CALGARY - A Calgary company proposing to build a US$10-billion LNG export facility in Oregon says the project timeline is being delayed by about a year. Pembina Pipeline Corp. says it has decided to minimize project spending at about $50 million this year as it tries to vault remaining regulatory and permitting hurdles for the Jordan Cove liquefied natural gas project at Coos Bay, Ore., and a related 370-kilometre pipeline. The reduced level of work is expected to result in construction [Read more]
Headlines
Ex-Obama envoy Heyman details ‘ice age’ with Harper over Keystone pipeline
OTTAWA - Barack Obama's former envoy to Ottawa has pulled back the veil on how the previous Conservative government of Stephen Harper froze him out over the controversial Keystone XL pipeline. Bruce Heyman, who was the U.S. ambassador to Canada from 2014 to 2017, offers an on-the-record insider account of one of the worst-kept secrets in Ottawa diplomatic circles in a new book penned with his wife, Vicki. Harper had staked a lot of his government's reputation on getting U.S. approval for [Read more]
Energy company’s bankruptcy may show lenders viewing industry differently: CAPP
The bankruptcy of an energy company that plans to walk away from thousands of gas wells may be a sign lenders are changing how they look at the industry in light of a recent Supreme Court ruling. "The credit industry is evolving the way it looks at risk," said Brad Herald, a vice-president with the Canadian Association of Petroleum Producers. "We knew there could be some increased defaults because of that evolving assessment." On Wednesday, Trident Exploration of Calgary announced it was [Read more]
Alberta’s ‘turn-off-taps’ law makes gas price jumps and shortages real
VICTORIA - Get ready for higher gasoline prices and shortages in British Columbia and a supply surplus on the Prairies if Alberta Premier Jason Kenney uses a newly proclaimed law to restrict fuel exports to its western neighbour, say industry experts and court documents. "The one wild card factor that we really can't predict is the political factor: would, in fact, the Alberta government actually put in effect, in practice, the curtailment of gasoline and diesel shipments from Alberta to the [Read more]
Pembina Pipeline Corporation Reports First Quarter Results
Pembina reports first quarter results and announces a five percent dividend increase All financial figures are in Canadian dollars unless noted otherwise. CALGARY, May 2, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2019. Financial and Operational Overview 3 Months Ended March 31 ($ millions, except where noted) [Read more]
Bonavista Energy Corporation Announces 2019 First Quarter Results
(TSX:BNP) CALGARY, May 2, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS Through the first [Read more]
Baytex Announces First Quarter 2019 Financial and Operating Results
CALGARY, Alberta, May 02, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). “This marks the first quarter where we have demonstrated the benefit of the Baytex and Raging River combination as we have increased our operating netback, delivered meaningful free cash flow and started to strengthen our balance sheet. Our first [Read more]
Crew Energy Inc. Announces First Quarter 2019 Financial and Operating Results
CALGARY, May 2, 2019 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three month period ended March 31, 2019. Crew's Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three month period ended March 31, 2019 are available on Crew's website and filed on SEDAR at www.sedar.com. Q1 2019 HIGHLIGHTS Production of 23,222 boe per day: Volumes were 4% higher than the [Read more]
Suncor still opposed to Alberta oil cuts despite ‘slightly positive’ Q1 impact
CALGARY - Suncor Energy Inc. remains a foe of the Alberta government-ordered oil production curtailments, but new CEO Mark Little says the program was actually "slightly positive" for the company's financial results in the first quarter. The Calgary-based oilsands producer and refining giant says net income for the first three months of the year beat analyst expectations thanks to higher oil prices, record downstream results, growing oilsands production and a $264-million after-tax insurance [Read more]
Ahead of Trudeau meeting, Kenney calls assessment bill a threat to unity
OTTAWA - Alberta Premier Jason Kenney says if the federal bill overhauling environmental assessments passes in its current form it will threaten Canadian unity and there will be "an immediate constitutional challenge." Kenney is at the Senate energy committee this morning to talk about Bill C-69, which he calls the "no more pipelines" bill. He is telling the committee the bill flagrantly violates Alberta's constitutional right to regulate its natural resources. The legislation [Read more]