CALGARY, Alberta, Sept. 06, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the successful closing of the previously announced acquisition of the Cenovus Pipestone Partnership (the "Acquisition") which holds assets in the Pipestone area of Northwest Alberta ("the Acquired Assets"). The Acquisition was partially funded through an offering of 47,415,801 subscription receipts ("Subscription Receipts") at a price of $8.10 per Subscription [Read more]
Headlines
Indigenous groups have specific, measurable requests that could save pipeline
OTTAWA - Rerouting the pipeline expansion to avoid a First Nation's aquifer and ensuring another First Nation will always be immediately notified of a pipeline spill are among the steps Ottawa could take to address Indigenous concerns about the Trans Mountain pipeline. The pipeline already runs between Edmonton and Burnaby, B.C. carrying various types of crude and refined oil products to be shipped on tankers through the Burrard Inlet to the Pacific Ocean. The expansion proposes to build a [Read more]
“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 vs. Eastern Canada vs. Western Canada. How much demand will new Petrochemical projects really create? Can Canada better position itself to become a competitive player by capitalizing on [Read more]
Prime minister promised new timeline on TMX pipeline in weeks: Alberta premier
CALGARY - Alberta Premier Rachel Notley says the federal government has promised a fast-track timeline to resume construction on the stalled Trans Mountain pipeline expansion project. "The prime minister pledged to me that a clear and reliable timeline to resume construction will be established within weeks, not months," Notley told reporters Thursday after a meeting with officials and oil industry leaders. "We've both instructed our officials to get to work immediately and burn the [Read more]
Sequoia Resources Corporation: Property Divestiture
On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”). Sayer Energy Advisors has been engaged to assist the Trustee with the sales process of certain of Sequoia`s oil and natural gas properties. The properties are located in the Sullivan Lake, Ferrybank, Crystal, [Read more]
Mazeppa Gas Plant Decommission and Equipment Salvage
Millenia Engineering has been engaged to assist Grant Thornton Limited, solely in its capacity as the Receiver of Lexin Resources Ltd., 0989 Resource Partnership, 1051393 BC Ltd., LR Processing Ltd. and LR Processing Partnership with the sale of equipment and materials from the Mazeppa Gas Plant located at SE¼-35-019-28 W4M. The Receiver is soliciting interest to commence due diligence and submit a proposal or proposals for the purchase of equipment and materials in accordance with the terms and [Read more]
Introducing geoLOGIC basinINTEL, powered by BetaZiTM
Calgary, Alberta- September 4, 2018− geoLOGIC systems ltd., Canada’s leading oil & gas information provider, is pleased to announce a new joint-initiative with California-based predictive analytics leader BetaZi LLC. geoLOGIC basinINTEL, powered by BetaZiTM, combines geoLOGIC’s premium data with BetaZi’s unique physio-statistical algorithm to deliver accurate, pre-computed probabilistic production forecasts for every well in Western Canada. geoLOGIC basinINTEL type curves, EURs and [Read more]
Trump’s Impact on the O&G Industry: How to Reduce Exposure to Tariffs
With the future of NAFTA still uncertain, the imposition of new U.S. “safeguard” tariffs and Canada’s surtax countermeasures, the issue of customs duties and tariffs is at the top of every oil & gas company’s corporate tax and supply chain planning agendas. Join BDO Canada's leading customs and international trade expert Charmaine Goddeeris, and special guest speaker Damon V. Pike, President of Global Trade Strategies, Inc. (a BDO Alliance USA member firm), for a one-hour webinar [Read more]
Monitor, manage and enter data remotely with Zedi Go
How are your field operators collecting their data these days? In a tally book? Or a reading sheet? Or are they wrestling with a laptop in their truck on a remote well site? If you answered yes to any of those, here’s the next question: How’s that working? Do those pages get lost? Are they readable? Are there ever transposed numbers? And, finally, how long does it take to decipher those numbers and input into your computer system? I didn’t even bring up coffee stains, illegible [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Sep 06 2018 Title Review & Due Diligence: A How To Acquisitions and Divestments open Sep 26 2018 ROFR Issues: An Interpretative Approach Agreements and Contractual Issues open Sep 27 2018 Alberta Crown Lease Continuation (morning) Regulations open Sep 27 2018 Alberta P&NG Regulations [Read more]