Agreement to Supply Clean, Low Emissions Natural Gas to Recently Financed, State-of-the-Art CPV Three Rivers Energy Center in Grundy County, Illinois CALGARY, AB - Advantage Oil & Gas Ltd. (Advantage) and Competitive Power Ventures (CPV) announce today that the companies have agreed to a long-term gas supply agreement for the recently financed CPV Three Rivers Energy Center (CPV Three Rivers) in Grundy County, Illinois. Advantage will supply 25,000 MMbtu per day of clean, low emissions [Read more]
Headlines
TC Energy and Natural Law Energy sign historic MOU facilitating one of the largest Indigenous equity investments of its kind in North American infrastructure
Investments to include Keystone XL and other future TC Energy projects CALGARY, Alberta - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a Memorandum of Understanding (MOU) for NLE to pursue an equity interest in the Keystone XL Project and other potential related midstream and power projects. This MOU exemplifies the strong commitment TC Energy and NLE have made to create a meaningful and significant long-term [Read more]
How a Biden presidency would transform the U.S. energy landscape
Should Joe Biden win November's U.S. presidential election, there could be a number of changes in energy policy. Here are the issues at stake: INTERNATIONAL OIL SUPPLIES President Donald Trump's unilateral sanctions on OPEC members Iran and Venezuela have together taken around 3 million barrels per day of crude oil off international markets, a little more than 3% of world supply. That has fit neatly into Trump's 'Energy Dominance' policy of maximizing U.S. energy production while [Read more]
Devon-WPX deal offers a playbook for future shale consolidation
The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy 's $2.56 billion all-stock, low premium deal for rival WPX Energy brings together two companies with assets in a few oil-producing basins and relatively low debt levels. Investors supported the idea with a rally in shares. WPX closed up 16.4% on Monday and Devon gained 11%, buoyed by the prospect of a combined [Read more]
Trump says he will approve permit for Canada to Alaska railway to free landlocked oil
President Donald Trump wrote on Twitter over the weekend he would issue a permit for a railway project from Canada's oil sands to ports in Alaska, a project that has many regulatory hurdles but could help spur shipments of the landlocked crude to foreign markets and U.S. refiners. "It is my honor to inform you that I will be issuing a Presidential Permit for the A2A Cross-Border rail," Trump wrote on Twitter. He said his decision was based on the recommendation of fellow Republicans Dan [Read more]
Alberta mineral title for sale
Wabash Oil & Gas Ltd. is offering for sale its 90% interest in two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise all mines and minerals except coal within, upon or under the West Half of Section 33-29-4 W5M comprising gross 128 hectares (320 acres). For the period January 2014 through December 2019, the mineral interests have yielded lessor royalties of $15,540 from one producing well. There is [Read more]
Pieridae engages EPCC contractor Bechtel
Bechtel Brings a High Level of LNG Experience & Expertise CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce that it has signed a services agreement with respected global engineering firm Bechtel related to Pieridae’s 2-Train Goldboro LNG Facility. Some of the key deliverables in the services agreement are: Initiating a detailed review of the scope and design of the Goldboro LNG Facility and developing a comprehensive engineering, [Read more]
Oil falls as demand worries counter U.S. stimulus hopes
Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package. More than 1 million people have died of COVID-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries. U.S. West Texas Intermediate (WTI) crude futures dropped 80 cents, or 2%, to $39.71. The more-active Brent crude futures for December fell 79 cents, or 1.86%, [Read more]
Bird River Resources announces AGM results
WINNIPEG, MB - Bird River Resources Inc. (CSE:BDR) ("BDR" or the "Corporation") reports that, the 2019 Annual and Special Meeting of shareholders was held September 25, 2020 and that all matters set forth in the management information circular were approved by the shareholders including the sale of the Corporation's Alberta subsidiary High Point Oil Inc. At the meeting Jon Bridgman (CEO), Ed Thompson (CFO & Secretary Treasurer), Donal Carroll, David Walters and Martin Dallaire were elected [Read more]
Cequence Energy announces conclusion of CCAA proceedings
CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces that it has implemented the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) which was sanctioned on September 17, 2020 by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. The previous common shares of the Company have been cancelled, and the issuance of new common shares of Cequence [Read more]