CALGARY, Alberta, May 24, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to report financial and operating results for the three months ended March 31, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on SEDAR at [Read more]
Headlines
National Energy Board Recommends Approval of $1.4 Billion North Montney Mainline Project Variance
CALGARY, Alberta, May 24, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that the National Energy Board (NEB) has recommended the federal government approve a variance to the previously issued North Montney Mainline Project certificate, which would allow construction to start on the proposed $1.4 billion natural gas project in northeast British Columbia. The project is being advanced by TransCanada’s wholly-owned subsidiary, NOVA Gas [Read more]
Canada’s Natural Gas Future – A Panel Discussion
Natural gas has been globally identified as a key factor in the transition to a low carbon economy. It is 50% cleaner when displacing coal for power generation, reduces GHG by 18% compared to diesel, and is a flexible partner with renewable energy. At the same time there are positive economic benefits for Canadians and the opportunity for export of ongoing technological innovation. However, there are a number of present and future challenges. Join us for a panel discussion with industry [Read more]
Hemisphere Energy Announces Q1 2018 Financial and Operating Results
TSX-V: HME - VANCOUVER, May 23, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended March 31, 2018. Q1 2018 Highlights Achieved quarterly production average of 858 boe/d (95% oil), a 47% increase over the first quarter of 2017. Increased revenue by 48% to $3.4 million compared to the first quarter of 2017. Drilled three additional development wells for total capital [Read more]
NEB Decision for North Montney Mainline Project
CALGARY, May 23, 2018 /CNW/ - The National Energy Board (NEB or Board) announced today that it has approved NOVA Gas Transmission Ltd. (NGTL)'s request to modify its Certificate for the North Montney Mainline Project, and for certain associated Project modifications. However, given the changes, the Board found that NGTL's proposal to maintain the current tolling methodology was not appropriate for the long term. The Board directed provisional measures until a new methodology is developed and [Read more]
Oilsands tailings pond approval terms shortened for former Shell facilities
CALGARY - The Alberta Energy Regulator says it has approved tailings pond management plans for two former Shell Canada oilsands mines in northern Alberta but has identified "deficiencies" in the plans that must be addressed over the next three or four years. The regulator says the plans associated with the mines are inadequate in dealing with existing fluid tailings ponds, their proposed reclamation plans are uncertain over the medium and long term and there are concerns about the proposed [Read more]
Alberta refuses to endorse official statement from western premiers meeting
Alberta has refused to endorse the official statement stemming from the western premiers meeting in Yellowknife because it didn’t include support for the Trans Mountain pipeline. The final communique deals with issues such as pharmacare and legalization of marijuana. Alberta deputy premier Sarah Hoffman said without the wealth that would flow from the expansion of the pipeline, all discussions on such issues are moot. “All of this costs money and we have one way to ensure we have that money [Read more]
Singh says No to Trans Mountain, maybe to running in B.C. byelection
OTTAWA - NDP Leader Jagmeet Singh says he now opposes expanding the Trans Mountain pipeline — but he insists it has nothing to do with the fact a House of Commons seat is opening up in a riding where supporting the pipeline could hurt his chances. With two NDP premiers at odds over the project, Singh has tried to remain neutral, assailing Ottawa's review process and the federal government's reasoning in approving the expansion. Today, however, Singh says Finance Minister Bill Morneau's [Read more]
U.S. crude, gasoline inventories rise unexpectedly: EIA
NEW YORK (Reuters) - U.S. crude oil stockpiles climbed unexpectedly last week as net imports jumped, while gasoline stocks also posted a surprise build, the Energy Information Administration said on Wednesday. Crude inventories rose 5.8 million barrels in the week to May 18, compared with analysts’ expectations for a decrease of 1.6 million barrels. Inventories rose in part due to a sharp 1.4 million-barrels-per-day hike in net crude imports. Exports fell 818,000 bpd last week to 1.7 [Read more]
Duvernay Land Divestiture: Gear Energy Ltd. – Chigwell, Alberta
Sayer Energy Advisors has been engaged to assist Gear Energy Ltd. (“Gear” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Chigwell area of Alberta (the “Property”). The Property consists of Gear’s 100% working interest in 10.375 contiguous sections of Duvernay rights only. The Property is situated within the oil window of the East Shale Basin. Gear’s lands in the Chigwell area are offset to the southwest by recent Duvernay drilling activity in the Joffre [Read more]