CALGARY, ALBERTA--(Marketwired - Jan. 29, 2018) - Suncor today announced that the Fort Hills project is continuing its steady ramp up of production following the safe startup of secondary extraction on Jan. 27, 2018. Fort Hills, which is located approximately 90 kilometres north of Fort McMurray, has a capacity of approximately 194,000 barrels per day (bbls/d), approximately 103,000 bbls/d net to Suncor. As expected, the first of three trains from secondary extraction is now online and [Read more]
TransGlobe Energy Corporation Announces 2017 Year-End Reserves
CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) today announces its 2017 year-end reserves. All dollar values are expressed in United States dollars unless otherwise stated. EXECUTIVE SUMMARY Total proved (“1P”) gross reserves of 27.6 million barrels oil equivalent (“MMboe”) (YE 2016: 29.9 MMboe) representing a 2.3 MMboe or 8% decrease from year-end 2016 primarily due to production of ~5.7 MMboe [Read more]
TransCanada to Issue Fourth Quarter Results February 15
CALGARY, ALBERTA--(Marketwired - Jan. 25, 2018) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold a teleconference and webcast on Thursday, February 15, 2018 to discuss its fourth quarter 2017 financial results. Russ Girling, TransCanada president and chief executive officer, Don Marchand, executive vice-president and chief financial officer and members of the executive leadership team will discuss TransCanada's fourth quarter financial results and [Read more]
Inter Pipeline Announces 2017 Year End Conference Call and Webcast
CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (TSX:IPL) will announce its fourth quarter and year end 2017 financial and operating results on February 15, 2018. A conference call and webcast has been scheduled for Friday February 16, 2018 at 9:00 a.m. (MT) (11:00 a.m. ET) for interested shareholders, analysts and media representatives. To participate in the conference call, please dial 1 844-413-0863 or 216-562-0455. A passcode is not required. A replay of the call [Read more]
Pengrowth Announces Appointment of Chief Operating Officer
CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) announces a realignment of its executive team with the appointment of Randy Steele as Chief Operating Officer. Mr. Steele, who originally joined Pengrowth in 1998, and who currently holds the position of Senior Vice President, Conventional Operations, will assume operational responsibility for all of the Corporation’s operations. Mr. Steve De Maio, Senior Vice President Thermal Operations will [Read more]
Cryptocurrency Mining Operation Launched by Oil and Gas Producer Iron Bridge Resources
CALGARY, Alberta, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the "Company") (TSX:IBR) is pleased to announce the formation and launch of a wholly-owned cryptocurrency mining and hosting operation called Iron Chain Technology Corp. (“ICT”). ICT will own and operate cryptocurrency mining datacenters at Canadian oil and gas field sites, taking advantage of cheap, clean burning natural gas to generate its own electricity. As a result of this structure and [Read more]
Razor Energy Corp. Announces 2018 Corporate Budget and Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 22, 2018) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the "Board") have approved an acquisition, development and operations budget of $38.4 million for fiscal 2018. The diversity of the budget provides for capital allocation towards highly economic production growth in addition to long term operational and technological investments in power generation and [Read more]
TransCanada Confirms Commercial Support for Keystone XL
CALGARY, ALBERTA--(Marketwired - Jan. 18, 2018) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has successfully concluded the Keystone XL open season, securing approximately 500,000 barrels per day of firm, 20 year commitments, positioning the proposed project to proceed. Interest in the project remains strong and TransCanada will look to continue to secure additional long-term contracted volumes. Today's announcement builds on the [Read more]
Pengrowth Announces $65 Million 2018 Capital Budget With Expected Growth of 25 Percent in Exit Production
CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that the Company’s Board of Directors has approved a 2018 capital expenditure budget of $65 million. 2018 capital spending will be focused on adding production volumes at the Company’s two 100 percent owned and operated assets at Lindbergh and Groundbirch. The 2018 capital budget is expected to grow production volumes through the course of the year from a December 2017 exit [Read more]
Razor Energy Corp. Announces Consolidation Acquisition in the Kaybob Area of West Central Alberta and Increased Term Loan Facility
CALGARY, ALBERTA--(Marketwired - Jan. 15, 2018) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that it has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm's length company (the "Kaybob Assets") for cash consideration of $4.9 million, subject to customary adjustments (the "Acquisition"). The Kaybob Assets are characterized by low [Read more]
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