U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp , turned conservative in their 2019 drilling plans due to uncertainty over a recovery in crude prices. Drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to 873, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is still much higher [Read more]
Headlines
Canada Weekly Rig Count Up 108 to 184
Western Canada’s fleet of drilling rigs increased by 108 rigs to a total of 184 according to data collected by Baker Hughes for the week of January 11th. From last Friday, Alberta rig counts went from 61 to 122. Saskatchewan's rig count went from 2 to 40. Oil drilling went from 20 to 103; natural gas rigs increased from 56 to 81. View a full breakdown of western Canada’s rig activity. [Read more]
Police and Indigenous blockades going up, work to begin again on B.C. pipeline
SMITHERS, B.C. - A convoy of work trucks passed through a police roadblock today heading to the Unist’ot’en camp to dismantle barriers that had blocked workers from starting construction on a natural gas pipeline through Wet’suwet’en territory. Senior officers in the RCMP's Indigenous liaison unit were also going to the site, which has been the centre of growing tensions in a dispute over the pipeline and Indigenous claims to the land. On Thursday, hereditary chiefs struck a deal [Read more]
Canbriam Energy Announces Executive Retirements
CALGARY, Jan. 11, 2019 /PRNewswire/ - Canbriam Energy (Canbriam) announced today the retirements of two of its founding members Gary Gardiner, Chief Operating Officer and John Nieto, Chief Technology Officer. In addition, Rob Froese, Chief Financial Officer and Art Flaws, Vice President Drilling & Completions will also retire. The retirements were effective January 7, 2019 and reflect the planned transition in leadership at Canbriam. Each individual has agreed to consult as needed through [Read more]
Athabasca Minerals Inc. Montney In-Basin Project Frac Sand Test Results
Positioning Athabasca as Leading In-Basin Frac Sand Supplier for Canadian Energy Market January 11, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) announces initial test results for the Montney In-Basin frac sand project (“MIB Project”). Montney In-Basin Frac Sand Project Location STIM-LAB Inc. and Loring Laboratories Ltd. completed testing on a 70/170 fraction size domestic sand, which had sphericity of 0.7, roundness of 0.6, acid [Read more]
NEB wants marine protection program from Trans Mountain pipeline builder
VANCOUVER - The National Energy Board would require the creation of a marine mammal protection program for the Trans Mountain pipeline in a series of draft conditions it has laid out before it considers the project. The focus of the review is to apply the Canadian Environmental Assessment Act and the Species at Risk Act to project-related marine shipping, the board says in the document. The conditions mitigate potential risks to the environment and protect the public, it says. Releasing [Read more]
Deal reached in northern British Columbia pipeline impasse
SMITHERS, B.C. - Hereditary chiefs of the Wet'suwet'en First Nation have reached a deal with the RCMP to allow a natural gas company access across a bridge that had been blocked in their territory. Following several hours of meetings, Chief Na'Moks told reporters Thursday that the agreement is between the chiefs and the RCMP to ensure the safety of the First Nation's members after 14 arrests were made on Monday when a court injunction was enforced by police. He said representatives from [Read more]
Canada regulator issues draft conditions in oil pipeline review
Canada's energy regulator released draft revisions of conditions and new recommendations on Thursday as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project. The National Energy Board proposed amendments to existing conditions related to marine safety and mammal protection, and introduced 13 new draft recommendations for comment. A final report is due by Feb. 22. Canada's Federal Court of Appeal last [Read more]
Zargon Announces Voting Results of Extraordinary Meeting of Debentureholders and Provides Strategic Alternatives Process Update
CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR; ZAR.DB.A) announces that 82.64% of holders ("Debentureholders") of its 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the "Debentures") voting at the extraordinary meeting of the Debentureholders held today (the "Meeting") have voted in favour of an extraordinary resolution pursuant to which all of the Debentures will be settled and all claims of the [Read more]
Bonterra Energy Corp. Announces 2019 Operational and Financial Budget and Operations Update for 2018
CALGARY, Jan. 10, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the Company's Board of Directors has approved an initial 2019 capital budget range of $57 to $77 million, which will ultimately be dependent on Canadian realized pricing per BOE. This capital program represents a continuous single rig drilling program and associated facility capital. Bonterra's strategic objectives associated with the 2019 capital budget [Read more]