CALGARY - The Alberta Energy Regulator has charged Syncrude Canada in the deaths of 31 great blue herons two years ago at its Mildred Lake oilsands mine in northern Alberta. The company is charged under the provincial Environmental Protection and Enhancement Act with failing to properly store a hazardous substance in a way that ensures it doesn't come into direct contact with or contaminate animals. Syncrude, which faces a penalty of up to $500,000 if convicted, is to appear in [Read more]
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Kinder Morgan Canada Limited Announces Increased Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Kinder Morgan Canada Limited ("the Company") (TSX:KML) is pleased to announce that as a result of strong investor demand for its previously announced offering of cumulative redeemable minimum rate reset preferred shares, Series 1 (the "Series 1 Preferred Shares"), the size of the offering has been increased to 12,000,000 shares. The offering no longer includes the previously granted underwriters' option. The aggregate gross proceeds of the [Read more]
3esi-Enersight and GLJ Petroleum Consultants Partner to Develop Next Generation Oil & Gas Reserves Software
Calgary, Alberta, August 3, 2017 (Newswire.com) - 3esi- Enersight, the leading provider of solutions for integrated strategy, planning and reserves in the oil and gas industry, today announced they have formed a partnership with GLJ Petroleum Consultants Ltd. (GLJ), a leading energy resource consulting firm, to develop a next generation oil and gas reserves evaluation and management solution. Over the next year, 3esi-Enersight will enhance its existing Reserves Management solution with new [Read more]
Tourmaline More Than Doubles Six Month Cash Flow and Continues Profitable Strong Growth
CALGARY, Aug. 2, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2017. HIGHLIGHTS Financial Results Second quarter earnings were $108.6 million ($0.40/share) underscoring the fundamental profitability of Tourmaline's EP business in all three core complexes. Second quarter 2017 cash flow(1) was $ 313.3 million ($1.16/share) up 133% (100% per share) from second quarter [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2017 Financial & Operational Results; Increases 2017 Production Guidance
CALGARY, Aug. 2, 2017 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2017 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months [Read more]
Kinder Morgan Canada Limited Launches $200 Million Bought Deal Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Kinder Morgan Canada Limited ("the Company") (TSX:KML) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, CIBC Capital Markets, RBC Capital Markets and TD Securities (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from the Company, 8,000,000 cumulative redeemable minimum rate reset preferred shares, Series 1 (the "Series 1 Preferred Shares") at [Read more]
Enbridge says costs of Line 3 rising, cites regulatory delays, route changes
CALGARY - Enbridge Inc. (TSX:ENB) says the cost of its Line 3 replacement project has risen nine per cent from its original estimate when it was sanctioned in 2014. The company now estimates it will cost $5.3 billion for the portion in Canada and US$2.9 billion in the United States to replace the pipeline that runs from Hardisty, Alta., to Superior, Wisc. It attributed the higher cost to delays in the regulatory process and route modifications, among other changes. [Read more]
Enbridge Inc. Reports Second Quarter 2017 Results
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Q2 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Earnings were $919 million or $0.56 per common share for the second quarter and $1,557 million or $1.11 per common share for the six-month period, both including the impact of a number of unusual, non-recurring or non-operating factors Adjusted earnings were $662 million or $0.41 per common share for the second quarter and $1,337 [Read more]
Seven Generations Q2 funds from operations up 36% to $268.1 million, or 73 cents per share
CALGARY, ALBERTA--(Marketwired - Aug. 3, 2017) - Seven Generations Energy Ltd. (TSX:VII) continued its strong financial and operating performance in the second quarter of 2017, generating funds from operations of $268.1 million, or 73 cents per share, up 36 and 11 percent, respectively, compared to the second quarter of 2016. Second quarter production was 165,200 barrels of oil equivalent per day (boe/d), record volumes that mark a 41 percent increase compared to one year earlier. 7G's [Read more]
InPlay Oil Corp. Announces Second Quarter 2017 Financial and Operating Results
CALGARY AB--(Marketwired - August 03, 2017) - - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017. InPlay's unaudited interim financial statements and notes, as well as management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2017 will be available shortly on the System for Electronic Document Analysis and Retrieval ("SEDAR") and our website [Read more]