In December, PNG Exchange launched their new website. The goal with the redesign was simple: improve the overall experience for visitors to the site. Buyers and sellers. The team at PNG Exchange simplified but enhanced the search functionality, allowing users to use the terms they’re familiar with to find the properties they’re looking for. More details about the properties are available to visitors. For sellers, they completely rebuilt the backend of the site to improve the way you’re [Read more]
Headlines
Canadian police arrest six at Coastal GasLink site
Canadian police arrested six people on Thursday in a remote area of northern British Columbia where indigenous protesters have blocked construction of the Coastal GasLink pipeline. The C$6.6 billion ($4.97 billion) pipeline, to be operated by TC Energy Corp , will move gas from northeast British Columbia to the Pacific coast, where the Royal Dutch Shell -led LNG Canada export facility is under construction. Royal Canadian Mounted Police (RCMP) imposed an "exclusion zone" on Thursday near [Read more]
Canada readies aid for Alberta as deadline for massive oil sands project nears -sources
Canada is preparing an aid package for Alberta, heart of the country's struggling oil industry, that would help dull the pain if it blocks an oil sands project that could create thousands of jobs, sources familiar with the matter said this week. Ottawa must decide by end-February if Teck Resources Ltd can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta despite climate and wildlife concerns. The decision is a major test of Prime Minister Justin Trudeau's 2019 [Read more]
ARC Resources Ltd. Reports Fourth Quarter and Year-end 2019 Financial and Operational Results and Year-end 2019 Reserves Results
CALGARY - ARC Resources Ltd. ("ARC" or the "Company") is pleased to report its fourth quarter and year-end 2019 financial and operational results as well as its year-end 2019 reserves results. ARC's audited consolidated financial statements and notes ("financial statements") and ARC's Management's Discussion and Analysis ("MD&A") as at and for the three months and year ended December 31, 2019 are available on ARC's website at www.arcresources.com and on SEDAR at www.sedar.com. ARC's [Read more]
Canada readies aid for Alberta as deadline for provincial oil sands project nears
Canada is preparing an aid package for Alberta, heart of the country's struggling oil industry, that would help dull the pain if it blocks an oil sands project that could create thousands of jobs, sources familiar with the matter said this week. Ottawa must decide by the end of this month if Teck Resources Ltd can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta despite climate and wildlife concerns. The decision is a major test of Prime Minister Justin Trudeau's [Read more]
Heavy discount widens, remains in narrow range
Canadian heavy crude's discount versus U.S. benchmark West Texas Intermediate (WTI) crude widened on Thursday, but remained near its narrowest level in 2-1/2 months. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $18.25 per barrel below WTI, according to NE2 Canada Inc, wider than Wednesday's settle of $17.70 under. The spread was as little as $17 earlier, the smallest since mid-November. Increased rail volumes and modest additional [Read more]
Razor Energy Corp. Provides Dividend Update
CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) provides an update regarding its dividend policy. Significant price volatility for crude products in the Canadian energy sector has had a major impact on the industry, the province and the country. The volatility is a result of slowing international economic growth and Canada’s lack of access to international markets outside of the United States. These and other factors have significantly impacted West Texas [Read more]
Keyera Announces Executive Appointments
CALGARY - The Board of Directors of Keyera Corp. (TSX: KEY) ("Keyera") is pleased to announce the appointment of Dean Setoguchi to the role of President and Chief Commercial Officer. Mr. Setoguchi is currently Senior Vice President and Chief Commercial Officer and in his new expanded role he will assume responsibility for corporate development and strategy. David Smith will continue to lead Keyera as Chief Executive Officer and a member of the Board. These changes are effective March 1, [Read more]
Oil rises for a second day as OPEC+ weighs coronavirus action
Oil futures rose for a second day on Thursday boosted by potential OPEC+ action to counter oil demand loss from the coronavirus outbreak and by optimism that trade tensions between the world's two biggest economies were easing. A technical committee advising the Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, may reach consensus on Thursday on the need to further cut oil output by at least 500,000 barrels per day (bpd), two sources told [Read more]
Sproule sees decommissioning obligations as an Alberta opportunity
Sproule presentation builds on PSAC Workforce Study and proprietary analysis to highlight how responsible decommissioning can create a new multibillion-dollar job opportunity for Alberta. Download Now [Read more]