A US federal Judge ordered a halt of construction of the Keystone XL pipeline until the U.S. State Department completes a supplement to a 2014 environmental impact statement that complies with the National Environmental Policy Act and the Administrative Procedure Act. U.S. President Donald Trump approved a permit for the pipeline in January 2017, reversing a 2015 veto of the project by Barack Obama. Keystone would carry 830,000 barrels of crude a day from Alberta to Gulf Coast [Read more]
Headlines
Petrus Resources Announces Third Quarter 2018 Financial & Operating Results
CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) is pleased to report financial and operating results for the third quarter of 2018. The Company's Management's Discussion and Analysis ("MD&A") and interim consolidated financial statements dated as at and for the period ended September 30, 2018 are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedar.com. In response to the commodity price outlook for [Read more]
Chinook Energy Inc. Announces Third Quarter 2018 Results
CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its third quarter of 2018 financial and operating results. Our operational and financial highlights for the three and nine months ended September 30, 2018 are noted below and should be read in conjunction with our unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2018 and 2017 and our related management’s [Read more]
Operations suspended after chain falls near workers on N.S. offshore drill rig
HALIFAX - Operations of some non-producing wells at the Sable Offshore Energy Project have been suspended after an accident on a drilling rig involved in decommissioning wells off Nova Scotia. A news release Thursday from the Canada-Nova Scotia Offshore Petroleum Board reported a near miss on Nov. 5 after a chain dropped on the Noble Regina Allen rig. The safety officer with the regulator confirmed that a 15-metre chain, along with a swivel and shackle with a combined weight of [Read more]
Inter Pipeline Announces Record Quarterly Financial and Operating Results
CALGARY, Nov. 8, 2018 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced record financial and operating results for the three and nine month periods ended September 30, 2018. Third Quarter Highlights Funds from operations (FFO) totalled a quarterly record of $300 million, an 11 percent increase over third quarter 2017 NGL processing business generated quarterly record FFO of $135 million Net income for the quarter was a record $169 million, a 19 percent [Read more]
ARC Resources Ltd. Reports Third Quarter 2018 Financial and Operational Results and Announces 2019 Budget
CALGARY, Nov. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") is pleased to report its third quarter 2018 financial and operational results. Third quarter production averaged 135,410 boe per day, net income was $45.1 million ($0.13 per share), funds from operations totaled $205.0 million ($0.58 per share), and net debt was $667.8 million as at September 30, 2018. ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's [Read more]
ARC Resources Ltd. Announces $775 Million Capital Program for 2019 That Will Advance Multi-year Infrastructure Development Projects at Attachie West, Dawson, and Ante Creek
CALGARY, Nov. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") announced today that its Board of Directors has approved a $775 million capital program for 2019 that focuses on profitable organic liquids growth to deliver a meaningful cash flow per share increase over the long term. The 2019 budget focuses on maintaining ARC's strong financial position, improving ARC's competitive capital and operating efficiencies, and profitably developing ARC's Montney assets to drive [Read more]
Government of Canada introduces legislation for responsible co-management of Arctic resources
OTTAWA, Nov. 8, 2018 /CNW/ - The Government of Canada is taking action to protect Canada's rich natural environment, respect the rights and interests of Indigenous peoples, and support a resilient Canadian natural resource sector, in order to help ensurea healthy environment and prosperous future for Northern communities. Today, the Honourable Dominic LeBlanc, Minister of Intergovernmental and Northern Affairs and Internal Trade, introduced Bill C-88, An Act to Amend the Mackenzie [Read more]
Energy companies roll out production cuts along with third-quarter results
CALGARY - Production cutbacks and deferred drilling programs are emerging as a common theme as Calgary-based oil and gas companies elect to leave barrels in the ground rather than sell at current low prices. In third-quarter results released this week, energy companies large and small say they are avoiding wider-than-usual price discounts compared with U.S. benchmark prices blamed on difficulty in getting barrels to market due to full export pipelines. At least 110,000 barrels per day of [Read more]
Mishaps put spotlight on Irving family’s relationship with Saint John, N.B.
SAINT JOHN, N.B. - It's been a tough month for one of Canada's wealthiest families. The Irvings of New Brunswick are facing renewed scrutiny after a major industrial accident at the Irving Oil refinery in Saint John — one month ago Thursday — and three guilty pleas the following day from Irving Pulp and Paper for polluting the Saint John River. The sudden spate of bad publicity has drawn into sharp focus the delicate relationship between the Irving group of companies and the 69,000 [Read more]