Major planned turnarounds at Oil Sands and Downstream completeGrowth projects exceeding expectations All financial figures are in Canadian dollars. CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Suncor today announced that with the completion of major planned turnaround activities and strong production from growth projects, Q2 production to date averaged approximately 636,000 barrels per day (bbls/d) reflecting the significant planned turnarounds in the quarter, and exited May at [Read more]
Headlines
Pieridae Welcomes Quebec’s Proposed Regulations
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (TSXV:PEA) is pleased that the proposed regulations, announced by Minister of Natural Resources, Pierre Moreau, will allow for the exploration and exploitation of hydrocarbons in a large portion of the province of Quebec, particularly in the Gaspésie region. After a preliminary analysis of the elements contained in the [Read more]
Saturn Oil & Gas Inc. Closes Initial Financing for $1.34 Million
SASKATOON, Saskatchewan, June 07, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that, subject to the approval of the TSX venture Exchange, it has closed the first tranche of a non-brokered financing which, with the consent of Canaccord Genuity Corp., will form part of the $3,500,000 brokered offering (“the Offering”) announced on May 14, 2018. The Company issued 11,198,500 units (a "Unit") at a price of $0.12 per [Read more]
Environmentalist David Suzuki receives degree from Alberta university
EDMONTON - Environmentalist David Suzuki says humans have become a "tectonic force" altering the planet because of their sheer numbers, advanced technology and consumption. Suzuki told science students graduating from the University of Alberta that they must find a way to keep the Earth alive and healthy. Suzuki did not directly address the controversy surrounding his receiving an honorary degree from the Edmonton university. He did say everyone should be "scientifically literate" and [Read more]
New marine fuel standards expected to hit prices for oilsands crude in 2020
CALGARY - Canada's oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry. The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of "bunker" fuel on ships dropping from 3.5 per cent to just 0.5 per cent. The switch is expected to wallop prices for [Read more]
Vertex Resource Group Ltd. Acquires Environmental Service Company in Manitoba
Acquisition of the Business of TSL Industries Further Expands Vertex’s Presence in Manitoba & Grows Vertex’s Service Offering Sherwood Park, Alberta, June 7, 2018 (TSX.V:VTX) - Vertex Resource Group Ltd. (“Vertex”) is pleased to announce that it has acquired the business of TSL Industries, an environmental services company that provides vacuum, hydro vac, fluid hauling, hot oiling and pressure truck services in Manitoba effective May 31st. TSL Industries’ company owned and maintained [Read more]
Groundswell Energy Inc. – Royalty and Working Interest Property Divestiture
Sayer Energy Advisors has been engaged to assist Groundswell Energy Inc. (“Groundswell” or the “Company”) with the sale of its natural gas royalty and working interest properties located in southeastern Alberta and southwestern Saskatchewan (the “Properties”). The Properties consist primarily of royalty interests on natural gas units with long-life, low-decline natural gas production. The Properties include royalty interests in the Alderson Second White Specks Gas Unit No. 3, Alderson Second [Read more]
Blockchain becomes increasingly relevant for the oil and gas industry
The case is becoming stronger for use of Blockchain to reduce costs and increase efficiency for large Capital and Construction projects which typically have time consuming and manual financial and admin work to resolve disputes, reconcile transactions, and deal with billing errors, either with partners, and regulatory or internally with subsidiaries. Blockchain is evolving, being tested to address inefficiencies, and is quietly expanding in the financial services and tech industries and [Read more]
Prairie Provident Provides Operational Update and Responds to Market Activity
CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) wishes to confirm that the Company’s management is unaware of any material undisclosed change in the Company’s operations or corporate position that would account for the recent market volatility. Prairie Provident is pleased to report that its core western Canadian operations remain on track. Over the last week, production averaged approximately 5,500 boe/d [Read more]
68th CEEA Speaker Series – North American, Canadian Senior Executive and Global Leaders Speaker: FW De Klerk (Ex-President of South Africa)
The Canadian Energy Executive Association ("CEEA") proudly presents an exclusive Speaker Series and networking event featuring President FW de Klerk on June 14th, 2018 at the Calgary Petroleum Club. During his presidency from September 1989 until May 1994, FW de Klerk dismantled apartheid and initiated and presided over the inclusive negotiations that led to the adoption of South Africa’s first fully democratic Constitution in December 1993. In 1993, together with Nelson Mandela, he was [Read more]