CALGARY - A rooftop smudging ceremony where herbs were burned and prayers said served as a proxy for swearing in as the oral traditional evidence gathering part of a National Energy Board reconsideration of the Trans Mountain pipeline expansion project began Tuesday. Lyne Mercier, vice-chair of the NEB and chairwoman of the three-member panel hearing evidence, welcomed Indigenous presenters from the Louis Bull Tribe about 80 kilometres south of Edmonton as the first to speak as three weeks of [Read more]
Headlines
Husky Energy Provides Update on White Rose
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Production remains shut in at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather and an oil release late last week. Husky Energy (TSX:HSE) had shut in production at the White Rose field Thursday, November 15 due to operational safety concerns resulting from severe weather. The release occurred during restart procedures on Friday, November 16. Husky was in [Read more]
Alberta boosts incentives for new petrochemical plants
Alberta said on Tuesday that it will double its incentives for companies developing new plants to make petrochemical products, as the Western Canadian province seeks to diversify its economy beyond crude extraction and export. The province will now provide royalty credits worth $2.1 billion, up from earlier commitments totaling $1.1 billion, to projects that convert natural gas and oil into value added products like gasoline, fertilizer and plastics. Alberta said it was expanding the [Read more]
Pulse Oil Corp. Announces Closing of $11,300,520 Equity Financing, Including Exercise of Over-Allotment Option, and Start of EOR, Reactivations and Drilling
CALGARY, Nov. 20, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced the closing of its previously announced (November 12, 2018) public offering (the "Offering") led by Mackie Research Capital Corp. and Pulse's concurrent strategic private placement (the "Placement") for gross proceeds of $11,300,520, including the exercise of the over-allotment option under the Offering. Pulse will immediately begin to carry out its business plan to grow production, [Read more]
AltaGas Appoints Randall Crawford as Chief Executive Officer
AltaGas solidifies senior leadership team and readies to execute on opportunities in Gas and U.S. Utilities CALGARY, Nov. 20, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) today announced the appointment of Randall (Randy) Crawford as Chief Executive Officer and member of the Board of Directors, effective December 10, 2018. Mr. Crawford assumes this role from David Cornhill and Phillip Knoll who will continue as interim co-CEOs until the effective date. Mr. Crawford will join the AltaGas [Read more]
Why do we need proper energy advocacy? Because look at the damage when the Globe and Mail takes the wheel
No one out there needs reminding of how difficult it is to produce petroleum in Canada these days. The regulatory quagmire and relentless attacks from well-organized opponents are the most visible obstacles. Other impediments are equally frustrating, like, for example, the media’s refusal to comment on just how valuable natural gas is to BC at this very moment, and how oddly backwards it is for many to be condemning fossil fuels at the very moment they are in grave danger of not having [Read more]
Notley appoints group to engage industry for solutions to major oil price discounts
Alberta will come up with a plan to address painfully low crude prices within weeks, Premier Rachel Notley said on Monday, as she appointed representatives to start discussions with industry officials. At least five Western Canadian oil producers announced curtailments of heavy crude production in recent weeks, as price discounts for the region's oil grew to much higher than usual levels. Such discounts compared with North American benchmark light oil prices, are costing the Canadian economy [Read more]
Keyera Announces Executive Promotions
CALGARY, Nov. 19, 2018 /CNW/ - David Smith, President and Chief Executive Officer of Keyera Corp. (TSX:KEY) ("Keyera") is pleased to announce the promotion of Bradley W. Lock to Senior Vice President and Chief Operating Officer and the promotion of C. Dean Setoguchi to Senior Vice President and Chief Commercial Officer. With these appointments, Keyera is realigning its organizational structure along functional reporting lines. Field operations, engineering and corporate responsibility will [Read more]
Resource firm planning new N.B. wells if Tories lift fracking moratorium
FREDERICTON - A major player in natural gas development in New Brunswick is making plans for new wells if the province's new Tory government follows through on a pledge to lift a moratorium on fracking. Corridor Resources currently has 32 producing wells in the Sussex area and operates a 50 kilometre pipeline, a gathering system comprising 15 kilometres of pipe, and a natural gas processing facility. The company wants to expand but the previous Liberal government imposed a moratorium in [Read more]
Prairie Provident Announces Successful Evi Drilling Update
CALGARY, Alberta, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("PPR" or the "Company") (TSX:PPR) announces an operational update on successful drilling and completion results from its core Evi area in the Peace River Arch. Evi Drilling Exceeds Expectations As part of its light-oil Granite Wash drilling program, PPR recently drilled four exploration wells in its core Evi area. Two of the wells were successful, with an initial combined swab/flow test rate of about 300 bopd [Read more]