CALGARY, Alberta, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.36 per share on its common shares, payable March 26, 2018 to shareholders of record at the close of business on March 5, 2018. This dividend represents a 12.5% increase over the prior quarter and marks 16 years of consecutive annualized dividend increases. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development [Read more]
Headlines
B.C. premier says he won’t escalate trade dispute with Alberta over pipeline
VICTORIA - British Columbia Premier John Horgan doesn't intend to respond to any provocation from Alberta in the escalating trade dispute over the Trans Mountain pipeline. Horgan said Wednesday it is not in anyone's interests to fuel the spat between the two provinces. "I hope that we would see the end of the back-and-forth," he told a news conference in Victoria. "I deliberately wasn't available to you yesterday because I don't think it's in anyone's interests to have duelling [Read more]
Bonterra Energy Corp. Announces 2017 Year End Corporate Reserves Information
CALGARY, Alberta, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) is pleased to provide the summary results of its independent reserve report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2017. Corporate Reserves Information The following summarizes certain information contained in the Sproule Report. The Sproule Report was prepared in accordance with the [Read more]
Wine war picks on small, family-owned operations: B.C. wine advocate
VANCOUVER - Western Canada's "wine war" could cost small family owned farms millions of dollars, says an advocate for British Columbia's wine industry. Alberta Premier Rachel Notley announced Tuesday that her government is banning B.C. wine in a spat between the two provinces over the expansion of the Trans Mountain pipeline. Independent producers will bear the brunt of the prohibition, said Miles Prodan, president of the B.C. Wine Institute. The Alberta government isn't [Read more]
U.S. closer to decision on sanctioning Venezuela oil: Tillerson
KINGSTON (Reuters) - The United States is closer to deciding whether to impose sanctions on Venezuelan oil, U.S. Secretary of State Rex Tillerson said on Wednesday, at the end of a five-nation tour of Latin America where he discussed the move with regional leaders. Tillerson said Canada, Mexico and the United States had agreed at a trilateral meeting last week to study what could be done to mitigate the impact of such a move. Tillerson said he had briefed President Donald Trump about the [Read more]
Trans Mountain CEO condemns B.C.’s move to restrict bitumen shipments
CALGARY - The head of Kinder Morgan Canada Ltd. has joined growing calls for the federal government to step into the dispute between Alberta and British Columbia over oil exports. Ian Anderson said Wednesday that he's pleased to hear strong and continuous words of support from Prime Minister Justin Trudeau on the company's Trans Mountain pipeline expansion project, but that at some point the federal government will have to act. "I'm expecting the federal government to help solve [Read more]
Worker killed as drilling rig moved at northern Alberta oilsands site
CONKLIN, Alta. - A worker has been killed in an energy sector accident in northern Alberta. Cenovus Energy Inc., says the accident happened late Tuesday night at its Christina Lake oilsands site, about 350 kilometres northeast of Edmonton. The company says in a release that the death involved a hauling truck and occurred as a drilling rig was being moved. The worker was employed by one of Cenovus's third-party contracting companies. Officials have not released any [Read more]
U.S. shale surge sends warning to OPEC: Kemp
LONDON, Feb 7 (Reuters) - U.S. crude oil production is set to increase by more than 1.2 million barrels per day in 2018 compared with 2017, according to the latest short-term forecasts from the U.S. Energy Information Administration. U.S. crude production will average almost 10.6 million barrels per day (bpd) this year compared with 9.3 million bpd in 2017 (“Short-Term Energy Outlook”, EIA, Feb. 6). The forecast has been revised sharply higher from less than 10.3 million bpd at the time of [Read more]
U.S. crude stocks rise on record output, fuel supply up too: EIA
(Reuters) - U.S. crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the Energy Information Administration said on Wednesday. Refinery crude runs rose by 784,000 barrels per day, EIA data showed. Refinery utilization rates rose by 4.4 percentage points. That boosted inventories of gasoline and diesel fuel heading into the less busy season, feeding concerns about supply. Oil production appeared to reach a new U.S. record, [Read more]
Premier Scott Moe says Saskatchewan will not ban B.C. wines in pipeline dispute
REGINA - Saskatchewan says it will not be joining Alberta in banning the import of British Columbia wines. Alberta Premier Rachel Notley announced the ban on Tuesday as the next step in an ongoing dispute with B.C. over the Trans Mountain pipeline expansion. In a statement on Facebook, Saskatchewan Premier Scott Moe says that while his province supports Alberta in its fight, he doesn't think the dispute will be solved by trade measures that have an impact on consumers and private [Read more]