Headlines

The Canadian Association of Petroleum Landmen is pleased to host Mr. Tom Olsen of the newly founded Canadian Energy Centre at the Calgary Petroleum Club, Thursday, January 23, 2020. Join us at one of the first public appearances of Mr. Olsen, set to discuss the objectives of the Centre and the facts regarding Canada's energy story. Mr. Olsen is focused on improving Canadian energy industry perception and allowing Canada to take control of its energy story through promoting energy literacy, [Read more]

VANCOUVER, B.C. - January 6, 2020 - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) is pleased to announce that, effective January 1, 2020, Aaron Triplett was appointed as its new Chief Financial Officer and Corporate Secretary. Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated experience in the field of financial management and accounting, specializing in forecasting, compliance and risk management, and the development and [Read more]

Oil prices shot more than 1% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East. U.S. West Texas Intermediate crude was at $63.47 a barrel, up 45 cents, or 0.73%, after touching $64.44 earlier, the highest since April. Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday's settlement. The gains extended [Read more]

Universal Geomatics Solutions Corp. Board of Directors has voted in favour of the development of an integrated Environmental Sustainability Program, to begin in January 2020. The global investment community is becoming increasingly socially conscious in screening investment opportunities, and the impact of this reality on the oil and gas industry has been significant. It is evident that many oil and gas companies are not only enhancing their Environmental, Social, and Governance (ESG) [Read more]

VANCOUVER - A First Nation in British Columbia has served a company that wants to build a natural gas pipeline through its territory an eviction notice. Wet'suwet'en First Nation issued the notice Saturday night to Coastal GasLink for an area within their traditional territory near Huston, B.C. The letter, signed by a number of chiefs, says workers are "currently trespassing" on its unceded territory. Jen Wickham, a spokeswoman for one of the five clans that make up the First Nation, [Read more]

CALGARY - A veteran of Canada's ailing oilpatch is hoping a new product drawn from deep under Prairie grain fields will provide a natural resource boom for Western Canada. Marlon McDougall, 59, says he wasn't interested when first approached last year to join a junior exploration company. After 35 years in the oil and gas industry, he had grown frustrated by its multiplying headaches, including environmental criticism, pipeline constraints, regulatory burdens and the need to [Read more]

Canada’s fleet of active drilling rigs shrank from 99 to 85 since last week according to data from Baker Hughes. Total drilling count was 85 at January 3. 27 rigs were drilling for oil; 58 for natural gas. The drilling activity in Alberta remained at 64 from last week.  Saskatchewan’s drilling declined from 22 to 8 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

U.S. energy firms reduced the number of oil rigs operating for the second straight week as producers follow through on plans to slash spending on new drilling. Drillers cut 7 oil rigs in the week to Jan. 3, bringing the total count down to 670, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 877 active rigs. Even though the number of rigs drilling new wells has fallen in 2019, U.S. oil output has continued to [Read more]

U.S. natural gas futures slightly extended gains on Friday following the release of a federal government report showing a storage draw in line with expectations. Traders noted that the market had risen in thin trade earlier in the day as traders covered shorts despite forecasts of even milder weather. The U.S. Energy Information Administration (EIA) said utilities pulled 58 billion cubic feet (bcf) of gas from storage during the week ended Dec. 27. The report, normally released on [Read more]