Most of us have already heard clips of Prime Minister Trudeau chiding a woman asking a question at a town hall meeting last week and asking her to use the term “peoplekind” rather than the terribly offensive and non-inclusive term “mankind." If you haven’t heard it yet, the short video clip below covers it. It is not terribly surprising to see Trudeau awkwardly trying to pander to extreme feminists who feel that every possible word that is traditionally gender associated is inherently [Read more]
Headlines
Trudeau says he is talking to premiers about Trans Mountain pipeline battle
OTTAWA - Just because Prime Minister Justin Trudeau is refusing to wade publicly into the emerging pipeline-induced trade war between British Columbia and Alberta, that doesn't mean things aren't happening out of the public eye, his environment minister suggested Wednesday. Speaking in French after the weekly government caucus meeting, Catherine McKenna said things sometimes happen behind closed doors and that solutions are often more easily found without drama. Maybe so — but [Read more]
Cenovus Energy Inc. – Non Core Light Oil & Oil Sands Properties Divestiture
Cenovus Energy Inc. (“Cenovus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of the Company’s light oil properties located in the Puskwa and Simonette areas of Alberta, as well as its oil sands properties located in the Panny, Godin, Peace River, Portage/Duncan and Craigend areas of Alberta (the “Properties”). Light Oil Properties At Puskwa, Cenovus holds a 100% working interest in 25,728 ha of mainly contiguous land offsetting recent Montney drilling activity [Read more]
Perpetual Announces 2017 Exit Rate Growth of 54% and Provides Operations Update, Reports Year-End Reserves Replacing 248% of Production and Revises 2018 Capital Plan and Outlook
CALGARY, Feb. 7, 2018 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce its year-end 2017 production exit rate (average for the month of December) of 12,300 boe/d, attaining year-over-year exit rate growth of 54%. The Company invested $19.0 million in exploration and development activities during the fourth quarter of 2017 and grew production 14% quarter-over-quarter. Production and operating costs continued the positive trend established through [Read more]
GuildOne welcomes MIT Chancellor for Academic Advancement, Eric Grimson, to its Advisory Board
CALGARY, Alberta, Feb. 7, 2018 (GLOBE NEWSWIRE) -- GuildOne Inc. (“GuildOne” or the “Company”), announced today the appointment of the Massachusetts Institute of Technology (MIT) Chancellor for Academic Advancement and Professor, Eric Grimson, to the Company’s advisory board. Internationally recognized in the artificial intelligence community for his pioneering work on computer vision and machine learning, the Saskatchewan native has had a long and distinguished career in research and education [Read more]
The Alberta Energy Regulator responds to changes in the oil and gas industry
Part of the AER’s new focus is to move to risk informed decisions and informed conversations – rather than prescribed interactions. This involves exploring different ways to approach services, moving away from prescriptions towards delivering outcomes using a collaborative approach and leveraging technological innovations. The broad journey the AER is on is to focus on the objectives that a company may want to achieve or need to achieve and make risk informed decisions that allow [Read more]
Baker Hughes, a GE company Announces January 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for January 2018 was 960, up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017. The international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December 2017, and down 10 from the 206 counted in January 2017. The average US rig count for January 2018 was 937, up 7 from the 930 counted in [Read more]
Toscana Energy Announces Sale of Non-Core Properties
CALGARY, Alberta, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) is pleased to announce that it has entered into a Purchase and Sale Agreement to sell a portion of its non-core, non-operated natural gas weighted assets in West Central Alberta (the “Assets”) to a private company for total cash consideration of $4.75 million subject to normal industry conditions. These assets have current net production of approximately 200 boe/d [Read more]
Prairie Provident Provides Correction to 2017 Year-End Reserves and 2018 Budget News Release
CALGARY, Alberta, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) corrects an inadvertent typographical error appearing in its news release dated January 29, 2018, Prairie Provident Announces 2017 Year-End Reserves and 2018 Budget and Posts Updated Presentation (“Original News Release”). In the "2018 Budget and Guidance Summary" table at page 5 of the Original News Release, 2018 operating expenses and 2018 operating netbacks [Read more]
Notley says Alberta to stop importing B.C. wine in pipeline feud
EDMONTON - The fight over Alberta oil coming to British Columbia has now escalated into a wine war. Alberta Premier Rachel Notley announced Tuesday that the province is banning wine from B.C. wineries effective immediately. "This is one good step to waking B.C. up to the fact that they can't attack our industry without a response from us," Notley said at a legislature news conference. "The Alberta Gaming and Liquor Control Board will put an immediate halt to the import of B.C. [Read more]