CALGARY, Nov. 6, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces that, effective November 3, 2017, Mr. Richard Thompson has resigned as President, Chief Executive Officer and Director of Marquee. Dr. William J.F. Roach will continue as the Interim Executive Chairman of the Board of Directors with the responsibilities of President and Chief Executive Officer. ABOUT MARQUEE Marquee is a Calgary based, junior energy company focused on high [Read more]
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Journey Energy Inc. Reports its Third Quarter 2017 Financial Results
CALGARY, Nov. 6, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2017. The complete set of financial statements and management discussion and analysis are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2017 HIGHLIGHTS Highlights for the third quarter and to date are as follows: Achieved production of 10,088 boe/d, [Read more]
Pembina Pipeline Corporation Announces $290 Million of Duvernay Infrastructure Development
CALGARY, Nov. 6, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has executed further agreements ("Service Agreements") whereby the Company will construct and operate the first tranche of infrastructure development under its previously announced 20-year infrastructure development and service agreement (the "Agreement") with Chevron Canada Limited ("Chevron"). The Agreement includes over 230,000 acres of land dedication by Chevron in [Read more]
Chevron Canada Limited Announces Kaybob Duvernay Development Program
CALGARY, Nov. 6, 2017 /CNW/ - Chevron Canada Limited (Chevron) announced today it is moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta. The decision follows a successful three-year appraisal program by Chevron. It is anticipated this initial development program will comprise approximately 55,000 acres of Chevron's operated position in the Duvernay resource in the area known as East Kaybob. The program will utilize long-term [Read more]
TransCanada Appoints New Independent Director
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced the appointment of a new independent director, Thierry Vandal. Mr. Vandal has more than 30 years of experience in the North American power and utility industry. He currently serves as president of Axium Infrastructure US, Inc. and as a director of Axium infrastructure inc., in addition to holding positions on the board of directors of Royal Bank of Canada [Read more]
Alberta premier going on tour to stump for Trans Mountain pipeline project
EDMONTON - Alberta Premier Rachel Notley is to go on tour later this month to stump for the Trans Mountain pipeline, but is resisting opposition calls to wield a big stick against its opponents. Notley is to speak in Toronto, Ottawa, Vancouver, Calgary and Edmonton over the next three weeks on the importance of the pipeline expansion to the British Columbia coast through Burnaby. The $7.4-billion Kinder Morgan Canada (TSX:KML) project is to expand an existing pipeline so Alberta [Read more]
Vital Energy Inc. Pennant Project, S.W. Saskatchewan – Project Update
CALGARY, Alberta, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Vital Energy Inc. (“Vital”) announces that the funding for the drilling and completion costs for the first well in the previously announced Phase 1 earning well drilling program has been advanced by Cerus Energy Corp. (“Cerus” “CEA”) (TSX-V:CEA) to Vital. Drilling of the first well (UWI: 91/14-15-018-17W3M) is expected to commence on or before November 14, 2017. The primary target is medium gravity (21 degree) oil from the Upper Shaunovan [Read more]
Who pays for all this stuff? Green energy, debt, and our way of life – we can’t have it all
One of the biggest changes of current times, beyond technology or communications, has been the amazing progress of our standard of living. A fundamental shift has occurred in the way we acquire the necessities of life, and even how we define what those necessities are. My ten-year-old son says his worst nightmare is no WiFi. The rest of it is just a given; if you want food well duh, the grocery store is full of it. Any other device he can conceive of is a google search away. There is no value in [Read more]
Kuwait’s PIC signs contract with U.S. Jacobs for plant in Canada
Kuwait's Petrochemical Industries Co (PIC) has signed a contract with U.S. firm Jacobs Engineering to carry out engineering and design work for a planned polypropylene plant it co-owns in Canada, Kuwait's state news agency reported on Saturday. Kuwait and its neighbours including Saudi Arabia are expanding their petrochemicals footprint abroad, offering them a diversified feedstock for their growth in the sector. Canada Kuwait Petrochemical Corp. (CKPC), a joint venture between PIC, [Read more]
Pengrowth Reaches Agreement for Sale of Its Quirk Creek Sour Gas Assets
CALGARY, ALBERTA--(Marketwired - Nov. 3, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into an agreement for the sale of its Quirk Creek assets in Southern Alberta for total cash consideration of $6.5 million, subject to customary adjustments. The sale includes the Quirk Creek sour gas plant and associated gathering systems related to the production of sour gas and liquids. Quirk Creek generated average daily production of approximately 1,900 [Read more]