CALGARY - An oil and gas industry representative says Canada is "falling behind" the U.S. and other nations in developing its rich Arctic natural resources because of a five-year moratorium on offshore drilling in the North put in place in 2016. But Northern Affairs minister Dominic LeBlanc defends the ban as a necessary device to ensure the resource is developed in a way that is environmentally sensitive, allows Indigenous input and is based on science. The debate touched off in [Read more]
Headlines
Tidewater Midstream and Infrastructure Ltd. announces fourth quarter 2018 results and operational update and earnings call
CALGARY, March 14, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its annual consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2018. FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL PERFORMANCE Despite a challenging industry environment, 2018 was a record year for Tidewater both operationally and financially as volumes and [Read more]
Petrus Resources Announces Year End 2018 Financial, Operating & Reserves Results; Significant Increase in Liquids Weighting and Net Debt Reduction
CALGARY, Alberta, March 14, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2018 and to provide 2018 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements dated as at and for the year ended December 31, 2018 [Read more]
Sproule and GTI announce a partnership to combine forces to develop a monthly western Canadian NGL report
Sproule and GTI today announced a strategic partnership to deliver a jointly developed Canadian natural gas liquids (NGL) report to industry. The report provides an in-depth understanding of the economics of producing natural gas and NGLs. This monthly report leverages the expertise of GTI and Sproule principals to provide insight and analysis on the profitability of natural gas and NGL production at western Canadian gas plants. Included in the report are supply and price forecasts for gas and [Read more]
Delphi Energy Corp. Reports 2018 Year End Results
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the year ended December 31, 2018. 2018 HIGHLIGHTS Successfully executed a twelve (7.80 net) well drilling program and various infrastructure projects to support future growth; Completed construction and commissioned the amine processing facility which has reduced natural gas processing costs and diversified Delphi’s [Read more]
Pine Cliff Energy Ltd. Announces Annual 2018 Results, Filing of 2018 Disclosure Documents and Operations Update on Pekisko Oil Well
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce its year-end financial and operating results, the filing of its 2018 disclosure documents and an operations update on the oil well drilled in Q4 2018. Included in the filings were Pine Cliff's annual information form (“AIF”), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument [Read more]
Birchcliff Energy Ltd. Announces Filing of Its 2018 Year-End Audited Financial Statements and Disclosure Documents and Provides Operational Update
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements and related management’s discussion and analysis (the “MD&A”) and its annual information form (the “AIF”) for the financial year ended December 31, 2018 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The audited annual financial statements are [Read more]
Indigenous consultations on TMX pipeline on schedule: Natural Resources minister
CALGARY - Natural Resources Minister Amarjeet Sohi says consultations with Indigenous groups about the stalled Trans Mountain pipeline expansion are progressing well and he still expects to wrap up the court-ordered process by May. On a conference call from Houston, where he's attending the CERAWeek energy conference, Sohi told reporters his department has now met with more than 100 of the 117 Indigenous communities expected to be impacted by the project. The Federal Appeal Court last [Read more]
Crude-by-rail volumes fall in February as Imperial Oil cuts Alberta shipments
CALGARY - Crude-by-rail shipments from Western Canada fell in February to the lowest level since May of last year, according to Genscape. The U.S. company, which monitors rail terminals handling about 80 per cent of typical volumes from Western Canada, reports average loadings last month were 144,000 barrels per day, about half of the 281,000 bpd it recorded in January. The falloff came after Calgary-based Imperial Oil Ltd. vowed in late January to cut rail shipments to near zero [Read more]
XI Technologies: Making a play in the Duvernay – How to find the right partners
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. This week, we’re examining how to find working interest partners in the liquids-rich Duvernay. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Duvernay and East Duvernay parcels have helped power Crown Land Sales many times over the past couple of years. The area has also been the [Read more]