CALGARY, Nov. 9, 2018 /CNW/ - Jupiter Resources Inc. and its affiliates (collectively, "Jupiter" or the "Company") announced today that the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing Jupiter to, among other things, convene a meeting (the "Meeting") of holders of the Company's US$1.1 billion 8.5% senior unsecured notes due October 1, 2022 (the "Senior Notes"). The Meeting will be held for the holders of the Senior Notes (the [Read more]
Headlines
Hold put on Keystone: Alberta says it will keep working on other ways to move oil
EDMONTON - Alberta's energy minister says a U.S. court decision ordering a halt to the Keystone XL pipeline project is frustrating. Marg McCuaig-Boyd says the province will look to see what it can do to get the project restarted and also to find other ways to get more oil to market. A federal court judge in the United States on Thursday blocked a construction permit for the Keystone project until it passes further environmental reviews. McCuaig-Boyd says pipeline bottlenecks and a [Read more]
Toscana Energy Announces Third Quarter 2018 Results
CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the third quarter ended September 30, 2018. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and nine month period ended September 30, 2018. This [Read more]
U.S. drillers add oil rigs for fourth week in five
U.S. energy firms added oil rigs for a fourth time in the last five, keeping the rig count at its highest in over three years even though crude futures were on track to fall for a fifth week in a row to their lowest level since February.Drillers added 12 oil rigs in the week to Nov. 9, bringing the total count to 886, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That was the biggest weekly [Read more]
Canada Weekly Rig Count Down 2 to 196
Western Canada’s fleet of drilling rigs decreased to a total of 196 according to data collected by Baker Hughes for the week of Novmeber 9th. From one week ago, Alberta rig counts went down 3 to 136. Saskatchewan's rig count remained at 37. Oil drilling went from 121 to 117; natural gas rigs increased from 77 to 79. View a full breakdown of western Canada’s rig activity. [Read more]
TransCanada says it is committed to Keystone XL pipeline after judge orders halt
CALGARY - The Canadian proponent of the $10-billion Keystone XL crude pipeline says it remains committed to the project despite a Montana judge's ruling that it must pass a further environmental review. The company has received the judge's ruling and is reviewing it, said TransCanada Corp. spokesman Terry Cunha in a brief email on Friday. U.S. District Judge Brian Morris put the project on hold on Thursday, ruling that the potential impact had not been considered as required by [Read more]
Trump slams U.S. judge’s decision to halt Keystone XL pipeline
U.S. President Donald Trump on Friday blasted a federal judge's decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade. The ruling out of U.S. Court in Montana on Thursday dealt a major setback to TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline. It was also a blow to Trump, who approved the pipeline shortly after [Read more]
Cequence Energy Announces Third Quarter 2018 Financial Results
CALGARY, Nov. 8, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and nine-month periods ended September 30, 2018. The Company's Condensed Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Third quarter and subsequent Company highlights include: Achieved average quarterly production of [Read more]
Paramount Resources Ltd. Reports Third Quarter 2018 Results
CALGARY, Nov. 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Sales volumes averaged 80,471 Boe/d in the third quarter of 2018, including 29,831 Bbl/d or 37 percent liquids. Production was impacted by scheduled turnarounds at a third-party facility in Karr and Paramount's 8-9 facility in Kaybob, as well as the Resthaven/Jayar sale. In addition, an extended commissioning period for the Kaybob Smoky 6-16 plant expansion delayed the start-up of 4 (4.0 net) new Duvernay wells until early-November. [Read more]
Eagle Energy Inc. Announces Third Quarter 2018 Results
CALGARY, Nov. 8, 2018 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") is pleased to report its financial and operating results for the third quarter ended September 30, 2018. When reflecting on Eagle's third quarter and the Twining asset sale, Wayne Wisniewski, President and Chief Executive Officer, stated, "Eagle continues to execute its previously announced plan to reduce debt and corporate costs. To the end of September, and excluding one-time costs associated with the Salt [Read more]