CALGARY, Feb. 15, 2019 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter and full year 2018 financial results and provided a quarterly business update. FOURTH QUARTER AND FULL YEAR HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) GAAP earnings of $1,089 million or $0.60 per common share for the fourth quarter of 2018 and $2,515 million or $1.46 per common share for the full year [Read more]
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[Just Announced] Global Petroleum Show 2019 Election Dialogues Tues, February 26 in Edmonton, Alberta
NEW POLL & HIGH-LEVEL MEDIA DEBATES TO UNCOVER WHICH PARTY HAS THE BEST PLATFORM TO SUPPORT ENERGY INDUSTRY Join some of Alberta’s best-known media personalities who will duke it out over which party is best suited to support Alberta’s energy industry CALGARY, AB (February 14, 2019): New West Public Affairs and dmg events are proud to announce the details for the first stop in our “Global Petroleum Show 2019 Election Dialogues” media panels leading up to the 51st Edition of the 2019 [Read more]
Berkshire Hathaway takes new stake in Canada’s Suncor Energy
Warren Buffett's Berkshire Hathaway Inc said on Thursday it had taken a fresh stake in Suncor Energy Inc for the second time in about six years, sending the U.S.-listed shares of the energy major up 4 percent in after-market trading. Suncor, Canada's biggest oil and gas company, is considered one of the safest Canadian energy companies to invest in, given its integrated structure and diversified business mix. Berkshire's investment puts the Buffett stamp on Suncor and could be seen as a [Read more]
Bonavista Announces 2018 Fourth Quarter and Year End Results and 2019 Capital Plan
(TSX:BNP) CALGARY, Feb. 14, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2018. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO [Read more]
U.S. issues new rules requiring rail oil spill response plans
The U.S. Transportation Department on Thursday issued final rules requiring railroads to develop oil spill response plans and to disclose details of shipments to states and tribal governments after a series of high-profile incidents. The department's Pipeline and Hazardous Materials Safety Administration said the rules, first proposed in July 2016, would "improve oil spill response readiness and mitigate effects of rail accidents and incidents involving petroleum oil and high-hazard flammable [Read more]
TransCanada Reports Record Financial Results for 2018
Increases Common Share Dividend for Nineteenth Consecutive Year CALGARY, Alberta, Feb. 14, 2019 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income attributable to common shares for fourth quarter 2018 of $1.1 billion or $1.19 per share compared to net income of $0.9 billion or $0.98 per share for the same period in 2017. For the year ended December 31, 2018, net income attributable to common shares was $3.5 billion or $3.92 per [Read more]
Direct Oil & Gas Inc. Strategic Alternatives Process
The board of directors of Direct Oil & Gas Inc. (“Direct” or the “Company”) has engaged the services of Sayer Energy Advisors to assist the Company with a strategic alternatives process. The Company is open to reviewing all alternatives, which include, but are not limited to, a sale of some or all of the Company’s assets, a recapitalization of the Company, a sale of the Company for cash or a merger of the Company with another oil and natural gas entity. Direct is a highly focused company, [Read more]
TransCanada raises quarterly dividend, reports Q4 profit up from year ago
CALGARY - TransCanada Corp. raised its dividend as it reported its fourth-quarter profit rose compared with a year ago. The pipeline company says it will now pay a quarterly dividend of 75 cents per share, up from its previous payment of 69 cents per share. The increased payment to shareholders came as TransCanada reported a profit of $1.09 billion or $1.19 per diluted share for the quarter ended Dec. 31, compared to a profit of $861 million or 98 cents per diluted share for the [Read more]
Now and Then: Montney Hydrodynamics Takes on the #10YearChallenge
What Does the Face of Montney Hydrodynamics Look Like 10 Years Later? The Montney Distal Shelf South and North and Shelf South siltstone resource plays were in their infancies in 2008 when Canadian Discovery released its first Montney Hydrodynamics study. Vertical wells had successfully developed conventional gas and oil plays in the high permeability turbidite deposits around Valhalla /Pouce Coupe S and along the various subcrop edges in the coquinas and other high permeability shoreface [Read more]
What Does the Future Hold for Canadian Natural Gas?
Canadian Gas Dialogues – Petroleum Club, Calgary, April 23, 2019 Natural Gas World, in partnership with the Canadian Gas Association and the BOE Report, presents “Canadian Gas Dialogues”. The Canadian Gas Dialogues conference is designed to bring together the spectrum of stakeholders in the natural gas community for the exchange and sharing of insight and viewpoints on how we can collectively move forward the position of the industry in local, national and global communities. Topics under [Read more]