CALGARY - The Alberta Energy Regulator has approved a tailings pond management plan for oilsands miner Syncrude Canada despite its reliance on a remediation method that isn't endorsed by the agency. The regulator requires that all oilsands mine producers outline how they will deal with the toxic storage ponds that together cover more than 220 square kilometres and contain almost 1.2 trillion litres of water contaminated with oil, chemicals and fine clay particles. The AER says Syncrude's [Read more]
Headlines
GuildOne Introduces Thunderbird Consensus – Indigenous Rights, Truth & Reconciliation on Blockchain
Project heralds a new era in Indigenous business and community development. CALGARY, ALBERTA – (GLOBE NEWSWIRE – June 14, 2018) - GuildOne Inc. (“GuildOne” or the “Company”), the pioneering Canadian technology company who released the first commercial network using blockchain to transact an energy smart contract, is announcing the Thunderbird Consensus, a project focused on removing contract disputes in First Nations’ royalty payments. The Thunderbird Consensus is a collection of data [Read more]
Hillcrest Appoints Chief Operating Officer and is Approved as Operator in Saskatchewan
VANCOUVER, B.C. - The Company is pleased to announce the appointment of Dale Miller to the position of Chief Operating Officer, effective immediately. Mr. Miller brings over 35 years of Canadian oil and gas operating experience across the Western Canadian Sedimentary basin, building oil and gas companies through production and field development as well as acquisitions and divestments. Mr. Miller has been engaged to establish and manage Hillcrest’s Canadian oil and gas operations, including [Read more]
Iron Bridge Recommends Shareholders REJECT Velvet Energy’s Hostile Offer
Velvet’s Predatory Offer Significantly Undervalues Iron Bridge Shareholders’ Investment Offer Transfers Substantial Upside from Gold Creek Oil-Rich Montney Play to Velvet, at the Expense of Iron Bridge Shareholders Iron Bridge’s Growth Outlook is Strong, Its Asset is Highly Economic, It has Access to Capital and It is Stewarded by an Experienced Management Team to Execute on Value Creation White Knight and Strategic Capital Partners Are Already Emerging; a Superior Alternative Could [Read more]
TransCanada Appoints New Independent Director
CALGARY, Alberta, June 13, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced the appointment of a new independent director, Randy Limbacher, effective June 13, 2018. Since 2017, Mr. Limbacher has been the chief executive officer of Meridian Energy LLC, a Houston-based energy advisory firm. From 2013 to 2017, Mr. Limbacher was the vice-chairman, president and chief executive officer of Samson Resources Corporation. He also served as chairman, [Read more]
Saturn Oil & Gas Inc. Announces Flow-Through Brokered Private Placement Co-led by Canaccord Genuity and Gravitas Securities
SASKATOON, Saskatchewan, June 13, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that it has amended the terms of its brokered private placement unit offering announced on May 14, 2018 to engage Gravitas Securities Inc. ("Gravitas") to act as co-lead with Canaccord Genuity Corp. ("Canaccord") (Gravitas and Canaccord are collectively the "Agents") and to amend the offering to offer, on a commercially reasonable efforts [Read more]
Georox Completes Acquisition of Producing Oil and Gas Interests in Southwest Saskatchewan and Southeast Alberta
Kelowna, British Columbia (FSCwire) - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) is pleased to announce that it has completed its previously announced agreement to acquire certain high working interest producing oil (~94%) and natural gas (~6%) interests in Southwest Saskatchewan (Luseland, Hearts Hill and Cuthbert) and Eastern Alberta ( Cuthbert), from arm's-length private vendors (the "Acquisition" or the "Transaction"). Georox was Transaction lead, having [Read more]
Alberta oilsands project wins regulator approval despite Indigenous objections
CALGARY - A northern Alberta oilsands project has been approved by the Alberta Energy Regulator over the objections of local Indigenous people who say it will encroach on sacred lands and poses a risk to their drinking water. The 10,000-barrel-per-day steam-driven Rigel oilsands project proposed by privately-held Prosper Petroleum Ltd. of Calgary is in the public interest, the AER said in a decision posted on its website. Construction is expected to cost $390 million, with an additional [Read more]
Trump, Iran spar over oil prices ahead of OPEC meeting
WASHINGTON/LONDON (Reuters) - U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in a tweet that said oil prices are too high and that the cartel was “at it again.” Oil prices have risen by around 60 percent over the [Read more]
AltaGas sells 35% of B.C. hydro operation, will remain majority owner
CALGARY - AltaGas Ltd. says it has an agreement to sell 35 per cent of its interest in a B.C. hydroelectric operation for $922 million but will remain the majority owner of the power generation facilities. The Northwest British Columbia Hydro Electric Facilities are in Tahltan First Nation territory. They include three operating hydroelectric power generation plants that sell their output to BC Hydro under separate 60-year purchase agreements. The buyer is a joint [Read more]