BURNABY, B.C. - The RCMP arrested protesters Thursday as officers enforced a court injunction to dismantle a protest camp and snuff a sacred fire at a site where the Trans Mountain pipeline ends in Burnaby, B.C. Cpl. Daniela Panesar said police began enforcing an order obtained by the City of Burnaby last week from the B.C. Supreme Court. An update posted on social media by the detachment said 11 people were removed from the site known as Camp Cloud. "Five were subsequently arrested and [Read more]
Headlines
US energy secretary: Mexico’s energy independence good goal
MEXICO CITY - U.S. Energy Secretary Rick Perry says he supports the plans of Mexican President-elect Andres Manuel Lopez Obrador to increase the country's energy independence, even if it could mean fewer purchases from U.S. refineries. The U.S. is opening new markets for its energy products daily and having Mexico develop its own energy resources will only benefit North America's economic security, Perry said. Perry spoke to reporters Wednesday in Mexico City after meeting with Lopez [Read more]
Line 3 Replacement Project Moving Forward, Growing the Canadian Economy While Protecting the Environment
MORDEN, MB, Aug. 16, 2018 /CNW/ - Canada is a place where the environment and the economy go hand in hand. Providing a stable, effective regulatory regime to approve and oversee pipeline operations is integral to safeguarding the environment, while supporting projects in the national interest that create good jobs, strengthen and grow the middle class and help get Canada's resources to world markets will deliver economic benefits for all Canadians. Canada's Minister of Natural Resources, the [Read more]
Strategic Oil & Gas Ltd. Announces Second Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and six months ended June 30, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on SEDAR [Read more]
The Regional Outlook for NGLs and Petrochemical Projects with Gerry Goobie, Principal at Goobie Tulk Inc.
“Despite the current struggles of natural gas producers in Canada, analysts believe the outlook for the sector is improving” as reported recently in the National Post. Still, questions arise on how the outlook may be improving. Clearly, Monetization of NGLs has become an important component of WCSB producers profitability. But the devil is in the details. What is the future for Ethane, Propane & Butane Supply/Demand balances? How does US Competition square up vrs Eastern Canada vrs [Read more]
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2018
CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Storm has also filed its unaudited condensed interim consolidated financial statements as at June 30, 2018 and for the three and six months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com. Selected financial and operating information for the three and six months ended June 30, 2018 appears below [Read more]
Junex Inc. and Cuda Energy Inc. Complete Business Combination and Acquisition of Wyoming Powder River Basin Assets
QUÉBEC CITY and CALGARY, Aug. 14, 2018 /CNW/ - Junex Inc. ("Junex") (TSXV:JNX) and Cuda Energy Inc. ("Cuda") are pleased to announce the successful completion of their previously announced business combination pursuant to a plan of arrangement under the Business Corporations Act (Québec) (the "Arrangement") to form a combined entity named Cuda Oil and Gas Inc. ("New Cuda"). Concurrent with the Arrangement, New Cuda also completed the previously announced acquisition of a high growth light oil [Read more]
What Happens to Chain of Title During Insolvencies?
Are oil and gas companies responsible for the end of life liabilities of assets they divest if the acquiring company goes bankrupt? This question has been reverberating throughout the oil and gas industry since the Redwater case first went to trial and with subsequent high-profile bankruptcies in Alberta. The fear is that companies will sell an asset to another entity that eventually goes bankrupt, and the Alberta Energy Regulator (AER) and Orphan Well Association (OWA) will come knocking on the [Read more]
Iron Bridge Resources Provides Operations Update and Reports Second Quarter 2018 Financial Results
CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Iron Bridge Resources Inc. (TSX:IBR) (“Iron Bridge”, “IBR” or the “Company”) today provides a Gold Creek operations update and reports its financial results for the second quarter ended June 30, 2018. Gold Creek Montney Operations Update At Gold Creek, Iron Bridge holds a large, strategically-positioned land base of 49,600 net acres (77.5 net sections) within the oil-rich window of the Gold Creek Montney formation, with substantial multi-year [Read more]
Alberta Metis vote to support Trans Mountain oil pipeline expansion through B.C.
LAC LA BICHE, Alta. - An organization that represents Metis in Alberta says it supports the expansion of the Trans Mountain oil pipeline through B.C. The Metis Nation of Alberta says members voted in favour of the resolution at a conference on Sunday. President Audrey Poitras says solid economic investment, including pipelines like the Trans Mountain, is the right way to go. The expanded pipeline would triple the amount of diluted bitumen that is shipped from Alberta to a terminal in [Read more]