Toronto-Dominion Bank on Monday said it will not provide project-specific financial services for oil and gas-related activities in the Arctic Circle as part of its plan to get to net-zero emissions by 2050, joining a host of global lenders in taking similar action. The Arctic Circle "is warming significantly faster than the rest of our planet, which poses the risk of increased green-house gas releases and further warming," Canada's second-largest bank said in a statement. The bank's move [Read more]
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Please help us build the voice of industrial gas consumers in Canada
Natural Gas World together with our partners in Canadian Gas Dialogues, would like to invite you to participate in a survey to receive the viewpoints of industrial gas consumers. Your input is extremely important to order to facilitate efforts to bring forward your sector’s specific needs and concerns. The survey's final report will bring these insights together in order to allow further discussion and action. Click below to take part in the survey. It will take less than 10 minutes to [Read more]
Oil jumps on vaccine hopes and OPEC+ supply signals
Oil jumped by almost 9% on Monday for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine candidate and Saudi Arabia said an OPEC+ oil output deal could be adjusted to balance the market. U.S. West Texas Intermediate crude was up $3.20, or 8.1%, at $40.42. Brent crude was up $2.86, or 7.26%, to $42.82 a barrel. Both contracts rose more than $4 earlier in the session. “Asset prices move faster than the real economy, and oil and [Read more]
Enercapita Energy Ltd.: Non-Core Central Alberta Natural Gas Property Divestiture
Enercapita Energy Ltd. (“Enercapita” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain oil and natural gas assets located in the Vegreville area, specifically in the Bruce, Viking and Willingdon areas of central Alberta (the “Properties”). The Properties consist of both operated and non-operated interests. The Company’s intent is to divest all of its interests in the Properties. Average daily production net to Enercapita from the Properties in October [Read more]
Headwater Exploration signs $100M deal to buy Cenovus’s Marten Hills assets
CALGARY - Headwater Exploration Inc. has signed a deal with Cenovus Energy Inc. to buy Cenovus's assets in the Marten Hills area of northern Alberta for approximately $100 million in cash and stock. Under the deal, Headwater says it will acquire 2,800 barrels per day of medium oil production and 270 net sections of rights in the Clearwater formation. The company has agreed to pay $35 million in cash and issue 50 million common shares of Headwater and 15 million purchase warrants [Read more]
CAPL and Pandell Present: Wrangling the Double Black Swan with Ken Larson
Join the Canadian Association of Petroleum Landmen and Executive Coach, Ken Larson at the Calgary Petroleum Club (or via livestream) on Thursday, November 12, 2020 for some uplifting morning motivation to give us the skills to more easily deal with the tumultuous events hitting our industry, our personal lives and our community. Guaranteed to get your energy going, provide clarity and cultivate resiliency to allow you and your Team to tame the Double Black Swan. Doors: [Read more]
Seven Generations Energy releases third quarter 2020 results and 2021 guidance
Execution drives increase to midpoint of 2020 production guidance, 2021 budget targets stable production and free cash flow CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and on-budget, while mitigating the impact to production volumes. Third quarter sales volumes were 168.9 Mboe/d (43% natural gas, 34% [Read more]
Crew Energy Inc. announces third quarter 2020 financial and operating results
CALGARY, AB, Nov. 9, 2020 - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") today announces our operating and financial results for the three and nine month periods ended September 30, 2020. Crew's Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and nine month periods ended September 30, 2020 are available on Crew's website and filed on SEDAR at www.sedar.com. Q3 2020 HIGHLIGHTS Production Guidance Increased: Q3 production [Read more]
Headwater Exploration Inc. announces transformational transaction with Cenovus Energy Inc. and third quarter operating and financial results
CALGARY, AB, Nov. 9, 2020 /CNW/ - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) announces it has entered into a definitive agreement with Cenovus Energy Inc. ("Cenovus") for a transformational transaction (the "Transaction") to acquire 100% of Cenovus' assets in the Marten Hills area of Alberta for approximately $100 million. Pursuant to the Transaction, Headwater will acquire a 100% working interest in approximately 2,800 barrels per day of medium oil production and 270 [Read more]
Vermilion Energy Inc. announces results for the three and nine months ended September 30, 2020 and the release of its 2020 corporate sustainability report
CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2020 and the release of its 2020 Corporate Sustainability Report. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2020 will be available on the System for Electronic Document Analysis and [Read more]