CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce it is expanding its 2018 drilling program by approximately $15 million at the Company’s West Bigstone Montney property. The expanded capital program follows up on successful delineation drilling conducted in 2017 and the first half of 2018 which confirmed the liquids-rich, high productivity nature of the western portion of the greater Bigstone Montney area, as demonstrated [Read more]
Headlines
Pembina Pipeline Corporation Extends Secured Growth with $1.3 Billion of New Integrated Infrastructure Development
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about Adjusted EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Nov. 1, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) [Read more]
Advantage Announces Executive Appointment – Chief Operating Officer
CALGARY, Nov. 1, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the appointment of Mr. Michael Belenkie to the position of Chief Operating Officer. Mr. Belenkie has over 20 years of experience in the oil and gas industry in a variety of senior management roles which included a diversity of both technical and high level business positions. Mike holds a Mechanical Engineering degree and his work experience includes major producers and [Read more]
Service sector predicts Canadian drilling activity will fall even more in 2019
CALGARY - The Petroleum Services Association of Canada is predicting more pain for the oil and gas sector next year. It predicts a total of 6,600 wells will be drilled in Canada in 2019, down about five per cent from an expected 6,980 wells this year, adding that translates to a year-over-year decrease of up to $1.8 billion in capital spending by exploration and production companies. Outgoing association chief executive Tom Whalen says the oilfield services sector in Canada is headed for a [Read more]
AER says $260-billion energy cleanup estimate based on ‘worst-case’ scenario
CALGARY - The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector's accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter of the presented number, it said in a statement Thursday. "The numbers are staggering — $260 billion in total liability, which is $200 billion more than we have consistently reported," it stated. "This particular estimate was [Read more]
Pembina Pipeline Corporation Reports Third Quarter 2018 Results
Pembina reports strong third quarter results with record volumes and a tripling of earnings over the prior year. All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Nov. 1, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the third quarter of 2018. Operational and Financial Overview 3 Months Ended September 30 9 Months [Read more]
Shell Canada sees cost advantage in LNG Canada expansion
An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada's president said on Thursday. The first phase of the C$41 billion ($31.3 billion) Royal Dutch Shell -led project was given the go-ahead last month, firing up a race among companies eager to be the next to tap into booming Asian demand for the gas that is supercooled into liquid form [Read more]
Whitecap Resources Inc. Announces Record Funds Flow and Third Quarter 2018 Results
CALGARY, Nov. 1, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2018. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Encana delivers strong third quarter financial and operational performance; significant liquids growth driving margin expansion and returns
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- TSX, NYSE: ECA Encana delivered strong financial performance in the third quarter driven by significant liquids growth, high realized pricing and continued efficiencies. Financial and operating highlights from the quarter include: net earnings of $39 million cash from operating activities of $885 million, up 148 percent year-over-year non-GAAP free cash flow of $66 million; company is on track to generate full-year non-GAAP free [Read more]
Encana announces strategic combination with Newfield Exploration Company; intends to raise dividend by 25 percent and expand its share buyback program to $1.5 billion, post closing
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) and Newfield Exploration Company (Newfield) (NYSE: NFX) today announced that they have entered into a definitive agreement whereby Encana will acquire all of the outstanding shares of common stock of Newfield in an all-stock transaction valued at approximately $5.5 billion. In addition, Encana will assume $2.2 billion of Newfield net debt. The strategic combination will create a leading multi-basin [Read more]