CALGARY, Feb. 19, 2019 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is happy to announce that the Company intends to drill two new wells within the Bigoray EOR acreage in February and March 2019. Pulse's independent geotechnical modelling, as announced on January 30, 2019, has unexpectedly increased the initial amount of estimated discovered petroleum in place (DPIIP) (effective date of December 6, 2017) by 43.9%. The EOR modelling project is crucial for [Read more]
Headlines
Terry Etam book launch – redefining energy conversations, with your help
Over the years of energy writing I’ve received many kind and supportive emails (and astonishingly few of the opposite – a few who took offence when I made fun of the cannabis craze, and a few scattered and enthusiastically brainless attacks). Thank you for all who have sent all those emails my way (except the potheads and the idiots). A common theme I’ve heard is how to get useful energy messages out to a wider audience, how to cut through the clutter of energy disinformation. The general [Read more]
Katalyst Data Management Opens Subsurface Datacenter in Kuala Lumpur, Malaysia
E&P data management company expands footprint in Asia-Pacific region HOUSTON (February 19, 2019) Katalyst Data Management announced today that it is opening a subsurface data management center in Kuala Lumpur, Malaysia. The new location will be the company’s fifth operational datacenter worldwide, along with locations in Calgary, Houston, London and Perth. The Kuala Lumpur office will also serve as a research and development facility, in support of Katalyst’s primary R&D office in [Read more]
Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor
OTTAWA — Gerald Butts, Justin Trudeau's principal secretary and long-time friend, has resigned amid allegations that the Prime Minister's Office interfered to prevent a criminal prosecution of SNC-Lavalin. In a statement, Butts unequivocally denies the accusation that he or anyone else in the office improperly pressured former attorney general Jody Wilson-Raybould to help the Montreal engineering giant avoid a criminal case on corruption and bribery charges related to government contracts in [Read more]
Pipeline protest convoy approaches Ottawa after rolling across country
OTTAWA - Hundreds of trucks are expected to roll into Ottawa Tuesday to protest the federal government's policies on the oil industry. The main portion of the United We Roll Convoy set out from Red Deer, Alta., last Thursday and made stops in Regina, Dryden, Thunder Bay, and Sault Ste. Marie before mustering at Arnprior, Ont., just outside the capital. The rally is expected to occupy almost a kilometre of Wellington Street, in front of Parliament. Lead organizer Glen [Read more]
Sale of Connacher Oil & Gas to East River abandoned after Feb. 15 deadline passes
CALGARY - Connacher Oil and Gas Ltd. says it has abandoned a court-supervised sale of the company to East River Oil and Gas Ltd. after the buyer failed to make a required deposit payment by Feb. 15. The Calgary-based oilsands producer had negotiated a conditional deal for East River to pay $113.5 million to acquire Connacher, but East River was unable to obtain necessary regulatory approvals in China by the initial deadline. Connacher says that the deadlines for East River to complete the [Read more]
Cabinet expected to extend deadline to reconsider Trans Mountain pipeline
OTTAWA - Canada's energy regulator will tell the federal government this week whether it still thinks the Trans Mountain pipeline should be expanded, but cabinet's final say on the project's future is still several months away. The National Energy Board is reconsidering the project's impact on marine life, including highly endangered southern resident killer whales, after the Federal Court of Appeal ruled last year that the NEB's 2016 approval failed to properly take into account how the [Read more]
Judge keeps most Keystone XL pipeline work on hold
An Obama-appointed judge in Montana has largely kept in place an injunction that blocks TransCanada from performing preliminary work on the stalled Keystone XL oil pipeline. U.S. District Judge Brian Morris on Friday denied a request by the Calgary-based company to begin constructing worker camps for the 1,184-mile pipeline that would ship crude from Alberta to the Gulf Coast. However, Morris said TransCanada could perform some limited activities outside the pipeline's right-of-way. Those [Read more]
Conservative leaders to attend against Bill C-69 in Saskatchewan
MOOSOMIN, Sask. - Conservative leaders from across Canada rallied Saturday against Prime Minister Justin Trudeau and Bill C-69. The premiers of Saskatchewan and New Brunswick joined Conservative leader Andrew Scheer on a panel of speakers at the event held to draw attention to legislation that would overhaul how major energy projects are reviewed. Saskatchewan Premier Scott Moe called it "the no more pipelines bill." "We have a very thorough process that does work. What [Read more]
Connacher Oil and Gas Limited Announces Termination of CCAA Plan and Intention to Move Forward with Credit Bid Transaction
CALGARY, Feb. 16, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") previously announced that it had entered into a CCAA Acquisition and Plan Sponsorship Agreement with East River Oil and Gas Ltd. ("Plan Sponsor") dated August 2, 2018, as amended (the "Plan Sponsorship Agreement") and entered into a Purchase and Sale Agreement with the Plan Sponsor also dated August 2, 2018, as amended (the "Purchase Agreement", and, together with the Plan Sponsorship Agreement, the [Read more]