CAPPA Conference – October 23, 2018 – Delegates & Exhibitors – Register Now to Attend The New Landscape – Evolving with our business Date: Tuesday, October 23, 2018 Location: Telus Convention Centre Program Morning Keynote: Business at the Speed of NOW! Noon Keynote: High Performance Recovery Breakout Sessions Alberta Energy Compliance & Audit Conflict Resolution GIS & GOR – What are these? Freehold and Overriding Royalties How to achieve a leaner, [Read more]
Headlines
JV Administration & JV Analyst Certificate Courses – Fall/Winter 2018-2019 Session
Commencing August 26, 2018 with “Reading Week," the PJVA will be offering its Joint Venture Certificate of Achievement program once again, hosted in-house at the Associations Plus offices in downtown Calgary. This lecture-based program is both written and delivered by well known, respected and experienced Joint Venture professionals. The courses have been tailored to meet the needs of Western Canadian Joint Venture departments, focusing on providing participants with a foundational knowledge [Read more]
Clearview Reports First Quarter Results and Operations Update
Clearview drills and fracks its first operated, horizontal well. Bashaw acquisition increases area of focus, improves financial position and adds core competencies. Disposition reduces bank debt; lender confirms credit facility. CALGARY, Alberta, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the three months ended June 30, 2018. June 30, 2018 HIGHLIGHTS On April 16, 2018, the [Read more]
Federal Court of Appeal decision on Trans Mountain coming next week
VANCOUVER - The Federal Court of Appeal is scheduled to release its decision next week in a case that combined nearly two dozen lawsuits calling for the National Energy Board's review of the Trans Mountain pipeline to be overturned. The board, Trans Mountain and the federal government defended the project as viable during two weeks of hearings in Vancouver last fall. First Nations, including the Tsleil-Waututh, argued the federal government did not adequately consult them, although federal [Read more]
U.S. drillers cut most oil rigs in over 2 years
U.S. energy companies cut nine oil drilling rigs this week, the biggest reduction since May 2016, following a recent decline in crude prices. The oil rig count fell to 860 in the week to Aug. 24, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. U.S. crude futures , trading around $69 per barrel, were down about 7 percent so far this quarter, heading for the first quarterly decline since the second quarter last year. Prices this week [Read more]
Canada Weekly Rig Count Up 17 to 229
Western Canada’s fleet of drilling rigs increased to to a total of 229 according to data collected by Baker Hughes for the week of August 24th. From one week ago, Alberta rig counts increased from 145 to 159. Saskatchewan's rig count increased from 46 to 49. Oil drilling went from 141 to 153; natural gas rigs increased from 71 to 76. View a full breakdown of western Canada’s rig activity. [Read more]
Goldboro LNG proponent strikes deal to merge with Alberta gas producer
CALGARY - The proponent of an LNG export terminal in Nova Scotia has struck a deal to merge with an Alberta natural gas producer. In a joint news release, Pieridae Energy Ltd. CEO Alfred Sorensen says the merger with Ikkuma Resources Corp. is a key step taking it to a final investment decision on its proposed $10-billion Goldboro LNG project. Pieridae shares on the TSX Venture Exchange fell more than 24 per cent to $3.40 by noon Friday while Ikkuma stock on the same market more than [Read more]
Pieridae and Ikkuma to Complete a Business Combination
CALGARY, Aug. 24, 2018 /CNW/ - Pieridae Energy Limited (PEA-TSXV) ("Pieridae") and Ikkuma Resources Corp. (IKM-TSXV) ("Ikkuma") announce they have entered into a definitive agreement dated August 23, 2018 (the "Arrangement Agreement") providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma to be effected by way of a plan of arrangement (the "Arrangement") under section 193 of the Business Corporations Act (Alberta). The completion of the Arrangement [Read more]
Enbridge Announces Definitive Agreement to Acquire All Public Equity of Spectra Energy Partners, Advances Corporate Structure Simplification
CALGARY and HOUSTON, TX, Aug. 24, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) on behalf of itself and certain of its wholly owned US subsidiaries and Spectra Energy Partners, LP (NYSE:SEP) (SEP) today announced that they have entered into a definitive agreement ("Agreement") under which Enbridge will acquire all of the outstanding public common units of SEP on the basis of 1.111 common shares of Enbridge for each common unit of SEP ("Agreed Exchange Ratio"). The Agreed [Read more]
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
Saudi Arabia's decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say. The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the crown prince's plan to diversify the kingdom's economy beyond oil by raising $100 billion for investment in other sectors. The [Read more]