CALGARY, AB - Prairie Storm Resources Corp. ("Prairie Storm" or the "Company") (TSXV: PSEC) is pleased to report its unaudited financial and operating results for the quarter ended March 31, 2021. The selected financial and operating information is outlined below and should be read in conjunction with Prairie Storm's unaudited interim condensed consolidated financial statements and related management's discussion and analysis as at and for the three months ended March 31, 2021 along with the [Read more]
Headlines
Canadian drilling contractor association changes name to reflect energy transition
CALGARY - A 72-year-old bastion of the Canadian oilpatch has changed its name and mandate in a sign of the times as the world reduces its use of fossil fuels in favour of cleaner, greener forms of energy. The Canadian Association of Oilwell Drilling Contractors says it will become the Canadian Association of Energy Contractors after extensive member and industry consultations. It says it is also adopting an expanded mandate to reflect its members' roles in developing hydrogen, helium, [Read more]
Razor Energy Corp. announces first quarter 2021 results
CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its first quarter 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended March 31, 2021 which are available on SEDAR at www.sedar.com and the Company’s website [Read more]
Rok Resources announces note financing
REGINA, SK - ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce that it intends to proceed with a $4 million financing consisting of senior secured notes of the Company ("Notes"), with each Note consisting of a principal amount of $1,000 and with interest payable thereon at a rate of 14% per annum and with a term of three years from the date of issuance thereof (the "Offering"), but with the ability of the Company to fully repay the Notes at no penalty after two years [Read more]
Trans Mountain pipeline begins construction of tunnel in Burnaby, B.C.
BURNABY, B.C. - Construction has begun on the 2.6-kilometre tunnel in Burnaby, B.C., for the Trans Mountain pipeline expansion project. The company says in a news release the work on the tunnel connecting the Westridge Marine and Burnaby terminals began Wednesday. It says the start of construction of the tunnel represents one of the major components of the expansion project in the Lower Mainland and is expected to take a little over half a year to complete. The tunnel construction began [Read more]
Altura Energy announces first quarter 2021 financial and operating results
CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2021. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2021 are available on SEDAR at www.sedar.com and on Altura's website at www.alturaenergy.ca. Selected financial and operating information for the three [Read more]
Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator
EDMONTON - The head of Alberta's energy regulator says his agency has all the tools it needs to be able to clean up the province's massive backlog of abandoned and inactive oil and gas wells. And Laurie Pushor, now a year into his tenure at the helm of the Calgary-based Alberta Energy Regulator, says the office is gradually regaining the trust of Albertans. More than half the province's wells are no longer producing and the regulator has predicted the number of those wells would double [Read more]
Pieridae plans to capture carbon at Alberta gas facility
Canadian energy company Pieridae Energy Ltd said on Thursday it plans to capture and sequester carbon at its natural gas processing facility in Caroline, Alberta. The planned Caroline complex - expected to store up to 3 million tonnes of carbon dioxide per year in a depleted underground reservoir - is part of a growing effort by energy firms to reduce greenhouse gas emissions to meet increasing customer and government demand for cleaner energy. Earlier on Thursday, U.S. liquefied natural [Read more]
Line 5 causing division and cross-border tensions
As both Canada and the U.S. await the heavily anticipated court decision of the Line 5 pipeline, people are holding their breath and hopeful for good news. Michigan and its Governor Gretchen Whitmer has ordered Canadian-owned Enbridge to close its 67-year-old pipeline over concerns about its environmental safety, which delivers a massive amount of oil and energy requirements (540,000 barrels a day) to Ontario, Quebec, and midwestern states, as well as more than half the propane consumed in [Read more]
Universal Geomatics Solutions announces net-zero carbon emissions for 2020 fleet
As a capstone to the first year of its Environmental Sustainability Program (ESP), Universal Geomatics Solutions Corp. (UGS) is commissioning the planting of 2209 trees by Tree Canada in their National Greening Program to compensate for the emissions of its truck, ATV and snowmobile fleet, from January 1 to December 31, 2020. Canada is one of the world’s leaders when it comes to managing its forests sustainably and has one of the lowest rates of deforestation. UGS is proud to contribute to [Read more]