organization. From in-field data collection, to storing and maintaining [Read more]
Razor Energy Corp. Announces Flow-Through Share Private Placement for its Renewable Geothermal Power Project
CALGARY, Oct. 1, 2019 /CNW/ - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents have agreed to market, on a "best efforts" private placement basis, up to 2,702,800 Common Shares that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Shares"). The [Read more]
Razor Energy Corp. Announces Flow-Through Share Private Placement for its Renewable Geothermal Power Project
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, Oct. 1, 2019 /CNW/ - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents have agreed to market, on a "best efforts" private [Read more]
Last Chance to Sign Up for the Free Hockey Pool for the Oil and Gas Industry
Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday, October 2nd. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Who Won Last Year? Last year’s winner was WEAK SAUCE. They made their way down to Boston for round [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for September 2019 Payable October 31, 2019
CALGARY, Oct. 1, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announces that the September 2019 monthly cash dividend will be $0.01 per share and will be paid on October 31, 2019. The record date for the dividend is October 15, 2019 and the ex-dividend date is October 11, 2019. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. Bonterra [Read more]