CALGARY, Alberta, Nov. 22, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the "Company") is pleased to announce that it has changed its name to Iron Bridge Resources Inc., effective immediately. In connection with the name change, the Company's common shares are expected to start trading on the Toronto Stock Exchange under a new stock symbol: “IBR” at the open of markets on Monday, November 27, 2017. No action is required to be taken by the Company’s shareholders with respect to this corporate name [Read more]
Headlines
Suncor Energy announces further debt reduction
CALGARY, ALBERTA--(Marketwired - Nov. 22, 2017) - As announced earlier today, Suncor successfully closed the sale of a 49% equity interest in the East Tank Farm Development project for aggregate proceeds of $503 million. Suncor is directing the proceeds from this sale, together with the proceeds from the issuance earlier this month of US$750 million in aggregate principal amount of 4.000% senior unsecured notes due 2047, towards the early redemption of outstanding US$600 million 6.05% senior [Read more]
Connacher Announces Q3 2017 Results
CALGARY, Nov. 22, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2017 ("Q3 2017") (all amounts are in Canadian dollars unless otherwise noted). Through improved pricing, major cost structure reductions, and high operational reliability, the Company continued to improve its operating netback and adjusted EBITDA in Q3 2017. Financial Q3 2017 and YTD 2017 revenue, [Read more]
First shipment of LNG from Canada to China launches from B.C.
Shipment opens door to B.C. becoming competitive exporter in the global marketplace SURREY, BC, Nov. 22, 2017 /CNW/ - Canada's liquefied natural gas (LNG) export industry recently reached a milestone with the departure of its first shipment to China in a pilot project to determine long-term feasibility. LNG was supplied by FortisBC's Tilbury facility in Delta, logistics and equipment were provided by True North Energy Corporation and CIMC ENRIC Holdings Limited, and the cargo was shipped from [Read more]
U.S. oil rig count up in Nov, first monthly build since July -Baker Hughes
U.S. energy companies this week added oil rigs, with the monthly rig count rising for the first time since July as crude prices traded near their highest levels since the summer of 2015. Drillers added nine oil rigs in the week to Nov. 22, bringing the total count up to 747, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Wednesday. Baker Hughes released the rig count early this week due to the U.S. Thanksgiving Day holiday on Thursday. The [Read more]
Column: Burnaby Mayor is holding up Trans Mountain and here’s what you can do
If you thought the Kinder Morgan TransMountain expansion was approved and good to go, it turns out you were only half right. Oh sure, the Federal government is on-side, and so is National Energy Board. So, too, are all First Nations along the route. As large infrastructure projects go, TransMountain’s approval is especially strong. Why is it not yet proceeding? Who’s holding it up? It turns out the delay is coming from a local mayor in the BC city of Burnaby, and his friends in the [Read more]
TransCanada ‘cautiously optimistic’ after Nebraska decision – Alberta premier
TransCanada Corp is "cautiously optimistic" about prospects for construction of its Keystone XL pipeline even after the state of Nebraska denied the company's preferred route, the leader of the oil-producing province of Alberta said on Wednesday. The comments by Premier Rachel Notley, whose government spoke with TransCanada representatives after the decision, were the first indication of the company's stance on Monday's announcement from the Nebraska Public Service Commission. TransCanada has [Read more]
Notley pleas with political foes, allies to support Alberta pipeline projects
OTTAWA - Alberta Premier Rachel Notley issued warnings to all political parties to take off their partisan blinders or both the environment and Canada's energy industry will fail. Notley was in Ottawa on Tuesday as part of a national outreach effort to get more buy in for pipeline expansions in Canada. In a speech at the Economic Club of Canada and a roundtable discussion with The Canadian Press, she pleaded with political allies and foes alike to work with her. "You know that [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Nov. 21 Field Operator Roska DBO Progress Field Nov. 21 4th Class Junior Operator Roska DBO Peace River Nov. 21 Surface Land Administrator (Temporary) Canadian Natural Resources Grande Prairie Nov. [Read more]
U.S. hedge fund reports owning more than a 5% stake in Obsidian Energy
CALGARY - Activist investor FrontFour Capital says it will attempt to influence decisions at Calgary-based Obsidian Energy Ltd. (TSX:OBE) after accumulating more than 27 million shares. The Greenwich, Conn.-based hedge fund says in a declaration filed with the U.S. Securities and Exchange Commission that it has a 5.5 per cent stake in the oil and gas company formerly known as Penn West Petroleum. The filing is required if any entity owns more than five per cent of a publicly traded [Read more]