CALGARY, March 25, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") is pleased to announce that it has entered into an asset purchase and sale agreement whereby the Corporation has divested of its Pipestone Gas Plant's 32MW cogeneration units to Kineticor Resource Corp. ("Kineticor"), a privately held power developer focused on thermal generation in Canada. Under the terms of the sale, the Corporation received a cash payment of $85 million and Kineticor [Read more]
Headlines
Robson: 97 percent wrong
If you dare raise questions about climate change, as we’re doing at the Climate Discussion Nexus, somebody will immediately try to clobber you with the claim that 97% of world scientists agree that it’s an urgent manmade crisis, unlike you idiots. But the thing is, they don’t. It’s a made-up number… and if someone is that smugly and aggressively wrong about something that important you wonder what else they don’t know. Many people assume the 97% figure is solid enough to be used as a club. [Read more]
UCP leader says ‘real tension’ lies behind Albertans’ support for secession
RED DEER, Alta. - The leader of Alberta's United Conservative Party notes that many people in the province support secession from Canada, based on what he calls "a real tension that runs through the hearts of many Albertans." The party states in a news release that a recent poll found "a shocking 50 per cent of Albertans surveyed said they support secession from Canada." Kenney says in the release that most Albertans are proud Canadians, but they will no longer tolerate the rest the [Read more]
Appeal Court to decide on B.C. pipeline law that would impact Trans Mountain
VANCOUVER - A British Columbia Court of Appeal hearing on proposed provincial legislation that would impact the Trans Mountain pipeline expansion has concluded and a panel of five judges has reserved its decision. B.C. filed the reference case to ask the court whether it can create a permitting system for companies that wish to increase the amount of heavy oil they are transporting through the province. The system would allow a provincial public servant to impose conditions on [Read more]
United Conservatives would call inquiry into foreign oilsands foes: leader
EDMONTON - The leader of Alberta's United Conservatives says he would call an inquiry into foreign-funded anti-oilsands campaigns if he were to become premier after the April 16 election. Jason Kenney calls it a fight-back strategy against those who smear Alberta's energy industry. He says the inquiry would have the legal authority to compel witnesses to testify and would start with a $2.5-million budget. Kenney's fight-back plan would also include a legal fund for First [Read more]
Crude-by-rail exports fall in January as Alberta started production cuts
CALGARY - The National Energy Board says crude-by-rail exports in January fell compared with December, but remained more than twice as high as 12 months earlier. The federal agency reports an average of 325,500 barrels per day of oil was exported by rail in January, down from 353,800 bpd in December but well above 145,700 bpd in January 2018. It says total crude oil exports by rail, pipeline and trucking fell to 3.49 million bpd in January from 3.92 million in December, but were [Read more]
U.S. oil drillers cut rigs for fifth week in a row
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a year as independent producers follow through on plans to cut spending on new drilling with the government cutting its growth forecasts for shale output.Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, General Electric Co's Baker Hughes energy services firm said in its closely followed report on [Read more]
Canada Weekly Rig Count Down 56 to 105
Western Canada’s fleet of drilling rigs decreased by 56 rigs to a total of 105 according to data collected by Baker Hughes for the week of March 22nd. From last Friday, Alberta rig counts went from 116 to 85. Saskatchewan's rig count from 27 to 3. Oil drilling went from 98 to 49; natural gas rigs went from 63 to 56. View a full breakdown of western Canada’s rig activity. [Read more]
Enerplus Corporation – Non-Core Southeastern Saskatchewan Property Divestiture
Enerplus Corporation (“Enerplus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core properties in the Weyburn, Tatagwaand Colgate areas of southeastern Saskatchewan (the “Properties”). The Company is selling the Properties in order to focus its activities on its core areas. Recent production net to Enerplus from the Properties has averaged approximately 381 barrels of oil per day (16 barrels of oil per day net to Enerplus from Weyburn, 225 barrels of [Read more]
PSAC Expresses Profound Disappointment with Federal Budget
CALGARY, AB (March 20, 2019) – The Petroleum Services Association of Canada (PSAC) today expressed its profound disappointment with the federal budget announced yesterday with no measures to address Canada’s competitiveness issues to encourage private capital investment and stimulate job creation. Gary Mar, President and CEO of PSAC says “For a government that says it wants to help middle-class Canadians, one measure put forward by PSAC that would have led to $700 million in private capital [Read more]