CALGARY, April 15, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to provide an update on our Joint Venture with Kiwetinohk Resources Corp. ("Kiwetinohk") in the East Duvernay, including the encouraging test rates achieved by the first two commitment wells. East Duvernay Joint Venture Operational Update Since entering into the Joint Venture arrangement on August 29th, 2018, Kiwetinohk and Journey have been actively advancing the development of the East [Read more]
Headlines
Huge march downtown Calgary during Senate hearings on bill C-69
On the eve of the Alberta provincial election, a huge march took place downtown Calgary. Organized by energy industry advocate group Canada Action, the demonstration paints a picture of discontent felt among Albertans. The Senate hearings for Bill C-69 were in Calgary on Tuesday. Canada Action led the rally which they say "will hurt Canadian families that make their living in our natural resource sector." The bill has received opposition from industry, first nations, provincial leaders, [Read more]
Alberta leaders renew attacks on final full day of election campaign
SHERWOOD PARK, Alta. - A day before Alberta voters go to the polls, United Conservative Leader Jason Kenney and the NDP's Rachel Notley traded attacks over the pipeline issue that has come to define the campaign. "Just one more sleep, one more day before Albertans have an opportunity to vote for change that gets our province back to work and that gets Alberta back on track," Kenney told cheering supporters outside a campaign office in Sherwood Park, east of Edmonton, on Monday. Kenney, [Read more]
Crown won’t pursue charges against 14 pipeline opponents in northern B.C.
PRINCE GEORGE, B.C. - The B.C. prosecution service says it does not have enough evidence to pursue charges of criminal contempt against 14 people who were arrested in January when RCMP enforced an interim court injunction at a pipeline blockade on the Wet'suwet'en First Nation's traditional territory. The prosecution service says in a statement submitted to the B.C. Supreme Court in Prince George that the cases were referred to it for potential prosecution of criminal contempt on Feb. [Read more]
Explosion at Shell’s Scotford refinery
Emergency crews responded to an explosion and fire at Shell's Scotford refinery in Alberta on Monday, a company spokeswoman said. There were no reported injuries. The Scotford facility houses a 100,000 barrel-per-day refinery and a 255,000 bpd oil sands upgrader. Local media reported flames and a large plume of black smoke coming from the refinery. Shell spokeswoman Tara Lemay said the fire broke out around 8:45 a.m. local time and employees were being moved away from the incident as a [Read more]
Strategic Alternatives Process: Return Energy Inc. – Major Light Sweet Oil Upside in the Triassic Upper Charlie Lake
Sayer Energy Advisors (“Sayer”) has been engaged to assist Return Energy Inc. and its wholly-owned subsidiary, Winslow Resources Inc., (“Return” or the “Company”) (TSX-V: RTN) with a strategic alternatives process. The Company is open to reviewing all alternatives, with potential outcomes to this process including, but not limited to, a sale or merger of the Company or other form of business combination; a sale or joint venture involving all or a portion of the assets; a recapitalization of the [Read more]
Alberta’s oil and gas industry has suffered deeply under the NDP
After protesting against the oil industry for 10, 20, 30, and even 40 years, Alberta's NDP took the helm of the province in 2015 after a remarkable sum of events leading up to that fateful day. Since day one of their governorship, Alberta's oil and gas industry has suffered deeply--it will likely go down as the worst 4 years in the sector's history. Capital fled and did not return The day after the 2015 election, massive amounts of capital began fleeing the province. During a 2 day period when [Read more]
Vermilion Energy to drill new exploration wells in central Europe
Canada's Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday. Vermilion won four licences in 2015 for oil and gas exploration in Croatia's flat northeastern areas and the drilling will take place on one of these. "Although we see evidence of gas charge from the new seismic data we have acquired, we'll not know for sure whether any of this is commercially producible until after these initial wells are completed," [Read more]
John Robson: Skipping the test
If you point out that an April snowstorm hardly feels like global warming you get the patronizing lecture about the difference between weather and climate. And if you ask “Then why is hot weather touted as proof?” they declare the science is "settled" and shut down the discussion. Well if it is then I want to know what's going to happen ahead of time, not after the fact. I know the difference between weather and climate. But I also know the difference between science and flimflam. One [Read more]
Canadian Natural Resources Limited Announces Establishment of Automatic Securities Purchase Plan
CALGARY, Alberta, April 15, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural" or the "Company") announces in connection with its previously announced Normal Course Issuer Bid ("NCIB") to purchase up to 61,424,856 of its common shares (“Shares"), it entered into an Automatic Securities Purchase Plan ("ASPP") with a designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB when the Company would ordinarily not be permitted to purchase [Read more]