CALGARY - Strong growth in U.S. oilfield activity made up for declines on the Canadian side of the border as Precision Drilling Corp. beat analyst expectations with first-quarter results posted Thursday. The Calgary-based driller reported a 23 per cent increase in activity in the U.S. compared with the same period of 2018, while its Canadian operations declined by 33 per cent, a trend that it said is continuing in the current quarter. "Of note in the quarter, only 36 per cent of our [Read more]
Headlines
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2019
CALGARY, April 25, 2019 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2019. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2019, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]
Clearview Resources Ltd. Reports Year End Results
CALGARY, April 25, 2019 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results and crude oil and natural gas reserves information for the nine months ended December 31, 2018. Change in Year End During the year, the Board of Directors approved changing the Company's fiscal year end from March 31 to December 31. Consequently, this press release is a review of the financial position and results of operations of the Company [Read more]
No guarantee of federal decision on Trans Mountain pipeline before election: Sohi
CALGARY - The federal government can't guarantee it will have a decision on the proposed Trans Mountain pipeline expansion prior to the next election, Natural Resources Minister Amarjeet Sohi said. The deadline was pushed back to June 18 from May 22 on the recommendation of Indigenous communities and former Supreme Court justice Frank Iacobucci, who is advising the government on the consultation process. The proposal to twin the existing Trans Mountain pipeline between Edmonton and [Read more]
Enbridge Announces Passing of Board Member Michael E.J. Phelps
CALGARY, April 25, 2019 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced that Michael E.J. Phelps, a member of its Board of Directors, passed away Saturday, April 20, 2019. "Michael was a valued member of the Board, colleague and friend, and we are deeply saddened by the news of his passing," said Al Monaco, Enbridge President and CEO. "On behalf of Enbridge and the entire team, we extend our deepest sympathies and condolences to Michael's family." A member of Enbridge's [Read more]
Last Chance to Register for CAODC’s A Conversation With Terry Etam
BOE Report contributor and author Terry Etam will be joining us for lunch on Monday April 29 to discuss his book, of The End of Fossil Fuel Insanity: Clearing the Air Before Cleaning the Air. Terry is a veteran oil and gas consultant whose pithy prose and no-nonsense takes on today’s energy issues have won him numerous fans inside and outside of the industry. His goal is to kick start new energy dialogues in a constructive manner as the world faces, and begins to understand, the real challenges [Read more]
Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change
CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA - TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro liquefied natural gas (“LNG”) Project. In 2018, the company was issued a permit to construct the facility, received US$1.5 billion in additional conditional loan support from the German Government, closed its purchase of Ikkuma [Read more]
Hemisphere Energy Announces 2018 Fourth Quarter and Year-End Financial and Operating Results
TSX-V: HME - VANCOUVER, April 24, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2018. During 2018, Hemisphere achieved record operational success with significant reserve, production, and revenue growth. The Company executed a $16.1 million capital expenditure program to drill 14 wells and expand both its Atlee Buffalo facilities. This [Read more]
Occidental tries to outbid Chevron for Anadarko Petroleum
NEW YORK - A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron's deal announced earlier this month, a rare move not often seen in the U.S. oil industry. Houston-based Occidental Petroleum Corp. said the proposed combination would bolster its position in the Permian Basin in Texas and New Mexico, where it is already the largest oil producer. "We have been focused on Anadarko for several years because we have [Read more]
Column: Canada’s Moral Obligation to the World
It’s common to hear an opinion on Canadian energy exports phrased something like this: “How can Canada in good conscience develop its natural resources for export when it should be leading the way in reducing emissions and developing renewable energy? Any project that increases Canada’s emissions should be halted!” The counter-argument usually rests on some variant of, “But we need the jobs!” With passions high on both sides, it’s unlikely the two groups will ever agree. Perhaps everyone could [Read more]