CALGARY, Sept. 4, 2018 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer (COO). Mr. Yee joined MEG in 2004, and has been instrumental in the Company's technical leadership and operational success in the thermal development of its Christina Lake asset. "Under Chi-Tak's leadership, MEG's operational [Read more]
Headlines
Kinder Morgan to Apply Trans Mountain Proceeds to Debt Reduction
Announces Intention to Vote its Shares in Support of KML Board Proposals HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Kinder Morgan, Inc., (NYSE: KMI) today announced its intention to vote in favor of the Kinder Morgan Canada Limited (TSX: KML) board’s proposals that will facilitate the distribution of approximately $2.0 billion of Trans Mountain net sale proceeds as a return of capital to KMI; and reiterated its intention to use the proceeds to pay down debt. As a result, KMI currently [Read more]
Cation Capital Comments on Continued Value Erosion at Crescent Point Energy
Letter to Shareholders Lays Out Continued Failures of Governance, Leadership and Accountability at Company Cation Calls for Board Chair Bannister to Resign or be Replaced, and for Urgent Search and Appointment of Experienced, External CEO Cation Will Host Town Hall Conference Call for all Crescent Point Shareholders to Express Concerns and Ideas Regarding their Investment CALGARY, Alberta--(BUSINESS WIRE)--$CPG #CPG--Cation Capital Inc. (together with its affiliates and associates, “Cation [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Aug. 31 Gas Field Operator Roska DBO Fort St. John Aug. 31 Plant/Board Operator Roska DBO Grande Prairie Aug. 30 Drafting [Read more]
Kelt Provides an Update on Its 2018 Capital Expenditure Program
CALGARY, Alberta, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is providing details relating to its capital expenditure plans for the second half of 2018. The Company has elected to redirect capital to several projects previously planned for 2019. This capital will become available as a result of delaying the completion of the five-well pad that has been drilled in its Fireweed property in British Columbia, as well as the pipeline infrastructure [Read more]
MEG Energy Releases CEO Letter to Shareholders
CALGARY, Sept. 4, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") releases letter from Derek Evans, President and CEO, to MEG Energy Shareholders. Dear Shareholder: As the new President and CEO of MEG Energy, I am writing to you today to share my enthusiasm for your company, and where senior management and I, along with the Board, will be focusing our efforts going forward to create shareholder value. It was obvious to me, long before I joined the company, that MEG [Read more]
Fuelled expands its energy marketplace into Saskatchewan with new production and facility equipment agreement
Today, Fuelled, Canada's leading energy equipment marketplace, announced a new agreement with a Saskatchewan based private oil and gas company (“Privateco”) to act as the exclusive sales agent for the organization's surplus energy equipment. This agreement will allow Privateco to sell their surplus equipment globally, with the ease and efficiency of Fuelled’s e-commerce platform. Highlights of this equipment include over 22,000 horsepower of compression, large diameter separators and 12 [Read more]
Natural Resources committee meeting today to talk about pipeline decision
OTTAWA - Federal MPs on the natural resources committee will meet this afternoon for an emergency session to discuss last week's game-changing court decision to tear up federal approval of the Trans Mountain pipeline expansion project. The meeting comes at the request of the three Conservatives and one New Democrat MP who sit on the committee. A federal court last week ruled consultation with Indigenous communities was not robust enough for the approval to be valid. The court also said [Read more]
Rising oil price expected to spur spending by small, intermediate producers
CALGARY - Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall. Producers say last week's steady march by U.S. benchmark West Texas Intermediate oil prices to higher than US$70 per barrel, a level last seen in early July, will encourage some to open their wallets. "A lot of us spent a fair bit of our capex for the year in the [Read more]
Despite the current struggles of natural gas producers in Canada, analysts believe the outlook for the sector is improving
Still, questions arise on how the outlook may be improving. Clearly, monetization of NGLs has become an important component of WCSB producers profitability. For liquids rich natural gas producers, are cost advantaged feedstocks enough? While operating conditions in Canada are very favorable compared to US jurisdictions, do combined US local, state and federal investment support create a US counter-advantage? How does US Competition square up vrs Western Canada. How much demand will new [Read more]