CALGARY, Alberta - Crew Energy Inc. (TSX: CR, OTC: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer focused in the world-class Montney play in northeast British Columbia, today announced that the Company will present at the Microcap Rodeo Fall Harvest Investor Conference on October 5th, 2021, and the Lytham Partners Fall 2021 Conference on October 6th, 2021. Microcap Rodeo Fall Harvest Investor Conference Senior management of Crew is scheduled to present on [Read more]
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Altura Energy Inc. provides virtual meeting details for the Oct. 7, 2021 special meeting
CALGARY, AB - Altura Energy Inc. ("Altura" or the "Company") (TSXV: ATU) provides virtual meeting details for the upcoming special meeting of shareholders (the "Meeting") to approve, among other things, the change of management transaction. The Meeting will be held on October 7, 2021 at 2:30 p.m. (Calgary time). In the interest of public safety, and in response to the Province of Alberta's restrictions on group gatherings relating to the COVID-19 pandemic, the Meeting will be held as a virtual [Read more]
WATCH: Why are small oil and gas companies going bankrupt?
Heidi Mckillop investigates the solution to fixing "legacy wells", featuring Danielle Smith, Kris Kinnear, and Shane Sutherland. https://www.youtube.com/watch?v=PNhJ1RjYkoA [Read more]
OPEC+ considers options for releasing more oil to the market
OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, against a backdrop of oil near a three-year high and pressure from consumers for more supply. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, agreed in July to boost output by 400,000 bpd a month to phase out 5.8 million bpd in cuts. It meets on Monday to review its output policy. Four OPEC+ sources [Read more]
Time to remember a lifetime to heal – ELM Inc.
On behalf of all of us at ELM, I wanted to take this time to recognize today as a new beginning. Reconciliation is a spiritual process that requires more than just a day to remember. We need to come together and understand that our collective relationship requires each of us to open our hearts and minds to the process of healing. Healing is not an easy journey and recalls the words of Murray Sinclair. “The road we travel is equal in importance to the destination we seek. There are no [Read more]
Surging natural gas prices: Threat to consumers this winter?
Brace for a rude surprise on your winter heating bills. After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year. In Europe and Asia, wholesale prices are more than five times what they were a year ago. The surging costs have coincided with a robust recovery from the pandemic recession, with more homes and businesses burning all forms of fuel. That intensified demand is poised to contribute to higher heating [Read more]
Oil drops after U.S. inventories post surprise gain
Oil prices down mixed on Thursday as selling prompted by an unexpected rise in U.S. inventories eased, with analysts predicting supply may not keep up with a recovery in demand. U.S. West Texas Intermediate (WTI) crude futures dropped $1.48, or 1.98% to $73.14 a barrel, having also declined by 0.6% in the previous session. Brent crude was down $1.86, or 2.37% at $76.50 a barrel, after falling 0.6% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures and fuel stockpiles increased [Read more]
Cuda announces termination of agreement to sell Alberta assets
Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") previously announced that it had entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company ("Purchaser") with a targeted closing date of September 30, 2021. Cuda and the Purchaser have mutually agreed to terminate the Agreement, as a mutual condition precedent was [Read more]
Delta CleanTech capturing sustainability through innovative technology
With Canada having ambitious goals for reducing its emissions – 30 per cent by 2030, the need for carbon capture utilization has come to the forefront. One Calgary company is seeing its technology in high demand as the country recognizes the importance of reducing emissions. Operating since 2004, Delta CleanTech has commercial and cost-effective CO2 carbon capture technologies which have been meticulously engineered and crafted to help reduce capital and operating costs and has been involved [Read more]
Bird River Resources Inc. and Faraday Energy Inc. provide update to proposed business combination
WINNIPEG, MB - Bird River Resources Inc. ("Bird River" or the "Company") (CSE:BDR) and Faraday Energy Inc. ("FEI"), a corporation existing under the laws of the Province of Quebec, are pleased to announce that further to their joint press releases dated May 27, 2021 and August 10, 2021, they have agreed to extend the expiration date of their non-binding letter of intent dated May 26, 2021 and as amended on September 28, 2021 (the "Letter of Intent") to October 31, 2021. The Letter of Intent [Read more]