CALGARY, Jan. 11, 2019 /PRNewswire/ - Canbriam Energy (Canbriam) announced today the retirements of two of its founding members Gary Gardiner, Chief Operating Officer and John Nieto, Chief Technology Officer. In addition, Rob Froese, Chief Financial Officer and Art Flaws, Vice President Drilling & Completions will also retire. The retirements were effective January 7, 2019 and reflect the planned transition in leadership at Canbriam. Each individual has agreed to consult as needed through [Read more]
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Athabasca Minerals Inc. Montney In-Basin Project Frac Sand Test Results
Positioning Athabasca as Leading In-Basin Frac Sand Supplier for Canadian Energy Market January 11, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) announces initial test results for the Montney In-Basin frac sand project (“MIB Project”). Montney In-Basin Frac Sand Project Location STIM-LAB Inc. and Loring Laboratories Ltd. completed testing on a 70/170 fraction size domestic sand, which had sphericity of 0.7, roundness of 0.6, acid [Read more]
NEB wants marine protection program from Trans Mountain pipeline builder
VANCOUVER - The National Energy Board would require the creation of a marine mammal protection program for the Trans Mountain pipeline in a series of draft conditions it has laid out before it considers the project. The focus of the review is to apply the Canadian Environmental Assessment Act and the Species at Risk Act to project-related marine shipping, the board says in the document. The conditions mitigate potential risks to the environment and protect the public, it says. Releasing [Read more]
Deal reached in northern British Columbia pipeline impasse
SMITHERS, B.C. - Hereditary chiefs of the Wet'suwet'en First Nation have reached a deal with the RCMP to allow a natural gas company access across a bridge that had been blocked in their territory. Following several hours of meetings, Chief Na'Moks told reporters Thursday that the agreement is between the chiefs and the RCMP to ensure the safety of the First Nation's members after 14 arrests were made on Monday when a court injunction was enforced by police. He said representatives from [Read more]
Canada regulator issues draft conditions in oil pipeline review
Canada's energy regulator released draft revisions of conditions and new recommendations on Thursday as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project. The National Energy Board proposed amendments to existing conditions related to marine safety and mammal protection, and introduced 13 new draft recommendations for comment. A final report is due by Feb. 22. Canada's Federal Court of Appeal last [Read more]
Zargon Announces Voting Results of Extraordinary Meeting of Debentureholders and Provides Strategic Alternatives Process Update
CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR; ZAR.DB.A) announces that 82.64% of holders ("Debentureholders") of its 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the "Debentures") voting at the extraordinary meeting of the Debentureholders held today (the "Meeting") have voted in favour of an extraordinary resolution pursuant to which all of the Debentures will be settled and all claims of the [Read more]
Bonterra Energy Corp. Announces 2019 Operational and Financial Budget and Operations Update for 2018
CALGARY, Jan. 10, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the Company's Board of Directors has approved an initial 2019 capital budget range of $57 to $77 million, which will ultimately be dependent on Canadian realized pricing per BOE. This capital program represents a continuous single rig drilling program and associated facility capital. Bonterra's strategic objectives associated with the 2019 capital budget [Read more]
HydrEra LV Joining Services in Water Management Deal
HydrEra Water Services Canada ("HydrEra") and LV Energy Services Ltd. ("LV") are pleased to announce that the two privately-owned companies have entered into an agreement to combine their respective specialty fluid companies on December 29th, 2018. "As family owned and operated businesses, we are both extremely excited to have entered into an agreement to work hand in hand with each other. We share a common cultural make up that is founded on small town values and a common desire in the [Read more]
Seven Generations’ board approves $1.25 billion capital budget in 2019
Includes $1.1 billion to maintain production and $150 million for infrastructure and delineation projects CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Seven Generations Energy’s Board of Directors has approved a 2019 capital investment budget of $1.25 billion that is expected to be funded from operations and that, given the current price environment, strikes a reasoned balance between current production and future growth projects. “Our 2019 budget maintains our balance sheet strength [Read more]
Wet’suwet’en strike tentative deal with RCMP allowing access to protect camp
HOUSTON, B.C. - Hereditary leaders of the Wet'suwet'en First Nation have reached a tentative deal with RCMP, quelling some fears of escalation after police made several arrests at nearby checkpoint earlier this week. The chiefs say members will abide by a court injunction granting the Coastal GasLink pipeline company access to a bridge that had been blocked, if RCMP agree to leave intact the nearby Unist'ot'en healing camp in northern British Columbia. They plan to meet with RCMP [Read more]