CALGARY, Alberta, Nov. 21, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR; ZAR.DB.A) announces a proposed transaction to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the "Debentures") for equity (the "Transaction"). THE PROPOSAL The Company intends to make a proposal to the holders (the "Debentureholders") of the Debentures pursuant to which all of the Debentures [Read more]
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Pulse Oil Corp. reports strong oil prices for Bigoray production
CALGARY, Nov. 21, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) reported today the Company has recently received the highest oil price per barrel for its Bigoray crude oil since the Company acquired its first oil and gas interest in October 2016. Pulse's most recent sales of crude oil the past two months, and accounting for 93% of the Company's liquid production, received CDN$79.23 per barrel and CDN$80.29 per barrel, respectively, for its light/medium 380 [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Nov. 19 Regional Controls Specialist TransCanada Airdrie Nov. 19 Leak Detection Engineer TransCanada Calgary Nov. 17 ACCOUNTS RECEIVABLE ANALYST (CONTRACT) - [Read more]
British Columbia moves to phase out non-electric car sales by 2040
British Columbia's premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles.Premier John Horgan said the government will phase in the sales targets, which apply only to new vehicles. They will start at 10 percent by 2025, rising to 30 percent by 2030 and 100 percent by 2040. To support the plan, British Columbia will expand its fast-charging network [Read more]
Marquee Energy Ltd. Announces Securityholder Approval and Final Court Approval of Plan of Arrangement
CALGARY, Nov. 20, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") are pleased to announce that, at the special meeting of shareholders of Marquee held yesterday (the "Meeting"), the shareholders and optionholders of Marquee overwhelmingly voted in favour of a special resolution to approve the proposed plan of arrangement with Prairie Provident Resources Inc. (the "Arrangement") pursuant to which, among other things, Prairie Provident Resources Inc. will acquire all of [Read more]
Birchcliff Energy Ltd. Announces TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB will commence on November 23, 2018 and will terminate on November 22, 2019, or such earlier time as the NCIB is completed or is terminated at the option of Birchcliff. Purchases under the NCIB will be [Read more]
Marksmen Announces Operational Update
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC of Ohio. Marksmen is pleased to announce that on November 17, 2018 a cased-hole whip-stock assembly was successfully placed in the production casing. The whip-stock assembly was placed with a service rig and milling operations were initiated. The whip-stock will be used to [Read more]
NEB hearings on Trans Mountain pipeline start with Indigenous smudging ceremony
CALGARY - A rooftop smudging ceremony where herbs were burned and prayers said served as a proxy for swearing in as the oral traditional evidence gathering part of a National Energy Board reconsideration of the Trans Mountain pipeline expansion project began Tuesday. Lyne Mercier, vice-chair of the NEB and chairwoman of the three-member panel hearing evidence, welcomed Indigenous presenters from the Louis Bull Tribe about 80 kilometres south of Edmonton as the first to speak as three weeks of [Read more]
Husky Energy Provides Update on White Rose
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Production remains shut in at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather and an oil release late last week. Husky Energy (TSX:HSE) had shut in production at the White Rose field Thursday, November 15 due to operational safety concerns resulting from severe weather. The release occurred during restart procedures on Friday, November 16. Husky was in [Read more]
Alberta boosts incentives for new petrochemical plants
Alberta said on Tuesday that it will double its incentives for companies developing new plants to make petrochemical products, as the Western Canadian province seeks to diversify its economy beyond crude extraction and export. The province will now provide royalty credits worth $2.1 billion, up from earlier commitments totaling $1.1 billion, to projects that convert natural gas and oil into value added products like gasoline, fertilizer and plastics. Alberta said it was expanding the [Read more]