Net debt down $1.6 billion from previous quarter CALGARY, Alberta, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $700 million of free funds flow and nearly $1 billion in adjusted funds flow in the third quarter, driven by exceptional operating performance in its oil sands and refining and marketing businesses. Oil sands production exceeded 376,000 barrels per day (bbls/d) with record-low operating costs for the second straight quarter. [Read more]
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An interview with a former TransCanada executive on Canada’s pipeline bottlenecks, carbon pricing, Bill C-69 and more
Dennis McConaghy was for many years an executive with TransCanada. He now spends his time as an author (most recently of Dysfunction: Canada After Keystone XL) and commentator on energy and carbon issues in Canada. I spoke with Mr. McConaghy about a range of topics current to Canada’s oil and gas business and in the below Q & A interview, his observations are wide and many. McCall: What is the biggest frustration facing Alberta oil and gas in a year of big frustrations? McConaghy: As a [Read more]
Generational change in the work force affects how technology is used
Dave Howden, Director of Business Development at Red Dog Systems Inc. recently discussed his experience with generational change in the oil and gas workplace: I think many people feel that as there are generational changes in the workplace, technology acceptance will accelerate. I can’t say that I have seen this in the work place. There are a lot of folks in my generation that embrace new technology and a lot of folks in the younger generations that don’t. Age is not the difference, willingness [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. Posting Date Job Title Company Location Oct. 30 Senior Exploitation Engineer TAQA North Calgary Oct. 30 ACCOUNTS RECEIVABLE/CREDIT ANALYST (1 YEAR CONTRACT) - (CAT) Trican Well Service [Read more]
Blackbird Energy Inc. and Pipestone Oil Corp. Announce a Strategic Merger and $310 Million in Equity and Debt Financings to Form a Premier High Growth Pure-Play Condensate Rich Montney Company
CALGARY, Alberta, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have entered into an agreement (the “Arrangement Agreement”) dated October 29, 2018 that provides for the combination of Blackbird and Pipestone Oil (the “Transaction”). Concurrent with the Transaction, Blackbird and Pipestone Oil have entered into agreements with certain of their existing shareholders who have committed [Read more]
Saskatchewan introduces climate change legislation as feud with Ottawa continues
REGINA - The Saskatchewan government has introduced its own climate change law as its feud with Ottawa over a carbon tax continues to play out in the courts. The bill, which amends current climate legislation, lays the groundwork for standards to reduce industrial greenhouse gas emissions. Under the proposed legislation, large emitters would be required to register with the province and could receive credits for reaching targets. Environment Minister Dustin Duncan says large emitters [Read more]
Jupiter Announces Recapitalization Transaction
CALGARY, Oct. 30, 2018 /CNW/ - Jupiter Resources Inc. and its affiliates (collectively, "Jupiter" or the "Company") has reached an agreement with holders of approximately 85% of the Company's US$1.1 billion 8.5% senior unsecured notes due October 1, 2022 (the "Senior Notes") to effect a recapitalization transaction (the "Recapitalization Transaction"). The Company believes the Recapitalization Transaction is necessary to protect the significant long-term value in its resources, assets and [Read more]
AltaGas Announces Third Quarter Results and Framework for Balanced Funding Plan to Build Long-term Shareholder Value
CALGARY, Oct. 30, 2018 /CNW/ - Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Delivered $226 million in Normalized EBITDA1 and Advancing Midstream Business Closed the $9 billion acquisition of WGL Holdings, Inc. (WGL), creating a North American leader in the clean energy economy Strengthened Northeast B.C. Gas franchise by connecting Montney producers to Asian energy exports Recorded third quarter 2018 normalized Funds from [Read more]
Next-wave LNG race hits hurdles in U.S.-China trade war
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds. The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal, and this month's approval of a giant Canadian project led by Royal Dutch Shell bolstered enthusiasm for the [Read more]
Tidewater announces regulatory approval of pipeline to TransAlta, updates Q3 guidance and crude oil infrastructure initiatives and announces Q3 release details
CALGARY, Oct. 30, 2018 /CNW/ - Regulatory approval for TransAlta intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced 120 km natural gas pipeline connecting Tidewater's Brazeau River Complex to TransAlta Corporation's ("TransAlta") generating units at Sundance and Keephills (the "Pipeline"). The Pipeline will have [Read more]