SURREY, B.C. - The RCMP will review the actions of officers who arrested 14 people at an Indigenous pipeline blockade in northwestern British Columbia, and will also erect a temporary detachment to maintain safety in the area. The Mounties enforced a court injunction Jan. 7 allowing Coastal GasLink workers and contractors access to a work site where a natural gas pipeline is planned near Houston, B.C. Assistant commissioner Eric Stubbs held a news conference Monday to provide more details [Read more]
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Alberta premier fed up with federal government for inaction on oil and gas
CALGARY - Alberta Premier Rachel Notley expressed frustration again Monday about a lack of progress in completing the Trans Mountain pipeline. Notley's comments came after a federal cabinet shuffle that left Natural Resources Minister Amarjeet Sohi in his portfolio. She said that's probably a good thing as removing Sohi before the outcome of a court-ordered Indigenous consultation by the National Engery Board would be likely to cause even further delay. "Albertans still need the federal [Read more]
Gear Energy Ltd. Provides First Half 2019 Capital Guidance
CALGARY, Jan. 14, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) is pleased to provide the following update to shareholders. FIRST HALF 2019 BUDGET Gear is pleased to announce a first half 2019 capital budget of $10 million, targeting a strategic balance between production stability, maximizing revenue, and further improvement of the balance sheet. Management and the Board of Directors of Gear believe that this plan will provide a foundation for growth to follow, pending the anticipated [Read more]
Duvernay Rights Divestiture: Blackspur Oil Corp. – Pembina area of Alberta
Sayer Energy Advisors has been engaged to assist Blackspur Oil Corp. (“Blackspur” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Pembina area of Alberta (the “Property”). Blackspur holds working interests in 95 sections (82 net) of prospective Duvernay oil rights located in the Pembina area of Alberta. The Company holds a 100% working interest in most of the lands on the Property, holding working interests of 50% and 80% in some of the lands. The [Read more]
Surge Energy Inc. Announces 2019 Capital Budget and Production Guidance
CALGARY, Jan. 14, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its Board of Directors has formally approved the Company's 2019 capital budget, production and operation guidance. Surge's 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend. 2019 GUIDANCE; SUSTAINABLE PRODUCTION WITH FLEXIBILITY TO GROW Given the recent extreme volatility in [Read more]
Used CAT 3608 Package available at up to 65% off the price of new
Details: 2285 HP Reciprocating 3-stage, sweet Fits a large number of shale gas gathering applications Available as is (~35% of new) or fully-refurbished and warranted (~65% of new) For more information: Email: lcrawford@compassnrg.com Phone: 403-520-5801 compassnrg.com [Read more]
Canada, First Nations express concern over U.S. Arctic drilling plans
The Canadian government, two territories and several First Nations are expressing concerns to the United States over plans to open the calving grounds of a large cross-border caribou herd to energy drilling, despite international agreements to protect it. "Canada is concerned about the potential transboundary impacts of oil and gas exploration and development planned for the Arctic National Wildlife Refuge Coastal Plain," says a letter from Environment Canada to the Alaska office of the U.S. [Read more]
Husky taking steps to resume SeaRose operations two months after oil spill
ST. JOHN'S, N.L. - A Canadian oil and gas company says it's working to reassure regulators that it can resume safe operations, two months after a massive oil spill at one of their offshore oil production sites. Work at the site of Husky Energy's SeaRose production vessel has been halted since an estimated 250,000 litres of oil spilled into the ocean on Nov. 16 at the White Rose oilfield, about 350 kilometres off the coast of St. John's, N.L. In a release on Friday, Husky said the company [Read more]
Heavy crude differential widens slightly after narrowing all week
The Canadian heavy oil differential widened slightly against the West Texas Intermediate (WTI) benchmark on Friday, after narrowing throughout the week: * Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, settled at $7.45 a barrel below WTI crude futures , wider than Thursday's settle of $7.35 below WTI, according to Net Energy Exchange. * But the intraday price of $6.95 is the smallest discount on Canadian heavy crude to WTI since June 2015, [Read more]
U.S. oil drillers cut rigs for second week in a row
U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp , turned conservative in their 2019 drilling plans due to uncertainty over a recovery in crude prices. Drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to 873, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is still much higher [Read more]