EDMONTON - Alvaro Pinto wants Alberta's energy regulator to follow its own oilsands rules. The director of sustainability for the Fort McKay First Nation — a community surrounded by oilsands developments — said he doesn't understand how the agency can say it's going to enforce one thing, then allow industry to do something else. "We are very disappointed," said Pinto, an environmental engineer who has worked in the industry around the world. "The Alberta Energy Regulator is simply ignoring [Read more]
Headlines
Clearview Resources Ltd. Reports Year End Results
CALGARY, Alberta, June 29, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the year ended March 31, 2018. Strategy Over the past fiscal year, the Company continued to transform from a non-operated producer into a growth-oriented, light oil focused operator of a majority of its production. Building on the properties acquired in the Greater Pembina area late in the fourth quarter of the prior [Read more]
Canada Weekly Rig Count Up 12 to 172
Western Canada’s fleet of drilling rigs went up from 160 to 172 according to data collected by Baker Hughes for the week of June 29. From one week ago, Alberta rig counts increased from 103 to 112. Saskatchewan's rig count increased from 39 to 41. Oil drilling went from 103 to 117; gas rigs went from 57 to 55. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. oil drillers cut rigs for 2nd week in a row
(Reuters) - U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March. Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That was the first time drillers cut rigs for two weeks in a row since October 2017. For the month, the rig count decreased by one, its first decline since March. For [Read more]
Enbridge: no plans to use own security during Line 3 construction
ST. PAUL, Minn. (Reuters) - Enbridge Inc will not hire private security during construction of its Line 3 oil pipeline as it seeks to avoid the violence that erupted between protesters and security at the Dakota Access Pipeline (DAPL), a senior Enbridge official said on Friday. “No one wants a Dakota Access situation,” said Guy Jarvis, Enbridge’s executive vice-president of liquids pipelines and major projects, in an interview. “We certainly don’t plan to be engaging our own security efforts [Read more]
Point Loma Resources Announces Closing of Private Company Acquisition
Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has closed the previously announced acquisition of a private oil and gas company (the “Acquisition”). The purchase price of the Acquisition was $1,557,600.00 and was paid with the issuance of 5,192,000 common shares of the Corporation. Highlights Point Loma has acquired a private oil and gas company with assets focused in East Central Alberta at [Read more]
TransGlobe Energy Corporation Announces Admission to Trading on AIM
AIM & TSX: “TGL” - NASDAQ: “TGA” CALGARY, Alberta, June 29, 2018 (GLOBE NEWSWIRE) -- Further to its announcement on 1 June 2018, TransGlobe Energy Corporation (“TransGlobe” or “the Company”), an independent international upstream oil and gas company with exploration and production operations in Egypt and Canada, is pleased to announce today that its common shares have been admitted to the AIM market of the London Stock Exchange and have begun trading under the ticker “TGL”. Upon Admission, [Read more]
Enbridge’s Line 3 Replacement Project Approved by Minnesota Public Utilities Commission
CALGARY, June 28, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB), Enbridge Energy Partners, L.P. (NYSE:EEP) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (collectively referred to as Enbridge) announced today that the Line 3 Replacement Project has been approved by the Minnesota Public Utilities Commission (PUC). The PUC granted Enbridge a Certificate of Need for the project and approved Enbridge's preferred route with minor modifications and certain conditions. Commenting on [Read more]
Waterous Energy Fund Closes First Fund at Hard Cap of $1.4 Billion
CALGARY, June 28, 2018 /PRNewswire/ - Waterous Energy Fund ("WEF") today announced the final closing of its first fund, Waterous Energy Fund, L.P. (the "Fund"), exceeding its original target of $1.0 billion and hitting the Fund's hard cap of approximately $1.4 billion. Adam Waterous, CEO, said: "We sincerely appreciate the confidence that our investors have shown in our team and our existing portfolio. We are thrilled to be partners with a select group of institutional investors with [Read more]
US gas pipeline industry wants help beating back green groups
The United States should help the natural gas industry push back against opposition by environmental groups to pipeline projects by adopting new regulations or laws that favor infrastructure, backers of the industry said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have had a difficult time in recent years getting shipments to some regions, including fuel-hungry New England, as environmental lawsuits by states, green groups and property [Read more]