CALGARY, Alberta, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy”) (TSX-V: PIPE) announces the appointment of Dustin Hoffman as Chief Operating Officer (COO) to be effective September 9, 2019. Mr. Hoffman has over 25 years of professional experience, at Encana Corporation and its predecessor companies, where he held several senior management roles in different operating groups such as Deep Basin, Peace River Arch, Montney, Duvernay and most recently as Senior [Read more]
Headlines
Non-Core Property Divestiture: Non-Operated Interests, Alberta
Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in several areas of Alberta (the “Properties”). The Properties consist of non-operated working interests in the following units: House Mountain Unit No. 2, Kaybob Notikewin Unit No. 1, Nordegg Gas Unit No. 1, Progress Halfway Gas Unit No. 1, Provost Cummings “Y” Unit No. 1, Rycroft Charlie Lake [Read more]
Column: Canada’s dependence on imported fossil fuels reaches a whole new level
It’s already well known that eastern Canada has been using a lot of hard-earned foreign exchange to buy crude oil from faraway places like Saudi Arabia, instead of sourcing it from parts of our own country where it is abundant. Lack of in-country pipelines to facilitate this internal trade is a big part of the situation. In 2018 alone, according to detailed information I recently requested from Statistics Canada, the value of crude oil imported into the country was nearly $20 billion. [Read more]
Oil prices fall on concerns over recession, inventories
Oil prices fell on Thursday, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. U.S. crude was down 25 cents, or 0.5%, at $54.98 a barrel, having dropped 3.3% in the previous session. Brent crude was down 37 cents, or 0.6%, at $59.11 a barrel by 0300 GMT, after falling 3% in the last session. The combination of a slew of data suggesting a slowdown in global growth amid the [Read more]
Zargon Oil & Gas Ltd. Provides 2019 Second Quarter Results
CALGARY, Alberta, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED June 30, 2019) Funds flow from operating activities of $2.17 million compared to $1.23 million recorded in the prior quarter, and $0.58 million reported in the second quarter of 2018. The increase from the prior quarter was primarily due to higher commodity prices, reduced operating expenses and lower interest expenses due to [Read more]
Prairie provinces have no plans to put carbon tax stickers on pumps
Carbon-tax-fighting governments in Alberta, Saskatchewan and Manitoba say they have no plans to follow Ontario's lead and force gas stations to put anti-carbon tax stickers on their pumps. Ontario's Progressive Conservative government has set Aug. 30 as a deadline for stations to have the stickers posted or face fines of up to $10,000 a day. The stickers say the federal carbon tax has added 4.4 cents a litre to the price of gasoline, which will rise to 11 cents per litre by 2022. In [Read more]
Eagle Energy Inc. Announces Submission to Transfer Listing to the TSX Venture Exchange
Eagle Energy Inc. ("Eagle") announces that it has submitted an application (the "Listing Application") to the TSX Venture Exchange (the "TSX-V") to list its common shares (the "Common Shares") on the TSX-V. In conjunction with this application, Eagle has submitted an application to the Toronto Stock Exchange ("TSX") for voluntary delisting (the "Voluntary Delisting Application") of the Common Shares from the TSX pursuant to Part VII, Section 720 of the TSX Company Manual (the "Manual"). The [Read more]
Birchcliff Energy Ltd. Announces Strong Q2 2019 Results Resulting in an Expanded 2019 Capital Program
CALGARY, Alberta, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and six months ended June 30, 2019 and an expanded 2019 capital program. Birchcliff’s unaudited interim condensed financial statements for the three and six months ended June 30, 2019 and related management’s discussion and analysis (the “MD&A”) will be available on its website at [Read more]
Canada to fund Indigenous groups energy projects in B.C. and Alberta
OTTAWA - The federal government is providing up to $6 million in funding to help Indigenous communities in British Columbia and Alberta increase their participation in energy infrastructure projects. Natural Resources Minister Amarjeet Sohi made the announcement Wednesday. Funds will be provided through the Indigenous Natural Resource Partnerships program. A statement from Natural Resources Canada describes the program as a one-ear initiative aimed at supporting Indigenous business [Read more]
Oil prices drop as data shows surprise climb in U.S. inventories
Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. The move by U.S. President Donald Trump sent commodities, stocks and other assets higher because of optimism the effects of the trade war, already being felt in economies across the world, will be blunted. Oil prices surged by as much as nearly 5 [Read more]