Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announced today that its upcoming Annual Meeting of Shareholders ("Shareholders Meeting") will now be held at the Company's head office at Suite 300, 311 Sixth Avenue SW, Calgary, Alberta. The Shareholders Meeting date will continue to be on Wednesday, April 22, 2020 at 3:00 PM Mountain Daylight Time. Due to the unprecedented public health impact of the coronavirus disease ("COVID-19") and the restrictions on mass [Read more]
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Keyera Advances Gathering & Processing Optimization Plan
CALGARY - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it continues to make progress on its gathering and processing optimization plan and plans to suspend operations at four of its gas plants located in west central Alberta. Keyera expects to suspend operations at its Minnehik Buck Lake and West Pembina gas plants in the second half of 2020, followed by the Ricinus and Nordegg River gas plants in 2021. Keyera will utilize its interconnected network of gathering [Read more]
Iron Horse Group Inc. recognised by Dene Tha’ First Nation
First Nation owned and operated project management company officially launches High Level, AB - Headquartered in Bushe River, part of the Dene Tha' First Nation, Iron Horse Group Inc. is a technology driven Project Management company focused on the environment and people. Iron Horse Group provides numerous solutions that range from the treatment and reuse of water for industry, application of chemistry and various technical resource services such as remediation. “We are extremely proud and [Read more]
Petrus Resources announces second quarter capital budget, executive appointment and annual general meeting update
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its second quarter 2020 capital budget. With the current volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a second quarter 2020 capital budget of $0.5 million, which provides for non-discretionary maintenance [Read more]
Transglobe Energy Corporation announces an update to its 2020 hedge program
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces an update to its oil hedge position for 2020. All dollar values are expressed in US dollars unless otherwise stated. HEDGING [Read more]
Clearview Announces Operations Update and December 31, 2019 Corporate Reserves Information
CALGARY - Clearview Resources Ltd. ("Clearview" or "the Company") is pleased to announce its 2019 year end reserves and an operational update in light of the combined impacts of the Coronavirus pandemic and the collapse in energy commodity pricing due to decreased global oil demand and the OPEC+ oversupply situation. HIGHLIGHTS Proved developed producing ("PDP") reserves decreased by 5% to 5.1 million barrels of oil equivalent ("MMboe"), while the total proved ("1P") and total proved [Read more]
Canada won’t tip hand on possibility of import tariffs on Saudi oil
OTTAWA - Canada's energy minister will speak to his U.S. and Mexican counterparts Thursday in a bid to generate a common front ahead of talks by the world's biggest economies aimed at ending the global oil price wars. But Deputy Prime Minister Chrystia Freeland refuses to say whether Canada would consider slapping import duties on oil from Saudi Arabia or Russia if they can't reach an agreement to curb production to respond to the drastic drop in global demand for oil. U.S. President [Read more]
Financier predicts new respect for oilpatch as Canada recovers from pandemic
Calgary energy investor Mac Van Wielingen says there's an opportunity for the oil and gas sector to regain public and government respect when Canada tries to restore its economy after the COVID-19 pandemic ends. The co-founder of ARC Financial Corp. says the industry has suffered through six years of slow crisis started when global oil prices tumbled in 2014 and made worse by national policies that show "sometimes hellish hostility" toward the fossil fuel industry. Van Wielingen predicts [Read more]
The Canadian Association of Petroleum Producers outlines recommendations for economic recovery
CALGARY - The Canadian Association of Petroleum Producers (CAPP) has been working closely with the federal government to identify important areas for urgent action to help Canada's energy sector survive the current economic crisis, and other measures needed to support the country's recovery once the COVID-19 pandemic subsides Through the Government of Canada's designation of the oil and natural gas sector as an essential service, industry workers remain on the front lines to ensure Canadians [Read more]
Heavy discount narrows despite oil storage pressure
Canadian heavy crude's discount narrowed slightly versus the U.S. benchmark West Texas Intermediate (WTI) oil on Wednesday, as Canada's largest oil producer signaled support for government curtailments to ease storage pressure amid a global glut. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, traded at $19.50 per barrel below WTI, according to NE2 Canada Inc, narrower than Tuesday's settle of $20.25 under. "Canadian storage capacity is going to be [Read more]