REGINA - Saskatchewan Premier Brad Wall says more can be done to help protect the environment, but he also wants to make sure new policies don't hurt the province.Wall says that's why it's important to raise Saskatchewan's concerns at a major climate talk in Paris."We want to make sure that whatever Canada is committing to doesn't kneecap our economy in the West," Wall said of the Paris talks."We think what we've seen so far from Mr. Trudeau, there are not a lot of details, but so far his [Read more]
Headlines
Alberta NDP push balanced budget promise back by a year
Rachel Notley's Alberta NDP government is pushing back its balanced budget promise by a full year. During the spring provincial election campaign, the NDP promised a lots of spending but said that it would see the province balance its books by 2018-19. That was to be a full year after the Wildrose and PC opposition party promises. Today however, Finance Minister Joe Ceci announced that the provincial government has changed course. Ceci mentioned that global markets have forced the government [Read more]
Kinder Morgan Increases Quarterly Dividend to $0.51 Per Share, up 16%
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved an increase in its quarterly cash dividend to $0.51 ($2.04 annualized) payable on Nov. 13, 2015, to shareholders of record as of the close of business on Nov. 2, 2015. This represents a 16 percent increase over the third quarter 2014 dividend of $0.44 per share ($1.76 annualized) and is up from $0.49 per share ($1.96 annualized) for the second quarter of 2015. This is KMI’s 15th [Read more]
COSIA boss says members “doubling down” despite low crude prices
CALGARY - Members of Canada's Oil Sands Innovation Alliance are "doubling down" on sharing their green technologies despite the pinch from low crude oil prices, the group's boss said Wednesday.Oilsands firms are sharing about as many different technologies now, with oil below US$50 a barrel, as they were last year, when crude peaked at US$107 a barrel, Dan Wicklum said in an interview.The aim of COSIA, which was launched in early 2012, is to enable competing oilsands companies to share [Read more]
Whitecap Resources Inc. Confirms Credit Facility at $1.2 Billion, Provides Operational Update and Increased Production Guidance
CALGARY, Oct. 21, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to confirm our credit facility has been maintained at the current $1.2 billion and would like to provide shareholders with an update on our successful capital execution thus far in 2015. Our third quarter operational results have once again exceeded expectations with average production over 1,800 boe/d (5%) above our forecast of 40,000 boe/d. This provides us with an opportunity to increase [Read more]
Industry’s post-election position is ambiguous
It is conventional wisdom that in any election, there will be winners and losers. So where does Canada's oil & gas industry - and the millions of people relying on it - stand in the aftermath of the Liberals' landslide? Win or lose is a matter of perspective. The oil & gas industry needs pipelines. In the person of Prime Minister Harper, the industry had an unequivocal supporter. While every serious contender to some varying extent touted their support for Canada's resource sector, it [Read more]
Shell changes response to possible blowout, gets OK to drill off Nova Scotia
HALIFAX - A federal regulator will allow Shell Canada Ltd. to begin exploration drilling off Nova Scotia after it reduced the number of days it would take the company to bring in capping technology in the event of a subsea well blowout.The company says it would have a capping stack on site within 12 to 13 days after previously saying it would take up to 21 days.The Canada-Nova Scotia Offshore Petroleum Board said Tuesday it is satisfied that Shell is taking all reasonable precautions to protect [Read more]
Long Run Exploration Ltd. Provides Update on Proposed Private Placement
CALGARY, ALBERTA--(Marketwired - Oct. 20, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces that the special meeting of Long Run shareholders initially planned for November 12, 2015 ("Proposed Special Meeting") in connection with the proposed private placement to Maple Marathon Investments Limited ("Maple Marathon") has been temporarily delayed for the reason outlined below. On October 16, 2015, MIE Holdings Corporation ("MIE"), the owner of Maple [Read more]
Justin Trudeau leads Liberals to majority government
The Liberal Party of Canada has made a stunning turnaround in this year's federal election. In total, the Liberals officially won 184 seats, surpassing 170 seat minimum for a majority government. The Liberal win effectively ends close to 10 years of Conservative leadership under Prime Minister Stephen Harper. Harper has indicated that he will indeed be stepping down as leader of the Conservatives, but will remain as an MP. “During the past 9 1/2years it has been an unbelievable honour [Read more]
Traverse Energy Ltd. Announces Increase in Size of Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Oct. 19, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) reports that due to the oversubscription of its previously announced non-brokered private placement, the Corporation is increasing the size of its private placement of common shares of the Corporation ("Shares") to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada) at $0.60 per Share (the [Read more]