It’s showtime, everybody. Anyone that’s spent much time observing the ever-more bonkers climate dialogues has suspected a day of reckoning would come when the irresistible force/fear of climate change meets the immovable object of people trying to live their lives. It looks like we’re here; get ready to watch the fireworks. For the past several years, climate activists have become ever more emboldened because no one has made any effort to slow their progress. In fact, the opposite has [Read more]
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Quorum Software presents the 2020 CAPL/CAPLA Spring Networking event featuring speaker hockey legend Lanny McDonald! Register today
CAPL/CAPLA Spring Networking Presented by Quorum Thursday, March 5, 2020 Time: 16:30 – 21:00 Location: The Metropolitan on Stephen Ave, 317 7th Ave SW Join us for the CAPL/CAPLA Spring Networking event and hear from local hockey legend, Lanny McDonald. Tickets: $50 members/ $100 non-members *include 2 drink tickets and food Space is limited, register today: https://landman.ca/event/2152 Schedule: 4:30 – 5:30 pm Registration & Networking 5:30 – 6:00 pm [Read more]
Australia’s Woodside flags $483 mln charge on Kitimat assets in Canada
Australia's Woodside Petroleum said on Tuesday it will record a A$720 million ($483.41 million) charge in its fiscal 2019 results in relation to Kitimat liquefied natural gas assets in Canada. Woodside said in September it would scale down its investment in the Canadian project to reduce capital expenditure. Woodside owns 50% of the Kitimat project, that is operated by Chevron (CVX.N). The U.S. oil and gas major reported a large fourth-quarter loss last month as it took around $10 billion [Read more]
International Petroleum Corporation 2019 Year-End Financial Results and 2020 Budget, Production and Resource Guidance
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2019.(1) IPC is also pleased to announce its 2020 capital expenditure budget of USD 149 million and its 2020 production guidance of between 46,000 and 50,000 barrels of oil equivalent (boe) per day (boepd).(2) 2019 year-end proved plus probable (2P) reserves and [Read more]
Heavy discount narrows as rail restrictions seen as limited
Canadian heavy crude's discount versus U.S. benchmark West Texas Intermediate (WTI) crude narrowed on Monday, as traders said the impact of new rail restrictions was likely to be limited. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, settled at $16.75 per barrel below WTI, according to NE2 Canada Inc, slightly narrower than Friday's settle of $18.05 under. Canada said last week it would impose temporary speed limits on trains hauling dangerous goods [Read more]
Baker Hughes Announces January 2020 Rig Counts
HOUSTON & LONDON - Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for January 2020 was 1,078, down 26 from the 1,104 counted in December 2019, and up 54 from the 1,024 counted in January 2019. The international offshore rig count for January 2020 was 245, down 12 from the 257 counted in December 2019, and up 3 from the 242 counted in January 2019. The average U.S. rig count for January 2020 was 791, down 13 from the 804 counted in December 2019, and [Read more]
Brookfield a potential suitor for Trans Mountain, analyst says
Brookfield Infrastructure Partners LP could be a potential buyer of the Canadian government-owned Trans Mountain oil pipeline, a Stifel FirstEnergy analyst said, as the project expansion struggles with increasing costs arising from regulatory delays. In 2018, Ottawa bought the 67-year-old pipeline for C$4.5 billion to ensure expansion proceeded, but has faced opposition by environmental and some indigenous groups. Brookfield could be a potential "dark horse", as it recently completed a $20 [Read more]
PrairieSky Announces 2019 Fourth Quarter and Year End Results
CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its fourth quarter ("Q4 2019") and 2019 year-end operating and financial results for the period ended December 31, 2019. In addition, PrairieSky’s Board of Directors has confirmed the annual dividend of $0.78 per share for the upcoming year. PRESIDENT’S MESSAGE Fourth Quarter 2019 Highlights: Funds from Operations totaled $55.8 million ($0.24 per common share basic and diluted). [Read more]
Canadian aboriginal group: Ottawa may have to delay decision on Teck oilsands mine
Canada may have to delay a decision on whether to approve a massive new oilsands mine because some indigenous people have not been consulted adequately, an influential aboriginal band is suggesting. Prime Minister Justin Trudeau's government must rule by end-February whether Teck Resources Ltd can build its C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta, a project that is opposed by environmentalists and some legislators in the ruling Liberal party. Ottawa has consulted [Read more]
Police arrest 33 protesters opposing gas pipe, Vancouver port closure ends
Police have arrested 33 people on Monday, ending the closure of Vancouver ports in British Columbia province by indigenous protesters opposing the construction of Coastal GasLink pipeline. The arrests resulted from an injunction granted by a British Columbia court on Sunday to restore access to ports in the city. Port Metro Vancouver is one of Canada's biggest ports and police say protesters received several requests and warnings to clear the area prior to the arrests. The C$6.6 billion [Read more]