CALGARY, March 21, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity. "After being completely dedicated to the development and growth of AltaGas for [Read more]
Headlines
Encana to name Corey D. Code as Chief Financial Officer
Sherri A. Brillon announces retirement CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (NYSE, TSX: ECA) today announced the appointment of Corey D. Code as Executive Vice-President & Chief Financial Officer, effective May 1, 2019. Sherri A. Brillon, who has served as Encana’s CFO since 2009, will be retiring at the end of May 2019. “We are pleased that Corey will be joining our Executive Leadership Team,” said Doug Suttles, Encana President & CEO. “Corey has [Read more]
Register to attend ISA Calgary Show & Conference and benefit from early bird pricing
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Ahead of Alberta vote, Canada’s oil industry roots for the opposition
Canada's battered oil industry is rooting for the opposition in next month's election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party's leader could derail its hopes of an easy victory. Alberta contains Canada's vast oil sands, home to the world's third largest crude reserves. With an economy nearly the size of Ireland, the province contributes almost 15 percent of Canada's gross domestic product. But billions of dollars of foreign [Read more]
Canada says B.C.’s proposed permitting regime for pipelines is unconstitutional
VANCOUVER - A lawyer for the federal government says British Columbia is overreaching with an unconstitutional effort to regulate oil and gas shipments through its lands and waters. The B.C. Court of Appeal is hearing a reference case that asks if the provincial government can create a permitting regime for companies that transport hazardous substances through the province. Lawyer Jan Brongers says the Canadian government agrees that environmental protection is of critical importance and [Read more]
Targeted methane emission cut rules estimated to save billions, says CERI study
CALGARY - A study from the Canadian Energy Research Institute suggests the oil and gas industry could save billions of dollars if governments implement optimized methane emission reduction regulations instead of requiring the same level of cuts at every emitting source. The federal government has proposed regulations for methane emission reductions from the upstream oil and gas sector that would start early next year with the target of cutting by 45 per cent below 2012 levels by 2025 — [Read more]
Notley kicks off election Day 2 with vow to add value to Alberta’s oil and gas
EDMONTON - Alberta NDP Leader Rachel Notley has kicked off her second day of campaigning with a promise to get more value out of the province's oil and gas products. She announced the plan at an Edmonton-based fabrication and engineering company. It aims to unlock $75 billion in investment, create 70,000 jobs and significantly increase the amount of petroleum processed in-province by 2030. Notley says that will be achieved — if the NDP are re-elected — by doubling [Read more]
InPlay Oil Corp. Announces its 2018 Financial, Operating and Reserves Results Highlighted by a 22% Increase in Light Oil and Liquids Growth over 2017
CALGARY, Alberta, March 20, 2019 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2018, and the results of its independent oil and gas reserves evaluation effective December 31, 2018 (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”). InPlay’s audited annual financial statements and notes, as well as management’s discussion and [Read more]
Pipestone Energy Corp. Announces Progress on Its Development Program and a Significant Increase in the Value of Its Reserves and Resources
CALGARY, Alberta, March 20, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to provide an operational update as well as updated reserves and resources information effective as of January 4, 2019, which was the closing date of the amalgamation (the “Amalgamation”) of Pipestone Oil Corp. (“Pipestone Oil”) and Blackbird Energy Inc. (“Blackbird”). A conference call has been scheduled for Wednesday, March 20th at 9:00 a.m. [Read more]
XI Technologies: March 2019 Expiring Land Report – Are there opportunities for you?
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. This week let's take a look at expiring lands. According to AssetBook data, these are the top 25 companies with expiring lands over the next six months. From this data, AssetBook allows you to easily identify and rank [Read more]