CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its first quarter 2020 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended March 31, 2020 which are available on SEDAR at www.sedar.com and the Company’s website. Q1 2020 [Read more]
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Pembina Pipeline Corporation announces closing of $500 million public note offering
CALGARY - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $500 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 16 (the "Series 16 Notes") having a fixed coupon of 4.67 percent per annum, paid semi-annually, and maturing on May 28, 2050; and $100 million principal amount [Read more]
Oil gains on rise in U.S. fuel stocks
Oil prices gained in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude futures fell as much as 5% to a low of $31.14 and were up 1%, or 33 cents, at $32.55. Brent crude futures last traded up 0.96%, or 36 cents, at $34.54. Data from the American Petroleum Institute industry group showed crude stocks rose by 8.7 [Read more]
Calgary-made hand sanitizer now available for bulk purchase
As businesses across Canada reopen with caution, respecting social distancing and encouraging strong hygiene practices are more important than ever to help prevent further outbreaks. Calgary brewery, Annex Ale Project, is now offering their Crisis-Grade Hand Sanitizer for sale in flats of 473ml cans or boxes of 4 x 4L jugs. PRICING: A flat of 24 x 473ml cans = $144 + GST A box of 4 x 4L Jugs = $128 + GST Prices include free delivery in Calgary. To order, please contact [Read more]
Pieridae announces first quarter results
Solid Financial Returns for a Second Straight Quarter Highlights: Revenue of $74.0 million in Q1 2020, an increase of $51.0 million or 222% compared to Q1 2019 Petroleum and natural gas revenue increased by $41.4 million or 178% compared to Q1 2019 Net operating income1 (“NOI”) increased by $14.1 million or 273% compared to Q1 2019 Adjusted Funds Flow From Operations1 (“AFFO”) increased by $12.0 million or 1,845% compared to Q1 2019, and cashflow from operations improved from a [Read more]
Irving Oil and Silverpeak announce acquisition agreement for North Atlantic Refining Corp.
SAINT JOHN, NB and COME BY CHANCE, NL - Canadian-owned Irving Oil and U.S. investment firm Silverpeak have signed an agreement for Irving Oil to acquire North Atlantic Refining Corp., subject to regulatory review and conditions of sale being met. The agreement includes a 135,000 bpd refinery located in Come By Chance, NL, and a network of retail sites and other marketing assets. As a family-owned international refining and marketing company based in Atlantic Canada, Irving Oil has proudly [Read more]
Hillcrest Partnership secures exclusivity to deploy US patented technology for electrical generation applications in the european union
May 28, 2020 - TheNewswire - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), has secured exclusive rights under a Memorandum of Intent to market and deploy US patented technology in the European Union. The Technology has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced an exclusive arrangement to market licenses for this patented [Read more]
Statement by the minister of natural resources following a meeting of Canada’s energy and mines ministers
OTTAWA - Canada's Minister of Natural Resources, the Honourable Seamus O'Regan, today released the following statement after meeting by video conference with his provincial and territorial counterparts of the Energy and Mines Ministers' Conference: "Canadian families and small businesses across the country are feeling the impacts of COVID-19. That's why the Government of Canada is working with provinces and territories to protect jobs and businesses, including our energy and mining sectors, [Read more]
Alberta introduces bill to put deadlines on energy project approvals
EDMONTON - Alberta is introducing legislation to allow the government to set maximum time limits on approvals for energy projects. Energy Minister Sonya Savage says that a review of the system has shown that at times it takes too long for Alberta's energy regulator to make decisions on whether to allow an oil and gas project to proceed. The review found that while some projects were approved in as little as five days or less, others took months or years. Savage says they are giving the [Read more]
Peter Dea named as Ovintiv board chairman replacing retiring chair Clayton Woitas
President Michael McAllister to retire after 20 years with the Company DENVER - Ovintiv Inc. today announced that Peter A. Dea will succeed Clayton H. Woitas, 71, as its chairman of the board. Ovintiv President Michael McAllister also announced plans to retire after 20 years with the Company and nearly 40 years in the industry. Both changes are effective June 30, 2020. Dea, who has more than 30 years of experience in the exploration and production (E&P) industry, will assume [Read more]