CHICAGO--(BUSINESS WIRE)--As 2016 begins, the energy industry remains uncertain of when the sector will turn around—and companies are taking steps to streamline operations until prices begin to recover. With 85 percent of U.S. oil and gas chief financial officers (CFOs) predicting low oil and gas prices to be their greatest financial challenge in 2016, many energy companies are looking to tighten their belts by selling off assets. According to BDO USA LLP's annual Energy Outlook Survey, 75 [Read more]
Headlines
Suncor Energy offer to acquire Canadian Oil Sands Limited set to expire on Fri. January 8, 2016
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Suncor Energy today urged shareholders of Canadian Oil Sands Limited ("COS") to tender their shares to Suncor's offer before it expires at 6:00 p.m. MT (8:00 p.m. ET) on Fri. January 8, 2016 and recommended that shareholders get instructions to brokers immediately to ensure that they are processed in time as certain brokers and intermediaries will have tender deadlines on Tuesday or Wednesday of this week. As announced on October 5, 2015, [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Acquisition
CALGARY, AB--(Marketwired - January 04, 2016) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that it has closed an acquisition agreement with a Vendor (the "Vendor") and acquired 100% working interests in three deep cut gas processing/natural gas liquids extraction facilities with total aggregate capacity of 142 Mmcf/day of gas processing/NGL extraction capability, plus a 100% working interest in approximately 250km of [Read more]
Artisan Energy Announces Management and Director Change
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC), announces that effective immediately, Mr. Rick Ironside has resigned as President and CEO, and from the Board of Directors of the Corporation, in order to pursue other opportunities. On behalf of the Board of Directors, we wish Mr. Ironside success with his new endeavours. Artisan is pleased to announce that Mr. Rick Young has been appointed as Interim President [Read more]
Canadian Oil Sands Issues Declaration of Independence
The alternative to Suncor's bid is compelling and clear: Independence CALGARY, Jan. 4, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") issued the following declaration that shareholders' interests are best served by remaining independent as a unique, highly valuable company when Suncor Energy Inc.'s ("Suncor") hostile bid expires on January 8, 2016: Dear Fellow Shareholders, Acting together in the short term means we can remain independent [Read more]
Milder Winter, Low Natural Gas Price Mean Winter Heating Savings for Consumers Energy Customers
JACKSON, Mich., Jan. 4, 2016 /PRNewswire/ -- A relatively mild winter and the lowest natural gas price in nearly 15 years are working together to reduce this winter's heating bills for homes and businesses that Consumers Energy serves. The energy provider announced today that the average household could pay $200 less for natural gas this winter compared to a year ago. "Michigan homes and businesses should continue to enjoy savings on their heating bills this winter," said Tim Sparks, Consumers [Read more]
‘Entering a world that is going to be constrained:’ Alberta environment minister
EDMONTON - Climate isn't all that's changing in Alberta.The province's NDP government has arguably made bigger moves on global warming in six months than the previous Conservatives made in a generation. And the changes aren't going to stop.The details of the government's new climate change policy — carbon-price rebates and green infrastructure investments, for starters — will be at least partly thrashed out in the coming months as the government readies its spring budget. But that, says [Read more]
Over 600,000 users visited the BOE Report in 2015
During the industry's toughest year in a decade, people from across Canada and the United States could not consume enough timely information on the state of the business. The BOE Report became a go-to site for oil and gas news, activity and information in 2016. By year-end, over 600,000 users visited BOEReport.com and viewed over 3.7 million pages. The site's traffic spiked in May during the Alberta provincial election as several articles were shared heavily through social media. The [Read more]
Questfire Energy Corp. Provides Operations Update and Announces Amendments to Its Credit Facilities
CALGARY, ALBERTA--(Marketwired - Dec. 31, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) provides an operations update and announces amendments to its credit facilities. Low Decline Production, Reduced Operating Costs Questfire is pleased to announce that production curtailments due to Nova Gas Transmission (NGTL) restrictions at the Corporation's core Open Lake property in West Central Alberta have recently been lifted. Questfire's [Read more]
Quattro Closes SRD Innovations Inc. Purchase
CALGARY, Alberta, Dec. 31, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSXV:QXP) ("Quattro" or the "Company") is pleased to announce that it has closed its previously announced purchase of all the shares of SRD Innovations Inc. (“SRD”), an Alberta-based wireless technology company focused on the collection of real-time seismic imaging for exploration, reservoir engineering and micro-seismic monitoring and the analysis of hydraulic fracking, including all contracts, [Read more]