A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts. Saudi Arabia, infuriated by Canada's demand last week that jailed activists in the kingdom be released immediately, expelled the Canadian ambassador on Sunday, blocked imports of Canadian grain and ended state-backed educational and medical programmes in [Read more]
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Surge Energy Inc. Announces Second Quarter 2018 Results; Current Production Exceeds 2018 Exit Rate; Adjusted Funds Flow Per Share Up 38 Percent Over Q1/18
CALGARY, Aug. 8, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2018. Based on excellent development drilling results in all three of Surge's core areas, together with successful waterflood results at Shaunavon and Eyehill, the Company's Q2/18 production significantly exceeded management's budgeted expectations. In Q2/18 Surge's production averaged 17,072 boepd (81 percent oil and liquids) - [Read more]
Laricina Energy Ltd. Announces Mailing of Directors’ Circular in Connection with its Acquisition by Canadian Natural Resources Limited
CALGARY, Aug. 8, 2018 /CNW/ - Laricina Energy Ltd. ("Laricina" or the "Company") is pleased to announce that it will today mail to shareholders the directors' circular in respect of the previously announced cash take-over offer by Canadian Natural Resources Limited ("Canadian Natural") for all of the issued and outstanding common shares of the Company at a price of $0.0815 in cash per share, upon the terms and subject to the conditions of the offer (the "Offer"). Canadian Natural has today [Read more]
MEG Energy Names Derek Evans as New Chief Executive Officer
New CEO brings extensive experience in the Canadian Oil and Gas industry with a proven track record of successful resource development and disciplined capital allocation CALGARY, Aug. 8, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") today announced that its Board of Directors has unanimously appointed Derek Evans to the position of President and CEO, effective immediately. Mr. Evans has over 35 years' experience in the Canadian oil and gas business, including nine years as [Read more]
Gear Energy Ltd. Announces Second Quarter 2018 Operating Results
CALGARY, Aug. 8, 2018 /CNW/ - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months [Read more]
Saudi-Canada dispute will not affect oil supplies -Saudi minister
Saudi Arabia's diplomatic dispute with Canada will not affect state oil firm Aramco's clients in Canada, the country's energy minister said.Saudi oil supplies are not subject to political considerations, Khalid al-Falih said in remarks quoted by Saudi Arabia's state press agency early on Thursday.Riyadh on Sunday froze new trade with Canada and expelled the Canadian ambassador. It also ended state-backed educational and medical programs in a dispute that was sparked by Canada [Read more]
Gibson Energy Announces One Million Barrel Expansion at Hardisty Terminal, Expansion of Moose Jaw Facility, Acceleration of U.S. Strategy and Increased 2018 Capital Budget
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it has secured an additional $200 million to $250 million of growth capital opportunities, consisting of the sanction of one million barrels of new tankage at the Hardisty Terminal, the expansion of the Moose Jaw Facility and the acceleration of the U.S. strategy through the extension of the Pyote gathering system. “Our announcement today represents the continued [Read more]
Gibson Energy Announces 2018 Second Quarter Results
All financial figures are in Canadian dollars CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today its operating and financial results for the three and six months ended June 30, 2018. Financial Highlights: Infrastructure segment profit of $68 million, an $11 million or 18% increase over the second quarter of 2017, primarily due to additional tankage entering service at the beginning of 2018 under take-or-pay, [Read more]
Zargon Oil & Gas Ltd. Provides 2018 Second Quarter Results and Provides Updated Guidance
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2018) Funds flow from operating activities of $0.58 million compared to a negative $0.30 million recorded in the prior quarter, and the positive $1.14 million reported in the second quarter of 2017. The increase from the prior quarter is primarily due to increased WTI prices and improved [Read more]
Bonterra Energy Corp. Announces Second Quarter 2018 Financial and Operational Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results as at and for the three and six months ended June 30, 2018. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website [Read more]