All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, May 6, 2019 /CNW/ - MEG Energy Corp. ("MEG") reported its first quarter 2019 operational and financial results. Highlights include: Bitumen production volumes of 87,113 barrels per day (bbls/d) at a steam-oil-ratio (SOR) of 2.2, reflecting continued Alberta-wide mandated curtailments on MEG's production capacity of 100,000 bbls/d; Delivery of 31% of sales volumes to the U.S. Gulf Coast ("USGC") market [Read more]
Headlines
Gibson Energy Announces 2019 First Quarter Results
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 06, 2019 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today its financial and operating results for the three months ended March 31, 2019. “Gibson delivered strong, consistent financial and operational results in the first quarter, with Infrastructure benefiting from 1.1 million barrels of new tankage at Hardisty as well as the Viking Pipeline entering service [Read more]
John Robson: Right man, wrong job
Nice to see that my old friend Mark Cameron has a deputy ministerial job with Jason Kenney. Hi Mark. Now I wonder if I can get you fired for your views on carbon taxes. Well, not fired exactly. More like transferred to a job where your abundant talents can be useful and you can't do harm on the climate file. Possibly in a different province. I try to wish nobody ill. But Mark is in the rally-round-the-white-flag camp on climate. He's been pushing hard for carbon taxes as (a) the most [Read more]
Arctic nations to meet amid tensions over environment, resources
Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth.Countries have been scrambling to claim territory or, like China, boost their presence in the region as thawing ice raises the possibility of exploiting much of the world's remaining undiscovered reserves of oil and gas, plus huge deposits of minerals [Read more]
TransCanada Corporation announces shareholder approval of corporate name change and 2019 annual and special meeting Board of Directors election results
CALGARY, Alberta, May 03, 2019 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced that shareholders representing approximately 99.55% per cent of votes cast approved a special resolution authorizing the Company to amend its articles to change its name to: TC Energy Corporation Corporation TC Énergie The common shares of the Company will continue to trade on the Toronto Stock Exchange (TSX) and the New York Stock Exchange [Read more]
Receiver named for Trident Exploration at request of Orphan Well Association
CALGARY - The Alberta Orphan Well Association says it has taken the "unprecedented" step of having a receiver appointed to manage the oil and gas assets of failed Trident Exploration. The industry association that takes care of wells in Alberta when the owner can't or won't says accounting firm PricewaterhouseCoopers has been appointed by a court to maintain the company's roster of more than 4,400 wells, pipelines and other licensed oil and gas assets. Private Calgary-based [Read more]
Saskatchewan court rules federal carbon-pricing plan constitutional
A Canadian court ruled on Friday that a federal carbon-pricing plan does not violate the constitution, marking a victory for Prime Minister Justin Trudeau on one of his trademark policies ahead of the October national election. In a 3-2 decision, the Saskatchewan Court of Appeal rejected a challenge from the conservative provincial government, which argued the tax could not be imposed by Ottawa. Saskatchewan's premier, Scott Moe, said he would appeal the decision. "Though I am disappointed [Read more]
Canada Weekly Rig Count Down 2 to 61
Western Canada’s fleet of drilling rigs went down to 61 according to data collected by Baker Hughes for the week of May 5th. From last Friday, Alberta rig counts went down 4 to 42. Saskatchewan's rig count remained at 1 Oil drilling went down 2 to 17; natural gas rigs remained at 44. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add oil rigs for first week in three
U.S. energy firms this week increased the number of oil rigs operating for the first time in three weeks even as crude output decelerates with the rig count dropping five months in a row due to spending cuts.Companies added two oil rigs in the week to May 3, bringing the total count to 807, lower than the 834 rigs active this time last year, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of [Read more]
Razor Energy Corp. Announces First Quarter 2019 Results
CALGARY, Alberta, May 03, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce its first quarter 2019 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended March 31, 2019 which are available on SEDAR at www.sedar.com and the [Read more]