CALGARY, Alberta, Nov. 01, 2019 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced the West Path Delivery Program, a combined $1.2 billion expansion of its NOVA Gas Transmission Ltd. (NGTL) and Foothills Systems, which will connect with the US$335 million GTN XPress Project recently announced by TC PipeLines LP, to deliver the volumes to downstream markets. “The West Path Delivery Program, along with the GTN XPress Project, further enhances [Read more]
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PNG Exchange New Properties
Here are a few of the newest properties available on PNG Exchange: Lynx Energy | Wheatland, AB Canlin Energy Corporation | Saskatchewan Fee Lands Gryphon Petroleum Corporation | Chigwell East Duvernay Canadian Natural Resources | Noel, BC Forge Oil & Gas Limited | Bonnie Glen Shallow Gas ___________ PNG Exchange provides landmen, geologists and other oil and gas professionals a platform for acquiring or disposing properties. PNG Exchange offers the quickest and most [Read more]
Imperial announces third quarter 2019 financial and operating results
Imperial Oil Limited (TSX:IMO): Net income of $424 million; cash generated from operations of nearly $1.4 billion Highest third quarter production in 30 years at 407,000 gross oil-equivalent barrels per day Returned $512 million to shareholders through share purchases and dividends Third quarter Nine months millions of Canadian dollars, unless [Read more]
Is now the time to renounce your US citizenship?
The United States is one of the only countries in the world to tax based on citizenship, which means if you’re a US citizen living outside the United States, you still have yearly IRS tax filing obligations. These tax filing obligations can be an expensive annual hassle (even if you owe no tax), and may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide a way out. Our free seminar covers the following topics of interest: Why do people [Read more]
TC Energy reports strong third quarter financial results
Well positioned to fund $30 billion capital program without additional common equity TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for third quarter 2019 of $739 million or $0.79 per share compared to net income of $928 million or $1.02 per share for the same period in 2018. Comparable earnings for third quarter 2019 were $970 million or $1.04 per common share compared to $902 million or $1.00 per common share in 2018. [Read more]
Baytex Announces Third Quarter 2019 Financial and Operating Results
Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and nine months ended September 30, 2019 (all amounts are in Canadian dollars unless otherwise noted). Strong operating performance has continued across our asset base during the third quarter. We continue to drive cost and capital efficiencies, stable production and substantial free cash flow. Given our year-to-date results, we expect to exceed our 2019 full-year annual production guidance [Read more]
Advantage Announces Third Quarter 2019 Operating & Financial Results
CALGARY, Oct. 31, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce solid third quarter 2019 results and the fifth consecutive quarter of increasing liquids production. Development is proceeding as planned on Advantage's significant Montney oil and liquids assets, and exposure to light oil and condensate revenue continues to increase. The Corporation's measured delineation program also resulted in the discovery of a light oil pool on our 50 net [Read more]
Enbridge wins court backing to keep Great Lakes pipeline running
Canadian pipeline operator Enbridge Inc on Thursday won backing from a Michigan state court to permit a 66-year-old crude oil pipeline to continue to run under a state waterway, pushing back authorities' efforts to have the pipeline decommissioned. The Enbridge Line 5 pipeline runs under the Straits of Mackinac, where Lakes Huron and Michigan meet, and ships 540,000 barrels per day of light crude oil and propane. It is a critical part of the company's network that delivers the bulk of [Read more]
DXI Reports Q3 2019 Results
DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three and nine month periods ended September 30, 2019. Q3 2019 Key Financial and Operating Highlights are: Reduced G&A expenses by 27% to $211,000 from $290,000 for the comparative period ended September 30, 2018; [Read more]
Alberta loses producer Encana, moves to boost rail shipping
Canada is losing the headquarters of major oil and gas producer Encana Corp to the United States, the latest blow to an industry crippled by a pipeline shortage, even as the Alberta government moved to stimulate crude shipping by rail. The Western-based oil industry has been forced to curtail production this year, as proposed pipeline expansions stalled and stranded much of Alberta's oil from the U.S. refineries that buy it and depressed prices. The slump has chased away foreign companies [Read more]