CALGARY - The Alberta Energy Regulator says an oil and gas company under court protection from creditors is reporting the leak of an estimated 630 barrels of oilfield liquids from a pipeline in northern Alberta. The provincial regulator says it is responding to the release of an oil-water mixture known as 'sour emulsion' from an Accel Energy Canada line about 24 kilometres southwest of Swan Hills, reported by the company last Thursday evening. It says the pipeline has been shut down and [Read more]
Headlines
Whitecap Resources raises 2021 production target as it completes two takeovers
CALGARY - Oil and gas producer Whitecap Resources Inc. says "exceptional" operating performance in the first quarter as it completed the takeover of two Calgary rivals is allowing it to increase its 2021 production and cash flow guidance without raising its capital spending plan. The Calgary-based company says its first quarter average production is expected to be between 94,000 and 95,000 barrels of oil equivalent per day, up four per cent fromits prior forecast, thanks largely to better [Read more]
Oil slumps as Suez Canal container ship starts to move
Oil slumped on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week. U.S. crude fell 60 cents, or 0.77%, to $60.35 a barrel. Brent crude was down 51 cents, or 0.81%, at $63.85 a barrel. The stranded container ship Ever Given has almost been completely floated and will be inspected before it is moved, a shipping source with knowledge of the matter told Reuters on [Read more]
Producing Alberta mineral titles for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Innovative technology to reduce berm erosion & tank base corrosion
Throughout a two-week timeframe in 2018, our team at Western Engineered Containment (WEC) had the opportunity to install the Precidium ECS 40 mil Tank Skirts (ECS) on the Suncor Fort Hills facilities. The companies involved in the Suncor Fort Hills Tank Skirt Systems project include Secure Energy Services, Suncor, and WEC. Tank Skirt Purposes There are 2 major purposes behind a tank skirt - Erosion Control and Corrosion Control. Erosion Control Varying climates like rain & [Read more]
Hillcrest to complete CSE listing and voluntary TSXV de-listing
Vancouver, B.C. - Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) (OTC:HLRTF) (TSXV:HRH), announces that further to its news releases dated March 8, 2021 and September 8, 2020, the Company has received confirmation from the Canadian Securities Exchange (the “CSE”) that the common shares of the Company (the “Shares”) are expected to commence trading on the CSE under the symbol “HEAT” at the opening of the market on March 31, 2021. The Company has requested that its Shares be voluntarily [Read more]
Canadian oil and gas needs to cast a bigger net
When President Joe Biden was elected in November, it raised concerns north of the border, notably in the oil and gas sector. As neighbours and trade partners, the U.S. is Canada’s biggest customer when it comes to oil and gas services and products. Part of Biden’s platform was the cancellation of Keystone XL, and a $2 trillion climate plan., the latter significantly impacting both Canada and Alberta, who invested billions. These two stances show an eye on moving from oil and gas and [Read more]
Obsidian Energy announces fourth quarter and full year 2020 results and provides full year 2021 guidance
Strong 2020 operational performance drives improved cost metrics and debt reduction Robust well results to date from first half 2021 development program 2021 capital budget set at $127 million with decommissioning budget of $8 million Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2020. Three months ended [Read more]
Whitecap Resources Inc. increases 2021 production guidance with no increase to capital spending and enhances balance sheet strength through credit redetermination
CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide shareholders with an operational update on our successful capital program thus far in 2021 allowing us to increase 2021 production guidance with no change to our capital program, resulting in increased free funds flow. In addition, we continue to enhance our financial strength by extending our credit facility maturity to May 31, 2025 and maintaining our low cost of debt. OPERATIONS [Read more]
‘It’s silly’ Director of Bigfoot movie thanks Alberta energy centre for controversy
EDMONTON - The director of a children's movie about Bigfoot wants to thank the Alberta government's energy centre for starting a "ludicrous" fight over the film. Ben Stassen laughed several times as he told The Canadian Press that the animated "Bigfoot Family" had dropped from the top 10 list of most-viewed films on Netflix about 15 days after its February debut. After the controversy earlier this month, "it went back up to number eight and stayed there until last Sunday," Stassen, who [Read more]