Theresa Redburn has announced her intention to retire after 35 years of service Sherri Evers appointed Vice-President, Commercial and Corporate Development effective January 1, 2021 CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today Theresa Redburn, Senior Vice-President, Commercial and Corporate Development has announced her intention to retire on January 1, 2021 after 35 years of service. The company also announced Sherri Evers has been appointed as [Read more]
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Judge tosses application to pause Alberta inquiry into funding of oil and gas foes
CALGARY - An environmental law group has lost its bid to pause Alberta's inquiry into where critics of its oil and gas industry get their funding. Ecojustice sought an injunction in the summer to suspend the inquiry, headed by forensic accountant Steve Allan, until there is a decision on whether it's legal. The group filed a lawsuit last November alleging the inquiry is politically motivated, biased and outside provincial jurisdiction and those accusations have yet to be heard in [Read more]
Oil prices face uphill struggle in 2021 despite vaccine progress
Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed on Monday. The poll of 40 economists and analysts forecast Brent would average $49.35 a barrel next year, little changed from last month's $49.76 outlook. The benchmark has averaged about $42.50 per barrel so far in 2020. "The global oil demand outlook remains [Read more]
Volunteering Opportunity: Geoscience BC Oil & Gas Technical Advisory Committee
Geoscience BC is seeking volunteers to join our Oil & Gas Technical Advisory Committee (TAC), a group of experts that identifies, plans, develops, and reviews our independent, relevant, and public oil and gas related earth science research in British Columbia. Geoscience BC’s Minerals, Oil & Gas and Geothermal TACs are an essential part of our agile and innovative organization. They generate, solicit, review and recommend proposals for Board approval and their expertise is vital to [Read more]
AltaGas Ltd. closes aggregate $700 million medium term note offerings
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company" ) (TSX: ALA) today announced that it has completed its issue of $500 million of senior unsecured medium term notes (the "7.5 Year Notes") with a coupon rate of 2.075%, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes (the "10 Year Notes") with a coupon rate of 2.477%, maturing on November 30, 2030 (the "Offering"). The net proceeds resulting from the Offering will be used to pay down existing indebtedness [Read more]
Obsidian Energy announces winter 2020 drilling program start and progression of Bigoray egress capital project
CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) ("Obsidian Energy" or the "Company") today announced an update to its 2020 capital spending plan due to the re-initiation of our Cardium development program. Obsidian Energy will increase its 2020 capital program by $3.2 million to commence drilling activity on the first pad within our Central Alberta Willesden Green asset. "With the improvement in commodity prices, we are excited to return to drilling in our high-return [Read more]
Indigenous deal with KXL oil pipeline took years, aims to unlock long-term wealth
TC Energy Corp's sale of a C$1 billion ($769 million) stake in Keystone XL (KXL) to a Canadian indigenous group is the result of over three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline, rather than short-term payments for allowing it to be built through its lands. Natural Law Energy's (NLE) planned investment was billed by TC as the biggest-ever indigenous investment in an oil project, highlighting how some communities [Read more]
How a COVID-19 vaccine could affect oil and gas
As COVID-19 case numbers surge across the globe like a hot knife through butter, news of a potential vaccine has people clinging to hope that there is light at the end of the tunnel. The hope is the vaccine could all but end this pandemic that has claimed well over a million people. The deadly combination of the pandemic disrupting the planet and a supply glut generated this unprecedented crisis for the industry. For the oil and gas industry, which has been ravaged by the pandemic, the [Read more]
PetroFrontier Corp. announces filing of third quarter 2020 financial statements
CALGARY, AB - PetroFrontier Corp. ("PetroFrontier" or the "Corporation") (TSXV:PFC) announces that the Corporation's third quarter 2020 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR (www.sedar.com). About PetroFrontier Corp. PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta. PetroFrontier's head office is in Calgary, Alberta and its common shares [Read more]
Minnesota tribes file to halt pipeline approval due to virus
Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy's Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading. The Red Lake and White Earth Bands of Chippewa filed a motion late Wednesday asking the Minnesota Public Utilities Commission to stay its approval of the $2.6 billion project. They argue construction would put locals at increased risk of coronavirus [Read more]