The LNG Canada liquefied natural gas project is on track for a final investment decision (FID) later this year, an official for the province of British Columbia said on Thursday. The British Columbia-based project led by Anglo-Dutch Royal Dutch Shell in partnership with PetroChina ,South Korea's KOGAS and Japan's Mitsubishi Corp has an estimated development cost of C$40 billion. A FID was expected in late 2016, but was delayed due to falling oil and gas prices between 2014 and 2016, which [Read more]
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Private oil and gas company looking for seeking prospects for 2018 drilling program
A private company with existing operation in Alberta is seeking for drilling-ready prospects for its 2018 drilling program. Medium-light oil, relatively shallow, high working interest and large inventory of locations are preferred. Transaction could be done in cash or GOR. Interested party please send email to 2018drilling@gmail.com and the company information will be provided in person. [Read more]
Cenovus provides first-quarter operational update
CALGARY, Alberta, March 22, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has been operating its oil sands facilities at reduced production rates and is storing excess barrels in its reservoirs in response to wider than normal light-heavy price differentials and recent pipeline capacity constraints as well as the slow pace of the ramp-up in crude-by-rail export capacity in Alberta. “When Canadian heavy oil is selling at a wide discount to West Texas Intermediate due to [Read more]
PJVA Joint Venture Administration Certificate Drawing To A Close
The PJVA would like to acknowledge the efforts of the students currently wrapping up the first in-house offering of the Joint Venture Administration certificate! We look forwards to seeing many of you in our upcoming offering of Introduction to Facilities taking place on April 5th & 6th. Introduction to Facilities can be taken as either a stand-alone offering for anyone looking to develop a better understanding of oil and gas processing infrastructure or as the next step towards the [Read more]
Gear Energy Ltd. Announces Operational Update and 2018 Revised Outlook
CALGARY, March 21, 2018 /CNW/ - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the following operational update and revised outlook for 2018. The first quarter of 2018 has been quite dynamic to date. The Company would like to update investors on the following key accomplishments and revised outlook: 2018 Capital Activity To Date Wilson Creek Gear successfully drilled and frac'd a new extended reach Basal Belly River light oil well at 11-34-42-4W5. The well was [Read more]
Setback for Trump administration after tepid offshore oil lease sale
(Reuters) - Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration’s efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million hectares) for development in the Gulf with discounted royalty rates on the shallower tracts as part of a broader effort by President Donald Trump’s administration to ramp up U.S. fossil [Read more]
Advantage Commences Odd-Lot Share Repurchase Program
(TSX: AAV, NYSE: AAV) CALGARY, March 21, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage") is commencing an odd-lot share repurchase program (the "Odd Lot Program") pursuant to which it will offer to buy back common shares from registered and beneficial shareholders of Advantage who own 99 or fewer common shares ("Odd Lot Holders"). The Odd Lot Program affords Odd Lot Holders the opportunity to sell all, but not less than all, of their common shares or to continue to maintain their current [Read more]
Enerplus Announces Upcoming Normal Course Issuer Bid
CALGARY, March 21, 2018 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX and NYSE: ERF) announces acceptance by the Toronto Stock Exchange (the "TSX") of a Notice of Intention to Make a Normal Course Issuer Bid (the "Bid"). Pursuant to the Bid, Enerplus proposes to purchase through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, from time to time over the next 12 months, if considered advisable, up to 17,095,598 common shares, [Read more]
Non-Core Property Divestiture: Strategic Oil & Gas Ltd.
Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core properties in the Conrad and Taber areas of southern Alberta and in the Maxhamish area of NE British Columbia. Strategic holds a 100% working interest in a number of Sawtooth oil wells in the Conrad area of southern Alberta. Prior to being shut-in in February 2016, the wells were capable of producing a total of 50-75 barrels of medium gravity (23-24o API) oil [Read more]
InPlay Oil Corp. Announces 2017 Financial and Operating Results and Reserves Including an 11% Increase in Proved Developed Producing Light Oil Reserves
CALGARY, Alberta, March 21, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2017, and the results of its independent oil and gas reserves evaluation effective December 31, 2017 (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”). InPlay’s audited annual financial statements and notes, as well as management’s [Read more]