CALGARY, April 27, 2018 /CNW/ - $1 billion of cash generated from operations; nearly $400 million returned to shareholders Quarterly dividend raised nearly 20 percent; share buyback program increased Strong downstream and chemical earnings driven by operational reliability and market conditions Canadian upstream business environment impacting industry competitiveness and financial performance First quarter millions of Canadian dollars, unless [Read more]
Headlines
TransCanada Reports Strong First Quarter 2018 Financial Results
Diversified Portfolio of High Quality Assets Continues to Drive Record Performance CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for first quarter 2018 of $734 million or $0.83 per share compared to net income of $643 million or $0.74 per share for the same period in 2017. Comparable earnings for first quarter 2018 were $870 million or $0.98 per share [Read more]
Relentless announces Financial and Operating results for year ended December 31, 2017
TSX-Venture Exchange: RRL - CALGARY, April 26, 2018 /CNW Telbec/ - Relentless Resources Ltd. ("Relentless" or the "Company") announces that it has issued and filed on SEDAR its December 31, 2017 audited financial statements and related management's discussion and analysis ("MD&A"). Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com. Corporate Update For the year ended December 31, 2017, total [Read more]
UPDATE 2: Husky Continues to Respond to Incident at Superior Refinery
CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) and local emergency authorities continue to respond to an ongoing incident at the Superior Refinery in Superior, Wisconsin. Husky’s first priority remains the safety of its people, the community and emergency responders. “Safety is our top priority and we are working closely with the fire department and public officials to ensure the safety of responders and the community,” said CEO Rob Peabody. “Our thoughts are with [Read more]
Hemisphere Energy Announces 2017 Fourth Quarter and Year-End Financial and Operating Results
TSX-V: HME - VANCOUVER, April 26, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017. Last year was a transformational year as Hemisphere transitioned from strategic investment to aggressive growth. In September 2017 Hemisphere entered into a five-year term loan that allows the Company to draw up to US$35 million to fund the development of its [Read more]
Notley says B.C. pipeline court challenge illogical, harmful if successful
EDMONTON - Alberta Premier Rachel Notley says the B.C. government's attempt to get court backing in a bid to thwart the Trans Mountain pipeline expansion would put Canada in "economic gridlock" if it succeeds. British Columbia is seeking control over increased levels of diluted bitumen coming into the province because of concerns of increased risk to the environment. Notley says if the B.C. Court of Appeal agrees the government has the right to do so, that would open the door to provinces [Read more]
Keyera’s Keylink NGL Gathering Pipeline System Now In Service
CALGARY, April 26, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced its Keylink NGL gathering pipeline system ("Keylink") is complete and in service, providing producers with a safe, reliable and economically improved alternative to trucking NGL volumes. Construction of the pipeline system was completed on time and under its budget of $147 million. Keylink initially connects eight Keyera gas plants including Brazeau North, Brazeau River, Cynthia, Minnehik Buck Lake, Nordegg [Read more]
Drilling forecast cut by 500 wells on lower spending by Canadian producers
CALGARY - The Petroleum Services Association of Canada is slashing its 2018 drilling forecast to 7,400 oil and gas wells, down from 7,900 it predicted in its last forecast in October, but still ahead of the 7,094 actually drilled in 2017. The group representing companies that provide services to oil and gas producers says the lower expectation comes as some of its members are cutting staff to deal with the shortage of work. PSAC CEO Tom Whalen says higher prices paid recently for New [Read more]
Federal government finalizes regulations to reduce methane emissions
CALGARY - The federal government said Thursday it has finalized regulations that should reduce methane emissions from the oil and gas sector by close to half. The regulations include flexibilities to reduce costs, while ensuring industry meets the target of reducing methane emissions by 40 to 45 per cent below 2012 levels by 2025, it said. Announced by Environment Minister Catherine McKenna, the regulations are expected to cut carbon pollution by about 20 million tonnes a year, the [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2018
CALGARY, April 26, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2018. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]