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]
Headlines
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]
Saskatchewan premier says bill that includes carbon tax took him by surprise
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]
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]