Pipeline operator Kinder Morgan Canada Ltd posted lower-than-expected quarterly profit on Wednesday and said it was on track to begin construction of a controversial Canadian pipeline expansion in September. In its first earnings report after being spun off from Houston's Kinder Morgan Inc , the company said it expects the Trans Mountain pipeline expansion to be in service by the end of 2019. Kinder Morgan Canada reported net income of C$25.1 million ($19.9 million), or 11 cents per share, [Read more]
Headlines
Kinder Morgan Canada says Trans Mountain on track for Sept. construction start
CALGARY - The Trans Mountain pipeline expansion remains on track to begin construction in September, Kinder Morgan Canada president Ian Anderson said Wednesday in the face of environmental and political opposition that threatens to derail the project. Anderson, speaking on Kinder Morgan Canada's first quarterly earnings call since it went public in May, said he looks forward to working with the new NDP government of British Columbia Premier John Horgan, who was sworn in a day earlier. [Read more]
Manitok Energy Inc. and Questfire Energy Corp. Announces Results of Interim Order Application on Previously Announced Strategic Combination
CALGARY, July 19, 2017 /CNW/ - Manitok Energy Inc. ("Manitok") (TSXV: MEI) and Questfire Energy Corp. ("Questfire") (TSXV: Q.A) are pleased to announce that further to their previously announced acquisition by Manitok of all the issued and outstanding common shares of Questfire (the "Questfire Shares") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition") on July 7, 2017, Questfire has been granted an interim order authorizing, among other things, [Read more]
Phoenix Energy Marketing Consultants Inc. announces its autumn offering of energy industry training courses
Phoenix Energy Marketing Consultants Inc. announces its autumn offering of energy industry training courses in oil, NGL, and natural gas marketing. The company provides both general and in-house marketing courses. The current roster of courses available for registration is as follows: Introduction to Canadian Crude Oil Marketing (September 19-20, 2017) Introduction to the Canadian NGL Industry (October 17-18, 2017) Introduction to Canadian Natural Gas Marketing (November 21-22, [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. Jul. 17 Frac Bulk Truck Operator Canyon Technical Services Red Deer Jul. 17 Supervisor, Water Transfer Canyon Technical Services Fort St. John Jul. 17 Water Transfer Technician Canyon Technical Services Fort [Read more]
Alberta is the engine that drives Canadian growth
VANCOUVER, B.C./Troy Media/ – During his Canada Day speech, Prime Minister Justin Trudeau accidentally caused a stir by forgetting to mention Alberta when listing all of Canada’s provinces and territories. It was surely an oversight rather than intentional and the prime minister immediately apologized. Nevertheless, his slip provokes an interesting thought experiment: What would Canada’s economy and public finances look like without Alberta? It’s not a pretty picture. Up until the [Read more]
Kinder Morgan Canada faces pressure on Trans Mountain in its first earnings
CALGARY - Kinder Morgan Canada is facing mounting pressure to detail its plans for the Trans Mountain oil pipeline expansion when it releases its first earnings report Wednesday since going public. Analysts and investors are hoping for clarity on the fate of the project, which has been thrust into question since John Horgan's NDP in British Columbia wrestled power from the Liberals with the help of the Greens, who are staunchly opposed to the $7.4-billion development. The company [Read more]
Canada a ‘late entrant’ to global liquefied natural gas market, says new NEB report
CALGARY, July 18, 2017 /CNW/ - Canada is a late entrant to the global liquefied natural gas (LNG) market and the next several years will be critical to the development of the Canadian LNG industry, according to a new report released by the energy information and analysis unit of the National Energy Board (NEB). The report, titled Canada's Role in the Global LNG Market, looks at changing LNG market dynamics, including lower prices and fierce competition. This has created uncertainty among all [Read more]
Property Offering: Glencoe Resources Ltd., in Receivership
Hardie & Kelly Inc., in its capacity as Court appointed Receiver of Glencoe Resources Ltd., has retained CB Securities Inc. as its advisor for the sale of Glencoe’s oil and gas properties. All of Glencoe’s properties were evaluated by Sproule Associates Limited effective April 30, 2017. Chigwell Viking Units 230 Bbls/day of currently curtailed light oil production Significant identified phased Viking development projects 3 separate medium scale sized projects at $7.3, [Read more]
The Oil Sands Trade Show and Conference is Coming Back This Year to Fort McMurray Stronger Than Ever
The Oil Sands Trade Show and Conference is coming back this year to Fort McMurray stronger than ever after the event was postponed a year ago. The aim of the show is to support the industry that supports Alberta’s economy and it’s an opportunity for businesses to connect to the community where the Alberta oil sands work gets done. “That’s where a big part of our business comes from. We’re big supporters of the industry up there,” says Jim Brasset, operations manager of Surrey, B.C.-based [Read more]