CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") is pleased to provide the following operational and corporate update. Operational Update On December 22, 2017, Chinook commissioned the on-time expansion of its compressor station at Birley/Umbach from 25 mmcf/d to 50 mmcf/d. Total costs for this facility expansion were $13.8 million ($11.1 million net). With the completion of this expansion, the Company now has the capacity to [Read more]
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Kinder Morgan says Trans Mountain project could be a year behind schedule
CALGARY - Kinder Morgan Canada Ltd. said Wednesday that the Trans Mountain pipeline expansion project could be a year behind schedule as it continues to encounter permitting delays. The estimate is three months further behind from the company's last estimate in December, and now potentially puts the $7.4-billion project in service by Dec. 2020 depending on regulatory, permit and legal approvals. Calgary-based Kinder Morgan Canada (TSX:KML) said it has scaled back spending in 2018 [Read more]
Kinder Morgan Canada Limited Declares Dividends and Announces Results for Fourth Quarter of 2017
Continues to Pursue Primarily Permitting Strategy on Trans Mountain Expansion Project; Made Progress on Permitting in the Fourth Quarter; Ends 2017 with No Outstanding Debt CALGARY, Jan. 17, 2018 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the fourth quarter of 2017 of $0.1625 per restricted voting share ($0.65 annualized), payable on February 15, 2018, to restricted voting shareholders of record as of January 31, 2018. KML's restricted [Read more]
Oil edges back from early gains, but prices still supported
Oil prices weakened following early gains on Wednesday, but remained underpinned by tightening supply and strong global demand. Tighter fundamentals have lifted both crude futures benchmarks about 13 percent above levels in early December, helped by production curbs by OPEC and Russia, as well as by healthy demand growth. U.S. West Texas Intermediate (WTI) crude futures were at $63.63 a barrel, down 10 cents on the day and down from an earlier high of $63.96. WTI hit $64.89 on Tuesday, [Read more]
Kuwait oil minister says so far no plan to exit oil cuts
Kuwait’s oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. “The production-reduction agreement will remain for a long time and there is no thinking right now to exit it,” Rashidi told a news conference in Kuwait City. He said a Jan. 21 committee meeting of some OPEC and non-OPEC ministers in Oman would focus on reviewing adherence to the cuts, adding that compliance in [Read more]
Long-Term Shareholder FrontFour Capital Expresses Concerns Regarding Obsidian Energy Ltd.
GREENWICH, Conn., Jan. 17, 2018 /PRNewswire/ -- FrontFour Capital Group LLC together with its affiliates ("FrontFour") today commented on recent developments related to Obsidian Energy Ltd. ("Obsidian" or the "Company") (TSX/NYSE: OBE). FrontFour and its principals are significant long-term shareholders of Obsidian, collectively beneficially owning over 28 million outstanding shares, representing approximately 5.7% of Obsidian's outstanding capital. As previously disclosed in its Schedule 13D [Read more]
Yangarra Provides Operations Update and 2018 Guidance
CALGARY, Jan. 16, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update, outlines 2018 guidance and provides a hedging program update. Operations Update Production for 2017 averaged approximately 5,750 boe/d which is a 91% increase on a production per share basis when compared to 2016. December 2017 production averaged approximately 7,500 boe/d (62% liquids) with fourth quarter 2017 production estimated at 6,700 boe/d. The Company's [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Field Mechanic Lead High Arctic Energy Services Acheson Plant & Field Operator Roska DBO Grande Prairie PRODUCTION OPERATOR, WEST 5 Paramount Resources Ltd. Sundre or Rocky Mountain House Chemical [Read more]
Norway awards record 75 oil exploration licenses
Norway has awarded a record 75 offshore oil exploration licences, to Statoil , Aker BP Shell , Total and ConocoPhillips among others, the energy ministry said on Tuesday. The licenses comprised 45 in the North Sea, 22 in the Norwegian Sea and eight in the Barents Sea and were awarded in a so-called annual predefined areas (APA) licensing round, introduced by Norway in 2003 to encourage exploration and development of discoveries near existing infrastructure. "The number of [Read more]
Delphi Energy Provides Operations Update
CALGARY, Alberta, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an operations update. Q4 2017 production up 29% from a year earlierQ4 2017 condensate production up 67% from a year earlier2017 capital program executed within budgetQ4 realized natural gas price estimated to be Cdn$3.53 per mcf compared to AECO pricing of Cdn$1.69 per mcfPositive recent well results on frac innovations First West Bigstone well in six years now drilled [Read more]