Advancing Light Oil with A Solid Natural Gas Foundation CALGARY, Jan. 8, 2020 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2020 capital budget which targets investment between $170 and $200 million. These investments will continue to advance the Corporation's liquids transition plan by focusing on our Progress and Pipestone/Wembley light oil assets, complementing our solid foundation of low-cost natural gas and condensate at Glacier and [Read more]
Headlines
Toscana Energy Initiates Formal Strategic Alternatives Process
CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that the Board of Directors (the “Board“) of the Corporation is undertaking a formal process to identify, examine and consider the strategic alternatives available to the Corporation to maximize value for shareholders. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a disposition of all [Read more]
Enerplus Appoints Judith D. Buie to its Board of Directors
CALGARY - Enerplus Corporation ("Enerplus") (TSX & NYSE: ERF) today announced the appointment of Ms. Judith D. Buie to its board of directors. Ms. Buie has spent over 25 years in the upstream oil and gas business leading business development initiatives and managing oil and gas assets through different commodity and life cycles. From 2012 to 2017, Ms. Buie was Co-President and Senior Vice President Engineering for RPM Energy Management LLC, a private company which evaluates and manages [Read more]
Alberta petrochemical project cost estimate rises to about $4.9 billion
CALGARY - The cost of a petrochemical project near Edmonton designed to turn propane into plastic pellets to be shipped to manufacturers around the world has risen to about $4.9 billion, up about $400 million from original estimates. Calgary-based Pembina Pipeline Corp. says the adjustment is a result of the awarding of a lump sum engineering, procurement and construction contract for one of two integrated petrochemical plants in the facility. CEO Mick Dilger says the decision to award the [Read more]
Oil falls 5% as investors reassess Middle East risks
Oil prices fell nearly 5% on Tuesday, surrendering some recent gains as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week. West Texas Intermediate (WTI) crude fell $3.00, or 4.8%, to settle at $59.70 a barrel. Brent crude fell $2.72, or 4%, to settle at $68.27 a barrel. U.S. Prices surged during the previous two sessions on fears of escalating conflict and potential Middle [Read more]
Work resumes on Canada’s Coastal GasLink pipeline over indigenous opposition
Construction of the C$6.6-billion Coastal GasLink pipeline in western Canada resumed on Tuesday, after an indigenous group that opposes the project had ordered its workers off their territory. Coastal GasLink, to be operated by TC Energy Corp , will move gas from northeast British Columbia to the Pacific Coast, where the Royal Dutch Shell -led LNG Canada export facility is under construction. While less contentious than oil pipelines, Coastal GasLink faces opposition from some leaders of [Read more]
Calima Energy – Canadian Operations Delivered Through CWL Energy’s Asset Management Team
Asset Management Services CWL Energy Management (CWL Energy), based in Calgary, Alberta provides full-service oil and gas Asset Management services to industry. Our qualified professionals work with organizations to manage the complete value chain of asset management, from prospect generation through to sales, including production operations, engineering & geoscience, HSER, land and accounting services. We help organizations maximize asset value through cost effective, bespoke [Read more]
XI Technologies: January 2020 Expiring Land Report – Are there opportunities for you?
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. XI Technologies looks at expiring land every month because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where drilling activity [Read more]
Producing Alberta mineral interests for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Pembina Pipeline Corporation Announces Lump Sum Contract for Petrochemical Facility
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information see "Non-GAAP Measures" herein. CALGARY, Jan. 7, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) along with Petrochemical [Read more]