Tune in tonight at 6:00PM MST to catch the Global Petroleum Show 2019 Election Dialogues LIVE in Edmonton and see some of Alberta’s best-known media personalities duke it out over which party is best suited to support Alberta’s Energy Industry. Watch live tonight: [Read more]
Headlines
Clearview Closes Asset Acquisition
Clearview acquires strategic light oil and natural gas assets in its west-central Alberta core area. Operated production addition of approximately 300 boe/d comprised of 53% light oil and natural gas liquids. 50% increase to Clearview's existing, light oil prone, undeveloped land base. CALGARY, Feb. 25, 2019 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce the closing of an accretive acquisition: Acquisition of Assets Clearview has [Read more]
Regulator OKs Fort Hills oilsands mine tailings plan but orders demonstration
CALGARY - The Alberta Energy Regulator has conditionally approved a tailings management plan for the Fort Hills oilsands mine despite its failure to meet milestones and reliance on an unproven reclamation method. Tailings ponds store water used in the oilsands mining process that is notoriously difficult to reclaim because it has been contaminated with fine clay particles, oil and other chemicals. The mine owned by Suncor Energy Inc. is proposing to chemically treat its tailings, [Read more]
Prairie Provident Announces Fully Funded 2019 Capital Budget and Guidance
CALGARY, Alberta , Feb. 25, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our planned 2019 capital expenditure budget, approved by the Company’s Board of Directors, which underspends forecast 2019 cash flow. With continued volatility and uncertainty in Canadian oil and natural gas prices, coupled with PPR’s ongoing commitment to enhance financial flexibility, the Company believes it has developed a disciplined and [Read more]
Connacher Announces Resignation of Director
CALGARY, Feb. 25, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces that Daryl Gilbert has tendered his resignation as a director of the Company effective today. The Company would like to thank Mr. Gilbert for his contributions. About Connacher Connacher Oil and Gas Limited is a Calgary-based in situ oil sands developer, producer, and marketer of bitumen. The Company's principal asset is a 100 per cent interest in the Company's Great Divide oil sands [Read more]
TORC Oil & Gas Ltd. Announces 2018 Fourth Quarter and Year-end Financial & Operating Results; and 2018 Year-End Reserves
CALGARY, Feb. 25, 2019 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three month periods and years ended December 31, 2018 and 2017 and to provide 2018 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") dated February 25, 2019 and audited financial statements as at and for the year ended December 31, 2018 [Read more]
Trump calls on OPEC to ‘relax,’ says oil prices are too high
U.S. President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady. On Monday, oil prices edged up amid political uncertainty and sanctions and involuntary curbs on several producers but could face pressure from continued anxiety over the global economy and record U.S. exports. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a [Read more]
An open letter to any idiot that would compare petroleum with tobacco
I know, I know. Conversations are supposed to be positive and constructive. Bad Terry. The goal is, and should be, to expand the energy dialogue to be more inclusive, to bring together the disparate viewpoints so that we can start pulling together towards a greener future, at an appropriate pace. But that isn’t always possible when myths or outrageous accusations are held out as truths, and become part of the mainstream narrative through unopposed force. Constructive dialogue does not mean [Read more]
Court rejects B.C.’s request to declare Alberta oil export law unconstitutional
CALGARY - A judge has dismissed the British Columbia government's request to declare an Alberta law that could restrict the flow of refined oil products to B.C. as unconstitutional. The attorney general of B.C. alleged in a statement of claim that the Preserving Canada's Economic Prosperity Act was meant to counteract steps taken by B.C. in its opposition to the Trans Mountain pipeline project. B.C. had asked Alberta's Court of Queen's Bench to declare the law unconstitutional, but Justice [Read more]
With politics at play, CAODC remains hopeful but not optimistic Trans Mountain Expansion Project (TMX) will proceed.
Today, the National Energy Board announced that the Trans Mountain Expansion Project is in the national interest and should be approved for construction. While the announcement is positive, CAODC is not optimistic it is meaningful, due to the project’s history of delays and the politicized nature of the federal approval process. “What we heard today—that the TMX should be built and is in Canada’s national interest—is exactly what we heard when the federal government purchased the project in [Read more]