Dear Prime Minister, Senators, Honourable MPs and Mr. Vandal, A few weeks past I wrote an Open Letter in order to highlight my concerns regarding my not being allowed to enter the Senate of Canada with my “I ♥ Canada Oil + Gas” shirt as it may offend some people. Shortly after publishing this, I was inundated with phone calls from Senators, media and people from the general public that were concerned about how this could happen in Canada. After Senator Tkachuk raised his concerns in a [Read more]
Headlines
Minnesota court declines to review Enbridge Line 3 pipeline approval
The Minnesota Supreme Court on Tuesday declined to hear environmental and tribal challenges to Enbridge Inc’s Line 3 oil pipeline, a decision that removes one potential obstacle for the already-delayed project. The ruling means the Minnesota Public Utilities Commission (MPUC), the state regulator that approved the Line 3 project last year, will not have to consider additional environmental issues. Line 3 is part of Enbridge’s Mainline network that transports western Canadian oil to Midwest [Read more]
Oil plummets 6% as Saudi says oil production fully restored
Oil prices dropped about 6% on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth. Oil surged as much as 20% at one point on Monday. During a news conference on Tuesday, Saudi Arabia’s energy minister also said it [Read more]
Court allows appeal on pipeline certificate, says B.C. needs to reconsider
The British Columbia government has been ordered by the province's highest court to reconsider its environmental assessment certificate allowing the expansion of the Trans Mountain pipeline. In challenges by the Squamish Nation and the City of Vancouver, the B.C. Court of Appeal ruled the province's approval of the certificate was based on the original report from the National Energy Board, which was later quashed by the Federal Court of Appeal. After the National Energy Board reviewed the [Read more]
Hemisphere Energy achieves milestone production exceeding 2000 boe/d
VANCOUVER, Sept. 17, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an operational and production update on its southern Alberta oil assets. Based on field estimates, average corporate production between September 1 and September 15, 2019 has been approximately 2,020 boe/d (96% oil). This represents an increase of approximately 45% over second quarter production and is the direct result of new wells from Hemisphere's summer [Read more]
Corporate Divestiture: Avalon Energy Ltd
Avalon Energy Ltd. (“Avalon” or the “Company”) has engaged Sayer Energy Advisors (“Sayer”) to assist it with the sale of the shares of the Company. Avalon is a private company with a 30 year history of operating oil and natural gas properties in western Canada. The Company’s oil and natural gas assets (the “Properties”), which are all Avalon-operated oil properties, are located in the Murray Lake, Hays, Knappen, Bow Island, Long Coulee, Pageant and Majorville areas of southern [Read more]
Remember that time Canada almost had an energy policy?
I was there the time Canada almost got an energy policy. It was July 2015. Provincial and territorial energy and mining ministers were gathered in Halifax for their annual ministerial. By tradition, the objective of this type of gathering within the federation is to show Ottawa a unified front on issues as a way to challenge the federal government’s tendency to balkanize its unruly junior members. It’s almost built to fail, with control-freak federal civil servants mostly holding the [Read more]
Gibson Energy Announces Closing of $500 Million Medium Term Note Offering and Redemption of $300 Million Senior Unsecured Notes Due 2022
All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has closed the previously announced offering of $500 million senior unsecured medium term notes, Series 1 (the "Notes"). The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature on September 17, 2029. Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its [Read more]
Kaybob Duvernay Opportunity
Bounty Developments Ltd. is soliciting offers for its 100% working interest in 98.5 sections (63,040 acres) of Duvernay and other PNG rights in the Kaybob area. These are the largest high quality available Duvernay undeveloped land blocks in the Kaybob basin. Well control and extensive geological and petrographic work have de-risked land and show good pay thicknesses, high silica and toc content and other indicia of a world class shale project. Land is in two contiguous blocks of primarily [Read more]
Imperial Oil Ltd. appoints new president; CEO R.M. Kruger announces retirement
The board of directors of Imperial Oil Limited is pleased to announce the appointment of B.W. (Brad) Corson as president, effective September 17, 2019. Chairman and chief executive officer, R.M. (Rich) Kruger, has declared his plans to retire at the end of December, 2019. Mr. Corson will assume the role of chairman, president and CEO of Imperial Oil Limited on January 1, 2020. “On behalf of the Imperial board of directors, I would like to thank Rich Kruger for his outstanding leadership and [Read more]