Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as away to force the Canadian government to give final approval for the project. The company said on Sunday it would scrap plans to nearly triple the capacity of its existing Trans Mountain pipeline, which extends from Alberta to British Columbia's coast, unless various legal and jurisdictional challenges could be resolved by May 31. The project was [Read more]
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Saskatchewan sees smaller fiscal deficit as spending kept tight
Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019-20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has endured a slump in its resource revenues in recent years, projected a $365 million deficit for 2018-19, which follows a $595 million deficit forecast for the fiscal year that ended on March 31. The 2018-19 projection does not [Read more]
Pro Trans Mountain rallies planned later today in Calgary and Thursday in Edmonton
Later today (4pm) there will be a rally at Calgary's McDougall Centre. A large group of grassroots supporters will be in attendance asking the federal government to follow through on their promises to get the Trans Mountain pipeline built. On Thursday, a similar rally will be held in front of the Alberta Legislature in Edmonton. See details below: Rally details for Calgary (McDougall Centre): Where: 455 6 St SW, Calgary, AB, Calgary, AB When: Tuesday, April 10, 2018 (TODAY) at 4:00 [Read more]
Devon Energy will lay off 9 percent of staff to boost returns
HOUSTON (Reuters) - Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s sagging returns and stock price. The cuts will affect all areas of the company’s operations, not just its Oklahoma City headquarters. Staff will be let go “in the weeks ahead,” Devon said in a statement. Devon, like many of its shale peers, has come under pressure from Wall Street in recent months to focus [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 9 Recruiter JSG Professional Services ULC Calgary Apr. 9 AFE Administrator - Temporary Canadian Natural Resources Calgary Apr. 7 HUMAN RESOURCES BUSINESS [Read more]
NEB releases first-ever report on Canada’s refining industry
CALGARY, April 10, 2018 /CNW/ - Canada has a strong refining industry but processes only a fraction of its own crude oil production, according to the National Energy Board's (NEB) inaugural Canadian Refinery Overview – Energy Market Assessment report. The refinery overview states that only 30 per cent of Canadian crude oil is processed by Canadian refineries. This is mainly due to the size of Canada's refining industry compared to the resource size, the location of its refineries and the lack [Read more]
PRD Energy Provides Update on Liquidation & Dissolution Process
CALGARY, Alberta, April 10, 2018 (GLOBE NEWSWIRE) -- PRD Energy Inc. ("PRD" or the "Company") is pleased to provide an update on the status of its liquidation and the anticipated timing of its dissolution. PRD is currently dissolving its German subsidiaries, disposing of all its other assets that are not to be distributed in kind to the shareholders of PRD, discharging all of its obligations and completing all other acts required to liquidate its business. PRD expects its German [Read more]
Trudeau’s cabinet to discuss troubled Kinder Morgan pipeline
Prime Minister Justin Trudeau will meet on Tuesday with his cabinet ministers to discuss Kinder Morgan Canada Ltd's threat to walk away from a troubled pipeline expansion as various levels of government signal interest in spending public funds to ensure the project proceeds. The company, losing patience with moves by politicians and activists to block plans to almost triple the capacity of its Trans Mountain pipeline, is vowing to halt all work on May 31 unless the challenges can be [Read more]
Cation Capital Files Proxy Circular and Releases Letter to Crescent Point Energy Shareholders
Urges shareholders to vote their BLUE proxy or BLUE VIF in favour of four highly qualified independent nominees Warns shareholders not to be fooled by the Company’s self-interested attempts to distract from the real issues Since 2013 shareholders have paid $93.5 million to named executives only to lose $10.7 billion of equity value CALGARY, Alberta--(BUSINESS WIRE)--Cation Capital Inc. (together with its affiliates and associates, “Cation Capital” or “Cation”), a private investment firm, [Read more]
CSV Midstream Solutions Commissions Resthaven Gas Plant
CALGARY, Alberta, April 10, 2018 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corporation (the “Company” or “CSV”) is pleased to announce commissioning and start-up of its Resthaven gas processing plant (“CSV Resthaven” or “the Plant”). CSV Resthaven is underpinned by a long-term contract with an intermediate exploration and production company. The Plant has an inlet capacity of 260 Million cubic feet per day with a gas processing capacity in excess of 100 Million cubic feet per day. The Plant [Read more]