Trans Mountain Transaction on Track to Close; KML Terminal Expansions Continue CALGARY, July 18, 2018 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the second quarter of 2018 of $0.1625 per restricted voting share ($0.65 annualized), payable on August 15, 2018, to restricted voting shareholders of record as of July 31, 2018. KML's restricted voting share dividends are eligible dividends for Canadian income tax purposes. "KML had a strong [Read more]
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Toscana Energy Announces Director Appointment
CALGARY, Alberta, July 18, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana") (TSX:TEI) today announces that Mr. Stanley Smith has been appointed to the Board of Directors effective July 18, 2018 and has also been appointed as Chair of the Audit Committee of Toscana. Mr. Smith is a designated accountant with over 39 years of public accountant experience. Mr. Smith’s focus of practice was public company auditing and advising, primarily in the oil and gas exploration, [Read more]
U.S. crude oil output hits 11 million barrels per day for first time ever
(Reuters) - U.S. crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation’s history, the Energy Department said on Wednesday, as the ongoing boom in shale production continues to drive output. The gains represent a rapid increase in output, as the data, if confirmed by monthly figures, puts the United States just behind Russia as the world’s largest producer of crude oil. The nation has added nearly 1 million bpd in production since November, thanks [Read more]
Saturn Oil & Gas Inc. Closes $4.04 Million Private Placement Co-Led by Canaccord Genuity and Gravitas Securities
SASKATOON, Saskatchewan, July 18, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that it has completed the previously announced (see news release dated June 13, 2018) brokered private placement of flow-through common shares (the "Flow-Through Shares") and both brokered and non- brokered non-flow-through units (the "Units"). The private placement, inclusive of prior non-brokered tranches, consisted in the aggregate of [Read more]
Delphi Energy Corp. Provides Operations Update and Second Half 2018 Outlook
CALGARY, Alberta, July 18, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an update on operations and guidance for the second half of 2018. Delphi is among the most liquid-rich gas producers in the Montney, with field condensate and natural gas liquids (“NGLs”) comprising approximately 42 percent of production from its Bigstone Montney property on a barrel of oil equivalent (“boe”) basis. Delphi is currently generating approximately 70 percent of [Read more]
U.S. FERC says it is streamlining LNG export permitting process
The chairman of the U.S. Federal Energy Regulatory Commission (FERC) said on Tuesday the agency has made "significant strides" in its process to reduce the amount of time it takes to permit a new liquefied natural gas (LNG) terminal. FERC Chairman Kevin McIntyre made his comments in a commission podcast following recent media reports that FERC had issued letters detailing permit delays of 12 to 18 months. McIntyre said those reports of such letters were incorrect. "FERC has issued no such [Read more]
IHS Markit sees Canadian oil sands growth moderating after 2019
Canadian oil sands production will rise more than half a million barrels per day in 2019 and growth will moderate thereafter, according to a forecast by data firm IHS Markit . Canada has emerged as the primary source of heavy oil supply in the world as output from other large producers, such as Venezuela, has declined. However, the pace of growth of Canadian oil sands is uncertain after 2019 and depends on the timing of investment decisions that are yet to be made. By then, ongoing [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jul. 17 Land Manager Razor Energy Corp Calgary Jul. 17 FIELD SOFTWARE TECHNICIAN (GPT) Trican Well Service Ltd. Grande Prairie Jul. 16 Maintenance [Read more]
Surge Energy Inc. Announces Appointments to the Board of Directors
CALGARY, July 16, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the appointments of Ms. Marion Burnyeat and Ms. Allison Maher to the Board of Directors effective July 16, 2018. Ms. Burnyeat is an experienced businesswoman having spent nearly thirty years in the energy sector primarily with Spectra Energy Corporation and its predecessor companies. She held increasingly responsible executive roles in leading Midstream business units, Strategic [Read more]
Imperial Oil’s Kearl oilsands tailings plan wins conditional AER approval
CALGARY - The Alberta Energy Regulator has conditionally approved a tailings pond management plan for the five-year-old Kearl oilsands mine in northern Alberta. The plan is the sixth since last fall to win interim approval despite the regulator's reservations about the applicants' ability to remediate the lakes of contaminated water created in the oilsands mining process. The AER says in its Kearl decision that it has concerns with whether operator Imperial Oil Ltd.'s assumptions about its [Read more]