BOE Report

Cedar LNG awards EPC contract for state-of-the-art floating LNG production unit

KITIMAT, BC, Jan. 4, 2024 /CNW/ - The Haisla Nation and Pembina Pipeline Corporation (Pembina) (TSX: PPL) (NYSE: PBA), partners in the development of the proposed Cedar LNG Project (Cedar LNG), today announced Samsung Heavy Industries (SHI) and Black & Veatch have been selected to provide engineering, procurement and construction for the design, fabrication and delivery of the Project's floating LNG production unit (FLNG), subject to a Final Investment Decision (FID). "This is a critical [Read more]

APA Corporation to acquire Callon Petroleum Company in all-stock transaction

  Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA's high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.* HOUSTON, Jan. 4, 2024 /PRNewswire/ -- APA Corporation [Read more]

CER approves TNPI’s Incentive Tolls Settlement Agreement

CALGARY, AB, Dec. 19, 2023 /CNW/ - Today, the Commission of the Canada Energy Regulator (CER) approved the Trans-Northern Pipelines Inc. (TNPI) Incentive Tolls Settlement Agreement (ITSA). This decision [Filing C27751] allows TNPI to implement a new toll design. A key feature of the ITSA, beginning in 2025, enables the TNPI System to be separated into two segments to determine tolls. The approved ITSA is a shift from the current rolled-in approach, where all shippers were charged tolls based on [Read more]

ARC Resources Ltd. confirms quarterly dividend of $0.17 per share for January 15, 2024

CALGARY, AB, Dec. 15, 2023 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.17 per share for January 15, 2024 to shareholders of record on December 29, 2023. At December 15, 2023, the trailing 12-month payments to shareholders total $0.64 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. [Read more]

Whitecap Resources Inc. confirms monthly dividend for December of $0.0608 per share

CALGARY, AB, Dec. 14, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of December operations will be paid on January 15, 2024 to shareholders of record on December 31, 2023.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.  Our business is [Read more]

Enbridge announces $3.1 billion sale of its interests in Alliance Pipeline and Aux Sable

CALGARY, AB, Dec. 13, 2023 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement to sell its 50.0% interest in Alliance Pipeline ("Alliance") and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (PPL: TSX) (NYSE: PBA) for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion, and subject to customary closing adjustments. Alliance delivers [Read more]

Vermilion Energy Inc. announces 2024 budget, updated return of capital framework and 20% dividend increase

CALGARY, AB, Dec. 12, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce its 2024 budget and updated return of capital framework, including a 20% dividend increase. Highlights 2024 fund flows from operations ("FFO")(1) and free cash flow ("FCF")(2) are forecasted to be approximately $1.3 billion and $700 million, respectively, based on forward commodity prices(3); FCF represents an approximately 40% [Read more]

Canada introduces framework to cap greenhouse gas pollution from oil and gas sector

OTTAWA, ON, Dec. 7, 2023 /CNW/ - Canadians are making decisions and choices today that will profoundly impact the world we leave to our children and grandchildren. Climate action pays immediate dividends in good jobs and cleaner air and water, but it also opens up more opportunities for the generations that will follow. Every sector of the economy has a part to play in cutting pollution, particularly the oil and gas sector—one of a few where greenhouse gas pollution levels continue to [Read more]

Gibson Energy announces 2024 capital budget and addition of two new Directors to its Board

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Dec. 4, 2023 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the "Company") announced today target growth(1) capital expenditures of $150 million in 2024. Additionally, Gibson's Board of Directors has approved the allocation of between $40 million and $45 million in replacement(1) capital expenditures in 2024. The Company expects 2023 growth capital expenditures of approximately $125 million. "I am pleased to [Read more]

Canadian Gas Industry announces new Methane Management Coalition

OTTAWA, ON, Nov. 30, 2023 /CNW/ - Today, the Canadian Gas Association and the Canadian Energy Partnership for Environmental Innovation (CEPEI) are pleased to announce the Canadian Methane Management Coalition (CMMC or the "Coalition"). Build on Canada's position as a global leader in reducing methane emissions from the natural gas value chain. Under the direction of industry champions Mike Rose, President and CEO of Tourmaline Oil Corp., and Michele Harradence, Executive Vice President [Read more]