CALGARY, Alberta, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSX-V:LXE) is pleased to announce its 2017 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd. (“GLJ”) effective December 31, 2017 (the “GLJ Report”), in accordance with National Instrument 51-101 (“NI 51-101”) and Canadian Oil and Gas Evaluation (COGE) Handbook. All dollar figures are Canadian dollars unless otherwise noted. 2017 Highlights Increased [Read more]
Headlines
gX Insight Launches New Services to Complement its Full Breadth of Integrity Management Solutions
CALGARY, AB – February 27, 2018 - gX Insight, the industry’s first complete integrity solution, backed by Explore Integrity (“Explore”) and GDM Pipelines (“GDM”), is pleased to announce the enhancement of its service offering to include One Call management, digital file support for regulatory submissions and custom mapping solutions. One Call Management gX Insight offers a full-service One Call management solution that includes creating and submitting a file to the respective One Call [Read more]
Strategic Oil & Gas Ltd. Announces Year-End 2017 Reserves and Operations Update
CALGARY, Alberta , Feb. 26, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX-V:SOG) provides an operations update and announces its oil and gas reserves as of December 31, 2017. OPERATIONS UPDATE Strategic’s growth strategy includes the exploration and commercialization of additional light oil zones as secondary production targets to the core Muskeg development at Marlowe, the Company’s core asset. In the third quarter of 2017 the Company drilled a [Read more]
Journey Energy Inc. Reports 2017 Reserves
CALGARY, Feb. 26, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to report its year-end 2017 oil and gas reserves evaluation. During 2017, the Company invested approximately $65 million in capital projects. Capital was evenly distributed between acquisition and divestiture ("A&D") activities and exploration and development ("E&D") activities. A&D initiatives throughout the year included the disposition of certain non-core assets; consolidation [Read more]
Suncor Energy closes purchase of additional interest in Syncrude
CALGARY, Alberta, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Suncor today announced it has closed the transaction to purchase a 5% interest in Syncrude from Mocal Energy. The US$730 million, or approximately Cdn$925 million, purchase price is subject to closing adjustments and is based on an effective date of Jan.1, 2018. Through this transaction Suncor's share in the Syncrude joint venture has increased from 53.74% to 58.74%. The Syncrude joint venture partners are Suncor (58.74%), Imperial Oil [Read more]
PrairieSky Announces 2017 Fourth Quarter and Year End Results and Dividend Increase
CALGARY, Alberta, Feb. 26, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX:PSK) is pleased to announce its fourth quarter and year-end operating and financial results for the period ended December 31, 2017. In addition, PrairieSky’s Board of Directors has approved a dividend increase of $0.03 per share per annum (4%) and allocated $50.0 million to extend PrairieSky’s normal course issuer bid (“NCIB”) from May 4, 2018 to May 3, 2019. The dividend increase to [Read more]
Petro boost: Alberta to invest $1B in eight years on bitumen upgrading projects
EDMONTON - Alberta is investing $1 billion in oilsands bitumen upgrading to get a bigger bang for the buck on its oil. Premier Rachel Notley announced Monday that the money will be used for loan guarantees and grants to attract anywhere from two to five partial oil upgrading facilities resulting in $5 billion in private investment. "This process will help us get full value from our resources, attract billions in investment and create thousands of jobs right here in Alberta," [Read more]
Energy group calls for better tax and regulation to restore competitiveness
Investment in Canada's oil and gas industry is expected to fall again this year as higher taxes and regulatory uncertainty persuade investors to spend elsewhere, says the head of a group that represents Canada's oil and gas industry. "We need some urgent action, now," said Tim McMillan, CEO of the Canadian Association of Petroleum Producers, citing in particular recently reduced corporate taxes and regulatory burden by the U.S. under President Donald Trump. "We've seen other [Read more]
Fellow citizens on the coasts: 50 million petroleum barrels move safely through global marine terminals every day; Canada is as capable as anyone
When I was a kid, my dad came home from his forestry job one day with an eye injury. A tree branch had attacked him and he showed us stitches on his eyeball. I was very young, but I still remember instantly feeling clammy and faint. For the rest of his life every time I looked him in the eye the scar was all I could see and I could feel myself turning pale, which, now that I think about it, may have been fairly annoying for him. For the rest of my life I’ve had random episodes of nauseousness [Read more]
Encana announces TSX acceptance of normal course issuer bid
CALGARY, Alberta, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA ) announced today that the Toronto Stock Exchange (TSX) has accepted its notice of intention to commence a normal course issuer bid (NCIB) through which Encana may spend up to US$400 million to purchase up to 35,000,000 common shares during the 12-month period commencing February 28, 2018 and ending February 27, 2019. The number of shares authorized for purchase represents approximately 3.6 [Read more]