REGINA - Saskatchewan Premier Scott Moe says his government was taken by surprise by federal legislation that calls for imposing a carbon tax on the province. Moe says the federal Liberals didn't give Saskatchewan any notice of the bill that was introduced Tuesday in Ottawa. He says he is not aware of the details of the federal legislation but reiterated that his government plans to challenge it in court. Saskatchewan is the only province that has refused to sign the federal [Read more]
Headlines
Bashaw Oil Corp sour well applications denied
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Bashaw Oil Corp. (Bashaw) will not be allowed to drill three critical sour oil wells two kilometres east of Rocky Rapids after the Alberta Energy Regulator (AER) denied the company’s applications due to public safety concerns. In December, the AER held a hearing in Drayton Valley to hear Bashaw and parties express concern about the company’s applications. The AER determined that Bashaw’s site-specific emergency response plan was incomplete [Read more]
Prairie Provident Announces Fourth Quarter and Year-End 2017 Financial and Operating Results
CALGARY, Alberta, March 28, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") (TSX:PPR) is pleased to announce its operating and financial results for the three months and year ended December 31, 2017, and to provide an operational update. PPR’s audited consolidated financial statements ("Annual Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three months and year ended December 31, 2017 and [Read more]
Connacher Enters Into Support Agreement With Lenders and Obtains Court Authorization to Commence Sale and Investment Solicitation Process
CALGARY, March 28, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that the Court of Queen's Bench of Alberta (the "Court") in Connacher's Companies' Creditors Arrangement Act ("CCAA") proceeding has approved Connacher's entry into a Support Agreement (the "Support Agreement") with first lien lenders holding in excess of 75% of the principal amount of debt outstanding under the First Lien Credit Agreement dated as of May 23, 2014 (as amended) (the [Read more]
Pembina Pipeline Corporation Announces Alliance Pipeline Open Season
CALGARY, March 28, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. ("Alliance"), of which it owns a 50 percent interest, has commenced a binding open season ("Open Season") for expansion capacity commitments. Alliance today announced a binding Open Season for expansion capacity commitments. The Open Season is for an estimated 400 million cubic feet per day of additional firm service, commencing at an [Read more]
Corridor Announces 2017 Year End Results
HALIFAX, NOVA SCOTIA--(Marketwired - March 28, 2018) - Corridor Resources Inc. ("Corridor" or the "Company") (TSX:CDH) announced today its 2017 year-end financial results. Corridor's annual financial statements, annual management's discussion and analysis and Annual Information Form for the year ended December 31, 2017 have been filed on SEDAR at www.sedar.com and are available on Corridor's website at www.corridor.ca. All amounts referred to in this press release are in Canadian dollars unless [Read more]
New operating structure at Alliance Pipeline expected to result in fewer employees
CALGARY - One of the two Calgary-based pipeline companies that own Alliance Pipeline Ltd. says there will be an unspecified number of job cuts as the partners move to end its standalone management structure. Alliance says 50-50 partners Enbridge Income Fund, a division of Enbridge Inc., and Pembina Pipeline Corp. will manage Alliance through an "owner-operator model," with implementation to be completed during the summer. Enbridge spokeswoman Suzanne Wilton says "some workforce reductions" [Read more]
Burnaby appeal to Supreme Court over pipeline ‘showboating:’ Alberta premier
CALGARY - Alberta Premier Rachel Notley says a decision by the city of Burnaby, B.C., to take its fight over the Trans Mountain pipeline expansion to the Supreme Court is showboating. The city has said it will ask the country's highest court for leave to appeal a lower court ruling last week. The Federal Court of Appeal dismissed a bid by Burnaby and the B.C. government to challenge a National Energy Board decision that cleared the way for Kinder Morgan to bypass local bylaws during [Read more]
U.S. oil producer costs climb with more drilling: Fed Survey
HOUSTON (Reuters) - Oil and gas business activity continued to climb last quarter, driven by an improved oilfield services sector, but costs for goods and labor also rose, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly energy survey. About 65 percent of the 140 energy firms surveyed in Texas, southern New Mexico and northern Louisiana reported increased activity from a year ago. During that time, U.S. oil prices have climbed more than 30 percent to near $65 a barrel [Read more]
OPEC to stick to supply curbs despite oil rally
LONDON/DUBAI, March 28 (Reuters) - OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output. OPEC, Russia and several other non-OPEC producers have curbed output since January 2017 to erase a global glut of crude that had built up since 2014. They have extended the pact until the end of 2018, and meet on [Read more]