CALGARY, Feb. 15, 2018 /CNW/ - Progress Energy Canada Ltd (Progress) has successfully divested its oil and natural gas assets in Alberta's Deep Basin. The company's success in developing those assets played a large part in generating considerable interest from domestic and international parties during the marketing process led by BMO Capital Markets. The proceeds of the sale will be used to grow the company's world-class unconventional natural gas assets in British Columbia's North [Read more]
Headlines
Keyera Corp. Announces Year End 2017 Results
CALGARY, Feb. 15, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced its 2017 year end results today, the highlights of which are included in this news release. The entire press release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. HIGHLIGHTS Keyera achieved record net earnings of $290 million ($1.53 per [Read more]
Oilsands project reactivation spurs hiring activity by Korean subsidiary
CALGARY - A subsidiary of Korea National Oil Corp. is tripling its staff count and adding experienced executives as it reactivates its BlackGold oilsands project in northern Alberta. Harvest Operations Corp. says it has hired former Cenovus Energy Inc. executive Paul Vander Valk as chief operating officer for oilsands and former Pengrowth Corp. executive Jim Causgrove as chief operating officer for conventional operations. Spokesman Greg Foofat says the number of staff associated [Read more]
Inter Pipeline Reports Record 2017 Financial Results
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today financial and operating results for the three and twelve month periods ended December 31, 2017. 2017 Highlights Generated record funds from operations (FFO) of $991 million, a 17 percent increase over 2016 Net income increased by 10 percent to a record $527 million for the year Declared annual cash dividends of $610 million, or $1.63 per share Conservative annual payout [Read more]
Harvest Operations Corp. Reports 2017 Year End Results
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the fourth quarter and full year ended December 31, 2017. This press release is an overview of the fourth quarter and full year results for 2017 and should be read with the audited consolidated financial statements and Management’s Discussion and Analysis (MD&A) for the fourth quarter and full year ended December 31, 2017 available on [Read more]
Why we are fighting: AER president and CEO Jim Ellis
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- It’s a disturbing picture: oil and gas companies incentivized to walk away from thousands of wells, leaving behind the mess; receivers of bankrupt companies selling off the good assets and casting aside the bad ones; Albertans and Canadians being forced to bear the multimillion dollar costs of cleaning it all up. In Alberta, we live by a simple rule: if you’re going to profit from our energy resources, you must be responsible and properly [Read more]
TransCanada Announces $2.4 Billion Expansion to Increase Market Access for WCSB Supply
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will move forward with a $2.4 billion expansion of its NGTL System to connect incremental supply and expand basin export capacity by one billion cubic feet of natural gas per day (Bcf/d) at the interconnection with its Canadian Mainline. NGTL recently completed an open season for existing and export capacity at the Empress/McNeill Export Delivery [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2017 Year-End and Fourth Quarter Results, 2017 Reserves Highlights and 2018 Capital Program
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce its unaudited 2017 year-end and fourth quarter financial and operational results, highlights from its independent reserves evaluations effective December 31, 2017 and its 2018 capital expenditure program. Birchcliff is also pleased to provide an operational overview and update. Message to Shareholders Birchcliff achieved record quarterly average production of 80,103 boe/d [Read more]
TransCanada Reports Record Financial Results for 2017
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per [Read more]
Encana delivers strong fourth quarter and 2017 results; company announces $400 million share repurchase program
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana delivered outstanding financial and operating results in the fourth quarter to close a year of strong, consistent performance. The company met or exceeded its 2017 guidance targets, generated net earnings of $827 million, cash from operating activities of $1.1 billion and expanded its non-GAAP cash flow margin by 81 percent from 2016. Encana is positioned to meet or exceed the targets outlined in its five-year [Read more]