CALGARY, Nov. 30, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce the completion of the sale of Shell Overseas Holdings Limited's ("Shell") 45% interest in the Corrib Natural Gas Project in Ireland ("Corrib") to Nephin Energy Holdings Limited (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and the transfer of operatorship to Vermilion. NEHL has acquired 100% of Shell E&P Ireland Limited ("SEPIL"), which holds 45% [Read more]
Headlines
Husky Energy Appoints Chief Financial Officer
CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has announced the appointment of Jeff Hart as Chief Financial Officer (CFO). “Jeff is already an integral member of our executive management team, having served as our Acting CFO since April 2018, and has extensive experience in progressively senior finance roles at Husky,” said CEO Rob Peabody. “As such, he is well positioned to ensure the successful execution of our five-year-plan.” Prior to [Read more]
Calling Seminar Facilitators
Calling Seminar Facilitators – Do you have a high level of expertise in measurement, land, land admin, joint venture, marketing, engineering, field services, finance or specialized production accounting functions that would be of interest to PAs? Seminar Request for Proposals [Read more]
Canadian Spirit Resources Inc. Announces Third Quarter 2018 Financial Results and Grant of Stock Option
CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2018. In addition, CSRI announces that it has granted, effective November 28, 2018, options to acquire 300,000 common shares of the Corporation in accordance with the terms and conditions of the [Read more]
Prairie Provident Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted for filing the Company's notice of intention to make a normal course issuer bid ("NCIB"). The NCIB effectively renews the existing NCIB, which is scheduled to end on November 30, 2018. Pursuant to the renewed NCIB, Prairie Provident may purchase from time to time up to a maximum of 5,000,000 common shares, at [Read more]
Ensign Completes Payment for Trinidad Shares Tendered at Initial Offer Expiry, Confirms Ownership of Approximately 66.73% of Trinidad Shares, and Urges Remaining Trinidad Shareholders to Tender Today to Receive Payment Promptly
Ensign releases funds to the Depositary and to CDS in payment for Trinidad shares taken up; shareholders should receive funds within days. Surpassing the 66 2/3% mark ensures that Ensign will be able to complete a subsequent acquisition transaction to acquire the remaining Trinidad Shares. Trinidad shareholders urged to tender their shares immediately to receive their funds promptly and avoid the delay of a subsequent acquisition transaction, whose outcome is assured. Shareholders who [Read more]
Petroshale Announces Financial and Operating Results for the Third Quarter of 2018 and Executive Appointment
CALGARY, Nov. 29, 2018 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018. The Company's unaudited consolidated financial statements and [Read more]
Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials
TORONTO - Alberta needs to buy as many as 7,000 rail cars if it wants to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade Thursday, Notley said her province is prepared to buy roughly 80 locomotives, with each train pulling 100 to 120 cars. This extra capacity will allow the province to transport 30 per cent more crude-by-rail than current levels, and would help narrow the price gap by $4 a [Read more]
New Brunswick to intervene in Saskatchewan court challenge of carbon tax
FREDERICTON - The New Brunswick government has filed a notice of intervention in Saskatchewan's court challenge of the federal government's carbon pricing plan. Saskatchewan's government has asked its Court of Appeal to rule on whether the federal plan is constitutional. A notice sent to the court Thursday reads: "This is to advise that the Attorney General of New Brunswick intends to intervene in the Matter of the Greenhouse Gas Pollution Pricing Act, Bill C-74, Part V, and in [Read more]
Lacey: Crisis mode – It’s time to get ‘er done
Yesterday was an interesting day in that both the NDP and the UCP came out with speaking points as it relates to the current differential crisis in Alberta. Premier Notley announced that Alberta will buy rail cars to move oil, albeit the effect won’t be until a year from now, and Jason Kenney came out and saying that the government needs to implement a temporary, mandatory production curtailment in response to the current differential environment. There has been a mixed response to the various [Read more]