TC Energy Corp estimates the Keystone oil pipeline can be partially restarted anytime from Sunday to Tuesday, pending regulatory approval, after a more than 9,000-barrel leak in rural North Dakota, shippers on the line said on Thursday. Crews in Walsh County, North Dakota, have been working to clean up the spill from the Keystone pipeline, which forced the line to be shut last week. The 590,000-barrel-per-day Keystone system is an important artery for Canadian heavy crude, imported by U.S. [Read more]
Headlines
Encana reveals Denver will be its new headquarters after leaving Calgary
CALGARY - Encana Corp. says its new head office will be in Denver following a reorganization that will include changing its name to Ovintiv. The Calgary-based company didn't say which city would be its home base when it announced last week it would establish a "corporate domicile" in the United States to replace its longstanding home in Calgary. The Denver decision, revealed in a corporate filing on Thursday, was expected because CEO Doug Suttles, a Texan, lives in Denver and it is the [Read more]
Oil rebounds on hopes for U.S.-China trade deal
Oil rose above $57 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand. West Texas Intermediate crude climbed $1.04 to $57.39. Brent crude rose 80 cents to $62.56 after settling down $1.22 on Wednesday. China and the United States have agreed in the past two weeks to cancel tariffs in different phases, the Chinese commerce ministry said on Thursday [Read more]
InPlay Oil Corp. Announces Third Quarter 2019 Financial and Operating Results
CALGARY, Alberta, Nov. 07, 2019 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2019 will be available at “www.sedar.com” and our website at [Read more]
Canadian Natural Resources Limited Announces 2019 Third Quarter Results
CALGARY, Alberta , Nov. 07, 2019 (GLOBE NEWSWIRE) -- Commenting on the Company's third quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "Canadian Natural's third quarter results are an excellent example of how the Company's effective and efficient operations can drive value creation for our shareholders as a result of execution excellence and economies of scale. We achieved record quarterly adjusted funds flow of approximately $2.9 billion as operating costs [Read more]
International Petroleum Corporation Announces Approval for Share Repurchase Program
TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) -- International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it will commence the previously announced share repurchase program, following receipt of approval from the Toronto Stock Exchange (the “TSX”) of IPC's notice of intention to make a normal course issuer bid. Pursuant to the share repurchase program, IPC is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm [Read more]
Pengrowth Recorded Positive Adjusted Funds Flow in the Third Quarter of 2019 of $10.7 million Despite Lower Commodity Prices and Restructuring Costs
CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the "Company") (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and nine months ended September 30, 2019. Unless otherwise indicated, financial figures are expressed in Canadian dollars. "Negotiations with our lenders on an amendment and extension of our notes and credit facility as discussed in our September 30th press release broke down in October," said Pete Sametz, President and [Read more]
Granite Oil Corp. Reports Third Quarter 2019 Financial and Operating Results
CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 (000’s, except per share amounts) ($) ($) ($) ($) FINANCIAL Oil and natural [Read more]
Delphi Energy Corp. Reports Third Quarter 2019 Results
CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2019. THIRD QUARTER 2019 HIGHLIGHTS Average production in the quarter of 8,386 barrels of oil equivalent per day (“boe/d”) was down twelve percent from the 9,514 boe/d in the comparative quarter of 2018. During the third quarter of 2019, the liquids yield averaged 117 barrels per million cubic [Read more]
Suncor Energy announces Lorraine Mitchelmore to join Board of Directors
CALGARY, Alberta , Nov. 06, 2019 (GLOBE NEWSWIRE) -- Suncor today announced the appointment of Lorraine Mitchelmore to the company’s board of directors. Ms. Mitchelmore’s appointment is effective Nov. 6, 2019. “I’m delighted that Lorraine is joining Suncor’s board of directors,” said Suncor board chair, Michael Wilson. “Lorraine brings over 30 years of international oil and gas industry experience. She has deep expertise in risk management, business strategy, operations and employee health [Read more]