Gender and vocabulary are clashing on the floor of the Alberta legislature. Premier Rachel Notley, one day after accusing a male opponent of mansplaining, is calling out another for “hepeating.” It came Wednesday during question period after United Conservative member Jason Nixon lauded Notley for taking his party’s advice on the fight to get more pipelines built, but also suggested Notley needs to do more. Notley rejected that statement, then added: “Can I just introduce a new word [Read more]
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Bonterra Energy Corp. Announces Third Quarter 2017 Financial and Operational Results
CALGARY, ALBERTA--(Marketwired - Nov. 8, 2017) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2017. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis (MD&A), are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website [Read more]
Pine Cliff Energy Ltd. Announces Third Quarter 2017 Results and Management Appointment
CALGARY, Alberta, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff's unaudited condensed consolidated interim financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2017 (the “Q3-Report”). Selected highlights are shown below and should be read in [Read more]
Suncor Energy announces pricing of US$750 million notes offering
CALGARY, ALBERTA--(Marketwired - Nov. 8, 2017) - Suncor announced today that it has priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047 (the "2047 Notes"). The 2047 Notes will have a coupon of 4.000%. The offering is expected to close on November 15, 2017, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the 2047 Notes to repay upcoming long-term debt maturities and for general [Read more]
Tourmaline continues profitable growth in Q3 2017 and introduces growth/dividend five-year plan
CALGARY, Nov. 8, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the third quarter of 2017. PRODUCTION UPDATE Current production is ranging between approximately 255,000-265,000 boepd and the Company expects 2017 exit production of between 270,000-280,000 boepd, both ahead of original internal estimates. The Company also currently has additional behind-pipe or shut-in volumes of [Read more]
Birchcliff Announces Third Quarter 2017 Results and Appointment of New Director
CALGARY, ALBERTA--(Marketwired - Nov. 8, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce its third quarter 2017 results, with record quarterly average production of 65,276 boe/d and quarterly funds flow from operations of $64.4 million. Quarterly average production is up 20% and funds flow from operations is up 55% as compared to the third quarter of 2016. The full text of Birchcliff's Third Quarter 2017 Report containing the unaudited interim condensed financial [Read more]
U.S. crude stocks build unexpectedly as imports jump, output climbs: EIA
NEW YORK (Reuters) - U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, exports tumbled and production inched up to its highest since at least 1983, the Energy Information Administration said on Wednesday. Gasoline and distillate inventories fell to multi-year lows, even as refining rates rose, the statistical arm of the U.S. Department of Energy said. Crude inventories rose 2.2 million barrels in the week to Nov. 3, contrary to analysts’ expectations for a decrease [Read more]
ConocoPhillips vows financial discipline as aims to boost output
NEW YORK (Reuters) - ConocoPhillips (COP.N) said on Wednesday it will boost output over the rest of the decade but vowed to do so only when it was financially prudent as executives emphasized a strict adherence to shareholder returns. The largest U.S. independent oil and natural gas producer plans to spend an average of $5.5 billion annually for the next three years on capital projects as long as oil prices CLc1 stay above $50 per barrel. The spending forecast, an increase from 2017 and [Read more]
Peak oil? Majors aren’t buying into the threat from renewables
HOUSTON/LONDON (Reuters) - Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation - marketed as “Beyond Petroleum” - led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands. Today, BP (BP.L) might be more aptly branded “Back to [Read more]
Saturn Oil + Gas Inc. Provides Operational Update Including Commencement of Viking Horizontal Drill Program
SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 8, 2017) - Saturn Oil + Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to provide an operational update regarding its Viking horizontal drill program at Flaxcombe and the acquisition of an existing vertical wellbore for recompletion in the Success formation. Saturn is pleased to announce that it has received drilling licenses for two half-mile horizontal Viking wells on its recently acquired land near Flaxcombe. [Read more]