TransCanada Corp's Keystone crude pipeline is still operating at 20 percent reduced pressure, a spokesman for the company said on Tuesday, more than two months after a leak forced the line to be shut. Calgary-based TransCanada shut the 590,000 barrel-per-day pipeline, one of Canada's main crude export routes linking Alberta to U.S. refineries, on Nov. 16 after the leak was detected. The pipeline was restarted about two weeks later, but the U.S. Pipeline and Hazardous Materials Safety [Read more]
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Western Canada’s Largest Inventory of Flare Knockout Drums
OSY Rentals is pleased to offer a fleet of over 100 “like new," used FKOD’s from manufacturers like Tornado, Pollitt, Bilton, and Platinum. Units have new internal coating. Clean and ready to go. Available is sizes from 5 bbl to 200 bbl. Available coated, heated, enclosed, and contained. Cost effective option opposed to buying new. Why buy new if used will do? Pressure ratings from 14.7 Psi to 285 psi 3”- 8” inlet connections available Common Sizes are 5, 10, 15, 25, 50, 75, and [Read more]
TORC Oil & Gas Ltd. Appoints New Member to Board of Directors
CALGARY, Jan. 23, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce the appointment of Ms. Mary-Jo Case to the Company's Board effective January 23, 2018. Ms. Case is an independent businesswoman with over 34 years of experience in the oil and gas industry, with a depth of experience in the areas of mergers, acquisitions and dispositions, negotiations, contracts, land administration, land systems and human resources. Prior to her retirement in [Read more]
Petrochemical Development in Alberta – Developing New Demand for Propane
Two new petrochemical projects for the Alberta Industrial Heartland region will qualify for up to $500 million in royalty credits under Alberta's Petrochemicals Diversification Program announced on Dec 5th 2016. Both projects will convert propane extracted from natural gas into value-added plastic products. What does this initiative mean for Natural Gas producers? With Alberta & BC Natural Gas and NGL supply growth being driven by unconventional plays like the Montney & the Duvernay , [Read more]
Leucrotta Announces Update on Operations and Financial Position
CALGARY, Alberta, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV - LXE) is pleased to announce the following update: PRODUCTION ON 9-33, A8-22 AND 8-4 LOWER MONTNEY TURBIDITE OIL WELLS AND 4-12 LOWER MONTNEY TURBIDITE LIQUIDS RICH GAS WELL During 2017, Leucrotta started to experiment with higher intensity fracs with several wells moving from the standard Leucrotta type curve well of 28 fracs used in 2016 to up to 51 stages used in the 9-33 [Read more]
Journey Energy Inc. Announces Repurchase of 24.8% of its Outstanding Common Shares, Purchase of Duvernay Lands and Updates 2018 Guidance
CALGARY, Jan. 22, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces that it will purchase 12.7 million of its outstanding shares from its largest shareholder, MIE Maple Investments Limited ("MIE") for cancellation. Journey is also providing an update on 2018 activities, including new guidance, and announcing the accumulation of a material land position in an emerging Duvernay resource play. 12.7 Million Share Repurchase for Cancellation After a review of [Read more]
National Energy Board denies application from Maritimes & Northeast Pipeline for a new pipeline service and toll
CALGARY, Jan. 22, 2018 /CNW/ - The National Energy Board (NEB) has denied an application from Maritimes & Northeast Pipeline (M&NP) for approval of a new pipeline service and toll. M&NP had offered a "load retention" service and discounted rate to Irving Oil in exchange for a 13-year commitment to use the M&NP Pipeline to ship up to 68,579 gigajoules per day (GJ/d) of natural gas from the Canada/U.S. border in St. Stephen, NB to the Irving Oil Refinery and cogeneration [Read more]
The US exports natural gas in every direction; Canada’s comatose single market strategy squanders a vital national resource
Legend has it that a well-known saying originated in an American inquiry into a major transportation incident. As the story goes, a farmer was testifying about an accident he witnessed while out working in the fields. A head-on collision between two trains occurred right in front of him. In trying to get to the bottom of exactly what happened, the farmer was asked what his thoughts were immediately following the accident. He said, “Well, I thought that’s a hell of a way to run a [Read more]
PNG Exchange New Properties & Equipment Listings
PNG Exchange New Properties Intermediate E&P – East Shale Basin Duvernay Blackspur Oil Corp. – Warburg Duvernay, Princess Detrital & Banff, Reagan Livingstone & Bakken, Warburg Cardium & Belly River, Suffield Lithic Glauconitic, Cessford Ellerslie, Enchant Lithic Glauconitic & Arcs, Verger Regional Glauconitic, Rich/Mikwan Nisku & Winnipegosis Orlen Upstream Canada – Strachan, Wapiti, Pinto, Chime Forge Oil & Gas Limited – Leduc Woodbend, [Read more]
InPlay Oil Corp. Announces 2018 Capital Budget of $38 Million Generating Light Oil Production Growth of Over 23%
CALGARY, Alberta, Jan. 22, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. ("InPlay" or “the Company”) (TSX:IPO) (OTCQX:IPOOF) is pleased to announce that its Board of Directors has approved a $38 million Exploration and Development capital program for 2018 which is forecasted to deliver over 23% average light oil production per share growth in 2018 over 2017. This organic production increase is expected to deliver top quartile light oil production per share growth in the industry. 2018 Budget [Read more]