CALGARY - Hundreds of protesters chanting "Build that pipe now" jammed a downtown Calgary street for the second time in five days on Tuesday, this time to mark a speech by federal Finance Minister Bill Morneau. Organizer James Robson with the Canada Action Coalition says his group — which picketed a speech by Prime Minister Justin Trudeau last Thursday — plans to show up every time a federal cabinet minister does because it's important Canadians see the "pain" caused by low oil prices [Read more]
Headlines
TransCanada asks Montana court to allow preliminary work on Keystone XL
TransCanada Corp has asked a Montana court to allow it to resume pre-construction activities on its Keystone XL oil pipeline after a U.S. judge blocked construction on the $8 billion project earlier this month.The Calgary, Alberta-based company has temporarily halted all pre-construction work in the United States on the pipeline project as a result of the ruling, TransCanada spokesman Terry Cunha said on Tuesday. He added that the company does not expect to start full construction on the [Read more]
Precision Drilling Terminates Arrangement Agreement With Trinidad Drilling Requiring Payment of Termination Fee Following Ensign Take-Up
CALGARY, Alberta, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) today announced that it has terminated the arrangement agreement (the “Arrangement Agreement”) dated October 5, 2018 with Trinidad Drilling Ltd. (“Trinidad”) following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment [Read more]
Ensign acquires majority of Trinidad shares to take control of drilling company
CALGARY - Ensign Energy Services Inc. says it will take control of Trinidad Drilling Ltd. after acquiring a majority of the company's shares by its Tuesday deadline. The Calgary-based drilling company says 56.38 per cent of Trinidad shares have been tendered. The 154.1 million shares are in addition to the 26.9 million it also owns, raising its stake in Trinidad to 66.18 per cent. Each Trinidad shareholder will receive by Thursday $1.68 per share for a total of about $470 [Read more]
OSY Rentals November 2018 Inventory
November 2018 Inventory 167 BBL 50 PSI FKOD 167 BBL 50 PSI Knockout Built by Floskid 8” Inlet 10” Outlet Fully internally coated Enclosed/Heated Site Glass Still Column 50 BBL 50 PSI Bilton FKOD 50 PSI MAWP 72”x10’-50 BBL Capacity 6” Inlet/Outlet Fully internally coated Enclosed/Heated/Skidded Site Glass 50 BBL 50 PSI FKOD 50 PSI MAWP Built by Pyramid 72”x10’-50 BBL Capacity 6” Inlet/Outlet [Read more]
CAPPA: Calling Seminar Facilitators
Calling Seminar Facilitators Do you have a high level of expertise in measurement, land, land admin, joint venture, marketing, engineering, field services, finance or specialized production accounting functions that would be of interest to PAs? Seminar Request for Proposals [Read more]
Bellatrix Announces $9.5 Million Complementary Asset Acquisition and Updated Commodity Risk Management Contracts
CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has entered into a definitive agreement to acquire complementary assets within its core Ferrier area of west central Alberta from POSCO Daewoo E&P Canada Corporation (“Daewoo”) for total consideration of approximately $9.5 million. Bellatrix also announces updated commodity risk management contracts. Transaction Highlights The acquisition includes [Read more]
Connacher Announces Q3 2018 Results
CALGARY, Nov. 26, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2018 ("Q3 2018") (all amounts are in Canadian dollars unless otherwise noted). Q3 2018 Highlights Financial Q3 2018 and YTD 2018 revenue, net of royalties, totaled $58.8 million (Q3 2017 - $55.9 million) and $146.8 million (YTD 2017 - $156.7 million), respectively. For Q3 2018, revenue net of [Read more]
B.C. chief tells NEB pipeline hearings his people are responsible for their land
VICTORIA - First Nations leaders from British Columbia told a National Energy Board hearing in Victoria that there are serious concerns about the potential impacts of an expanded Trans Mountain pipeline on their homelands. Two leaders representing the Fraser Valley's Sto:lo Tribal Council say protection of the Fraser River's salmon, animals and surrounding lands is their eternal responsibility and the pipeline poses risks that could harm their homes and culture. But Chief Tyrone McNeil and [Read more]
Blackbird Energy Inc. Announces the Filing of Management Information Circular Seeking Shareholder Approval for Strategic Combination With Pipestone Oil Corp.
CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce the filing of its notice of meeting and management information circular (the "Circular") and related proxy materials for the special shareholders' meeting (the "Meeting") to be held on December 19, 2018 in connection with the previously announced strategic combination of Blackbird and Pipestone Oil Corp. ("Pipestone Oil") (the "Transaction"). The Circular [Read more]