CALGARY, Alberta, April 08, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that it has engaged Industrial Alliance Securities Inc. (“iA Securities”), a leading Quebec-based investment firm to provide advisory services with respect to finding Quebec-based strategic investors for its clean tech energy project. The clean tech energy project seeks to develop the Company’s multi-Tcf natural gas discovery in the province of Quebec using [Read more]
Headlines
One Question Remains As The US Moves Closer To Drilling In ANWR: How Much Oil Is There?
The Arctic National Wildlife Refuge’s (ANWR) coastal plain, or 1002 area, could hold billions of barrels of oil and natural gas, but the results of the only test well drilled in the refuge has been kept secret for decades. The New York Times recently tried to pierce the veil of secrecy of the 1986 test well, called KIC-1, by looking through court documents filed in Ohio and talking with the attorneys involved in the case. “The discovery well was worthless,” said now-retired attorney Sidney [Read more]
TransCanada explores sale of $1 bln Appalachian pipeline unit -sources
Pipeline operator TransCanada Corp is exploring a potential sale of its Columbia Midstream unit in a deal that could value the business at about $1 billion, three sources aware of the matter said on Friday. TransCanada, based in Calgary, British Columbia, is offloading parts of its infrastructure to help finance the $8 billion it has earmarked to spend on new projects in 2019, such as the high-profile Coastal GasLink system and the Keystone XL pipeline, which are likely to generate higher [Read more]
U.S. drillers add oil rigs for first week in seven
U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year.Companies added 15 oil rigs in the week to April 5, the biggest increase since May, bringing the total count to 831, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The rig count fell to its lowest since April 2018 in the previous week.The U.S. rig count, an early indicator [Read more]
Canada Weekly Rig Count Down 20 to 68
Western Canada’s fleet of drilling rigs decreased by 20 rigs to a total of 68 according to data collected by Baker Hughes for the week of April 5th. From last Friday, Alberta rig counts went from 68 to 52. Saskatchewan's rig count from 2 to 1 Oil drilling went from 35 to 22; natural gas rigs went from 53 to 46. View a full breakdown of western Canada’s rig activity. [Read more]
Baker Hughes, a GE company Announces March 2019 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for March 2019 was 1,039, up 12 from the 1,027 counted in February 2019, and up 67 from the 972 counted in March 2018. The international offshore rig count for March 2019 was 247, down 3 from the 250 counted in February 2019, and up 62 from the 185 counted in February 2018. The average U.S. rig count for March 2019 was 1,023, down 26 from the 1,049 [Read more]
B.C. government to consider ‘relief’ for record gas prices: Horgan
Premier John Horgan says the B.C. government will consider "some relief" for those who can't afford record high gas prices. Horgan said his government will monitor prices at the pumps over the summer after they reached a record of almost $1.64 a litre Thursday in Metro Vancouver. But he also suggested provincial taxes aren't the only factor affecting prices. "We'll see how it goes through the summer and if there's an opportunity to have the province step in and help, we'll do that. But [Read more]
B.C. premier says final pieces of massive LNG Canada project now in place
VICTORIA - The British Columbia government has secured the last steps of the fiscal framework for liquefied natural gas projects in the province. The legislative assembly passed the Income Tax Amendment Act Thursday, and Premier John Horgan says that will secure the largest private-sector investment in Canadian history. The joint venture, which includes Petronas, Shell Canada Energy and PetroChina Canada Ltd., announced last year that LNG Canada's $40-billion project on B.C.'s northern [Read more]
Chevron seeks NEB licence that could nearly double production at Kitimat LNG
CALGARY - Chevron Canada has applied to the National Energy Board to nearly double the potential size of the Kitimat LNG facility it hopes to build with Australian partner Woodside Energy. In a filing dated Monday and posted on the NEB website, the Canadian branch of California-based giant Chevron Corp. says it is applying for a 40-year licence to export up to 28.23 billion cubic metres of natural gas per year, with commissioning of the facility taking place by 2029. That's the equivalent [Read more]
Tanager Energy Changes Name to Paleo Resources
CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces that the Corporation will change its name to “Paleo Resources, Inc.” effective April 10, 2019. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “PRE” at market open on Wednesday, April 10, 2019. There is no consolidation or change in the share capital. Common share [Read more]