CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX-V:MAH) (OTCQB:MKSEF) announces that it plans to complete a non-brokered private placement of up to 3,000,000 units (the “Units”) of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of up to $450,000 (the “Offering”). There is no minimum Offering. The Units will be comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant [Read more]
Headlines
Enbridge defends decision to sell onshore renewables as climate action increases
CALGARY - Enbridge defended its plan to sell its onshore renewable assets Tuesday on a day that saw major climate change commitments emerge from a conference in Paris. Speaking at an investor conference in New York, company CEO Al Monaco said the sell-off made sense for now, but that it didn't mean any fundamental shift for Enbridge away from renewables. "We still believe in the notion that we are transitioning to a lower carbon future," said Monaco. The company has, [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. Dec. 12 Payroll Administrator STEP Energy Services Blackfalds Dec. 12 Junior Plant Operator (Waste Facility) Roska DBO Valleyview Dec. 12 4th Class Power Engineer Roska DBO Peace River Dec. 11 QA/QC [Read more]
Enbridge says Line 3 pipeline project operational date uncertain
The start date for Enbridge Inc's C$8.2 billion ($6.52 billion) Line 3 pipeline replacement project is uncertain and could be as late as November 2019, the company said on Tuesday. The Alberta-Wisconsin Line 3 and other North American energy infrastructure projects are facing increasing opposition from environmentalists, aboriginal groups and local governments. The company has said the new Line 3, which replaces an aging one, would start shipping oil in the second half of 2019. "Until [Read more]
Cardinal Energy Ltd. Announces Its 2018 Capital Budget and Monthly Dividend for December
CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (TSX:CJ) ("Cardinal" or the "Company") announced today that its Board of Directors has approved a capital expenditure budget for 2018 that focuses on maintaining a sustainable dividend and development of our existing asset base. The 2018 capital budget is designed to achieve significant growth in adjusted funds flow per share and maintaining the Company's annualized dividend at $0.42/share. Cardinal would also like to [Read more]
Forties pipeline outage is a gift to U.S. oil exporters, others: Russell
The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world's top importing region. The Forties Pipeline System, which carries about 450,000 barrels per day (bpd) from the North Sea to Scotland, may be closed for several weeks for unscheduled repair work, operator Ineos said on Monday. Forties crude is the largest of the five [Read more]
Canadian Natural Resources Limited Announces Management Promotions
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2017) - Canadian Natural Resources Limited ("Canadian Natural" or the "Company") (TSX:CNQ)(NYSE:CNQ) today announces a number of management promotions positioning it for the continued evolution of growth in both our long life, low decline assets and our low capital exposure assets. These changes strengthen Canadian Natural's ability to deliver the next stage of value growth. One of Canadian Natural's many strengths is our strong and deep leadership [Read more]
Advantage Oil & Gas Ltd. Announces 2018 Budget
Increased Focus on Liquids Development & Growth Driven by Strong Well Results Underpins 2018 Cash Flow Funded Capital Budget (TSX: AAV, NYSE: AAV) CALGARY, Dec. 11, 2017 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that its Board of Directors has approved a 2018 capital budget of $175 million funded through cash flow that prudently advances our industry leading low cost Montney development and results in increasing liquids production growth [Read more]
Tourmaline Achieves 2017 Exit Production Target Early and Announces Multiple Strong Well Results From All Three Operated Complexes
CALGARY, Dec. 11, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide an update on 2017 exit production and EP results. PRODUCTION UPDATE Tourmaline achieved its 2017 exit production target of 270,000 boepd on December 1. Current production is 277,000 boepd; further EP activities in December are expected to grow production to levels in excess of 280,000 boepd by the end of the month. The Company continues to forecast 2018 full-year average [Read more]
TORC Oil & Gas Ltd. Announces 2018 Capital Budget and Production Guidance; a Series of Tuck-In Acquisitions; and Increased 2017 Guidance
CALGARY, Dec. 11, 2017 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce the Company's Board of Directors has approved a 2018 capital budget of $165 million. TORC's strategic objectives associated with the 2018 capital budget are consistent with the Company's long term objectives of delivering disciplined per share growth in combination with maintaining financial flexibility while paying a sustainable dividend. TORC's 2018 capital budget is [Read more]