Marten Hills Pipeline System will serve the Clearwater Formation in Alberta, Canada SUGAR LAND, Texas, and CALGARY, Alberta – April 30, 2019 – Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced its plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 85 kilometres (52.8 miles) [Read more]
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Encana reports 2019 first quarter financial and operating results
Company increases targeted G&A synergies and achieves Anadarko well cost reductions identified in Newfield acquisition; Full year 2019 capital investment plan and production outlook reiterated First quarter 2019 highlights: Following the successful close of the Newfield acquisition, Encana exceeds annualized general and administrative (G&A) synergies by $25 million; new annualized estimate increased to $150 million Anadarko well costs reduced by $1 million since acquisition [Read more]
Senate committee to hear from new Alberta premier on oil tanker ban bill
EDMONTON - A Senate committee is set to hear today from Albertans — including their new premier — on the federal government's bill to ban tankers off the British Columbia coast. The committee on transport and communications is holding public hearings in Edmonton on Bill C-48. The bill would prohibit oil tankers carrying more than 12,500 tonnes of crude oil in the waters between the northern tip of Vancouver Island and the Alaska border. The legislation passed in the House of Commons [Read more]
Macquarie to shut down Canadian equities sales, trading business
Macquarie Group is shutting down its Canadian institutional equities business due to a prolonged slump in resource-related deals, The Globe and Mail newspaper reported on Monday, citing anonymous sources. A spokeswoman for the Sydney-headquartered investment bank declined to comment on Tuesday on the closure of the equities business when contacted by Reuters. But, she said in a statement Macquarie would continue to operate a commodities hedging and trading business in Canada. "Macquarie [Read more]
Macquarie Group closes down equity sales, trading and research businesses in Canada
Australian financial services firm Macquarie Group is shutting down its equity sales, trading and research businesses across Canada, the company confirmed. A Macquarie spokesperson would not comment on how many jobs have been impacted. It is understood that the job cuts were in Toronto and Calgary. The spokesperson said the firm remains “committed’ to Canada, and it will continue to provide domestic cash equities execution services and provide access to its global execution [Read more]
Alberta Energy Regulator official quits before he can be fired by incoming Jason Kenney
A member of Alberta’s energy regulator who was singled out by incoming premier Jason Kenney as a foe of oil development has quit. Ed Whittingham, in a letter delivered to the Alberta Energy Regulator, said he cannot continue working on the board of directors given the incoming government’s “tactics and policy direction.” “I was subjected to a smear campaign without precedent in Alberta for a public appointment held by a private citizen,” wrote Whittingham in a letter sent to regulator [Read more]
Protester climbs into tree near B.C. marine terminus of Trans Mountain pipeline
BURNABY, B.C. - A mid-air protest has begun in British Columbia at the western end of the Trans Mountain pipeline, which carries oilsands crude from Alberta to a port in Metro Vancouver. Stand Earth spokesman Sven Biggs says 71-year-old grandfather Terry Christenson has climbed a tree inside the Westridge Marine Terminal, which is the facility where oil would be loaded onto tankers in a planned expansion of the pipeline. This is the second protest for Christenson, who was [Read more]
John Robson: Climate alarmism unglued
If you think some of the daffy claims and stunts by climate alarmists mean the movement is coming unglued, you’d be quite mistaken. On the contrary, a group called Extinction Rebellion has taken to gluing themselves to everything in sight including radical British Labour leader Jeremy Corbyn’s house to widespread applause. You’d think more normal radicals would want to pry themselves loose from this thing. Instead they are being drawn toward it. A particularly glaring example was actress Emma [Read more]
Gunmen kidnap Canadian, Scottish oil workers from Nigerian oil rig
Gunman kidnapped three oil workers from Canada, Scotland and Nigeria at a rig in Nigeria's Delta region on Saturday, officials said - the second abduction in the area in less than a week. The attackers raided the rig owned by Niger Delta Petroleum Resources in Ogbele, Rivers State at around 8 a.m. (0700 GMT), the spokesman for the area's military operations, Major Ibrahim Abubakar, said. Troops were searching surrounding swamps, he added. State police said they had stepped up security on [Read more]
Connacher Announces Q4 2018 and Year-End 2018 Results
CALGARY, April 26, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter- and year-ended December 31, 2018 (all amounts are in Canadian dollars unless otherwise noted). Q4 2018 and Year-End 2018 Highlights Financial Q4 2018 revenue, net of royalties, decreased to $19.6 million (Q4 2017 - $61.2 million), primarily due to lower crude oil benchmark pricing, lower sales volumes, and a reclassification [Read more]