Dear Prime Minister, Senators and Honourable MPs, I am writing to you today regarding a recent experience that I had in our nation’s capital. My wife and I travelled out east to drop our youngest child off at university for his first year of engineering. Seeing as this was a fairly long trip, we decided that we would extend our trip by a few days so as to take in the sights and sounds of Ottawa. Over the following few days we made plans to go on a bike tour of the city, visit the science [Read more]
Headlines
U.S. natgas futures fall from 7-week high on big storage build
U.S. natural gas futures fell almost 2% from a seven-week high on Thursday following the release of a bigger than expected weekly storage build and a projected decline in the amount of gas flowing to liquefied natural gas (LNG) export plants. The U.S. Energy Information Administration said utilities added 84 billion cubic feet (bcf) of gas into storage during the week ended Aug. 30. That is higher than the 78-bcf build analysts forecast in a Reuters poll and compares with an injection of [Read more]
Point Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake
Point Loma Resources Ltd. (TSX.V:PLX) (the “Corporation” or “Point Loma”) is pleased to announce production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Highlights Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 was approximately 350 barrels of 18.5 API oil per day (bopd) and 700 barrels of oil equivalent per day (boe/d) (Figure 1). The well was the first of a two well farm-out at Wizard [Read more]
Blockchain in Energy Event to Kick Off Alberta Blockchain Week
Week-long showcase of Alberta’s emerging blockchain ecosystem kicks off with an afternoon of events devoted to exploring the transformative potential of blockchain for Alberta’s energy industry. CALGARY, Alberta On September 9th, Calgary blockchain and energy company GuildOne is proud to be hosting Blockchain in Energy to kick off Alberta Blockchain Week. An afternoon of events intended to explore the vast potential of blockchain technologies to transform the energy industry, Blockchain in [Read more]
Noralta Technologies acquires WellKeeper Inc.
Noralta Technologies Inc., announced today that it has acquired the business of Wellkeeper Inc, based in Houston, Texas. Noralta will move quickly to integrate Well Keeper’s clients onto its nTerface remote monitoring and surveillance platform. “We see this as a very positive addition to the Noralta user community. WellKeeper’s customers sites will be seamlessly added to our platform and immediately enjoy an increased service offering” said Cam Zarowny, President and Founder of Noralta. For [Read more]
Federal Court of Appeal allows new challenges to Trans Mountain oil pipeline expansion
Canada's Federal Court of Appeal on Wednesday agreed to hear six challenges to the Canadian government's earlier approval of an expansion of the Trans Mountain oil pipeline, potentially adding to delays ahead of an October election. In a ruling posted on its website, the court said the six challenges relate to the adequacy of the government's consultations with indigenous groups, and that they must proceed on strict, short deadlines. The decision marks the second time in just over a year [Read more]
Suncor sees increased political risk for Keystone XL oil pipeline
Canada's second-largest oil producer, Suncor Energy , believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp's proposed Keystone XL oil pipeline, its chief executive said on Wednesday. A legal fight between TC, previously known as TransCanada, and environmental activists has delayed the Canada-to-Texas pipeline for a decade. A court in Nebraska last month affirmed an alternative route through the state, raising [Read more]
Oil prices rise over 2 percent, but economic worries loom
Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses due to fears about a weakening global economy. U.S. West Texas Intermediate futures gained $1.55, or 2.88%, at $55.45 a barrel. U.S. data released on Wednesday showed manufacturing activity contracted in August for the first time in three years, while euro zone activity shrank for a seventh month. Global markets rebounded after a private survey [Read more]
Encana Announces Final Results of Substantial Issuer Bid
Encana Corporation today announced the final results of its substantial issuer bid (the "Offer") under which it has accepted to purchase for cancellation 47,333,333 of its common shares ("Shares") at a purchase price of US$4.50 per Share, for an aggregate purchase price of approximately US$213 million. Shares purchased under the Offer represent approximately 3.5% of the issued and outstanding Shares at the time that the Offer was commenced. Based on the final count by AST Trust Company [Read more]
Duvernay East Shale Basin: New Leasing Opportunities Available from PrairieSky Royalty
PrairieSky Royalty has over 75 sections of Duvernay rights available for leasing to industry in the Trochu area of Central Alberta. Lands are mapped within the Duvernay East Shale Basin oil window, with up to 18m pay on PrairieSky lands. Oil production from both Upper and Lower Duvernay horizontals has been proven in the area. Interested parties can view PrairieSky’s updated land availability and technical mapping at PSK Trochu Duvernay Shale Oil Opportunity. For further information please [Read more]