CALGARY, ALBERTA--(Marketwired - Nov. 9, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce its third quarter 2017 financial and operating results and the completion of its strategic objective of focusing its asset base to its two growth assets. Pengrowth's long-term development plan is centered on operational excellence on a concentrated asset portfolio with long-life reserves, reduced cost structures, reduced long-term liabilities and reduced infrastructure costs. [Read more]
Headlines
Inter Pipeline Announces Increase to Monthly Cash Dividend
CALGARY, Alberta, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today that its board of directors has approved a 3.7 percent increase to its monthly cash dividend from $0.135 to $0.14 per share. This represents Inter Pipeline’s fifteenth consecutive dividend increase. On an annualized basis, dividends will increase by $0.06 per share from $1.62 to $1.68. Shareholders of record as of November 22, 2017 will be eligible for Inter Pipeline's new [Read more]
Suncor Energy’s Steve Williams appoints Mark Little as Chief Operating Officer
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2017) - Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO). As Suncor's COO, Mark will be responsible for all of the operations and many of the corporate services of the company. This appointment comes on the eve of first oil at Suncor's Fort Hills mine and reflects the continuing focus to capture value from the increased integration of [Read more]
Column: 75,000 high-paying Ontario jobs go poof
Question: How do you kill 75,000 jobs and turn your valuable location into a disadvantage? Answer: If you’re the Ontario government, you do it first, by starting a transition to renewable energy driven by politicians without any cost-benefit analyses. Second, when people with expertise in the energy and power sectors give advice on technical issues, for example—how much duplicate power backup Ontario would need to phase out coal and replace it with intermittent and costlier wind, solar and [Read more]
Keystone XL pipe has adequate commercial support: TransCanada
CALGARY, Alberta (Reuters) - TransCanada Corp (TRP.TO) has received adequate support from crude oil shippers on its long-delayed Keystone XL pipeline, but the parties still need to work out specific terms, the company said on Thursday as it reported a rise in quarterly earnings. The pipeline, which would carry 830,000 barrels per day of Canadian crude to U.S. refineries, has been delayed for more than eight years by regulatory hurdles as North American energy projects face increasing [Read more]
Cardinal Energy Ltd. Announces Management Changes
CALGARY, Alberta, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) of Calgary, Alberta announces the departure of Mr. Shane Peet President of Cardinal effective immediately. Mr. Scott Ratushny, Cardinal’s CEO will resume the title of President, a position he held until May 11, 2015. Mr. Peet has been with Cardinal since its inception and the management, staff and directors of Cardinal thank him for his valuable contributions to the Company during [Read more]
Supreme Court of Canada to hear AER appeal of the Redwater decision
CALGARY, Alberta, Nov. 09, 2017 (GLOBE NEWSWIRE) -- The Supreme Court of Canada has confirmed it will hear the appeal of the Alberta Energy Regulator (AER) and Orphan Well Association on the Redwater decision. “For the past two years, we have worked very hard at all levels of court to ensure the consequences of the Redwater decisions are fully understood,” said AER president and CEO Jim Ellis. “The decision has already had a significant impact in Alberta – and its consequences will go well [Read more]
Canadian Discovery and Sproule Partner to Deliver a Joint Energy Solution, Sproule Play Metrics, Powered by Catalyst
CALGARY, AB, CANADA – November 9, 2017 – Canadian Discovery Ltd. (CDL) and Sproule are pleased to announce a new strategic partnership to deliver a joint energy solution designed to leverage CDL’s geologic and technology expertise and Sproule’s new engineering analysis. With a strong track record for building industry premiere datasets, CDL is the partner of choice for delivering and marketing Sproule’s new Play Metrics analysis through their play evaluation platform, Catalyst. Play Metrics [Read more]
TAQA North: Non-Core Property Divestiture – Drumheller, Northeast Alberta Areas
Sayer Energy Advisors has been engaged to assist TAQA North, an Alberta Partnership, by its Managing Partner TAQA North Ltd. (“TAQA” or the “Company”) with the sale of its oil and natural gas properties located in the Drumheller and Northeast Alberta areas of Alberta (the “Properties”). In the Drumheller area, TAQA has various royalty and working interests in 95 sections of land on which the Company holds royalty interests or working interest in numerous producing oil and natural gas wells. [Read more]
Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2017
CALGARY, AB--(Marketwired - November 09, 2017) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the three and nine months ended September 30, 2017. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 (CA$ thousands, except as otherwise indicated) 2017 2016 % 2017 2016 % Revenue, before royalties [Read more]