NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. That has depressed prices there, posing a threat to future production, while providing a boost to pipeline companies as the lines have filled to near-capacity. With few new pipeline projects scheduled for this year, producers may be forced to slow [Read more]
Headlines
Column: Trans Mountain needs a champion
Economists have warned that a lack of pipelines and massive discounts for Canadian heavy oil could cost the Canadian economy more than $15 billion this year, making projects like Kinder Morgan’s Trans Mountain Pipeline more important than ever. Unfortunately, Prime Minister Justin Trudeau’s lack of leadership and support for this important project has resulted in delays and interprovincial disputes that continue to escalate. Canada’s Prime Minister needs to champion Canadian energy projects [Read more]
Cenovus appoints Jonathan McKenzie as Chief Financial Officer
CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer. He will replace Ivor Ruste who, as previously announced, will retire on April 30, 2018. “We’re pleased to have Jon join Cenovus. His broad experience in the energy industry will be an asset to the company as we continue to focus on strengthening our balance sheet and lowering our cost structure,” said [Read more]
Husky Energy Announces Chief Financial Officer Resignation
CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced that Jon McKenzie, Chief Financial Officer, has resigned and will be leaving the Company effective April 5, 2018. “On behalf of the Board of Directors and our employees, I would like to thank Jon for his contributions to Husky,” said CEO Rob Peabody. Husky is executing against the five-year plan outlined at its 2017 Investor Day, and is meeting or exceeding stated targets. “We are returning cash to [Read more]
2018 Global Petroleum Show Conference Program Announced
Sproule Webinar Series invites you to join us for Chasing the Right Opportunities: Balancing expectations between buyer and seller
Join Matthew Tymchuk, Manager, Engineering at Sproule as he explores how to rapidly identify which opportunities match production or profitability objectives. Sproule will use performance, economic and by-product analysis, available exclusively in the play evaluation platform Catalyst to compare opportunities. This session will focus on areas in the East Duvernay, Alberta Viking, and the Dunvegan. Register today Wednesday, April 18, 2018 11 am – 12 pm *Webinar details will be emailed [Read more]
Energy, environment to be focus of Trudeau trip to western Canada
OTTAWA - Prime Minister Justin Trudeau faces a balancing act over the next couple of days as he takes the seemingly opposing messages of environmental protection and resource development to western Canada. After beginning the day with a speech to G7 business leaders in Quebec City, Trudeau heads west — first to Victoria to speak to Canadian Coast Guard workers, then to Vancouver for a roundtable discussion on clean technology. Hundreds, possibly thousands, of protesters who oppose the [Read more]
Maryland Public Service Commission Approves $4.5 Billion Merger of WGL Holdings, Inc. and AltaGas Ltd.
Maryland joins Virginia, the Federal Energy Regulatory Commission, the Federal Trade Commission, the Department of Justice, and the Committee on Foreign Investment in approving the combination The District of Columbia Public Service Commission’s review is continuing AltaGas and WGL are reviewing the Commission’s changes in the order and expect to respond soon WASHINGTON--(BUSINESS WIRE)--The Maryland Public Service Commission announced its approval Wednesday of the combination of WGL [Read more]
Column: Europe is no paradise for energy consumers
A few years back I had a pleasant chat with a reporter who recently moved to Calgary from Europe where he covered energy issues. In our discussion about renewables, he gave the oft-heard opinion that Europe was, of course, “ahead” of Canada. His eyes widened with admiration for how Europeans were greening their power grid. He soon hopped from his media job to a communications position with the Alberta government to promote green energy. The career change made sense. If one drops objectivity [Read more]
Tamarack Valley Energy Ltd. Receives TSX Approval for Normal Course Issuer Bid
CALGARY, Alberta, April 04, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) (TSX:TVE) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Tamarack’s intention to commence a normal course issuer bid (the “NCIB”). On March 6, 2018, Tamarack announced its intention to seek TSX approval for a NCIB. Under the NCIB Tamarack intends to acquire up to 8,600,000 common shares (“Common Shares”) of the Company over a period of [Read more]