CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today announces that it has finalized the credit facility (the "Facility") redetermination with its syndicate of lenders, and provides an operational update. Credit Facility Update Bonterra and its syndicate of lenders have agreed to amend the Facility as follows: Reflecting the Company's ongoing strategy of focusing on the repayment of outstanding bank debt, Bonterra has agreed [Read more]
Headlines
Leucrotta announces COVID-19 capacity restrictions for annual and special shareholder meeting
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is announcing that it has received notice from the Calgary Petroleum Club, the host venue of its annual and special meeting (the "Meeting") of holders (the "Shareholders") of voting common shares in the capital of the Company ("Common Shares") to be held on June 29, 2021 at 10:00 a.m. (Calgary time), that due to ongoing provincial health restrictions resulting from the SARS-CoV-2 novel coronavirus [Read more]
Reducing oil use to meet climate targets is tougher than cutting supply
Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate targets, often because consumers are not ready to pay up or compromise their lifestyles. Researchers, policy makers and energy executives told a Reuters Energy Transition conference this week that while energy companies were under pressure to accelerate measures to reduce emissions, governments have barely addressed reducing demand for the fossil [Read more]
Canada strengthens energy partnership with the United States
OTTAWA, ON - Canada and the United States are strengthening their bilateral energy relationship. The North American energy sector is highly integrated, supporting workers and bringing economic benefits to both sides of the border. The Honourable Seamus O'Regan Jr., Minister of Natural Resources, and Jennifer Granholm, the United States Secretary of Energy, participated in today's signing ceremony of a Memorandum of Understanding (MOU) on energy cooperation. The Canadian and United [Read more]
Altura Energy Inc. provides a corporate update
CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce the closing of the final stage of the asset disposition, an operational update and renewal of its credit facilities. ASSET DISPOSITION As disclosed in the Corporation's January 29, 2021 news release, Altura amended the payment schedule of the second transaction in the December 4, 2019 definitive agreement with a private company. On June 15, 2021, Altura closed the fourth and final stage [Read more]
Highwood Oil Company Ltd. announces change to its Board of Directors
CALGARY, AB - Highwood Oil Company Ltd (TSXV: HOCL) ("Highwood" or the "Company") is pleased to provide the below updates. Independent Director Appointment The Board of Directors is pleased to have appointed Mr. Ryan Mooney to the Company's Board of Directors as an Independent Director. Mr. Mooney brings with him an extensive resume and experience in the energy sector and capital markets, having worked in senior roles in industry, research, institutional sales and investment banking. Mr. [Read more]
Top U.S. oil industry lobby sets greenhouse gas disclosure template
The biggest U.S. oil and gas trade association on Thursday released new industry guidelines for energy companies to report greenhouse gas emissions, in a bid to address the sector's carbon footprint. The American Petroleum Institute, which includes Exxon Mobil Corp and Chevron Corp, said the framework aims to standardize the way companies track emissions, including flared natural gas, and prompts them to voluntarily disclose those details publicly. Aaron Padilla, API's manager of climate [Read more]
Briko Energy Corp. Enters into arrangement agreement with Journey Energy Inc.
Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Journey Energy Inc. ("Journey"), pursuant to which Journey will acquire all the issued and outstanding common shares of Briko by way of Plan of Arrangement under the Business Corporations Act (Alberta) (the "Acquisition"). Consideration for Briko shareholders from the Acquisition includes $2.9 million of cash (the [Read more]
Journey Energy Inc. announces private company acquisition and amendments to term debt
CALGARY, AB - Journey Energy Inc. (TSX; JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has today entered into a definitive agreement for the acquisition of a private company. ACQUISITION OF PRIVATE COMPANY Journey today entered into a definitive agreement to purchase a private company producing approximately 610 boe/d (76% natural gas) primarily in the Nordegg and Grande Cache areas of Alberta. The acquisition price will be paid for through the issuance of 3.5 million [Read more]
OGCI Chairman Bob Dudley on what post-pandemic recovery of energy demand means for reducing global emissions; investing in new technologies and why a value on carbon is needed
WASHINGTON - In the first episode of the CERAWeek Conversations series for 2021, Bob Dudley, chairman of the Oil and Gas Climate Initiative (OGCI), discusses how the post-pandemic recovery of energy demand “shows the size, scale and complexity” of the challenge to reduce global emissions and why “no one company, no one real industry [can do it alone].” In a conversation with Daniel Yergin, vice chairman, IHS Markit, Dudley discusses the organization’s initiatives for reducing [Read more]