Pipeline to proceed following sanctioning of LNG Canada facility CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will proceed with construction of the Coastal GasLink pipeline project (Coastal GasLink) after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, British Columbia (B.C.) was announced earlier today by the joint venture participants of LNG Canada, a [Read more]
Headlines
Too much oil? Texas boom outpaces supply, transport networks
MIDLAND, Texas (Reuters) - The west Texas drillers that drove the shale revolution have overwhelmed the region's infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. The U.S. government continues to forecast the country's oil output rising to fresh record. But competition for limited resources in Texas is making it harder for shale producers to turn a profit and encouraging some to invest elsewhere. Texas is home to the Permian [Read more]
InPlay Oil Corp. Announces Completion of Strategic Non-Core Asset Disposition
CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that it has successfully closed its previously announced strategic disposition of certain non-core oil and gas properties in the west Pembina area of Alberta for cash consideration of $16.7 million, before closing adjustments (the "Disposition"). The details of the Disposition and the corresponding acceleration of InPlay's 2018 Cardium development [Read more]
Last Chance to Sign Up for the Free Hockey Pool for the Oil and Gas Industry
https://www.youtube.com/watch?v=_smSDF3K75I Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday October 3rd at 5PM. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns [Read more]
LNG Canada project in British Columbia given final approval by shareholders
VANCOUVER - Investors have given final approval for a massive liquefied national gas project in northern British Columbia. The five partners have agreed to the $40-billion joint venture that includes a gas liquefaction plant in Kitimat on B.C.'s coast and a 670-kilometre pipeline delivering natural gas from the northeast corner of the province. The partners — Royal Dutch Shell, Mitsubishi Corp., the Malaysian-owned Petronas, PetorChina Co. and Korean Gas Corp. — delayed the final [Read more]
Oil and Gas Mergers & Acquisitions Have a New Set of Challenges – Bennett Jones LLP to Present October 30
With an evolving regulatory environment, political sparring and dwindling international interest, Canada’s oil and gas industry has experienced a dramatic change in M&A activity. Bennett Jones LLP will provide an overview of market trends and recap recent case law and regulatory developments that have impacted M&A activity at 24th Annual GPAC/PJVA Joint Conference on Tuesday, October 30th at the Calgary Petroleum Club. Join us to increase your breadth and depth of transaction knowledge [Read more]
Shell Gives Green Light to Invest in LNG Canada
THE HAGUE, Netherlands, Oct. 2, 2018 /PRNewswire/ -- Shell Canada Energy, an affiliate of Royal Dutch Shell plc ("Shell") (NYSE: RDS.A) (NYSE: RDS.B), today announced it has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in Kitimat, British Columbia, Canada, in which Shell has a 40% working interest. With LNG Canada's joint venture participants also having taken FID, construction will start immediately with first LNG expected before the middle [Read more]
PETRONAS and joint venture participants reach final investment decision in LNG Canada Project
KUALA LUMPUR, Malaysia, Oct. 2, 2018 /CNW/ - PETRONAS is pleased to announce that, together with its joint venture participants, it has taken a final investment decision (FID) on LNG Canada, a major liquefied natural gas (LNG) project in Kitimat, British Columbia, Canada. PETRONAS, through its wholly-owned entity, the North Montney LNG Limited Partnership (NMLLP), holds a 25% participating interest in the project, with joint venture participants Royal Dutch Shell plc, through its [Read more]
U.S. East Coast refiners cash in by the trainload on Canadian oil
U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is expected to accelerate, as prices will remain weak, with no new Canadian export pipelines expected until late 2019. Rail volumes from Canada to East Coast refineries averaged 35,000 barrels a day for the 12 months ending in July, up from 16,000 bpd for the prior 12-month period. Canada is having difficulty [Read more]
Blackbird Energy Inc. Closes Upsized CEE Flow-Through Equity Financing for Gross Proceeds of $6.4 Million
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 16.0 million common shares ("Shares") on a "flow-through" basis in respect of Canadian Exploration Expenses ("CEE") at a price of $0.40 per Share, resulting in gross proceeds of $6.4 million (the "CEE Private Placement"). Proceeds from the CEE Private [Read more]