CALGARY, May 15, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2018. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First quarter & subsequent Company highlights include: Achieved average quarterly production of 6,970 boe/d (17% liquids), an [Read more]
Headlines
Ottawa working behind the scenes to get Trans Mountain pipeline built: Trudeau
CALGARY - Prime Minister Justin Trudeau says there are some critics who will never be convinced that he's doing enough to ensure the Trans Mountain expansion project goes ahead, but he adds his government is working hard as a deadline imposed by pipeline builder Kinder Morgan fast approaches. "Let's be honest about these things. I don't think there is anything that I can say that would reassure some of my critics who have such little faith in my government getting anything done for Alberta," [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. Posting Date Job Title Company Location May. 15 FIELD SOFTWARE SUPPORT TECHNICIAN - (RDT) Trican Well Service Ltd. Red Deer May. 14 Technical Solutions Specialist Exaltexx Inc Grande Prairie May. [Read more]
Altura Energy Inc. Announces First Quarter 2018 Results, Sale of Assets for $28.4 Million and Acceleration of Leduc-Woodbend Development
CALGARY, Alberta, May 15, 2018 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura" or the "Corporation") (TSX-V:ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2018, an agreement for the sale of its east central Alberta and Saskatchewan assets for cash consideration of $28,375,000, subject to customary post-closing adjustments, and an expanded 2018 capital program focused on accelerating growth at Leduc-Woodbend. The unaudited interim [Read more]
Surge Energy Inc. Announces $28.4 Million Sparky Core Area Acquisition; Upward Revision to 2018 Exit Guidance; Increase to Dividend
CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the execution of a formal purchase and sale agreement for the acquisition (the "Acquisition") of high netback, waterflooded, crude oil producing assets (the "Assets") in the Company's core Sparky area of Central Alberta for a purchase price of $28.4 million, which is expected to close on or about May 31, 2018. Current production from the Assets is more than 620 boepd (83 percent oil), [Read more]
LNG Canada committed to starting construction on project in 2018
The chief executive of the LNG Canada project on British Columbia's northern coast said on Tuesday that the company was committed to starting construction on the C$40 billion liquefied natural gas export project this year. An investment decision on the terminal was delayed in 2016,due to sagging oil prices that hit cash flows, along with an unfavorable supply-demand outlook, but remains on track for 2018, Andy Calitz said at an LNG conference on Tuesday. "It didn't make sense in July [Read more]
Rising oil prices boost U.S. economy: Kemp
LONDON, May 15 (Reuters) - U.S. net petroleum imports have fallen to the lowest level in more than half a century as a result of the shale revolution, which is profoundly changing the impact higher oil prices have on the economy. Since the 1860s, the United States has been the world’s largest producer and consumer of oil, which means it has a complicated relationship with oil prices. Rising oil prices benefit some businesses and workers at the expense of others, and the same has been true [Read more]
Keyera Partnership – Non-Core Infrastructure Divestiture
Keyera Partnership (“Keyera” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its natural gas processing plant and associated infrastructure interests in the Nevis area of Alberta (the “Complex”). The Company is selling the Complex in order to focus its activities on its core business. The Keyera Nevis Complex located at 16-33-038-22W4 was initially constructed in 1956 and a facility expansion was done in 1972. In 1985, a sulphur unit expansion and upgrade was [Read more]
Canada can craft an energy policy, or Trump will craft us one. You’re not going to like it
As you may have noticed, there is a new mood in the United States. It is a strange mood most haven’t seen for a while and probably immensely unsettling to most Americans as well. The root cause, of course, is a leader that has added a new chapter to chaos theory. That might sound like hyperbole, but it’s not really if you consider for example the North Korea file. Last fall, the small, feisty answer-to-know-one nation was like a kid with a new rocket kit, firing them off and hiding behind the [Read more]
Keyera Enters Storage and Terminal Business in Cushing, OK
CALGARY, May 15, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced the development of a crude oil storage and blending terminal in Cushing, Oklahoma. The Wildhorse Terminal ("Wildhorse") will include 12 above ground tanks with 4.5 million barrels of working storage capacity. The majority of the capacity is backed by fee-for-service, take-or-pay storage arrangements ranging from two to six years in length. Wildhorse will initially be pipeline connected to two existing storage [Read more]