CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced its Northwest Mainline Loop-Boundary Lake pipeline has been placed into service, completing the final section of its 2017 Expansion Program on the NOVA Gas Transmission Ltd. (NGTL) System. With the completion of winter construction activities, the 2017 Expansion Program represents a $1.7 billion investment in Canadian natural gas infrastructure, and [Read more]
Headlines
Canadian light oil prices hit with same discounts afflicting oilsands prices
CALGARY - The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil, according to a report from accounting firm Deloitte published Tuesday. The difference between New York-traded West Texas Intermediate and Edmonton Light oil prices widened to US$7.32 per barrel in January, an 86 per cent increase over the average of US$3.93 per barrel in the fourth quarter of last [Read more]
GLJ Petroleum Consultants: April 2018 Price Forecast
We work in an energy industry that, with each passing moment, is becoming more and more interesting. “Living in interesting times” is often eluded to as a traditional Chinese curse generally referring to existing with disorder and change. Changes are rampant throughout the energy industry, be it recent advances in technology, the global power struggle over market share, or newly emerging markets which may disrupt the industry as a whole. In 2018, we appear to be living in increasingly [Read more]
Olds College Offers Land Agent 2 Year Diploma
Are you an excellent communicator? Do you enjoy working with people? Do you have an interest in negotiations? If so, a career as a Land Agent may be an excellent option for you. As a Land Agent you will work with industry, government, regulators, landowners and stakeholders to arrive at mutually beneficial solutions to the acquisition of land for well sites, pipeline routes, highways and utility right of ways and alternate energy sites. You can play a vital role in facilitating access to [Read more]
Bellatrix Announces Alder Flats Plant Phase 2 Start-Up, Updated Commodity Risk Management Contracts and Updated 2018 Guidance
CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “our” or the “Company”) (TSX:BXE) (NYSE:BXE) announces the start-up of the Phase 2 expansion project at the Bellatrix O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats (the “Alder Flats Plant”), an update of commodity risk management contracts, and revised 2018 corporate guidance. Bellatrix Alder Flats Plant Phase 2 Fully Commissioned in March, Ahead of Schedule and Under Budget The [Read more]
Ikkuma Resources Announces a 316 Percent Increase in Proved Developed Producing Reserves, 2017 Operating Results and Operations Update
TSX Venture Exchange: IKM-V - CALGARY, April 3, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce its 2017 year-end reserves and other news. 2017 Reserve Highlights Increased Proved Developed Producing ("PDP") reserves by 316% to 56.8 MMBOE at December 31, 2017 from 13.6 MMBOE at December 31, 2016; Increased PDP net present value to $301 million ($2.75 per share) at year-end 2017 at a 10% discount rate using a consensus price deck from four [Read more]
Canadian Energy Executive Association: Have We Lost You?
Hedge fund oil bulls downplay macro risks: Kemp
LONDON, April 3 (Reuters) - Hedge fund managers have turned bullish again towards oil prices, casting aside the caution that prevailed during much of February and March. Hedge funds and other money managers increased their net long position in the six most important futures and options contracts linked to petroleum prices by 85 million barrels in the week to March 27. Portfolio managers have increased their net long position in Brent, NYMEX and ICE West Texas Intermediate crude, U.S. [Read more]
Regulator suspends oil and gas firm’s licences after emergency number unattended
CALGARY - The Alberta Energy Regulator says it has suspended the licences of an oil and gas producer after no one answered its 1-800 emergency phone line when one of its hydrocarbon handling facilities appeared to be leaking. In a notice on its website, the regulator says it has yanked licences for nearly 30 wells, a similar number of pipeline segments and four facilities from Insch Commodity Ltd., a Warburg, Alta.-based company. It says the apparent leak was reported in an anonymous call [Read more]
ConocoPhillips Provides Update on Disposition Program and Recent Acreage Additions
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today provided several updates on disposition activity and early life-cycle acreage acquisition activities. In the first quarter of 2018, the company closed or entered definitive agreements for approximately $250 million of proceeds from the sale of non-core assets. Several small packages in the Permian Basin closed during the quarter. A package of largely undeveloped acreage in South Texas is expected to close in the second quarter. [Read more]