TransCanada Corp is "cautiously optimistic" about prospects for construction of its Keystone XL pipeline even after the state of Nebraska denied the company's preferred route, the leader of the oil-producing province of Alberta said on Wednesday. The comments by Premier Rachel Notley, whose government spoke with TransCanada representatives after the decision, were the first indication of the company's stance on Monday's announcement from the Nebraska Public Service Commission. TransCanada has [Read more]
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Notley pleas with political foes, allies to support Alberta pipeline projects
OTTAWA - Alberta Premier Rachel Notley issued warnings to all political parties to take off their partisan blinders or both the environment and Canada's energy industry will fail. Notley was in Ottawa on Tuesday as part of a national outreach effort to get more buy in for pipeline expansions in Canada. In a speech at the Economic Club of Canada and a roundtable discussion with The Canadian Press, she pleaded with political allies and foes alike to work with her. "You know that [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Nov. 21 Field Operator Roska DBO Progress Field Nov. 21 4th Class Junior Operator Roska DBO Peace River Nov. 21 Surface Land Administrator (Temporary) Canadian Natural Resources Grande Prairie Nov. [Read more]
U.S. hedge fund reports owning more than a 5% stake in Obsidian Energy
CALGARY - Activist investor FrontFour Capital says it will attempt to influence decisions at Calgary-based Obsidian Energy Ltd. (TSX:OBE) after accumulating more than 27 million shares. The Greenwich, Conn.-based hedge fund says in a declaration filed with the U.S. Securities and Exchange Commission that it has a 5.5 per cent stake in the oil and gas company formerly known as Penn West Petroleum. The filing is required if any entity owns more than five per cent of a publicly traded [Read more]
U.S. State Department declines to say if new Keystone XL pipeline review needed
WASHINGTON, Nov 21 (Reuters) - The U.S. State Department on Tuesday declined to comment on whether Nebraska’s approval of an alternative route for the Keystone XL pipeline will trigger a new review by the department. “I think that’s something we can’t comment on because it’s all ... in the courts right now,” State Department spokeswoman Heather Nauert said at a news briefing. Nebraska regulators on Monday approved a route for TransCanada Corp’s Keystone XL pipeline through the state which [Read more]
Shareholders urge TransCanada to back Keystone XL despite risk
TransCanada Corp should push ahead with an $8 billion Keystone XL pipeline expansion after the state of Nebraska on Monday approved a route that would raise the cost of the controversial project, some shareholders said. The approval quashed the last regulatory hurdle for the nearly decade-old project, but the Nebraska Public Service Commission denied TransCanada's preferred route. That opened the door to potential delays and emboldened activists who said they would try to kill the project [Read more]
Drilling contractors association forecasts ‘muted stability’ in 2018
CALGARY - The association that represents Canadian oil and gas drilling companies says it expects "muted stability" for the industry in 2018 despite recent strengthening in oil prices. The Canadian Association of Oilwell Drilling Contractors is calling for 6,138 wells to be drilled in its 2018 forecast, an increase of just 107 from the number expected to be drilled this year. It says the Canadian rig fleet is expected to shrink by 19 to a total of 615 next year as drilling [Read more]
Oil steadies as caution sets in ahead of OPEC meeting
LONDON (Reuters) - Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remained under pressure from signs of higher output in the United States. Brent crude oil was up 17 cents at $62.39 a barrel at 1452 GMT. U.S. light crude was at $56.72, up 30 cents. Analysts said Brent was expected to fluctuate in a narrow range, from $61 to $63, as the market awaited the outcome of the Organization of the Petroleum Exporting Countries’ meeting on [Read more]
Take a look at the Fall/Winter CAPL Course Calendar
Here is the upcoming list of courses for members of CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Nov 21 2017 Advanced Surface Rights (PSL®) Surface and Mineral open Nov 22,23 2017 Evaluation of Canadian Oil and Gas Properties for Landmen (2 Day) Technical Skills open Nov 28 2017 Acquisitions and Title Review: A Practical Guide Acquisitions and Divestments open Nov 29,30 2017 Drilling and [Read more]
Marquee Energy Ltd. Announces Third Quarter 2017 Financial and Operating Results and Provides Operational and Corporate Update
CALGARY, Nov. 20, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces its third quarter operational and financial results for the three and nine months ended September 30, 2017. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2017 are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Marquee's website at [Read more]