CALGARY, Alberta, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX:TWM) is pleased to announce that its common shares will commence trading on the TSX at the opening of trading on Monday, November 20, 2017. The Corporation’s common shares will continue to trade under symbol "TWM" and the CUSIP/ISIN number is unchanged. Concurrently, Tidewater's common shares will be delisted from the TSX Venture Exchange. About [Read more]
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XI’s Offset Analyst Workshop: Well Planning – Thursday, November 30
Better research in less time to produce better results. The best tool for drill planning is the knowledge gained from past wells drilled. Instead of chasing drilling records and scouring PDFs for offset data, utilize one-click access to digitized drilling records. Learn to extend your list of offsets using Offset Analyst and reduce your well programming time by up to 40%. XI is hosting a complimentary workshop to walk you through the well planning process using Offset Analyst. Space is [Read more]
Canadian funds like energy stocks despite potential rejection in Norway
CALGARY - Oil and gas investments may have soured for managers of the Norwegian sovereign wealth fund but two Canadian funds say they have plenty of room for such securities in their portfolios. In a letter this week, Norway's central bank urged the Norwegian government to consider divesting oil and gas company shares held in the US$1-trillion oil fund to avoid the risk of permanently lower commodity prices. It didn't say why prices might fall. But low commodity prices are an [Read more]
TransCanada says spill clean up underway in South Dakota as pipeline vote looms
CALGARY - TransCanada Corp. said Friday that work is well underway to clean up a sizable oil leak at its Keystone pipeline in South Dakota that occurred days before a vote on the fate of the company's flagship pipeline proposal. The company said about 75 crew members, as well as government officials, are on site near Amherst, S.D., with a full complement of clean-up equipment to contain the 795,000-litre spill in a farmer's field. "TransCanada has taken this incident very [Read more]
U.S. oil drilling rig count holds steady this week -Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week, General Electric Co's Baker Hughes energy services firm said on Friday, as some analysts expect a gradual decline in overall rigs in the fourth quarter and in 2018. The rig count , an early indicator of future output, held at 738 in the week to Nov. 17, still much higher than 471 rigs a year ago as energy companies boosted spending plans for 2017 as crude started recovering from a two-year price crash. The increase in [Read more]
Canada Weekly Rig Count Up 5 to 208
Western Canada’s fleet of drilling rigs went up by 5 to the current count of 208 actively drilling rigs according to data collected by Baker Hughes for the week of November 17th. From one week ago, Alberta rig counts increased from 148 to 155, the Saskatchewan rig count decreased from 26 to 25. Oil drilling went up by 1 to 109; gas rigs went up 4 to 99. View a full breakdown of western Canada’s rig activity. [Read more]
Congress debates oil drilling in largest US wildlife refuge
ANCHORAGE, Alaska - Sometime next April, pregnant cows in the Porcupine Caribou Herd in Canada will take the lead in an annual migration of nearly 200,000 animals north to Alaska. From winter grounds in Canada's Yukon Territory, the caribou travelling in small and large groups will cross rivers and gaps in the mighty Brooks Range on the 400-mile (643-kilometre) journey. Their destination is the coastal plain of the Arctic National Wildlife Refuge, a strip of flat tundra between the [Read more]
Discount on Canadian heavy crude deepens after pipeline spill
The discount on Canadian heavy crude surged wider on Friday as traders waited for news on how long TransCanada Corp's 590,000 barrel per day Keystone pipeline would be shut down following a spill in South Dakota on Thursday. Western Canada Select for January delivery in Hardisty, Alberta, widened to $16.00 per barrel below the West Texas Intermediate benchmark, according to Shorcan Energy brokers. On Thursday January barrels settled at $15.50 per barrel below the U.S. benchmark. Trading [Read more]
Athabasca Oil Corporation Announces Director Update
CALGARY, Alberta, Nov. 17, 2017 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) announces that Henry Sykes will be stepping down from the Board of Directors as a result of a conflict that has arisen given his position on a board of a publicly traded company that recently combined with another public company. “I have enjoyed my time at Athabasca. While shorter than I would have hoped, I am confident the Board and management team are well positioned for [Read more]
Manitok Energy Inc. Updates on the Acquisition of Questfire Energy Inc.’s Assets
CALGARY, Nov. 17, 2017 /CNW/ - Manitok Energy Inc. ("Manitok" or the "Corporation") (TSXV: MEI) provides the following update related to its transaction with Questfire Energy Corp. ("Questfire") and various other corporate matters it is pursuing. As announced by Questfire on November 16, 2017, Questfire's lenders are seeking a court order to place Questfire in receivership. As a result, Manitok's previously announced plan of arrangement transaction with Questfire is terminated. Manitok has [Read more]