SASKATOON, Saskatchewan, June 08, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX-V:SMI) (FSE:SMK) is pleased to announce that the Company was the top purchaser of acreage in the Kindersley-Kerrobert area at the recent Crown land sale on June 5th, 2018. The Company spent $768,896.83 to acquire 9 lease parcels totaling 6.75 sections, bringing Saturn’s total land position to 24.25 sections (19.25 net). The Company acquired 2.25 contiguous sections with rights [Read more]
Headlines
Blockchain is coming to the Oil and Gas Industry and is already in trials.
The case is becoming stronger for use of Blockchain to reduce costs and increase efficiency for large Capital and Construction projects which typically have time consuming and manual financial and admin work to resolve disputes, reconcile transactions, and deal with billing errors, either with partners, and regulatory or internally with subsidiaries. Blockchain is evolving, being tested to address inefficiencies, and is quietly expanding in the financial services and tech industries and [Read more]
Clearview Resources Ltd. Reports March 31, 2018 Year End Reserves
CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its crude oil and natural gas reserves information for the year ended March 31, 2018. March 31, 2018 Highlights: Produced 2,101 barrels of oil equivalent per day (“boe/d”), a 215 percent increase from 665 boe/d for the year ended March 31, 2017. Increased total proved and total proved plus probable oil reserves by 19 percent and 20 percent, [Read more]
Alberta legislature sitting dominated by pipeline, abortion bill ends
EDMONTON - A spring sitting that was dominated by the Trans Mountain pipeline and debate over an abortion bill has wrapped up at the Alberta legislature. The three-month sitting saw Premier Rachel Notley's government pass legislation that gives it sweeping power to regulate, and if necessary reduce, oil and gas exports in order to maximize profit. Notley made little secret that the legislation could be used to curtail vital gasoline and jet fuel shipments to British Columbia in [Read more]
BP complains to Canada regulator about Enbridge oil pipeline actions
(Reuters) - Oil producer BP Plc complained to Canada’s National Energy Board (NEB) regulator about Enbridge Inc’s implementation and then abrupt reversal of new rules for shipping crude on its Mainline pipeline system, NEB documents showed on Thursday. Enbridge notified shippers late last month that it would introduce a supply verification procedure to determine each company’s volumes on the Mainline, but then scrapped the policy early this week. The NEB said in a letter on Thursday to BP [Read more]
Suncor set up for strong production for the remainder of the year
Major planned turnarounds at Oil Sands and Downstream completeGrowth projects exceeding expectations All financial figures are in Canadian dollars. CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Suncor today announced that with the completion of major planned turnaround activities and strong production from growth projects, Q2 production to date averaged approximately 636,000 barrels per day (bbls/d) reflecting the significant planned turnarounds in the quarter, and exited May at [Read more]
Pieridae Welcomes Quebec’s Proposed Regulations
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (TSXV:PEA) is pleased that the proposed regulations, announced by Minister of Natural Resources, Pierre Moreau, will allow for the exploration and exploitation of hydrocarbons in a large portion of the province of Quebec, particularly in the Gaspésie region. After a preliminary analysis of the elements contained in the [Read more]
Saturn Oil & Gas Inc. Closes Initial Financing for $1.34 Million
SASKATOON, Saskatchewan, June 07, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that, subject to the approval of the TSX venture Exchange, it has closed the first tranche of a non-brokered financing which, with the consent of Canaccord Genuity Corp., will form part of the $3,500,000 brokered offering (“the Offering”) announced on May 14, 2018. The Company issued 11,198,500 units (a "Unit") at a price of $0.12 per [Read more]
Environmentalist David Suzuki receives degree from Alberta university
EDMONTON - Environmentalist David Suzuki says humans have become a "tectonic force" altering the planet because of their sheer numbers, advanced technology and consumption. Suzuki told science students graduating from the University of Alberta that they must find a way to keep the Earth alive and healthy. Suzuki did not directly address the controversy surrounding his receiving an honorary degree from the Edmonton university. He did say everyone should be "scientifically literate" and [Read more]
New marine fuel standards expected to hit prices for oilsands crude in 2020
CALGARY - Canada's oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry. The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of "bunker" fuel on ships dropping from 3.5 per cent to just 0.5 per cent. The switch is expected to wallop prices for [Read more]