OTTAWA - The National Energy Board has less than six months to redo its environmental review of the Trans Mountain pipeline expansion, this time taking into account the impact of additional oil tanker traffic off the coast of British Columbia. Natural Resources Minister Amarjeet Sohi is making the announcement this morning in Halifax, where Canada is hosting environment and energy ministers at a G7 summit meeting. The federal cabinet has ordered the NEB to return with a new [Read more]
Headlines
Velvet Energy Reminds Shareholders of Offer Expiry and Encourages Iron Bridge Shareholders to Tender Their Shares to Offer
Amended Offer of $0.845 per Iron Bridge share has unanimous support of Iron Bridge’s Board of Directors and largest shareholders Shareholders urged to tender their shares ahead of the deadline on September 24, 2018. at 5:00 p.m. Toronto time. Shareholders are reminded that most financial intermediaries have earlier expiry deadlines for processing tenders. Shareholders can tender today by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at [Read more]
Natural gas says it’s no longer a transition fuel. It may be wrong: Russell
Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry. A procession of senior executives of major companies, including Royal Dutch Shell and Exxon Mobil Corp , espoused this view while speaking at this week's GasTech event, the industry's biggest annual gathering. While the industry has plenty to be buoyant about, including rapid and sustained Chinese [Read more]
Tamarack Valley Energy Ltd. Announces Operational Update, Production Guidance Increase and Inclusion in TSX Composite Index
TSX:TVE CALGARY, Sept. 20, 2018 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce that, due to exceptional 2018 drilling results, current production is ahead of forecast. As a result, the Company is pleased to provide its second guidance increase for 2018 annual and exit production and preliminary 2019 annual production guidance. The Company also announces that it will be added to the TSX Composite Index and its sub-indices effective September 24, [Read more]
Column: If Canadian dairy was petroleum
If dairy was petroleum, the scene playing out in the NAFTA negotiations would be quite the sight to see. The Trudeau government would be rushing to emulate their ever so tactful strategy, a strategy based upon principles so perverse that you couldn’t make it up. Unless of course, you were talking about a regionalized power struggle in an already deeply divided country that can only lead to one thing. One of the key principles would be to begin the phasing out of dairy production in Canada by [Read more]
Vancouver Island partners sign hull design contract for floating LNG project
VANCOUVER - The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls. Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment for the Kwispaa LNG Project. The LNG export project, which features floating production and storage units, is [Read more]
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
CALGARY - A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital in Calgary say the planned turnaround at the 430,000-barrel-per-day BP Whiting refinery in Indiana — which buys about 250,000 bpd of heavy crude from Canada — will reduce demand over the next month and a half. They say the shutdown adds to [Read more]
Nothing is done until it’s done – NAFTA Renegotiations in a year of uncertainty
The US has been withdrawing and renegotiating trade agreements at a dizzying pace- from withdrawing from the Trans-Pacific Partnership in 2017 ( and then looking to rejoin it in 2018), to an escalated tariff war with China, to a high-pressure trade deal with Mexico, to pressure on Canada to join the new US-Mexico agreement. Canada, meanwhile, has relied heavily on free trade agreements to increase market access for Canadian exporters. In the current trade battles, the US looks to use all [Read more]
7th Annual Free Hockey Draft For The Oil And Gas Industry
Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday October 3rd at 5PM. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns at dallas@osyrentals.com. More information on [Read more]
Gear Energy Ltd. Announces Closing of Acquisition of Steppe Resources Inc. and Increase to Credit Facilities
CALGARY, Sept. 18, 2018 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) is pleased to announce the successful completion of the acquisition of Steppe Resources Inc. ("Steppe"), a private oil and gas company, pursuant to the previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, shareholders of Steppe received 0.1445 of a Gear common share ("Gear Share") for each Steppe common share ("Steppe Share"). As a result, Gear issued approximately 21.9 million Gear [Read more]