CALGARY, March 28, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. ("Alliance"), of which it owns a 50 percent interest, has commenced a binding open season ("Open Season") for expansion capacity commitments. Alliance today announced a binding Open Season for expansion capacity commitments. The Open Season is for an estimated 400 million cubic feet per day of additional firm service, commencing at an [Read more]
Headlines
Corridor Announces 2017 Year End Results
HALIFAX, NOVA SCOTIA--(Marketwired - March 28, 2018) - Corridor Resources Inc. ("Corridor" or the "Company") (TSX:CDH) announced today its 2017 year-end financial results. Corridor's annual financial statements, annual management's discussion and analysis and Annual Information Form for the year ended December 31, 2017 have been filed on SEDAR at www.sedar.com and are available on Corridor's website at www.corridor.ca. All amounts referred to in this press release are in Canadian dollars unless [Read more]
New operating structure at Alliance Pipeline expected to result in fewer employees
CALGARY - One of the two Calgary-based pipeline companies that own Alliance Pipeline Ltd. says there will be an unspecified number of job cuts as the partners move to end its standalone management structure. Alliance says 50-50 partners Enbridge Income Fund, a division of Enbridge Inc., and Pembina Pipeline Corp. will manage Alliance through an "owner-operator model," with implementation to be completed during the summer. Enbridge spokeswoman Suzanne Wilton says "some workforce reductions" [Read more]
Burnaby appeal to Supreme Court over pipeline ‘showboating:’ Alberta premier
CALGARY - Alberta Premier Rachel Notley says a decision by the city of Burnaby, B.C., to take its fight over the Trans Mountain pipeline expansion to the Supreme Court is showboating. The city has said it will ask the country's highest court for leave to appeal a lower court ruling last week. The Federal Court of Appeal dismissed a bid by Burnaby and the B.C. government to challenge a National Energy Board decision that cleared the way for Kinder Morgan to bypass local bylaws during [Read more]
U.S. oil producer costs climb with more drilling: Fed Survey
HOUSTON (Reuters) - Oil and gas business activity continued to climb last quarter, driven by an improved oilfield services sector, but costs for goods and labor also rose, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly energy survey. About 65 percent of the 140 energy firms surveyed in Texas, southern New Mexico and northern Louisiana reported increased activity from a year ago. During that time, U.S. oil prices have climbed more than 30 percent to near $65 a barrel [Read more]
OPEC to stick to supply curbs despite oil rally
LONDON/DUBAI, March 28 (Reuters) - OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output. OPEC, Russia and several other non-OPEC producers have curbed output since January 2017 to erase a global glut of crude that had built up since 2014. They have extended the pact until the end of 2018, and meet on [Read more]
Column: Turns out Bill Nye isn’t much of a Science Guy
If you work in Canada’s oil and gas sector – or in fact any natural resource sector - you probably don’t have the media access of some of the biggest critics of your activities. Here I’m thinking of people like Leo DiCaprio, Neil Young or Jane Fonda. That’s no news flash; we know it’s just the way it’s been with celebrities who wander into discussions they don’t know much about. Sector employees and contractors, as well as indirect providers of goods and services across the country, are [Read more]
Cona Resources Ltd. Enters into Arrangement Agreement with Waterous Energy Fund
CALGARY, March 27, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announced today that, further to its March 7, 2018 news release, it has entered into an arrangement agreement (the "Arrangement Agreement") with certain affiliates of Waterous Energy Fund (collectively, "WEF") whereby WEF would acquire all of the common shares of Cona ("Common Shares") not currently owned by WEF pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the [Read more]
B.C. city to take Trans Mountain pipeline fight to Supreme Court of Canada
BURNABY, B.C. - The City of Burnaby is turning to Canada's highest court in the dispute over construction of Kinder Morgan's Trans Mountain pipeline. Mayor Derek Corrigan said Tuesday the city plans to ask the Supreme Court of Canada to consider a lower court decision that denied Burnaby leave to appeal a ruling by the National Energy Board. That ruling allowed Kinder Morgan to bypass local bylaws during construction of the pipeline expansion, which will triple the amount of diluted [Read more]
Column: Foreign oil gets free ride from feds
New documents obtained by the Canadian Taxpayers Federation show the federal government requires Canadian oil to meet a higher environmental standard than oil that is imported into Canada. How absurd is that? By putting up a big roadblock in front of Canadian oil companies, the federal government has lost out on billions of tax dollars, killed thousands of jobs and hurt businesses across Canada that sell goods and services to Canada’s energy sector. Recall that Canadian pipeline company [Read more]