EDMONTON - A group oil and gas supporters is planning a counter-rally when Swedish climate activist Greta Thunberg shows up at the Alberta legislature. Glen Carritt, who organized the United We Roll convoy that travelled to Ottawa in February, says a similar convoy will start in Red Deer, Alta., on Friday morning and make its way to Edmonton. Carritt says the trucks are expected to arrive at the legislature at noon, when a climate rally is to begin with 16-year-old Thunberg. He says [Read more]
Headlines
U.S. becomes net exporter of crude and fuel for 2nd week in a row for first time on record
The United States became a net exporter of crude and petroleum products for a second week in a row for the first time on record last week, data from the Energy Information Administration showed on Thursday. The U.S. exported about 31,000 barrels per day (bpd) of crude and petroleum products on a net basis last week after exporting a net 30,000 bpd a week earlier, the data showed. Meanwhile, refinery utilization rates in the U.S. East Coast slid to 59.8%, the lowest level since November [Read more]
TC Energy to cut Oct volumes on Keystone oil pipeline after force majeure
TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snowstorm in Manitoba over the weekend, sources familiar with the matter said on Thursday. The company is expected to cut volumes entering the Keystone pipeline from Canada by about 20% for the rest of this month, two of the sources said. TC Energy did not immediately comment on the volumes. The timeline for a return to full operations is [Read more]
Pieridae Energy Closes the Acquisition of Shell Canada’s Foothills Assets
Highlights: Acquisition immediately accretive to the Company Acquired majority of the gas needed to supply Train 1 at Goldboro LNG facility Further progress made toward Goldboro LNG final investment decision Pieridae remains committed to working respectfully with area communities and Treaty 7 Nations Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that it has closed its acquisition of all of Shell Canada Energy’s (“Shell”) midstream and [Read more]
Column: Welcome to Canada, Greta Thunberg
As the most ubiquitous Swedish product since IKEA’s Billy bookcase, the fact that Greta Thunberg’s climate symphony in the key of apocalypse has arrived in Alberta should not have come as a surprise. Some say she’s packing more hypocrisy than you could fit in a Vardegan. (That’s a measuring cup in Ikean, in case you’re wondering.) Is that too harsh a judgment? Yes it is. If every kid her age had a pinky’s worth of her desire to make the world a better place, there’s a very good chance the [Read more]
Saturn Oil & Gas Provides Operational Update Highlighting Strong Viking Drilling Results
Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSXV: SOIL) (FSE: SMK) is pleased to provide an operational update highlighting results from the Company’s second-half 2019 drilling program, which exceeded expectations, as well as information regarding Saturn’s participation in upcoming investor-focused European events and the issuance of stock options. Viking Drilling Results The Company is pleased to announce results from its second-half 2019 drilling program, with strong volumes [Read more]
Granite Oil Corp. Provides Operational Update and Preliminary Third Quarter Results
GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report the preliminary results for the third-quarter and an operational update. During the recently completed third quarter, the Company made significant progress on debt repayment and completed an initial test of a recompletion program which has the potential to have material, positive impacts on go-forward development of the Company’s Bakken oil pool. Preliminary Third Quarter Results Granite continued its [Read more]
Black Swan Energy Celebrates Opening of Nig Creek Gas Processing Facility
Black Swan Energy Ltd. ("Black Swan") is pleased to announce the official opening of its Nig Creek Gas Processing Facility located in northeast British Columbia. Today the company hosted a celebration at the plant which was attended by the Chief of the Blueberry River First Nations, Marvin Yahey, Mayor of Fort St. John and 2019 Canadian Energy Person of the Year, Lori Ackerman and Liberal MLA for Peace River North, Dan Davies. Following a tour of the state-of-the-art facility Elder May Apsassin [Read more]
Oil prices fall on signs of large U.S. stock build
Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. U.S. crude oil futures were down 48 cents, or 0.9%, at $52.88 after earlier dropping more than 1% to a session low of $52.76 earlier. Global benchmark Brent crude oil futures was down by 47 cents, or 0.8%, at $58.95 a barrel. U.S. crude inventories soared by [Read more]
TC Energy declares force majeure on Keystone oil pipeline deliveries
TC Energy Corp has declared force majeure on shipments on its 590,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations, sources familiar with the matter said on Wednesday. Force majeure is a declaration that unforeseeable circumstances prevented a party from fulfilling a contract. The storm over the weekend knocked out power to about 3-4 pump stations in Manitoba, affecting pipeline flows, three sources said. TC Energy [Read more]