VICTORIA - Opposition Liberal Leader Andrew Wilkinson says he wants to be part of a probe of high gasoline prices by British Columbia's independent energy regulator. Wilkinson says he's applied to participate as an intervener in any examination to identify factors impacting gasoline prices in the province. Premier John Horgan asked the B.C. Utilities Commission to investigate why gasoline in Metro Vancouver and Vancouver Island is so much more expensive than the rest of the country. A [Read more]
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Ships must keep 400 metres away as part of new rules to protect killer whales
VANCOUVER - Canada has announced sweeping new rules to protect southern resident killer whales off British Columbia's coast, including requiring ships to stay 400 metres away from the whales and closing some salmon fisheries. Fisheries and Oceans Minister Jonathan Wilkinson announced on Friday the latest set of recovery measures for the endangered southern residents, of which only 75 remain and they face serious threats. "We are at a crossroads. The impacts of climate change, combined with [Read more]
Questerre reports first quarter 2019 results
CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter ended March 31, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “In the first quarter, we made good progress in Quebec through the agreement to regain operatorship and discussions with stakeholders on our Clean Tech Energy project. We also made progress on our [Read more]
Trudeau says Alberta carbon tax fight won’t affect Trans Mountain line decision
EDMONTON - Prime Minister Justin Trudeau says Alberta's opposition to a carbon tax won't influence his cabinet's decision on whether to approve the Trans Mountain pipeline expansion. "Moves that a province may or may not make will have no bearing on the approval process for important projects like the Trans Mountain pipeline expansion," Trudeau told reporters Friday. Alberta Premier Jason Kenney has promised to bring in legislation to kill Alberta's provincial carbon tax as the first order [Read more]
Canada Weekly Rig Count Up 2 to 63
Western Canada’s fleet of drilling rigs went up 2 to 63 according to data collected by Baker Hughes for the week of May 10th.From last Friday, Alberta rig counts remained at 42. Saskatchewan's rig count went up by 1 to 2. Oil drilling went up 5 to 22; natural gas rigs went down 3 to 41. View a full breakdown of western Canada’s rig activity. [Read more]
Vertex Resource Group Ltd. Announces First Quarter 2019 Results
Revenue of $42.6 million and EBITDA of $6.3 million for first quarter 2019.SHERWOOD PARK, AB, May 10, 2019 /CNW/ - (TSXV:VTX) - Vertex Resource Group Ltd. ("Vertex" or the "Company") reports its financial and operational results for the three months ending March 31, 2019, with comparisons to the same period in 2018. The following operational and financial highlights should be read in conjunction with the Management Discussion and Analysis ("MD&A") and the interim consolidated financial [Read more]
U.S. oil drillers cut rigs for third week in four
U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending.Drillers cut two oil rigs in the week to May 10, bringing the total count down to 805, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.That put the U.S. rig count, an early indicator of future output, below the 844 drilling a year ago.The rig count has declined [Read more]
Enbridge Inc. Reports Strong First Quarter 2019 Results
CALGARY, May 10, 2019 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported first quarter 2019 financial results and provided a quarterly business update.FIRST QUARTER 2019 HIGHLIGHTS(all financial figures are unaudited and in Canadian dollars unless otherwise noted)GAAP earnings of $1,891 million or $0.94 per common share for the first quarter of 2019, compared to $445 millionor $0.26 per common share in the first quarter of 2018, both including the impact of a [Read more]
Obsidian Energy Announces First Quarter 2019 Financial and Operational Results
CALGARY, May 10, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2019. All figures are in Canadian dollars unless otherwise stated.Michael Faust, Interim President and CEO commented "Stepping into my role at Obsidian Energy, I am focusing my attention on three main areas. First, I will ensure we continue to deliver strong [Read more]
Enerplus Announces First Quarter 2019 Results
CALGARY, May 10, 2019 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today reported its first quarter 2019 operating and financial results. First quarter 2019 cash flow from operating activities was $109.0 million and adjusted funds flow was $168.8 million. First quarter net income was $19.2 million, or $0.08 per share, and adjusted net income was $72.5 million, or $0.30 per share.HIGHLIGHTSStrong pricing in the Bakken and Marcellus helped drive first quarter [Read more]