After protesting against the oil industry for 10, 20, 30, and even 40 years, Alberta's NDP took the helm of the province in 2015 after a remarkable sum of events leading up to that fateful day. Since day one of their governorship, Alberta's oil and gas industry has suffered deeply--it will likely go down as the worst 4 years in the sector's history. Capital fled and did not return The day after the 2015 election, massive amounts of capital began fleeing the province. During a 2 day period when [Read more]
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Vermilion Energy to drill new exploration wells in central Europe
Canada's Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday. Vermilion won four licences in 2015 for oil and gas exploration in Croatia's flat northeastern areas and the drilling will take place on one of these. "Although we see evidence of gas charge from the new seismic data we have acquired, we'll not know for sure whether any of this is commercially producible until after these initial wells are completed," [Read more]
John Robson: Skipping the test
If you point out that an April snowstorm hardly feels like global warming you get the patronizing lecture about the difference between weather and climate. And if you ask “Then why is hot weather touted as proof?” they declare the science is "settled" and shut down the discussion. Well if it is then I want to know what's going to happen ahead of time, not after the fact. I know the difference between weather and climate. But I also know the difference between science and flimflam. One [Read more]
Canadian Natural Resources Limited Announces Establishment of Automatic Securities Purchase Plan
CALGARY, Alberta, April 15, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural" or the "Company") announces in connection with its previously announced Normal Course Issuer Bid ("NCIB") to purchase up to 61,424,856 of its common shares (“Shares"), it entered into an Automatic Securities Purchase Plan ("ASPP") with a designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB when the Company would ordinarily not be permitted to purchase [Read more]
Alberta election promised titanic clash, delivered name calling, bozo eruptions
EDMONTON - Alberta's election campaign promised a titanic clash of ideas and ideologies between two nationally known leaders, but delivered a burlesque of biting attacks and bozo eruptions — and a surprise guest appearance by the RCMP. Rachel Notley will make history Tuesday as either the first Alberta NDP premier to win re-election or the first-ever leader of an Alberta party that failed to win a renewed mandate on its first try. A win for Jason Kenney's United Conservatives, as [Read more]
Gas stations that don’t display carbon tax sticker could be fined up to $10K
TORONTO - Buried in Ontario's budget bill are fines of up to $10,000 per day for gas station operators who don't display government-mandated stickers about the price of the carbon tax. The budget contains a new piece of legislation called the Federal Carbon Tax Transparency Act that would require gas stations to display the sticker on each pump. The sticker shows the federal carbon tax adding 4.4 cents per litre to the price of gas now, and rising to 11 cents a litre in 2022. The [Read more]
Trump wields presidential power on energy projects such as stalled Keystone XL
WASHINGTON - U.S. President Donald Trump is eager to jump-start energy projects such as the TransCanada Keystone XL oil pipeline, and he's taken action to assert executive power over such infrastructure. The president last month issued a new permit for the stalled Keystone project, which would move Alberta crude to U.S. refineries, insisting it's an exercise of presidential authority that's not subject to judicial review. And Trump has now signed another order clarifying the [Read more]
Red Pine Announces Changes to Board and Management
VANCOUVER, BC / ACCESSWIRE / April 12, 2019 / Red Pine Petroleum Ltd. (TSXV: RPN) (the "Company") today announced that Paul Chung and Ming Sheng have resigned as directors and, respectively, Chief Executive Officer and President, and Chief Financial Officer and Secretary of the Company. The Company has appointed Michael Lerner as Chief Executive Officer and director, and Matthew Fish as Chief Financial Officer to manage the affairs of the Company. The Company wishes to Mr. Chung and Mr. Sheng [Read more]
TransCanada to cut spot rates for crude shipments to U.S. Midwest, Gulf Coast
TransCanada Corp's Keystone Pipeline filed with U.S. regulators this week to lower spot rates to ship crude from Canada to Illinois, Oklahoma and Texas: * TransCanada proposed to lower discounted rates for light crude volumes from or near Manitoba, Canada to Wood River, Illinois to $19.67 per cubic meter from $24.39, according a filing with the U.S. Federal Energy Regulatory Commission (FERC) this week; for heavy crude, it asked to cut rates to $21.70 from $25.79. * The company proposed [Read more]
U.S. drillers add oil rigs for second week in a row
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with crude futures up more than 40 percent so far this year.Companies added two oil rigs in the week to April 12, bringing the total count to 833, 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 future output, is higher than a year ago when 815 rigs were active.The rig count fell for the past [Read more]