Canada's Liberal government has rejected most of the amendments proposed by senators to a bill that will overhaul how major projects like pipelines are assessed, a move criticized by Canada's main crude-producing province, Alberta. Prime Minister Justin Trudeau's government introduced Bill C-69 to fulfill a 2015 election pledge to streamline and restore trust in Canada's environmental approval process for major projects. The legislation in its original form was fiercely opposed by the oil [Read more]
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Husky pleads guilty over oil leak into North Saskatchewan River
LLOYDMINSTER, Sask. - Husky Energy has pleaded guilty in a pipeline leak that sent oil spilling into a major river that is the source of drinking water for a number of Saskatchewan communities. The spill into the North Saskatchewan River in July 2016 forced the cities of North Battleford, Prince Albert and Melfort to shut off their water intakes for almost two months. Calgary-based Husky entered guilty pleas on three environmental charges in provincial court in Lloydminster, [Read more]
CodeWest API training courses are coming to Calgary, Alberta!
Are you planning to take the API 1169, API 510, API 570 or API 563 exams and need help prior to the exams? We are bringing the CodeWest instructors to Calgary for the following sessions: API 1169 Pipeline Inspector Certification Training (4.5 days) $1,500 Cdn July 29 – Aug 2, 2019 (for API exams run Aug 16-30) API 510 Pressure Vessel Inspection Certification Training (8 days) $2,900 Cdn Aug 20 – 27, 2019 (for API exams run Sep 13-27) API 570 Piping Inspection [Read more]
XI Technologies: Bank redeterminations now include a detailed ARO component – are you ready?
Each week, XI Technologies scans their 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. Redetermination of bank credit facilities is an annual or semi-annual exercise that almost all E&P companies have become used to. While credit redeterminations can involve reviewing a range of financial information, until a [Read more]
Perpetual Energy Inc. Applies for Judicial Review to Challenge Municipal Property Tax Assessment Guidelines
CALGARY, June 11, 2019 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") has filed an application with the Court of Queen's Bench of Alberta seeking a judicial review of the previous NDP government's Minister of Municipal Affairs' Guidelines published December 13, 2018 (the "Minister's Guidelines") as they relate to how assessed values of linear property, machinery and equipment are calculated for the purpose of municipal property tax. The Company believes the current [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jun. 11 SERVICE WRITER - (RDT) Trican Well Service Ltd. Red Deer Jun. 11 Project Controls Specialist Brunel Halifax Jun. 11 Deputy Project Director, [Read more]
Thousands hear anti-Ottawa messages at pro-pipeline rally in Calgary
CALGARY - Western alienation bubbled up Tuesday as thousands of oil and gas industry supporters gathered on the Calgary Stampede grounds to hear speakers take turns blasting the federal Liberal government and its energy policies. Organizers estimate 4,000 people, many wearing black T-shirts reading "The world needs more Canadian energy," came for the rally which featured a bluegrass band, free hot dogs and admission to the annual Global Petroleum Show trade show. The crowd cheered and [Read more]
Perpetual Energy Inc. Successfully Completes Senior Note Refinancing
CALGARY, June 11, 2019 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that it has successfully completed the previously announced early redemption of all of the $14.6 million aggregate principal amount of 8.75% senior notes maturing July 23, 2019 (the "2019 Senior Notes") effective June 11, 2019 (the "Senior Note Refinancing"). Pursuant to the Senior Note Refinancing, Perpetual issued $15.7 million of 8.75% senior notes due January 23, 2022 [Read more]
Keyera Corp. Announces $600 Million Hybrid Note Offering
CALGARY, June 11, 2019 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has priced a Canadian offering of $600 million of 6.875% fixed-to-floating rate subordinated notes due June 13, 2079. The offering is expected to close on June 13, 2019 and the net proceeds will be used to fund Keyera's ongoing capital program, repay indebtedness under Keyera's revolving credit facility, and for general corporate purposes. The notes are being offered through an underwriting syndicate [Read more]
Court to consider continuing injunction against LNG pipeline opponents in B.C.
PRINCE GEORGE, B.C. - Coastal GasLink and opponents of the company's natural gas pipeline are set to make arguments in British Columbia's Supreme Court over whether an interim injunction should continue. The natural gas company is building a pipeline from northeastern B.C. to LNG Canada's export terminal in Kitimat on the coast. Coastal GasLink says it has signed agreements with all 20 elected First Nations councils along the 670-kilometres route but hereditary chiefs in the Wet'suwet'en [Read more]