FORT MCMURRAY, Alta. - The company proposing the $20.6-billion Frontier Oil Sands Mine says it has achieved its target of signing deals with all of the Indigenous groups who live near the northern Alberta megaproject. Doug Brown, director of public affairs for Vancouver-based Teck Resources Ltd., says it has successfully concluded negotiations with the Mikisew Cree First Nation of Fort Chipewyan, a small community near the project site north of Fort McMurray. The news of a 14th deal being [Read more]
Headlines
‘Stop the regulatory merry-go-round:’ Alberta ministers to fight C-69 in Ottawa
CALGARY - Alberta's energy and environment ministers are heading to Ottawa to push for changes to federal legislation that would overhaul energy project reviews. Premier Rachel Notley made the announcement today in a speech to the International Pipeline Conference in Calgary. She says Energy Minister Marg McCuaig-Boyd and Environment Minister Shannon Phillips will make Alberta's case to the Senate in the hope of getting Bill C-69 fixed. The bill, which is still under [Read more]
Velvet Energy and Iron Bridge Resources Announce Successful Tender and Take-up of 81.98% of Iron Bridge Common Shares
Resignation of Iron Bridge Board of Directors & Officers; Velvet to Appoint New Slate of Directors & Officers 81.98% of Iron Bridge common shares tendered, exceeding Velvet’s minimum 2/3rds condition Velvet to take-up and pay for 126.9 million of the currently outstanding common shares of Iron Bridge and extend offer ten days to October 5, 2018 Iron Bridge Board of Directors and Officers to resign Velvet to appoint new Board of Directors and Officers Iron Bridge to [Read more]
On-Demand Risk Scores are Now Available for Every Pipeline in Western Canada
CALGARY, AB, September 25, 2018 (GLOBE NEWSWIRE) – GDM Pipelines (“GDM”), the leader in midstream information management solutions, and Explore Inc. (“Explore”), premier pipeline risk management and integrity specialists, announced today that they have released Converge Risk Manager, an on-demand risk assessment solution that provides an “out of the box” risk score for every pipeline in Western Canada. This is the latest extension to the full breadth of integrity services offered through gX [Read more]
Front Range Resources Ltd. and ARROW Exploration Ltd. Announce Closing of Private Placement Financing and Provide Update
Calgary, Alberta (FSCwire) - ARROW Exploration Ltd. (“Arrow”) and Front Range Resources Ltd. (“FRK” or “Front Range”) (TSXV: FRK) are pleased to announce that, further to the joint news releases issued by Arrow and Front Range dated June 4, 2018, August 27, 2018 and September 17, 2018, Front Range has closed its previously announced private placement financing of units of Front Range (“Units”) for gross proceeds of US$630,000. Each Unit subscribed for under the private placement was comprised [Read more]
CAPPA Conference – Registration closes in 3 weeks!
CAPPA Conference – Registration closes in 3 weeks! Secure your spot today to connect with colleagues, dialogue with industry vendors and experts, gain inspiration from 2 Keynotes, 16 Breakouts and fellow attendees. October 23rd at the Telus Convention Centre in Calgary. [Read more]
Teck Resources takes $20.6B Frontier oilsands mine project to joint hearing
FORT MCMURRAY, Alta. - In a sign that the oilsands mining industry can't be counted out just yet, public hearings into the proposed $20.6-billion Frontier Oil Sands Mine project begin in Fort McMurray, Alta., today. International oil companies are cutting their oilsands mine investments and many analysts say the long-life returns don't justify the high upfront costs, but Vancouver-based Teck Resources Ltd. says it is committed to its megaproject which could be producing oil by 2026. "We [Read more]
NAFTA Upgrading – NAFTA 2.0 and the Impact on the Canadian Oil and Gas Industry
Energy commodities (including oil, natural gas, coal, electricity, and refined petroleum products) are a significant component of Canada’s trade, accounting for one-fifth of Canada’s total exports in 2016, with nearly all of them going to the United States. Free trade under NAFTA in North America led to significant benefits for Canada in the form of increased trade, significant output and productivity gains in the manufacturing sector, and a greater variety of products available to Canadians. [Read more]
TransGlobe Energy Corporation Announces an Operations Update
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Sept. 25, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces an operations update. All dollar values are expressed in US dollars unless otherwise [Read more]
Washington wants Canada to improve spill plan for U.S. spur of Trans Mountain
OLYMPIA, Wash. - Washington's Department of Ecology wants the Canadian government to fix what it calls "deficiencies in critical areas" of its spill response plan for a spur of the Trans Mountain pipeline that runs through the state. When Canada purchased the Trans Mountain pipeline and assets for $4.5 billion, it also bought the Puget Sound line, which carries Alberta oil to four Washington refineries. The state's Ecology Department says in a news release that the Canadian government, as [Read more]