CALGARY, Alberta, Oct. 18, 2017 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) At today’s Investor Day in New York City, Encana President & CEO Doug Suttles, along with members of the executive and management teams, will outline the company’s relentless focus on creating value and its updated five-year plan. “Successful execution of our strategy and strong performance through 2017 has set the stage for the next five years,” said Suttles. “We have created a highly resilient business that is [Read more]
Headlines
Tangle Creek Energy Ltd. Announces Closing of Transformational Acquisition
CALGARY, Oct. 17, 2017 /CNW/ - Tangle Creek Energy Ltd. ("Tangle Creek") is pleased to announce it has closed an acquisition of assets primarily in the Waskahigan and Kaybob areas of Alberta. Included in the acquisition is approximately 2,500 boe/d of production (35% light oil), half of which is from the Waskahigan property (60% light oil) where Tangle Creek will focus future development activities. The acquisition increases Tangle Creek's current production to over 8,000 boe/d (55% [Read more]
Trudeau, Notley said yes to pipelines, while really meaning no
While telling people that they understand the importance of the pipelines, Notley and Trudeau piled up the regulatory bricks to ensure they were not viable TransCanada’s withdrawal of its proposal to build the Energy East and Eastern Mainline oil pipelines is a huge loss to Canada and Canadian workers – a $16 billion project regulated to death. Let’s get the red herring out of the way up front. Yes, the low world price of oil was surely part of this decision, but it’s certainly not all of [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. Oct. 16 Oil Field / Battery Operator Roska DBO Fox Creek Oct. 16 Coordinator, Coiled Tubing Calfrac Well Services Grande Prairie Oct. 16 AFE Administrator Canadian Natural Resources Calgary Oct. [Read more]
RMP Energy Announces Successful Closing of Transformational Asset Disposition
CALGARY, Alberta, Oct. 17, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce that it has completed its previously-announced strategic asset disposition (the “Transaction”) to Tangle Creek Energy Ltd. (“Tangle Creek”). After closing adjustments, consideration received by RMP under the Transaction totaled approximately $78.1 million, comprised of approximately $69.1 million in cash and $9.0 million in Tangle Creek common shares. With the closing [Read more]
What crown land sales can tell us about the state of the industry
Presented by: Jim Eistetter of Seaton-Jordan & Associates Tuesday, October 24 – complimentary workshop Jim Eistetter, President of Seaton-Jordan & Associates will highlight active areas and plays using XI data. Mr. Eistetter will provide a market analysis comparing 2016 to 2017 Crown land sale results, with a focus on Alberta. He'll address how current market conditions are affecting land sales and provide insight into how Seaton-Jordan is expecting trends to unfold in the near [Read more]
U.S. issues presidential permit to Enbridge cross-border crude pipeline
After years of regulatory delays, the United States on Monday issued a presidential permit to a three-mile segment of Enbridge Inc's Line 67 crude oil pipeline, which will enable the company to nearly double capacity on the cross-border conduit. The permit from the U.S. State Department for the so-called Alberta Clipper line will allow Calgary-based Enbridge to ship 890,000 barrels per day (bpd) of Canadian crude from Edmonton, Alberta, to Superior, Wisconsin, up from 450,000 bpd [Read more]
Germany’s electrical Franken-system illustrates green energy challenges and the importance of fossil fuels
Several European countries have spearheaded the global push towards renewable energy. There are several reasons for this drive, care for the environment being the most commonly heard. That factor is no doubt important to the progressive countries of western Europe, but there are other non-trifling reasons as well. Consider this problem for western Europe – would you like to be dependent on Vladimir Putin, or Russia, or anything connected to Russia, for your heat in winter? That is one of the [Read more]
TransGlobe Energy Corporation Announces Q3 2017 Operations Update
CALGARY, Alberta, Oct. 16, 2017 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Produced on average ~14.9 MBoepd (~12.2 MBopd Egypt, ~2.6 MBoepd Canada), down from Q2 due to well servicing in Egypt and voluntary shut-in of dry gas in Canada during September. Sold ~793,000 barrels of entitlement crude oil in Egypt [Read more]
New era of oil supply certainty force changes in Canadian producers’ strategies
CALGARY - A shift in global oil markets sentiment is under way, replacing decades of scarcity fears with confidence in surpluses, capping oil prices and forcing changes in the way the industry works, observers say. "We're moving from a mindset where oil was considered a scarce resource to one now where it's more of a plentiful resource," said Steve Reynish, executive vice-president of strategy and corporate development at Suncor Energy Inc. (TSX:SU), speaking at a conference in Calgary [Read more]