Calgary Alberta--(Newsfile Corp. - October 14, 2022) - TransGlobe Energy Corporation (NASDAQ: TGA) (TSX: TGL) ("TransGlobe" or the "Corporation") is pleased to announce that it has now closed its previously announced merger with VAALCO Energy, Inc. by way of plan of arrangement (the "Arrangement") pursuant to Section 193 of the Business Corporations Act (Alberta). On October 14, 2022, it is expected that common shares of TransGlobe ("TransGlobe Common Shares") will be delisted on NASDAQ and [Read more]
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Birchcliff Energy Ltd. Announces Special Dividend, Preliminary 2023 Guidance and Updated 2022 Guidance
CALGARY, Alberta, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce a special dividend on its common shares, its preliminary 2023 guidance and updated 2022 guidance. Jeff Tonken, Birchcliff’s Chief Executive Officer, commented: “By the end of 2022, we expect to have retired approximately $840 million of total debt(1) and preferred shares since June 30, 2020, nearing our goal of zero total debt. As a result, our board [Read more]
Canada energy IPOs tough sell even as institutions return to sector
Institutional investors are returning to the Canadian oil and gas sector with gusto after shunning the industry over ESG concerns in recent years, but the appetite for new energy listings remains limited due to wider market volatility. French oil major TotalEnergies will be the first major test of energy investor interest for new listings. Last month, it unveiled plans to spin off its Canadian oil sands assets into a new publicly traded company, which surprised many industry watchers. The [Read more]
Tamarack Valley Energy Ltd. Announces Closing of Previously Announced Deltastream Energy Corporation Acquisition and Leadership Changes
CALGARY, AB, Oct. 13, 2022 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that it has successfully closed the previously announced acquisition (the "Acquisition") of Deltastream Energy Corporation ("Deltastream"), a privately held pure-play Clearwater oil producer. Tamarack acquired all of the issued and outstanding common shares of Deltastream for total consideration of $1.425 billion comprised of 80 million common shares of Tamarack, $300 [Read more]
Petro Niche and Working Interest Announce Merger
Petro Niche Technology and Working Interest are excited to announce their amalgamation into Stack Technologies Ltd. (“Stack”) to better serve the oil and gas industry. Stack is based in Calgary and is privately held. Petro Niche is better known by its product Petro Ninja, which is relied on by over 10,000 professionals to access and interpret public industry data. Working Interest was established in 2020 and its product StackDX offers a full data management solution and enables producers to [Read more]
InPlay Receives TSX Approval for Normal Course Issuer Bid
CALGARY, Alberta, Oct. 13, 2022 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") today announced that the Toronto Stock Exchange ("TSX") has accepted InPlay's notice of intention to commence a normal course issuer bid (the "NCIB"). Under the NCIB, InPlay may purchase for cancellation, from time to time, as InPlay considers advisable, up to a maximum of 6,467,875 common shares of InPlay ("Common Shares"), which represents 10% of the Company's public [Read more]
Well of the Week Selects – Helium on the horizon
We are just past the Thanksgiving weekend. And in terms of giving thanks, is there any end to what the WCSB can provide? This Petro Ninja – Enlighten Geoscience Well of the Week exemplifies the application of oil and gas skills to capture value from a different resource. This time it is the elusive Helium molecule. With so much going on in this corner of the industry it will take some time for the dust to settle. It is exciting to watch a new facet of the industry develop. This is an [Read more]
Inclusive Energy Continues its Investments in the Upstream Sector – Closes Significant Financings with a number of Canadian Junior Producers including Heartland Oil Corporation
CALGARY, Alberta--(BUSINESSWIRE)--lnclusive Energy Ltd. ("Inclusive"), a leader in the oil and gas equipment services sector, is pleased to announce the ongoing creation of multiple high impact strategic partnerships over the past few months, which has included the closing of milestone financings with a number of substantial Canadian oil and gas producers. The partnerships with these companies marks additional underwritings for Inclusive in the upstream market and is a continuation and further [Read more]
U.S. will use SPR barrels responsibly where it makes sense to stabilize markets
U.S. Deputy Energy Secretary David Turk said on Wednesday that the United States has millions of barrels in the Strategic Petroleum Reserve, and Washington will try to use those barrels responsibly where it makes sense to stabilize markets. Turk added that President Joe Biden has not taken any tools off the table to address high energy costs, when asked whether the administration is considering limiting fuel exports. Energy markets have traded volatilely following Russia's invasion of Ukraine [Read more]
Gibson Energy Releases 2021 Sustainability Report Showcasing Sustainability Journey Progress
CALGARY, AB , Oct. 12, 2022 /CNW/ - Gibson's Sustainability Report will be available exclusively online and includes enhanced navigation features. The Sustainability Report includes a comprehensive overview of progress to date for all current and planned operations in Canada and the United States. It also focuses on some of the responsibilities and opportunities the Company has identified, as the world looks for sustainable and secure energy supplies, to execute on its business strategy safely [Read more]