Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. When it comes to calculating liability obligations and dealing with your retirement obligation planning, working interest partners are one of the biggest sources of confusion and frustration. XI Technologies has found questions about [Read more]
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Bird River Resources Announces Resignation of CFO
WINNIPEG - Bird River Resources Inc. (CSE:BDR) ("BDR" or the "Corporation") reports the resignation of Mr. John Tokarsky, Chief Financial Officer effective immediately. The Board of Directors would like to thank Mr. Tokarsky for his many years of service to the Corporation. The Board of Directors is pleased to announce that Mr. Edward Thompson, Secretary-Treasurer has been appointed pro tem Chief Financial Officer for the interim until a suitable replacement has been retained. About Bird [Read more]
Heavy discount widens as stockpiles remain elevated
The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as stockpiles remained elevated due to transportation constraints. "The train that derailed in Saskatchewan caused much damage to the track so it might take a few more days or even a week and a bit to get back into service ... which might back some crude by rail potentially," one trader said Fires are still burning at the site where a Canadian Pacific Railway train derailed [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. Posting Date Job Title Company Location Dec. 9 Temporary Senior Advisor, Investor Relations AltaGas Calgary Dec. 9 Field Operator Roska DBO Grande Prairie Dec. 9 Night Shift Opertor Roska DBO Grande [Read more]
Pembina Pipeline Corporation Provides Kinder Morgan Canada Update
CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce the results of voting at the special meetings of the Kinder Morgan Canada Limited ("Kinder Morgan Canada") (TSX: KML, KML.PR.A, KML.PR.C) holders of restricted voting shares and special voting shares and the holders of preferred shares. At meetings held earlier today, Kinder Morgan Canada's holders of restricted voting shares and special voting shares, voting together as a single [Read more]
Father’s energy legacy haunts Canada’s Trudeau as he seeks to heal rift with angry Alberta
Canadian Prime Minister Justin Trudeau has an unusual challenge as he seeks to charm angry westerners who fear he will destroy the region's oil and gas industry - the legacy of his father, who was reviled in much of the west for his energy policies. Pierre Trudeau, also a Liberal prime minister, pushed through a series of measures in 1980 to artificially depress the price of oil and help the more populous and politically influential east, in what is now the fourth largest oil producer in the [Read more]
Chevron Announces $20 Billion Capital and Exploratory Budget for 2020
SAN RAMON, Calif. - Chevron Corporation today announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities in the Gulf of Mexico. “We are positioning Chevron to win in any environment by ratably investing in the highest [Read more]
Exxon Mobil prevails in lawsuit over climate regulations
NEW YORK - Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't prove the company made any material misstatements "that misled any reasonable investor,” state judge Barry Ostrager in Manhattan wrote in dismissing the case. “Nothing in this opinion is intended to absolve [Read more]
Exxon wins climate change lawsuit, as cases over global warming proliferate
Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors.The case, brought by the New York Attorney General, is one of dozens of lawsuits in the United States brought against oil companies by local and state governments over global warming. Justice Barry Ostrager said that the state had failed to prove investors were misled.The following is a summary of how climate change [Read more]
Enbridge Increases Dividend by 9.8%, Announces 2020 Financial Guidance and Provides Update on Strategic Priorities
CALGARY - Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) announced its 2020 dividend and financial guidance and provided an update on its strategic priorities, which will be further discussed at the Company's investor conference today in New York. Highlights A 9.8% increase in the Company's common share dividend to $0.81/quarter ($3.24 annually), effective March 1, 2020. Updated 2020 financial guidance: EBITDA of approximately $13.7 billion; DCF per share of $4.50 to [Read more]