Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday. Exxon, under pressure from activist investors who want the company to develop more ambitious plans for the energy transition, recently launched a Low Carbon Solutions business to focus on carbon capture and storage. Exxon will "leverage into what we see as a converging set of forces," Woods said at IHS [Read more]
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Waterous Energy Fund announces successful take-over bid for Osum Oil Sands Corp., commencement of mandatory 10-day tender extension period, and voluntary resignation of Osum directors and officers
CALGARY, AB - Waterous Energy Fund ("WEF") and its subsidiary WEF Osum Acquisition Corp. (the "Offeror") are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares ("Osum Shares") of Osum Oil Sands Corp. ("Osum") at a price of $3.00 per share (the "Offer") have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the [Read more]
Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO
The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS Markit. “As you look at supply and demand equation, we’re seeing that there will be a recovery in 2021 with an even more balanced market going into 2022,” said Simonelli, the head of energy services firm Baker Hughes Co. The energy industry was rocked by a collapse [Read more]
Looking to boost your business skills and re-invent your career? The MBA gives you a fresh start
Join fellow business professionals for this virtual MBA event. Business schools from around the world look forward to meeting you online on 11 March. Discover the best in business education. Here’s what you get at the event: Individual video meetings with MBA programme directors from York, Queens, St. Mary, McMaster, Sauder School of Business and many more Insights on online and hybrid learning options and flexible formats Personal consultation for your business and management [Read more]
Leucrotta Exploration announces board change
Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") announces that Kelvin Johnston has made the decision to resign from the Board of Directors due to an increased commitment that has arisen with respect to Mr. Johnston's other business interests. Leucrotta would like to express its gratitude to Mr. Johnston for his contributions to the Company over his 6 year tenure and wishes him well in his future endeavours. [Read more]
Questerre commissions CIRAIG to study hydrogen from clean gas
CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) has commissioned a report by the International Reference Centre for Life Cycle Products, Services and Systems (“CIRAIG”) on producing hydrogen, including blue hydrogen, using its zero-emissions natural gas in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “With the emissions from production virtually eliminated with our Clean Gas engineering, we are now targeting emissions [Read more]
Journey Energy Inc. announces termination of proposed Countess asset sale
CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has today formally terminated the purchase and sale agreement with the third-party purchaser for Journey's recently commissioned 4.2 megawatt power plant and the associated Countess natural gas assets (collectively the "Countess Assets"). Journey has decided to terminate the agreement with the third party rather than provide a further extension to the closing date. The disposition of the [Read more]
Perpetual Energy Inc. announces extension of credit facility redetermination
Calgary, AB - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the maturity date applicable to the Company's credit facility has been extended to April 30, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before April 30, 2021. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company [Read more]
Heavy crude edges tighter on first day of new monthly trade cycle
Canadian heavy crude's discount to West Texas Intermediate (WTI) narrowed slightly on Monday: Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, last traded at $11.05 per barrel below WTI, according to NE2 Canada Inc, tightening very slightly from the previous session's settle of $11.10 a barrel below WTI. Monday was the first day of the monthly trade cycle, which runs from the first of each month until the day before pipeline nominations are [Read more]
Baytex Energy files 2020 year-end disclosure documents
CALGARY, Alberta - Baytex Energy Corp. (“Baytex”) (TSX: BTE) announces the filing of its Annual Information Form for the year ended December 31, 2020 (the “AIF”) with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval (“SEDAR”). In addition, Baytex has filed its Annual Report on Form 40-F for the year ended December 31, 2020, which includes the AIF, with the U.S. Securities and Exchange Commission on the Electronic Data Gathering, Analysis and [Read more]