Increases Common Share Dividend for Nineteenth Consecutive Year CALGARY, Alberta, Feb. 14, 2019 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income attributable to common shares for fourth quarter 2018 of $1.1 billion or $1.19 per share compared to net income of $0.9 billion or $0.98 per share for the same period in 2017. For the year ended December 31, 2018, net income attributable to common shares was $3.5 billion or $3.92 per [Read more]
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Direct Oil & Gas Inc. Strategic Alternatives Process
The board of directors of Direct Oil & Gas Inc. (“Direct” or the “Company”) has engaged the services of Sayer Energy Advisors to assist the Company with a strategic alternatives process. The Company is open to reviewing all alternatives, which include, but are not limited to, a sale of some or all of the Company’s assets, a recapitalization of the Company, a sale of the Company for cash or a merger of the Company with another oil and natural gas entity. Direct is a highly focused company, [Read more]
TransCanada raises quarterly dividend, reports Q4 profit up from year ago
CALGARY - TransCanada Corp. raised its dividend as it reported its fourth-quarter profit rose compared with a year ago. The pipeline company says it will now pay a quarterly dividend of 75 cents per share, up from its previous payment of 69 cents per share. The increased payment to shareholders came as TransCanada reported a profit of $1.09 billion or $1.19 per diluted share for the quarter ended Dec. 31, compared to a profit of $861 million or 98 cents per diluted share for the [Read more]
Now and Then: Montney Hydrodynamics Takes on the #10YearChallenge
What Does the Face of Montney Hydrodynamics Look Like 10 Years Later? The Montney Distal Shelf South and North and Shelf South siltstone resource plays were in their infancies in 2008 when Canadian Discovery released its first Montney Hydrodynamics study. Vertical wells had successfully developed conventional gas and oil plays in the high permeability turbidite deposits around Valhalla /Pouce Coupe S and along the various subcrop edges in the coquinas and other high permeability shoreface [Read more]
What Does the Future Hold for Canadian Natural Gas?
Canadian Gas Dialogues – Petroleum Club, Calgary, April 23, 2019 Natural Gas World, in partnership with the Canadian Gas Association and the BOE Report, presents “Canadian Gas Dialogues”. The Canadian Gas Dialogues conference is designed to bring together the spectrum of stakeholders in the natural gas community for the exchange and sharing of insight and viewpoints on how we can collectively move forward the position of the industry in local, national and global communities. Topics under [Read more]
US Gulf Coast crude prices rise on falling imports, rising Cushing supply
U.S. Gulf Coast crude prices climbed sharply this week after fog-related port closures slowed the nation's crude imports and as supplies rose at the U.S. storage hub in Cushing, Oklahoma, traders and analysts said on Wednesday. Buyers bid up U.S. coastal grades like Light Louisiana Sweet and Mars Sour after imports fell to the lowest in more than two decades last week, the result of several days-long Gulf Coast port closures, refinery maintenance and slumping Canadian crude-by-rail shipments, [Read more]
Western Energy sends drilling rig to southern U.S. as Canadian activity dries up
CALGARY - Drilling companies continue to move rigs from Western Canada to the more active oilfields of the southern United States. Calgary-based Western Energy Services Corp. says it moved a drilling rig from Canada to the U.S. Permian Basin oil play in western Texas and southeastern New Mexico early this year and will likely move more rigs in the near future. It says the addition took its U.S. drilling fleet to eight rigs, including a drilling rig purchased and upgraded in the [Read more]
Encana completes acquisition of Newfield Exploration to create North America’s premier resource company
CALGARY, Alberta, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) announced today that it has completed its acquisition of Newfield Exploration Company (Newfield) (NYSE: NFX) in an all-stock transaction. “This acquisition creates North America’s premier resource company with large-scale positions in the core of the Permian, Anadarko and Montney,” said Doug Suttles, Encana President & CEO. “Our multi-basin portfolio provides tremendous investment optionality to [Read more]
Aureus Energy Services Inc. Completes Strategic Acquisition of Amperage Energy Inc.
CALGARY, Feb. 13, 2019 /CNW/ - Aureus Energy Services Inc. ("Aureus") is pleased to announce it has acquired all of the outstanding shares of Amperage Energy Inc. ("Amperage"). This strategic acquisition will allow Aureus to extend its service offerings from upstream water sourcing, water transfer, heating and hot oil services to the proven and cost-effective treatment of produced, H2S and flowback water. This acquisition cements Aureus as an industry leader in the fluid management business, [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2018 Year-End and Fourth Quarter Results, 2018 Reserves Highlights, 2019 Capital Program and Increased Common Share Dividend
CALGARY, Alberta, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2018 year-end and fourth quarter financial and operational results, highlights from its independent reserves evaluations effective December 31, 2018, its 2019 capital program and a 5% increase to its quarterly common share dividend. Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “We executed on our business [Read more]