CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to report financial and operating results for the year and three months ended December 31, 2017. Detailed results and additional information are presented in Strategic's 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
Canada Weekly Rig Count Continues Spring Breakup Decline, Down 27 to 134
Western Canada’s fleet of drilling rigs went down 27, amidst spring breakup, to a current count of 134 according to data collected by Baker Hughes for the week of March 29th. From one week ago, Alberta rig counts decreased from 128 to 114, Saskatchewan's rig count decreased from 14 to 6. Oil drilling went from 93 to 71; gas rigs went down from 68 to 63. View a full breakdown of western Canada’s rig activity. [Read more]
Grain railway backlog another reason to expand oil pipeline: Alberta premier
LETHBRIDGE, Alta. - Alberta Premier Rachel Notley says Canada will continue to have trouble moving grain across the country unless more oil pipelines are built. Notley says moving oil by rail means there are fewer trains to ship grain for export. Grain shipments in Canada have been delayed for the second time in four years as railways grapple with a larger-than-expected grain crop and extreme winter weather. Saskatchewan Premier Scott Moe has said producers are struggling [Read more]
U.S. oil drillers cut rigs for first week in three
U.S. energy companies this week cut oil rigs for the first time in three weeks even as crude prices hover near three-year highs. Drillers cut six oil rigs in the week to March 29, bringing the total count down to 798, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Thursday. Baker Hughes published its North American rig count report on Thursday, one day earlier than usual, due to the Good Friday holiday on March 30. The U.S. rig count, an [Read more]
New shipment of Canadian LNG to set sail to meet growing Chinese demand
SURREY, BC, March 29, 2018 /CNW/ - China's desire for liquefied natural gas is growing and China Energy Reserve and Chemicals Group is working with FortisBC to export Canadian LNG to help meet that demand. Twenty LNG containers are currently being filled for CERCG at FortisBC's Tilbury facility and will set sail for China shortly. More LNG shipments are being planned throughout 2018 to help CERCG meet the energy needs of its customers with a lower carbon alternative to more traditional [Read more]
Toscana Energy Announces Proposal to Amend its Convertible Debentures
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) announces that it will seek the approval of holders (the "Debentureholders") of its 6.75% convertible unsecured subordinated debentures due June 30, 2018 (the "Debentures") to approve certain amendments to the trust indenture between the Corporation and Valiant Trust Company (which was acquired by Computershare Trust Company of Canada) dated as of the 11th day of [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Year End 2017 Results and Operational Update
CALGARY, March 29, 2018 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its audited consolidated financial statements, Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2017. RECENT HIGHLIGHTS Financial Earnings Highlights Tidewater delivered its tenth consecutive quarter of growth reporting Adjusted EBITDA of $17.0 million or $0.05 [Read more]
Calvin Helin to keynote address about Eagle Spirit Pipeline at SPE/CHOA Slugging it Out Conference on April 17 in Calgary.
The SPE/CHOA Slugging it Out Conference is only 3 weeks away – Register today! This year’s Slugging it Out, themed ‘Cruder Things’, is an industry favorite you don’t want to miss. The annual one-day conference, organized jointly by SPE and CHOA, is in its 26th year of providing project updates, new technology and innovative solutions to oil and gas professionals. Be sure to join us on Tuesday, 17 April at the BMO Centre at Stampede Park in Calgary, Alberta. The conference will feature an [Read more]
Clearview Resources Ltd. Announces Proposed Acquisition of Bashaw Oil Corp. and Appointment of President & CEO
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview”) announces that it has entered into an amalgamation agreement dated March 27, 2018 with Bashaw Oil Corp., a private company (“Bashaw”), with respect to the amalgamation of Bashaw with 2106458 Alberta Inc. (“Clearview Subco”), a newly incorporated, wholly-owned subsidiary of Clearview established to effect a “three-cornered” amalgamation, whereby Bashaw and Clearview Subco will amalgamate. Pursuant to the [Read more]
Waterous Energy Fund Announces Entry Into Arrangement Agreement With Cona Resources Ltd.
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Waterous Energy Fund announced that certain of its affiliates, Waterous Energy Fund (International) L.P. and Waterous Energy Fund (Canadian) L.P. (collectively, “WEF”), entered into an arrangement agreement (the "Arrangement Agreement") with Cona Resources Ltd., ("Cona") on March 27, 2018, whereby WEF agreed to acquire all of the common shares of Cona ("Common Shares") not currently owned by WEF pursuant to a plan of arrangement under [Read more]