CALGARY, Alberta - Boulder Energy Ltd. (“Boulder” or the “Company”) has engaged National Bank Financial Inc. (“NBF”) as Financial Advisor and Raymond James Ltd. (“Raymond James”) as Co-Financial Advisor to initiate a process (the “Strategic Review”) to identify, examine and consider all strategic and financial alternatives available to the Company, including a sale of the Company’s assets, with the ultimate view of enhancing stakeholder value. Strategic Review The Strategic Review is [Read more]
Headlines
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area
CALGARY - Suncor Energy Inc. will delay a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Alberta. CEO Mark Little says the delay of the maintenance "turnaround" for one of the coker units in the upgrader will allow the company to reduce the number of contractors in the region until after similar work now underway at the nearby Syncrude [Read more]
Construction to commence on the first co-produced geothermal power project in Alberta and Canada
CALGARY, Alberta - FutEra Power Corp. (“FutEra”), a subsidiary of Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) which is a publicly-traded Alberta-based junior oil and gas company, is pleased to announce it is entering the project execution stage of its co-produced Geothermal Power Project in Swan Hills, Alberta (the “Project”). For further investor information please contact the undersigned at info@futerapower.com This Project begins with field construction activities, with [Read more]
Government of Canada approves the NOVA Gas Transmission Ltd. 2023 North Corridor System Expansion Project
OTTAWA, ON - Today, the Minister of Natural Resources, the Honourable Seamus O'Regan Jr., announced that the Government of Canada has approved the NOVA Gas Transmission Ltd. (NGTL) 2023 North Corridor System Expansion Project with 37 conditions. This decision was based on facts, science, Indigenous knowledge, the public interest, and careful consideration of the concerns of potentially impacted Indigenous communities. Reconciliation with Indigenous Peoples is a top priority for the [Read more]
Latest advancement in ball-activated completions achieves high stage count stimulation with minimal operation time
An oil and gas producer working on the British Columbia side of the Montney formation deployed the latest iteration of the Packers Plus StackFRAC® HD-X ball-activated system to maximize their reservoir coverage with 60-stage open hole completion systems and delivering high-rate stimulation in minimal operational time. The completion program was run across four wells, and the ePLUS® Retina Monitoring System confirmed that activation balls landed in every FracPORT™ H3 Sleeve of each system and [Read more]
Oil edges up on U.S., Europe demand growth prospects
Oil prices added to overnight gains on Tuesday, buoyed as more U.S. states eased lockdowns and the European Union sought to attract more travellers, which would help offset weakened fuel demand in India as COVID-19 cases soar. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.23%, to $65.26 a barrel, after gaining 1.4% on Monday. Brent crude futures rose 86 cents, or 1.27%, to $68.48 a barrel after climbing 1.2% on Monday. Prices are being supported by the prospect [Read more]
Hydrocarbons In Transit- Line 5’s saving grace?
The cancellation of the Enbridge Line 5 easement was big news following the cancellation of Keystone XL but Line 5 has been big news for years and is back in the spotlight this month. According to Marilyn Gladu, Engineer, former Director of Engineering at Suncor, and current MP for Sarnia-Lambton, the Enbridge Line 5 shutdown has been big news ever since Michigan governor Gretchen Whitmer got elected on the promise to shut it down in 2019. The Line 5 shutdown saga comes to a head this [Read more]
Suncor Energy reports first quarter 2021 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are [Read more]
Heavy discount widens on first day of new trade cycle
Canadian heavy crude's discount to West Texas Intermediate (WTI) widened on Monday, the first day of the new monthly trade cycle: Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, widened to last trade at $12.00 per barrel below WTI, according to NE2 Canada Inc, down 25 cents from the previous settle. Light synthetic crude from the oil sands for June delivery traded at $1.00 per barrel below WTI, according to NE2, having previously settled at 50 cents a [Read more]
MEG Energy announces strong first quarter operational and financial performance
CALGARY, AB - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its first quarter of 2021 operational and financial results. MEG continues to proactively respond to the safety challenges associated with the COVID–19 pandemic and remains committed to ensuring the health and safety of all of its personnel and the safe and reliable operation of the Christina Lake facility. "MEG's first quarter was strong from both a financial and operational perspective" said Derek Evans, [Read more]