The Canada Energy Regulator (CER) granted on Thursday a request of government-owned oil pipeline operator Trans Mountain to keep the names of its insurers confidential, to protect them from pressure by protesters. Activists have stepped up pressure on banks and insurers to drop financing and insurance for fossil fuel companies, leading to European companies like AXA and Zurich pulling back from underwriting coal and oil sands projects. Trans Mountain has said it incurred higher costs last [Read more]
Headlines
Leading oil & gas investment firm embraces carbon capture & storage
PALO ALTO, Calif., and CALGARY, AB - JOG Capital, a private equity firm with a 14-year track record managing more than $1.3 billion in energy investments, today unveiled a corporate transition and rebranding to become Carbon Infrastructure Partners ("CIP"), defining a new focus and investment mandate going forward. CIP is among the first investment firms focused on solving the dual challenge of how to meet global energy demand for 7.7 billion people while rapidly reducing carbon emissions. [Read more]
Oil prices extend gains as bullish demand outlook outweighs India concerns
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil. U.S. West Texas Intermediate crude for June was at $65.27 a barrel, up $1.60, or 2.5%. Brent crude for June rose $1.77, or 2.63%, to $68.75 a barrel. Oil cartel OPEC, together with Russia and their allies, a group known as OPEC+, stuck to their plans for a gradual [Read more]
Column: A view inside California’s systemic energy insanity – power outages over hydrocarbons or even nuclear
Ever get hooked on a YouTube spiral, where you start off watching one thing purposefully and by choice, then get hooked by the sequence of algorithmic suggestions, the ones that cleverly blend your interests with whatever Google wants to shove down your throat? And then you realize that the sun has set and three hours have passed? The same thing happens to me when wandering in the weird world of energy. The business used to be somewhat straightforward and tethered to reality, but now it's [Read more]
H2Safety Services Inc. – Executive announcement
H2Safety Services Inc. is immensely proud to announce that, effective today, Greg Marshall is appointed to the position of President, H2Safety Services Inc. Greg will continue to report directly to James Harasen, CEO and former President of the company. This appointment will enable James to invest significant time on developing and growing H2Safety’s proprietary emergency management software business while continuing to provide strategic direction and oversight to the entire company. Greg [Read more]
Freehold for Lease, Nevis Field
North Star Freehold has the following freehold available for lease in the Nevis field. N/2 7-40-22W4, 605 acres in 19-40-22W4, 586 acres in 13-40-23W4, all rights below the base of the Belly River. Contact Wade Berry at wberry@bellnet.ca for more info [Read more]
Whitecap Resources Inc. exceeds guidance, achieves record production and generates significant free funds flow
CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three months ended March 31, 2021. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2021 which are available at www.sedar.com and on our [Read more]
AltaGas announces strong first quarter results and increases 2021 guidance
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported first quarter 2021 financial results and provided an update on the Company's operations and outlook. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EPS1 of $1.29 in Q1 2021 compared to $0.79 in Q1 2020, representing a 63% year-over-year increase. Normalized FFO1 per share of $2.08 in Q1 2021 compared to $1.51 in Q1 2020, representing a 38% [Read more]
EverGen announces milestone 20-year offtake agreement with FortisBC
VANCOUVER, BRITISH COLUMBIA - EverGen, Canada’s Renewable Natural Gas (RNG) Infrastructure Platform, announces that its wholly-owned subsidiary Net Zero Waste Abbotsford Inc. is entering into a 20-year offtake agreement with FortisBC Energy Inc. (Fortis BC). Under the agreement, FortisBC will purchase up to 173,000 gigajoules of RNG annually for injection into its natural gas system, upon completion of an anaerobic digester project at EverGen’s existing Net Zero Waste Abbotsford composting and [Read more]
Tamarack Valley Energy Ltd. announces receipt of shareholder written consent for acquisition of Anegada Oil Corp.
CALGARY - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares of Tamarack ("Tamarack Shares") approving the Company's previously announced acquisition of Anegada Oil Corp. ("Anegada"), a privately held pure play Charlie Lake light-oil producer (the "Acquisition"). As partial consideration for the Acquisition, Tamarack will issue 105,341,880 Tamarack [Read more]