The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds. The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal, and this month's approval of a giant Canadian project led by Royal Dutch Shell bolstered enthusiasm for the [Read more]
Headlines
Tidewater announces regulatory approval of pipeline to TransAlta, updates Q3 guidance and crude oil infrastructure initiatives and announces Q3 release details
CALGARY, Oct. 30, 2018 /CNW/ - Regulatory approval for TransAlta intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced 120 km natural gas pipeline connecting Tidewater's Brazeau River Complex to TransAlta Corporation's ("TransAlta") generating units at Sundance and Keephills (the "Pipeline"). The Pipeline will have [Read more]
Trans Mountain, pipelines dominate opening of Alberta legislature sitting
EDMONTON - Alberta's politicians returned to the legislature Monday and picked up right where they left off in the spring by bashing each other over pipelines. Opposition United Conservative Leader Jason Kenney accused Premier Rachel Notley's government of failing Alberta on the Trans Mountain pipeline expansion, the carbon tax and Bill C-69, which is before the Senate and would change how energy projects are assessed and approved. "Instead of following, why doesn't this government lead in [Read more]
PrairieSky Announces Third Quarter 2018 Results
CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2018. PRESIDENT’S MESSAGE Third Quarter 2018 Highlights: Total revenues of $78.1 million comprised of royalty production revenues of $71.4 million and other revenues of $6.7 million. Funds from Operations of $67.0 million ($0.29 per share basic and $0.28 per [Read more]
Canadian crude-by-rail exports rise to new record of 229,544 bpd in August
CALGARY - The National Energy Board says crude-by-rail exports from Canada rose to a record 229,544 barrels per day in August. That's up more than 11 per cent from 206,624 bpd in July and 91 per cent from just under 120,000 bpd in August 2017. Pipeline export constraints are being blamed for a glut of oil in Western Canada that have caused the price discount to peak at more than US$50 per barrel for Western Canadian Select oilsands blend versus New York benchmark West Texas [Read more]
Pieridae Eligible to Benefit From Additional Conditional Loan Support From the German Government
CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program (Bundesgarantien für ungebundene Finanzkredite). This confirmation not only satisfies a critical condition leading to the [Read more]
Gray Dusenbery Oil and Gas LP – Strategic Alternatives Process
Gray Dusenbery Oil and Gas LP (“GDOG” or the “Company”) has engaged Sayer Energy Advisors to assist with a strategic review of its business and assets. GDOG’s main producing properties are located in the Strachan-Ferrier, Ricinus, Rosevear and Cooking Lake areas of Alberta (the “Properties”). Alternatives may include but are not limited to the sale or farm-out of the Properties or a sale of the shares of the Company. The Company is a private, limited partnership founded in 2009 which presents [Read more]
Making Canada Great Again: Ignore smear campaigns, higher per capita emissions are the noble price we pay as the world’s natural resource pantry
Please send this message on to everyone in the world: Not one more word of apology. No more flustered grovelling because our per capita emissions are higher than average; they are that way for a reason. No more bowing to demands that Canada enforce outsized emissions cuts, when the reason for the emissions in the first place is that we hand other countries their building materials - we do the dirty work for them. As we wobble on our axis as an exporting nation, cross-threaded on everything [Read more]
Alberta’s Notley announces candidacy, slams Kenney in speech to NDP members
EDMONTON - Rachel Notley has made it official, announcing she will run again in the next election, touting her government's record while slamming opponent Jason Kenney as a self-serving policy huckster. "I'm am not done fighting because we have only just begun!" said Notley to a standing ovation in her keynote address Sunday to party faithful. "My name is Rachel Notley, and I am running again to be your premier!" It was one of 15 standing ovations as Notley spoke Sunday to 1,200 [Read more]
Industrial natural gas users put backup plans in action ahead of winter shortage
VANCOUVER - A natural gas shortage projected to stretch through the winter months could mean higher vegetable prices this spring, as gas users from mills to local governments hustle to conserve and find alternative fuel sources. The shortage follows a pipeline explosion near Prince George earlier this month and one of the province's largest utilities, FortisBC, says it means supply will be reduce by 50 to 80 per cent during the coldest months of the year. Linda Delli Santi, executive [Read more]