BOE Report

GLE commences engineering on major carbon sequestration project

CALGARY, AB - Gas Liquids Engineering Ltd. (GLE) is pleased to announce the commencement of FEED (Front End Engineering and Design) on a major CO2 pipeline, compression, and sequestration system for Whitecap Resources, in the province of Saskatchewan. Whitecap currently operates one of the largest anthropogenic carbon sequestration projects in the world, transporting CO2 from two major industrial emitters to their existing Carbon Capture Utilization and Storage (CCUS) hub located near Weyburn, [Read more]

Ovintiv reports fourth quarter and year-end 2022 financial and operating results

Highlights: Full Year 2022 Generated net earnings of $3.6 billion, cash from operating activities of $3.9 billion, Non-GAAP Cash Flow of $4.1 billion and Non-GAAP Free Cash Flow of $2.3 billion after capital expenditures of $1.8 billion Reduced total long-term debt by approximately $1.2 billion; Non-GAAP Debt to Adjusted EBITDA ratio of 0.8 times at year-end, down from 1.5 times at year-end 2021 Returned $958 million to shareholders through the combination of base dividend payments [Read more]

Whitecap Resources Inc. confirms monthly dividend for February $0.0483 per share

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0483 per common share in respect of February operations will be paid on March 15, 2023 to shareholders of record on February 28, 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 focused on profitable [Read more]

ARC Resources Ltd. reports record year-end results and reserves

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its fourth quarter and year-end 2022 financial and operational results as well as its year-end 2022 reserves. ARC generated record production and funds from operations per share in the fourth quarter of 2022. In 2022, annual average production, net income, funds from operations, and free funds flow were the highest of any year in ARC's 26-year history. HIGHLIGHTS Fourth Quarter 2022 Results ARC [Read more]

Alberta Enterprise Corporation invests further into cleantech for an evolving energy industry

EDMONTON, AB - Alberta Enterprise announced today that it has invested USD $10 million into Evok Innovations second fund to continue developing and deploying clean technologies to accelerate the world's energy transition with a focus on carbon capture, electrification and hydrogen. AEC invests in Evok to accelerate the development of critical energy transition and industrial decarbonization. Recently, Evok announced its first Fund II investments, which included participation in a USD $50 [Read more]

Minister Wilkinson positions Canada as a clean energy and technology supplier of choice

Canada aims to be the clean energy and technology supplier of choice. In that context, significant opportunities exist in the Indo-Pacific region for Canada to expand trade and investment – as outlined in the Government of Canada's launched Canada's Indo-Pacific Strategy. Those opportunities are particularly promising in Japan, which is among Canada's top five trading partners. The Honourable Jonathan Wilkinson, Minister of Natural Resources, today concluded a trade mission which sought to [Read more]

Tenaz Energy Corp. opens the market

TORONTO - Anthony Marino, President and Chief Executive Officer, Tenaz Energy Corp. ("Tenaz" or the "Company") (TSX: TNZ), and his team joined Berk Sumen, Head, Company Services, Toronto Stock Exchange (TSX), to celebrate the company's graduation from TSX Venture Exchange to Toronto Stock Exchange and to open the market. Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex [Read more]

Hammerhead Resources Inc. announces production results for 2022, expanded credit facility, operational update and business combination update

CALGARY, AB - Hammerhead Resources Inc. ("Hammerhead" or the "Company") announces record operating results in 2022 with annual average production of 32,100 boe/d (approx. 43% liquids), representing 15% growth over 2021. In the month of January, 2023, the Company reported a realized record peak production rate of over 41,000 boe/d (49% liquids) and average production for the first 10 days of January of 39,050 boe/d (50% liquids), following the recent start-up of a 9-well pad at North Karr. [Read more]

Kiwetinohk Energy Corp. opens the market

TORONTO - Pat Carlson, Chief Executive Officer, Kiwetinohk Energy Corp. (TSX: KEC), and his team joined Berk Sumen, Head, Company Services, Toronto Stock Exchange (TSX), to open the market and celebrate the Company's new listing to Toronto Stock Exchange. Kiwetinohk's mission is to build a profitable energy transition business providing clean, reliable, dispatchable, affordable energy. Kiwetinohk develops and produces natural gas and related products and is in the process of developing [Read more]

Hammerhead and Decarbonization Plus Acquisition Corporation IV announce filing of definitive proxy statement and the January 23, 2023 shareholders’ meeting to approve proposed business combination

MENLO PARK, Calif. and CALGARY, AB, - Decarbonization Plus Acquisition Corporation IV (NASDAQ: DCRD, DCRDW, DCRDU) ("DCRD"), a publicly-traded special purpose acquisition company, announced today that DCRD's definitive proxy statement (the "Proxy Statement") relating to the previously announced business combination with Hammerhead Resources Inc. ("Hammerhead"), an oil and natural gas exploration, development and production company, has been filed with the U.S. Securities and Exchange Commission [Read more]