TSX: BXE CALGARY, March 14, 2019 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix", "we", "us", "our" or the "Company") (TSX: BXE) announces its financial and operating results for the fourth quarter and year ended December 31, 2018. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the [Read more]
Headlines
LNG Canada expansion to be decided by 2025
Royal Dutch Shell and its partners building a massive liquefied natural gas (LNG) export terminal in Western Canada will decide by 2025 whether to double its capacity, the head of the project said.The $31 billion LNG Canada project last October became the first major project in five years to be approved, with first exports of the super-chilled fuel planned for 2025. The second phase of the project will include two new processing lines known as trains that will double the plant's [Read more]
Mounting orphan B.C. oil, gas wells pose environmental, financial risks: auditor
VICTORIA - British Columbia's auditor general says there are almost 7,500 inactive oil and gas wells in the province that have not been properly decommissioned. Carol Bellringer says in a report that contamination from oil and gas activity can affect human health, ecosystems, water and air quality and timely restoration of non-operating well sites reduces environmental risk and financial liability. Bellringer's audit says the province's energy regulator the BC Oil and Gas Commission lacked [Read more]
Governments provide $90 million for Canadian Natural clean tech projects
CALGARY - The federal and Alberta governments are pledging almost $90 million to fund clean technology developments at major oilsands producer Canadian Natural Resources Ltd. The commitments are expected to result in a total investment of $415 million in three projects. More than half of the federal commitment of $72.3 million, about $45 million, will go to Titanium Corp., a company working with Canadian Natural on a technology to recover valuable minerals and residual bitumen [Read more]
Canada ‘falling behind’ other nations because of Arctic moratorium: CAPP
CALGARY - An oil and gas industry representative says Canada is "falling behind" the U.S. and other nations in developing its rich Arctic natural resources because of a five-year moratorium on offshore drilling in the North put in place in 2016. But Northern Affairs minister Dominic LeBlanc defends the ban as a necessary device to ensure the resource is developed in a way that is environmentally sensitive, allows Indigenous input and is based on science. The debate touched off in [Read more]
Tidewater Midstream and Infrastructure Ltd. announces fourth quarter 2018 results and operational update and earnings call
CALGARY, March 14, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its annual consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2018. FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL PERFORMANCE Despite a challenging industry environment, 2018 was a record year for Tidewater both operationally and financially as volumes and [Read more]
Petrus Resources Announces Year End 2018 Financial, Operating & Reserves Results; Significant Increase in Liquids Weighting and Net Debt Reduction
CALGARY, Alberta, March 14, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2018 and to provide 2018 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements dated as at and for the year ended December 31, 2018 [Read more]
Sproule and GTI announce a partnership to combine forces to develop a monthly western Canadian NGL report
Sproule and GTI today announced a strategic partnership to deliver a jointly developed Canadian natural gas liquids (NGL) report to industry. The report provides an in-depth understanding of the economics of producing natural gas and NGLs. This monthly report leverages the expertise of GTI and Sproule principals to provide insight and analysis on the profitability of natural gas and NGL production at western Canadian gas plants. Included in the report are supply and price forecasts for gas and [Read more]
Delphi Energy Corp. Reports 2018 Year End Results
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the year ended December 31, 2018. 2018 HIGHLIGHTS Successfully executed a twelve (7.80 net) well drilling program and various infrastructure projects to support future growth; Completed construction and commissioned the amine processing facility which has reduced natural gas processing costs and diversified Delphi’s [Read more]
Pine Cliff Energy Ltd. Announces Annual 2018 Results, Filing of 2018 Disclosure Documents and Operations Update on Pekisko Oil Well
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce its year-end financial and operating results, the filing of its 2018 disclosure documents and an operations update on the oil well drilled in Q4 2018. Included in the filings were Pine Cliff's annual information form (“AIF”), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument [Read more]