GUERNSEY, Sask. - An estimate of oil spilled in a fiery train derailment in rural Saskatchewan has increased to 10,000 barrels Saskatchewan's Ministry of Environment says new figures from Canadian Pacific show the spill was more than the 7500 barrels initially calculated. The ministry says a significant amount of crude was burned off during the fire, and CP estimates 7500 barrels of oil has so far been recovered. The freight train jumped the tracks on Feb. 6 near Guernsey, about 115 [Read more]
Headlines
As Canadian rail blockade drags on, police use caution due to legacy of past violence
As a blockade of Canada's rail lines drags on and the economic impact deepens, police aware of the bitter legacy created by past fatal clashes with indigenous protesters have chosen not to clear the tracks by force. For the past two weeks, campaigners blocked rail lines in Ontario, Quebec and Alberta in solidarity with a British Columbia (B.C.) aboriginal band that had stopped construction of a gas pipeline over its land. The cautious approach follows raids and arrests against the B.C. [Read more]
Quebec premier says police will dismantle rail blockade if injunction granted
ST-LAMBERT, Que. - Quebec Premier Francois Legault says that police will dismantle a rail blockade in St-Lambert, south of Montreal, if a court grants an injunction. He says the blockade that went up Wednesday is not on First Nations land, making it easier to take action. The blockade in solidarity with Wet'suwet'en hereditary chiefs in British Columbia was erected on CN tracks, and it has disrupted rail service for suburban commuters and for travellers between Montreal and Quebec [Read more]
The latest on protests across Canada in support of anti-pipeline demonstrators
Here is the latest news on protests across Canada over a natural gas pipeline project in British Columbia: Federal Public Safety Minister Bill Blair says the RCMP have offered to move officers away from the area where traditional leaders of the Wet'suwet'en First Nation have been opposing a pipeline on their territory. Blair says that meets the conditions set by the chiefs, who have demanded that Mounties leave their traditional lands southwest of Houston, B.C. But yesterday Chief [Read more]
Oil rises on supply woes; demand concerns from coronavirus ease
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicentre of the outbreak. Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution, while U.S. sanctions on a subsidiary of Russian state oil major Rosneft could cut more Venezuelan crude from the market, rekindling global oil supply [Read more]
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko oil development program which continues to demonstrate encouraging results. Pekisko Oil Development Program Update Following up on the drilling of its initial horizontal oil well ("13-33") in the fourth quarter of 2018, Pine Cliff drilled two gross (2.0 net) Pekisko horizontal oil wells during the fourth quarter of 2019. The first of these two wells [Read more]
Gear Energy Ltd. Announces 2019 Year-End Reserves
CALGARY - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the following results and analysis of its 2019 year-end independent reserve report prepared by its independent evaluator Sproule Associates Limited ("Sproule"). During 2019, Gear generated $61.8 million of funds from operations and reinvested $38.9 million, or 63 per cent, consisting of $37.0 million of development capital and $2.9 million directed towards abandonment and reclamation activities, offset by [Read more]
Gear Energy Ltd. Announces Fourth Quarter 2019 Operating Results
CALGARY - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following fourth quarter operating update to shareholders. Gear's Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended December 31, 2019 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Twelve months ended (Cdn$ [Read more]
Kelt Reports Significant Increases in Oil & Gas Reserves and Net Asset Value per Share as at December 31, 2019
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to report on its oil & gas reserves and production for the year ended December 31, 2019. The audit of Kelt's 2019 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2019 referred to in this press release are unaudited and represent management's estimates. Readers are advised that these financial estimates are subject to audit and may be [Read more]
ARC Resources Ltd. Announces Retirement of Myron Stadnyk and the Appointment of Terry Anderson as Chief Executive Officer
CALGARY - (ARX - TSX) The Board of Directors (the "Board") of ARC Resources Ltd. ("ARC", the "Corporation", or the "Company") is pleased to announce the appointment of Terry Anderson to the role of Chief Executive Officer, effective today. Myron Stadnyk will continue to serve as President and Director of the Corporation until his retirement on April 30, 2020. Terry Anderson has served as ARC's Chief Operating Officer over the past five years; prior to this, he successfully led ARC's [Read more]








