VANCOUVER - Green Leader Elizabeth May pleaded guilty to a criminal contempt of court charge Monday, moments before a British Columbia Supreme Court judge said the MP exploited her position to encourage others to also break the law by violating his injunction at a Kinder Morgan work site. Justice Kenneth Affleck said May is also a lawyer and therefore had a responsibility to obey his order and to persuade others to do so. Affleck issued an injunction more than two months ago preventing [Read more]
Headlines
Jaguar Announces Appointment of Chief Financial Officer
CALGARY, Alberta, May 28, 2018 (GLOBE NEWSWIRE) -- Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX VENTURE:JRI) is pleased to announce Mr. Ian T. Tweedie, CA, CPA has succeeded Mr. Randy Boyd as the Chief Financial Officer. Mr. Tweedie who brings over 45 years of financial experience and a broad range of financial systems knowledge. Mr. Tweedie is an independent financial consultant with extensive financial and managerial experience in both public and private companies. He has [Read more]
Vermilion Energy Inc. Announces Closing of Acquisition of Spartan Energy Corp. and Credit Facility Extension and Increase
CALGARY, May 28, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have closed the acquisition of Spartan Energy Corp. ("Spartan") for total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares (valued at closing price prior to announcement) plus the assumption of approximately $175 million in debt, pursuant to the terms of the previously announced arrangement agreement (the "Arrangement"). Under the terms [Read more]
A misleading murder of crows – Excruciating energy media coverage explains, and causes, half our problems
Kids used to play a game, which they probably don’t anymore because it’s hard to do on an iPad, called telephone or some variant, where a message was started by one kid/teacher, then whispered from ear to ear until the last person on the chain announced what the message was, which was the compared to the original. The fun part of the game was how the message was so severely distorted through interpretation. In most grade 3 classes, or wherever this happened, the game worked best if there was at [Read more]
Pulse Oil Corp. Announces Acquisition of 3D Seismic for Enhanced Oil Recovery Project
CALGARY, May 28, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced today that Pulse has purchased a Bigoray-specific 3D seismic data set covering 2,916 acres (11.8 sq km's) encompassing Pulse's Nisku Reefs, the focus of Pulse's active Enhanced Oil Recovery ("EOR") program. This 3D seismic data set is critical for asset optimisation and will become a critical component of the contract awarded recently to Schlumberger Canada Limited to [Read more]
As clock ticks, doubts grow over Kinder Morgan’s oil pipe expansion
As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the $7.4 billion project. The company, a unit of Houston-based Kinder Morgan Inc , set a May 31 deadline to decide if it will proceed with the expanded line from Edmonton, Alberta to a port in the Vancouver area, which would give landlocked Canadian crude greater access to foreign [Read more]
Szymon Zephan Capital Seeks Securing Financing for Energy, Infrastructure, and Service Companies
After a 4 year drought of project funding, it has been confirmed that direction has been finally reversed in Canada. "Our funders are waiting to fund companies who are ready to grow their production base" says Shanaz Joan Parsan, the Head of Energy & Innovation at Szymon Zephan Capital in Toronto. "We have seen keen interest in energy and energy services and for those seeking control interest in deals larger than $75 million. There is interest for non control investments as well. Debt [Read more]
Crews cleaning up oil spill at Kinder Morgan station north of Kamloops, B.C.
DARFIELD, B.C. - Crews using an emergency response trailer and vacuum trucks are working to clean up a crude oil spill at a Kinder Morgan station north of Kamloops, B.C. The provincial Ministry of Environment said a flow metre has leaked about 100 litres of crude oil into the ground at the Darfield station. It said no waterways have been affected, and the spill has been contained within station property. In a statement, Kinder Morgan said it was alerted to an operational disruption [Read more]
Spartan Energy Corp. Announces Shareholder and Court Approval of Arrangement
CALGARY, Alberta, May 25, 2018 (GLOBE NEWSWIRE) -- Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that it has obtained approval from the holders (the "Spartan Shareholders") of common shares of Spartan (the "Spartan Shares") at a special meeting of Spartan Shareholders (the "Meeting") held today to consider the proposed plan of arrangement (the "Arrangement") pursuant to which Vermilion Energy Inc. will acquire all of the outstanding Spartan Shares, as [Read more]
Canada Weekly Rig Count Down 2 to 83
Western Canada’s fleet of drilling rigs went down 2 to 81 according to data collected by Baker Hughes for the week of May 25th. From one week ago, Alberta rig counts decreased 4 to 58 Saskatchewan's rig count increased from 6 to 9. Oil drilling went from 38 to 35; gas rigs went from 45 to 46. View a full breakdown of western Canada’s rig activity. [Read more]