CALGARY, ALBERTA--(Marketwired - Jan. 17, 2017) - Trilogy Energy Corp. ("Trilogy" or the "Company") (TSX:TET) is pleased to provide an update on its fourth quarter 2016 Montney and Duvernay operations, report on its current hedging program and provide annual guidance for 2017. Highlights Trilogy's 2016 annual production averaged approximately 21,800 Boe/d, with an exit rate in December 2016 of approximately 23,800 Boe/d Trilogy is estimating net capital expenditures of approximately [Read more]
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Sunshine Oilsands Ltd.: Placing of Up to 60,000,000 New Shares Under General Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Jan. 17, 2017) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: PLACING OF NEW SHARES UNDER GENERAL MANDATE (a) The Placing On January 17, 2017 in Hong Kong (January 16, 2017 in Calgary), the Corporation entered into a placing agreement (the "Placing Agreement") with China Industrial Securities International Capital Limited (the [Read more]
Sproule Academy Continuing Education: Counterparty Risk Assessment
Counterparty Risk Assessment has always been an important tool but became even more important with the 2008 Financial Crisis, as well as in today’s challenged economic environment where numerous counterparties are defaulting. Establishing a routine methodology to conduct Counterparty Risk Assessment is essential for companies to mitigate financial and performance default risk and risk of key suppliers or even entities such as Engineering Procurement Construction Management (EPCM) entities, who [Read more]
Shell Canada seals second deepwater well off Nova Scotia, silent on results
HALIFAX - Shell is moving to seal off the second of its two deepwater exploration wells off Nova Scotia. The company began work on the Monterey Jack well on the Scotian Shelf on Sept. 25, shortly after abandoning its Cheshire well in the Nova Scotia offshore, about 250 kilometres southeast of Halifax. Shell spokesman Cameron Yost said in an email Monday that sealing the well involves "the installation and testing of multiple barriers in the wellbore." He also said it is [Read more]
Researchers to look at ways of mitigating impact of Arctic oil spills
WINNIPEG - Ottawa and the Manitoba government have announced $4 million in funding for a large-scale research project aimed at helping Canadian companies and agencies be better prepared to mitigate the environmental impact of Arctic oil spills. The Genice project will use incorporate microbial genomics in dealing with the issue of increasing traffic in Canada's northern waterways and the risk that comes with shipping and oil exploration. Simon Potter of Genome Prairie says [Read more]
NuVista Energy Ltd. Announces Operational Update and Reaffirms 2016 and 2017 Guidance
CALGARY, ALBERTA--(Marketwired - Jan. 16, 2017) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce a number of updates that demonstrate successful execution of our 2016 plans and strong progress towards our 2017 and beyond plans. Our 2016 full year and fourth quarter guidance expectations have all been met or exceeded, as well results and costs continue to improve and outperform. Specific highlights include the following: Production Update Field-estimated [Read more]
RCMP say someone did $500K damage to a pipeline in northwestern Alberta
HYTHE, Alta. - Mounties are investigating after a pipeline in northwestern Alberta was vandalized, causing more than $500,000 damage. Const. Michelle Mosher says an employee with a construction crew reported the vandalism from the site north of Hythe on Sunday morning. Mosher says it appears a piece of construction equipment was used to try to dig up the pipeline and the line will have to be replaced. Mounties are not releasing the name of the company that owns the [Read more]
Test drive BOE Report Finance with a free trial subscription
BOE Report Finance is a tool offering complete financial and operational data coverage for every oil and gas company listed on all the major stock exchanges in North America, including: TSX, TSX Venture, NYSE, NASDAQ, AMEX and OTC. BOE Report Finance highlights production, reserves, financials, valuation metrics, netbacks and detailed expenses per BOE produced. Users can view and interpret oil & gas financial and operational data, export data, build custom comparison tables and much [Read more]
Saturn Minerals Inc. Update on Name Change, Website Address, ISIN
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 16, 2017) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that the Company's name will be changed to "Saturn Oil & Gas Inc." The common shares of the Company will commence trading on January 17, 2017 under the existing symbol "SMI" on the TSX Venture Exchange. The Company also confirms that from January 17, 2017, the Company's new ISIN will be CA80412L107 and its CUSIP will be [Read more]
Noble Energy to Acquire Clayton Williams Energy
Increases Core Delaware Basin Position to Nearly 120,000 Net Acres Materially Enhances Oil Growth Outlook, Adds Substantial Midstream Upside Noble Energy Also Updates Four-Year Operating Plan HOUSTON and MIDLAND, Texas, Jan. 16, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) and Clayton Williams Energy, Inc. (NYSE:CWEI) (“Clayton Williams Energy”) today announced that the Boards of Directors of both companies have unanimously approved and the [Read more]