HALIFAX - A third well exploration effort off Nova Scotia has failed to find commercially viable levels of oil in the deep waters of the Scotian Shelf. Hess Corp., the drilling partners on the BP-operated Scotian Basin Exploration Drilling Project, issued a news release Tuesday saying it will write off its share of the well cost, and BP will abandon the Aspy well. It is BP's only well currently being drilled in the deep waters of the Scotian Shelf, an area about 330 kilometres [Read more]
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Impact of U.S. court ruling on Keystone XL timing unclear -TransCanada
TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing remains unclear, the company's top crude pipeline executive said on Tuesday. "We're going through the decisions, we're reviewing the deficiencies to determine how best to address the deficiencies," Paul Miller, President, Liquids Pipelines, said at an Investor Day in Toronto. "At this point it is too soon to determine what impact the ruling will have [Read more]
TransCanada expects to raise dividend at eight to 10 per cent annual rate
CALGARY - TransCanada Corp. says it expects to raise its dividend at an average annual rate of eight to 10 per cent through 2021. Ahead of its investor day in Toronto today, the company says its dividend outlook is supported by expected growth in earnings and cash flow. The pipeline operator has increased its dividend on common shares in each of the last 18 years. TransCanada says it expects comparable earnings before interest, taxes, depreciation and amortization to grow to about $10 [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Third Quarter 2018 Results and Operational Update
CALGARY, Nov. 13, 2018 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the three-month period ended September 30, 2018. Recent Highlights Tidewater delivered another quarter of Adjusted EBITDA growth of $17.3 million or $0.05 per share for the third quarter of 2018 compared to $15.3 [Read more]
GuildOne and R3 Join Forces to Provide Blockchain Technologies to Global Oil and Gas Companies Leveraging Amazon Web Services
Advanced data solutions and business intelligence provider transacted first oil and gas royalties blockchain transaction using R3’s blockchain platform Corda CALGARY, Alberta GuildOne Inc. (GuildOne) is proud to announce that it has been working with R3 to transform the oil and gas sector with the ground-breaking innovation of GuildOne’s Energy Block Exchange (EBX) blockchain business network using R3’s blockchain platform, Corda, on Amazon Web Services (AWS). Corda is an enterprise-grade [Read more]
Cardium Light Oil, Drill Ready Prospect Available to Industry
Highlights: 12.5 sections (8,000 gross acres; 7,552 net). Average working interest across all lands is 94%. 100% owned existing surface lease with facilities and adjacent high grade road & NG pipeline tie-in, including a vertical Cardium Fm. producing oil well (7-12-59-25W5) Pad drilling from up to 5 existing surface leases allows for up to 23 horizontal locations (@ 4 wells per section spacing) with year-round access. Infrastructure and available capacity also in place. [Read more]
FIND – The Ultimate Mobile Field Integration Tool
It’s no secret that times have been tough for the oil and gas industry. Low oil and gas prices, limited pipeline capacity, and regulatory uncertainty have caused operators to reexamine their policies, practices, and technology in attempts to cut costs. Despite these challenges, it is getting more and more difficult to continue cutting costs. In order to stay profitable, many companies are turning to the possibility of leveraging new technologies to improve operational efficiency. That’s why [Read more]
InPlay Oil Corp. Announces Record Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2018 will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) [Read more]
NuVista Energy Ltd. Announces Third Quarter 2018 Financial and Operating Results and Guidance for 2019
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2018 and provide an update on its future business plans. NuVista experienced another robust quarter with continued development drilling success. Production and adjusted funds flow increased significantly, reaching record levels due to strong well and facility performance, and additional acquired volumes, [Read more]
Granite Oil Corp. Reports Third Quarter 2018 Financial Results
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to report its operating and unaudited financial results for the three months and nine months ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (000s, except per share [Read more]