CALGARY, ALBERTA--(Marketwired - Nov. 1, 2016) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today operating and financial results for the three months ended September 30, 2016. Highlights: Adjusted EBITDA1 of $63 million in the third quarter of 2016 represented a 41% increase over the second quarter of 2016 and was supported by record Infrastructure segment profit contribution of $52 million; (1) Adjusted EBITDA [Read more]
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TransCanada Reports Strong Third Quarter 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2016) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced a net loss attributable to common shares for third quarter 2016 of $135 million or $0.17 per share compared to net income of $402 million or $0.57 per share for the same period in 2015. Third quarter 2016 results included a $656 million after-tax goodwill impairment charge related to our U.S. Northeast Power business. Excluding the net loss on the goodwill impairment and [Read more]
TransCanada Provides Update on Strategic Initiatives
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2016) - Highlights: TransCanada expects to realize approximately US$3.7 billion from the monetization of its U.S. Northeast Power business Decides to maintain full ownership interest in its growing Mexican Natural Gas Pipeline business Reaches agreement to purchase all of the common units of Columbia Pipeline Partners LP for US$17.00 per unit for a total amount of approximately US$915 million Announces bought deal offering of common [Read more]
Questfire Energy Corp.: Property Divestiture & Joint Venture Opportunities
Sayer Energy Advisors has been engaged to assist Questfire Energy Corp. (“Questfire” or the “Company”) with the sale or farm-out of certain assets located throughout Alberta (the “Properties”). The Properties are located in the Medicine Hat, Carstairs, Garrington, Oberlin (Delburne), Gadsby, Willesden Green, Chigwell, Ferrybank, Westerose, Brazeau River, Lloydminster, Mannville, Cache, Fir, Niton-Leaman, Kakwa and Girouxville areas of Alberta. Questfire has a number of joint venture [Read more]
A look at key players in the Dakota Access pipeline fight
BISMARCK, N.D. - The Dakota Access pipeline, a $3.8 billion, four-state project designed to carry oil from North Dakota to Illinois, has become a rallying point for American Indian tribes and others determined to block it. Here's a look at the key players connected with the protest, which began in April, heated up during the summer and boiled over in October with some 400 arrests. ___ THE PIPELINE COMPANY Energy Transfer Partners, or ETP, is a Fortune 500 oil and natural [Read more]
Strategic Oil & Gas Ltd. Tests Recent Muskeg Well at 1,263 boed
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2016) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to provide an update on the Company's current drilling activities. Strategic has drilled its first four well pad in the development corridor at West Marlowe. The recent Muskeg horizontal well 2-13 has an average rate of 1,263 boe/d over the last 24 hours on test and has produced over 7,400 boe (54% oil) over the past 7 days. The well is currently [Read more]
This week’s new oil and gas 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 here to create an account to post jobs; it's simple and easy to use. HSE Manager Long Run is a Calgary based intermediate oil and natural gas company focused on development, exploration and production in the Western Canadian Sedimentary Basin. Long Run is currently looking to fill the [Read more]
Alberta carbon plan to shrink GDP, but province expects long-term growth
EDMONTON - Alberta released estimates Monday showing its climate change plan will shrink the economy in the short term, but Environment Minister Shannon Phillips said the figures are a work in progress. The province estimates the economic impact of the plan will be 0.3 or 0.4 per cent of the GDP by the year 2022, which translates into slower growth of .05 per cent per year during that time. It also estimates that getting a pipeline to tidewater, which would give Alberta a better price for [Read more]
ConocoPhillips reaches 100,000 barrels of oil per day production at Surmont
ConocoPhillips announced it had reached 100,000 bbl/d from its Surmont oil sands operation, read the notice below from their website: After building the largest single-phase SAGD expansion ever, and temporarily shutting the entire project down in the face of a historic wildfire, we are extremely proud to celebrate a new milestone at Surmont: reaching 100,000 barrels of oil per day (bpd). And despite all challenges, we reached this milestone well ahead of our original target. "They say it [Read more]
Chinook Energy Provides Update in Respect of Craft Oil Ltd.
CALGARY, ALBERTA--(Marketwired - Oct. 31, 2016) - Chinook Energy Inc. (TSX:CKE) ("Chinook") announced today that further to its news release dated October 17, 2016, Craft Oil Ltd. ("Craft"), an approximate 70% owned subsidiary of Chinook, has completed the previously announced asset disposition (the "Asset Disposition") for gross proceeds of $13.5 million, comprised of $9.0 million cash and $4.5 million of tradeable debentures. For further details regarding the Asset Disposition, please see [Read more]