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]
Headlines
Leaders of NDP, United Conservatives rally troops in key Calgary battleground
CALGARY - It was back to the future at a United Conservative campaign rally in Calgary where leader Jason Kenney stirred up the crowd by talking about the old national energy program. Kenney reminded supporters last night that the NEP brought in by former prime minister Pierre Trudeau in 1980 ravaged Alberta's energy industry and economy. And he says the policies of Alberta's NDP government and Prime Minister Justin Trudeau have been doing the same thing. Kenney says Premier Rachel [Read more]
Late bidding war drives Stampede sponsorship auction to $3.29M bid total
CALGARY - An unexpected late bidding war for the right to sponsor veteran driver Troy Dorchester helped push the annual Calgary Stampede chuckwagon canvas auction to a $47,000 higher total than last year. Sponsorship bids for the 36 rigs competing at the annual tribute to cowboy culture totalled $3.29 million at the end of the event on Thursday night, up from $3.24 million raised at the 2018 auction — but well short of the record of just over $4 million pledged in 2012. The auction is [Read more]
Eagle Energy Inc. Announces 2018 Annual Results and Reserves Information
CALGARY, March 21, 2019 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") today reports its financial and operating results and its reserves information for the year ended December 31, 2018. When reflecting on 2018, Wayne Wisniewski, President and Chief Executive Officer, stated, "Eagle continues to execute its previously announced plan to reduce debt and corporate costs. Our 2018 full year administrative expenses, excluding one-time costs associated with the Salt Flat and Twining dispositions, [Read more]
Granite Oil Corp. Reports Year End 2018 Financial Results
CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to release its financial results for the year ended December 31, 2018. Granite has filed its audited financial statements for the year ended December 31, 2018, and related Management Discussion & Analysis with the applicable Canadian securities regulatory authorities. Granite's annual financial materials may be viewed in their entirety on www.sedar.com and on [Read more]
B.C. legislation targets Trans Mountain, say proponent and Alberta government
VANCOUVER - Environmental legislation proposed by British Columbia is specifically targeting the Trans Mountain pipeline expansion and would significantly impact it, the project's proponent and the Alberta government argued Thursday. The B.C. Court of Appeal is hearing a reference case that asks whether the government can amend its Environmental Management Act to create a permitting system for companies that increase the amount of heavy oil they're transporting through the province. B.C. [Read more]
Humans are causing climate change, but those who disagree welcome in UCP: Kenney
CALGARY - The leader of Alberta's United Conservatives says he believes humans are causing climate change and action is needed to tackle it, but those who disagree still have a place in the party. "There's a spectrum of views about this. This is not a party with some kind of rigid, ideological orthodoxy that everybody has to sign up to," he said in Calgary on Thursday after laying out his plan to fight for the energy sector. "I think broadly the United Conservatives accept the scientific [Read more]
Kenney promises vote on equalization in 2021 if no pipeline progress
CALGARY - The leader of Alberta's United Conservatives is promising a referendum on equalization if there's no major progress on market-opening pipelines. Jason Kenney says if he becomes premier the matter would be put to voters on Oct. 18, 2021 — the same date as the next municipal elections in Alberta. The federal equalization program is meant to even out fiscal disparities between so called "have" and "have-not" provinces. Despite its economic doldrums, Alberta remains a "have" [Read more]
Altura Energy Inc. Announces Fourth Quarter and 2018 Financial and Operating Results
CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2018. The audited consolidated financial statements and related management’s discussion and analysis ("MD&A") are available at www.sedar.com and www.alturaenergy.ca. Selected financial and operating information for the fourth quarter and year ended December 31, 2018 [Read more]
Hillcrest Oil Production Climbs
March 21, 2019 / TheNewswire / VANCOUVER, B.C. - As previously announced by Hillcrest Petroleum Ltd. ("Hillcrest" or the "Company") the upgraded West Hazel production facility is in operation, and production started from 2 wells on January 13th and January 15th, respectively. Initial fluid production rates from both wells were as expected. Production from a 3rd well was brought on line in early March when weather conditions softened after an extreme record-breaking cold snap. Production over [Read more]