Wabash Oil & Gas Ltd. is offering for sale its 90% interest in 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 West Half of Section 33-29-4 W5M comprising gross 128 hectares (320 acres). For the period January 2014 through December 2019, the mineral interests have yielded lessor royalties of $15,540 from one producing well. There is [Read more]
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Pieridae engages EPCC contractor Bechtel
Bechtel Brings a High Level of LNG Experience & Expertise CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce that it has signed a services agreement with respected global engineering firm Bechtel related to Pieridae’s 2-Train Goldboro LNG Facility. Some of the key deliverables in the services agreement are: Initiating a detailed review of the scope and design of the Goldboro LNG Facility and developing a comprehensive engineering, [Read more]
Oil falls as demand worries counter U.S. stimulus hopes
Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package. More than 1 million people have died of COVID-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries. U.S. West Texas Intermediate (WTI) crude futures dropped 80 cents, or 2%, to $39.71. The more-active Brent crude futures for December fell 79 cents, or 1.86%, [Read more]
Bird River Resources announces AGM results
WINNIPEG, MB - Bird River Resources Inc. (CSE:BDR) ("BDR" or the "Corporation") reports that, the 2019 Annual and Special Meeting of shareholders was held September 25, 2020 and that all matters set forth in the management information circular were approved by the shareholders including the sale of the Corporation's Alberta subsidiary High Point Oil Inc. At the meeting Jon Bridgman (CEO), Ed Thompson (CFO & Secretary Treasurer), Donal Carroll, David Walters and Martin Dallaire were elected [Read more]
Cequence Energy announces conclusion of CCAA proceedings
CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces that it has implemented the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) which was sanctioned on September 17, 2020 by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. The previous common shares of the Company have been cancelled, and the issuance of new common shares of Cequence [Read more]
Inter Pipeline to acquire Milk River Pipeline System in exchange for Empress II and V straddle plants
CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it has agreed to acquire the Milk River pipeline system from Plains Midstream Canada ULC ("Plains"), a wholly owned subsidiary of Plains All American Pipeline, L.P., in exchange for its 100 percent ownership interest in the Empress II and 50 percent ownership interest in the Empress V straddle plants. Plains will also pay Inter Pipeline cash proceeds of $35 million. Closing of this transaction is expected to [Read more]
Fuelled places No. 5 on The Globe and Mail’s second-annual ranking of Canada’s top growing companies
CALGARY, Alberta -- Fuelled is pleased to announce it has placed No. 5 on the Globe and Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies; it is also the top Alberta company on this year’s ranking. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Fuelled earned its spot with three-year growth of 6,661%. Fuelled is the exclusive online reseller of new and used idle energy equipment. The company’s platform allows vetted and trusted [Read more]
Two 25mmscfd+ SOUR gas plants for sale
Reef Oilfield Inventory Ltd. (ROI, est. 2017) offers value-added surplus oilfield production equipment. From “As Is,” “Retrofitted/Repaired,” “Delivered” to “Engineered Surplus Solutions,” we are eager to announce the listing of two shut-in/preserved gas plants ready for your next application. Click the links for pictures and detailed information. To engage with us, request drawings, or inquire about other equipment, please use our contact information below. PLANT #1 – 25mmscfd Dual Amine & [Read more]
Are Canada’s Green policies overfunded and unproductive?- Following the science not the politics with Greg McLean MP
Canadians and particularly Albertans received the Throne Speech this week with great expectations of problematic issues. Since June, as OECD countries were being urged that for “the economic recovery from the COVID-19 crisis to be durable and resilient, a return to ‘business as usual’ and environmentally destructive investment patterns and activities must be avoided”, Albertans have become increasingly wary of ideological approaches to remaking the economy that are not realistic and have little [Read more]
Oil edges lower as rising virus cases cloud demand recovery outlook
Oil prices dipped again on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with crude on track for its first monthly fall in many months after slipping last week. U.S. West Texas Intermediate was at $40.01 a barrel, down 13 cents or 0.3%, following a 2.1% decline last week. Brent crude edged down 8 cents, or 0.2%, to $41.84 a barrel by 0003 GMT after dropping 2.9% last week. Brent is on track to fall for the first month in six while WTI is headed [Read more]