A few years ago, Saudi Arabia had a change of leadership at the top, and the new guy in charge decided to open up the country in some very positive ways. Major steps were taken to open up society, and clumsily heartwarming human rights gestures were even appearing, like rare flowers blooming in the desert after decades of drought. Women were suddenly acknowledged to be different than dogs, and allowed to, for example, go jogging in public, and attend soccer matches. To the relief of all, no [Read more]
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CSPG Special Publication: The Montney Play of Western Canada: Deposition to Development Vol. 1
Printed copies of this special issue are available through the CSPG office. $150 – CSPG MEMBER RATE | $300 - NON-MEMBER RATE Contact emma.macpherson@cspg.org to purchase your copy today! Full Table of Contents: Chapter 1: Tectonostratigraphic Framework Foreword: The Montney Play of Western Canada: Deposition to Development Euzen, T.F. Moslow and M. Caplan Conodont sequence biostratigraphy of the Lower Triassic Montney Formation C.M. Henderson, M.L. Golding and M.J. [Read more]
Utica Resources Announces Revised Offer to Acquire Junex Inc.
MONTREAL, July 23, 2018 /CNW/ - Utica Resources Inc. ("Utica") today announced that it has delivered to the Special Committee of the Board of Directors of Junex Inc. ("Junex") a revised offer (the "Offer") to acquire all of the outstanding common shares of Junex (the "Junex Shares"). Pursuant to the Offer, each shareholder of Junex would receive, for each Junex Share held, C$0.45 in cash (the "Cash Consideration") plus a contingent value right (the "CVR") entitling the holder thereof to receive [Read more]
Ottawa fails to secure new buyer for Trans Mountain pipeline by deadline
OTTAWA - The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer. Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22. But with that date set to pass without a deal, it was expected the pipeline company will now take Ottawa's $4.5-billion offer to purchase the project to its shareholders. Pending their approval, the [Read more]
TGS announces expansion of onshore seismic project in North America
Houston, TX (20 July 2018) - TGS announces expansion of its 2018 onshore seismic survey Dawson Phase II in Canada. Following additional client commitments, TGS is expanding its Dawson Phase II 3D by approximately 150 km2. The expansion is to the east of the previously announced program and extends from the province of British Columbia into Alberta. Dawson Phase II will now cover approximately 428 km2 in the prolific Montney shale formation. Permitting on the survey has already commenced and [Read more]
Canada Weekly Rig Count Up 14 to 211
Western Canada’s fleet of drilling rigs went up from 197 to 211 according to data collected by Baker Hughes for the week of July 20th. From one week ago, Alberta rig counts increased from 130 to 144. Saskatchewan's rig count decreased from 47 to 46. Oil drilling went from 139 to 142; natural gas rigs went from 58 to 69. View a full breakdown of western Canada’s rig activity. [Read more]
Oilfield service giants miss earnings forecasts despite soaring U.S. production
(Reuters) - Oilfield service giants Schlumberger and General Electric Co’s Baker Hughes missed second quarter revenue forecasts on Friday as slow international growth offset record production in the United States that boosted domestic demand for their services. The Houston-based companies were the first among their peers to report earnings, putting them under scrutiny from analysts seeking clues about the health of the industry. Schlumberger, the world’s largest oilfield services firm, is [Read more]
Protesters digging in at anti-pipeline camp as eviction notice expires
BURNABY, B.C. - Protesters at an anti-pipeline camp in Burnaby, B.C., say they are ready to defy an eviction notice handed out from the city. The City of Burnaby issued a 72-hour notice to those occupying "Camp Cloud" on Wednesday, but protesters say in a news release that isn't enough time to comply with concerns raised over safety. The release says Camp Cloud will not be evicted, and that the notice was wrongly issued without adequate consideration of a recent court decision or [Read more]
Baytex and Raging River File Joint Management Information Circular Seeking Shareholder Approval of Strategic Combination
CALGARY, Alberta, July 20, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) ("Baytex") and Raging River Exploration Inc. (TSX:RRX) ("Raging River") are pleased to announce that they have filed a joint management information circular and proxy statement (the "Circular") for their respective special shareholders' meetings to be held in connection with the proposed strategic combination of Baytex and Raging River pursuant to a statutory plan of arrangement under the Business [Read more]
U.S. drillers cut rigs by most since March this week
July 20 (Reuters) - U.S. energy companies this week cut oil rigs by the most since March as the rate of growth has slowed over the past month or so with recent declines in crude prices. U.S. crude prices are on track to fall for a third week in a row this week as escalating U.S.-China trade tensions threatened to hurt oil demand. Drillers cut 5 oil rigs in the week to July 20, bringing the total count down to 858, General Electric Co’s Baker Hughes energy services firm said in its closely [Read more]