Dear Senator, I am writing you today to implore you to stop Bill C-69. As a Senator you have the power to apply sober second thought to this legislation and do what is right for Canada. I have been involved in the energy sector over the past 25 years in a variety of facets, from the raising of capital (Managing Director of Institutional Research) through to the deployment of that capital (Chief Financial Officer of a private oil and gas producer). Over those years I have come to understand [Read more]
Headlines
TD Bank says Alberta’s recovery ‘not heroic,’ but economy is improving
CALGARY - TD Bank says Alberta's battered economy is headed in the right direction, but warns there are still a number of hurdles that could hinder recovery. A report released Thursday by deputy chief economist Derek Burleton is predicting economic growth between two and 2 1/2 per cent for Alberta in the next year which follows an increase of nearly 4.9 per cent in 2017. "It was a nice bounce back last year, but growth is settling down this year and we're of the mind that you're gonna get [Read more]
IHS report forecasts 16 to 23 per cent emissions intensity drop for oilsands
CALGARY - A new report by research firm IHS Markit forecasts the intensity of oilsands emissions to improve by between 16 and 23 per cent by 2030. The report by IHS vice-president Kevin Birn found emissions intensity, which measures how much greenhouse gas emissions are produced per barrel of crude, to have already dropped by 21 per cent between 2009 and 2017. Birn says the intensity of mining-based oilsands operations stood at an average of 83 kilograms of carbon dioxide per barrel last [Read more]
Shell to Release Offshore Rights on Canada’s West Coast to Support Marine Conservation
CALGARY, Sept. 13, 2018 /CNW/ - To support marine conservation efforts, Shell Canada ("Shell") today announced it intends to voluntarily release about 50,000 km2 of exploratory permits off coastal British Columbia, Canada. More than one and a half times the size of Vancouver Island, the acreage is located in the Queen Charlotte and Tofino basins covering vast and environmentally rich areas. Shell's permit area, which has been under Federal moratorium since 1972, overlaps with about one-third of [Read more]
Regional Assessment of Offshore Oil and Gas Exploratory Drilling East of Newfoundland and Labrador – Public Comments Invited
OTTAWA, Sept. 13, 2018 /CNW/ - The Canadian Environmental Assessment Agency (the Agency), along with the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), Natural Resources Canada and the Department of Natural Resources for Newfoundland and Labrador, have developed a draft Agreement for a Regional Assessment of Offshore Oil and Gas Exploratory Drilling East of Newfoundland and Labrador, in the Canada-Newfoundland and Labrador Offshore Area. This is the first regional [Read more]
Point Loma Resources Announces Non-core Gas Property Dispositions for Cash Proceeds
Calgary, Alberta (FSCwire) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into an agreement to sell a minor interest in a gas property acquired as part of a previous transaction. The sale price of the non-core disposition is approximately $350,000 net to Point Loma, before customary closing adjustments, and will be paid in cash. Highlights Point Loma and Salt Bush Energy (‘Joint Venture Partner”) have [Read more]
U.S. oil producers lock-in 2019, 2020 revenue as prices rally
NEW YORK (Reuters) - U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows. U.S. crude prices for 2019 and 2020, based on an average of each year’s monthly contracts, have climbed this week above $68 and $64 a barrel, respectively, the highest levels in over three years. The rally comes even as front-month prices have dropped [Read more]
Clearview Provides Update
Initial production ten-day average (“IP10”) of 500 barrels of oil per day from recently drilled Wilson Creek 15-20 Cardium horizontal well. Windfall 1-3 Bluesky horizontal well spud September 8th, 2018. Closed first tranche of private placement of common share equity. CALGARY, Alberta, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to provide the following operations and corporate update. Wilson Creek Clearview’s previously announced [Read more]
150+ Operations leaders from Enbridge, Suncor, Irving Oil, SaskPower, HydroOne, Toronto Hydro, Andeavor and NASA set to share their OpEx journey in Toronto this November at the 2018 Operational Excellence in Energy & Utilities Summit
150+ Operations leaders from Enbridge, Suncor, Irving Oil, SaskPower, HydroOne, Toronto Hydro, Andeavor and NASA set to share their OpEx journey in Toronto this November at the 2018 Operational Excellence in Energy & Utilities Summit. This November 26-28 over 150 Operations, Operational Excellence, EH&S, Asset Management and Reliability leaders are meeting in Toronto to learn the latest strategies for managing change, increasing efficiency and optimizing productivity - without [Read more]
InPlay Oil Corp. Announces Non–core Asset Rationalization, Operational Update, Acceleration of 2018 Cardium Drilling Program and Increased Production Guidance
CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell certain non-core oil and gas properties in the West Pembina area of Alberta for cash consideration of $16.7 million, subject to closing adjustments customary in transactions of this nature (the “Disposition”). InPlay plans to utilize the proceeds from the Disposition to accelerate Cardium [Read more]