CALGARY, AB--(Marketwired - November 28, 2017) - British Columbia now ranks as the least-attractive Canadian jurisdiction for oil and gas investment -- followed by Alberta, finds the annual global survey of petroleum-sector executives released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank. Since B.C.'s provincial election in May, the province has plummeted to near the bottom of the global rankings. "Investor confidence matters, and having a [Read more]
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Texas once again the most attractive jurisdiction globally for oil and gas investment
CALGARY, AB--(Marketwired - November 28, 2017) - Texas is once again the most attractive jurisdiction in the world for oil and gas investment, reclaiming the top spot from Oklahoma in an annual global survey of petroleum-sector executives released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank. After Texas, Oklahoma ranked 2nd worldwide. "Texas and Oklahoma have, for years, been seen as the most attractive jurisdictions in the world for oil [Read more]
Participate in North America’s leading energy event, Global Petroleum Show
Global Petroleum Show | June 12 – 14, 2018 | Calgary, Canada Global Petroleum Show (GPS) is the most important energy event in North America attracting more than 50,000 international and domestic oil & gas executives from over 20,000 companies, high-level government officials, National and International Oil Companies (NOC’s & IOC’s), thought leaders and influencers from than 115 countries around the world. This year GPS celebrates its 50th anniversary, June 12 – 14, 2018, and will [Read more]
Shell Announces Cancellation of Scrip Dividend Programme From Fourth Quarter 2017
THE HAGUE, Netherlands, November 28, 2017 /PRNewswire/ -- Royal Dutch Shell plc ("Shell" or the "Company") (NYSE: RDS.A) (NYSE: RDS.B) announces the cancellation of its Scrip Dividend Programme (the "Programme") with effect from the fourth quarter 2017 Interim Dividend. The cancellation means that the fourth quarter 2017 Interim Dividend and future dividends will be settled entirely in cash, rather than the Company offering a share-based alternative. As a result of the Programme cancellation, [Read more]
Touchstone Provides Operational Update
CALGARY, Alberta, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) (LSE:TXP) is pleased to provide the following operational update. Highlights Achieved September 2017 and October 2017 crude oil sales of 1,369 and 1,472 barrels per day (“bbls/d”), respectively. Production from the four wells drilled in 2017 remains strong, contributing an average of 299 bbls/d during September and October 2017. The Company has commenced [Read more]
Exxon Mobil CEO makes first big changes to refining
HOUSTON (Reuters) - Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday. The changes at the world’s largest publicly traded oil producer are the most sweeping to date by Woods, who became chief executive in January after former chief Rex Tillerson resigned to become U.S. secretary of state. Woods has moved first to reshape the parts of the [Read more]
Keystone to Resume Crude Oil Deliveries on Tuesday, November 28
AMHERST, SOUTH DAKOTA--(Marketwired - Nov. 27, 2017) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced that its Keystone Pipeline repair and restart plans have been reviewed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) with no objections, permitting a safe and controlled return to service of the Keystone System. As part of the reviewed plans, TransCanada will operate the pipeline at a reduced pressure starting on Tuesday, November [Read more]
Transcanada asks Nebraska to reconsider approval of alternate Keystone pipeline route
TransCanada has asked the Nebraska Public Service Commission to reconsider its order approving an alternate route for the Canada-U.S. Keystone XL pipeline, according to a filing posted on the commission's website on Monday. The Canadian pipeline company is seeking a "clarification" on the PSC's Nov. 20 decision to approve an alternative route for the Keystone XL pipeline, a TransCanada spokesman said. The approved line was not the company's preferred route. "Keystone requests the [Read more]
Enbridge reaches deal with Michigan on underwater Great Lakes pipeline
CALGARY - Enbridge Inc. says it has reached a deal with the State of Michigan on the aging Line 5 pipelines that run along the bottom of a channel between Lakes Huron and Michigan. The twin pipelines were laid in 1953 and have raised increasing concerns about the potential impacts on the Great Lakes if the 540,000-barrel-a-day pipeline were to leak. The Calgary-based energy company (TSX:ENB) says the deal with the state includes completing an evaluation by June 2018 on three [Read more]
Workcamp providers join forces to deal with shrunken oilsands market
CALGARY - Houston-based Civeo Corp. says it is buying Noralta Lodge Ltd. of Edmonton for $367 million in a deal that unites two major providers of workforce accommodation in the oilsands region of northern Alberta. The companies say in a joint news release they expect to save $10 million annually by 2019 through operational efficiencies. Lower oil prices over the past three years have dried up capital availability to build new oilsands and infrastructure projects, leading to high [Read more]