CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2021 capital program and updated five year plan. “Our priorities over the next five years are to maximize free funds flow generation and strengthen our balance sheet. We believe this strategy will provide us with the most optionality to maximize long-term shareholder returns and take advantage of future opportunities. In furtherance of these [Read more]
Headlines
Biden to revoke Keystone XL pipeline permit after swearing-in-aides
U.S. President-elect Joe Biden on Wednesday will revoke the presidential permit needed to build the Keystone XL oil pipeline, one of 15 executive actions he will undertake after being sworn into office, aides said, dashing Ottawa's hopes of a last-minute change of heart. Biden will sign executive orders and memorandums to address the "crises" of the pandemic, climate change and racial inequity, said incoming press secretary Jen Psaki. Keystone XL, owned by TC Energy Corp, is already under [Read more]
TC Energy disappointed with expected executive action revoking Keystone XL presidential permit
CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) announced it is disappointed with the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline. The decision would overturn an unprecedented, comprehensive regulatory process that lasted more than a decade and repeatedly concluded the pipeline would transport much-needed energy in an environmentally responsible way while enhancing North American energy security. The action would [Read more]
Equinor divests stake in Canada oil sands producer Athabasca
Norway's Equinor said on Wednesday it has sold its stake in Athabasca Oil, a Canadian firm producing carbon-intensive oil sands. Majority state-owned Equinor sold 100 million shares, representing an 18.8% stake in Athabasca for a total of 18 million Canadian dollars ($14.2 million). Equinor, formerly called Statoil, received the shares in 2017 as part of a deal to sell its Kai Kos Dehseh oil sands project in the Canadian province of Alberta. "This was just a financial holding that was [Read more]
XI Technologies: Open Asset Evaluation for January 2021
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [Read more]
Bonterra Energy Corp. continues to recommend shareholders reject the hostile bid by taking no action
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") and its Board of Directors reiterates its recommendation that shareholders reject Obsidian Energy Ltd.'s ("Obsidian") conditional unsolicited bid to acquire all of the issued and outstanding common shares of Bonterra in exchange for shares of Obsidian (the "Hostile Bid") and continues to strongly recommend that Bonterra shareholders take no action and REJECT the Hostile Bid by NOT TENDERING [Read more]
India’s oil imports at near 3-yr high in December
India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally. December oil imports by India, the world's third biggest crude importer [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jan. 18 Journeyman Pipefitter Strike Group Edmonton Jan. 18 Apprentice Pipefitter Strike Group Projects Jan. 18 Labourer Strike Group Projects Jan. [Read more]
Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL pipeline
WASHINGTON - Prime Minister Justin Trudeau says Canada will continue to fight to convince president-elect Joe Biden's administration of the merits of the Keystone XL pipeline expansion. Trudeau says Kirsten Hillman, Canada's envoy to the U.S., is pressing Ottawa's case with what he calls the "highest levels" of the Biden team. Biden promised during last year's election campaign that he would rescind President Donald Trump's approvals for the US$8-billion cross-border [Read more]
Alberta urges Trudeau to press Biden, save Keystone XL pipeline
Alberta Premier Jason Kenney urged Prime Minister Justin Trudeau on Monday to mount a last-ditch effort to save an $8 billion pipeline and threatened to seek damages if U.S. President-elect Joe Biden cancels Keystone XL. Shares in Keystone XL (KXL) owner TC Energy fell after reports Biden will cancel a permit for the long-delayed pipeline over concerns about fossil fuels contributing to climate change, which would be a blow to the Canadian energy sector. Kenney urged Trudeau to reach out [Read more]