CALGARY, ALBERTA--(Marketwired - Oct. 23, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to report that it has closed the sale of its non-core Alberta legacy assets previously announced on October 18, 2017. The Company also announces that it intends to release its third quarter results for the period ending September 30, 2017 on Thursday, November 9, 2017, following the close of equity markets. A conference call and listen only audio webcast will be held, beginning at [Read more]
Headlines
Tillerson urges Iraq, Kurds to resolve conflict through dialogue
BAGHDAD (Reuters) - U.S. Secretary of State Rex Tillerson urged the Iraqi government and the Kurdistan region on Monday to resolve their conflict over Kurdish self-determination and disputed territories through dialogue. Tillerson made the call at the start of a meeting in Baghdad with Iraqi Prime Minister Haider al-Abadi, who in turn defended the role of an Iraqi paramilitary force backed by Iran against criticism made by the secretary of state on Sunday. “We are concerned and a bit sad,” [Read more]
Canada Action seeks volunteers to help promote Canada’s energy industry
Canada Action invites you to join us at our Canada Action Volunteer coordination kick-off event! Join the positive discussion surrounding Canadian resource development in the interest of improving the lives of all Canadians. It will take place on November 2nd, at Fort Calgary, from 6:00 to 8:00 pm. You can expect to have interactive stations, speakers, and networking opportunities. Please RSVP to info@canadaaction.ca. Or alternatively, RSVP through our meetup group. [Read more]
Dandelions found in oilsands tailings could help clean them up: researchers
It wasn't much of a bouquet — just a single lonely dandelion. But it had been plucked from the middle of a barren stretch of oilsands coarse tailings. University of Saskatchewan biologist Susan Kaminskyj knew right away that made it something special. "I was really excited," she said. "Plants that grow in extreme environments very seldom do it by themselves." It took her about two weeks to find out what was helping the dandelion survive the harsh, acidic, water-repelling [Read more]
BC happy to export US coal but not Canadian petroleum – that’s bad for the environment and for Canada
If drunk drivers terrify you, would you let your drunken guests drive themselves home well in advance of when you go out, to avoid the danger? Or, less esoterically, if you want to fight climate change, should you work to enable a substance that produces a quarter of global greenhouse gases or one that produces a small fraction of that? It’s not a hypothetical issue, we’ve just seen it in all its misery. This past summer during British Columbia’s provincial election, a brazenly hypocritical [Read more]
Oil prices creep upward as traders test higher range: Kemp
LONDON, Oct 23 (Reuters) - Hedge fund managers continue to hold large bullish positions in crude and fuels, anticipating strong demand growth and output restraint will lift oil prices into a new, higher, trading range. Hedge funds and other money managers held a net long position equivalent to 883 million barrels in the five biggest futures and options contracts linked to petroleum on Oct. 17. The net position had been reduced by 6 million barrels compared with the previous week and 45 million [Read more]
Oil and Gas Joint Operations in Stormy Markets
The uncertainty in the energy sector has oil and gas companies engaged in joint venture projects on edge. Oil and gas producers are under tremendous economic stress. What kind of strategies can companies adopt to mitigate risk arising of possible joint operator or partner insolvency? Join the Petroleum Joint Venture Association for a discussion of ways to protect your company before, during and after the proceedings and how to effectively harvest opportunities from insolvency situations [Read more]
Pipeline Integrity: An Ounce of Innovation is Worth a Pound of Detection
The perception of many outside the industry is that what is being done to prevent pipeline leaks from occurring is not good enough. A few unfortunate high-profile incidents and the resulting media coverage have drawn negative attention and scrutiny which is taken out of context against the good work and progress being made by the industry as a whole. The reality is companies recognize the importance of having a solid integrity program, and are doing the best they can to mitigate risk using [Read more]
Ikkuma Resources Corp. Announces Closing of the Previously Announced Infrastructure Disposition
CALGARY, Oct. 23, 2017 /CNW/ - Ikkuma Resources Corp. (TSXV: IKM) ("Ikkuma") is pleased to announce the closing of the previously announced disposition of 51% of its trunk-line and associated facilities ("Infrastructure Disposition") for cash consideration of $20,000,000. The Infrastructure Disposition has an effective date of September 1, 2017. As previously announced, it is expected that the proceeds of the Infrastructure Disposition will be used to purchase certain assets located in the [Read more]
Contractor killed at Suncor Energy mining site north of Fort McMurray
FORT MCMURRAY, Alta. - A contract worker died Friday at Suncor Energy's Millennium oilsands mine north of Fort McMurray. Alberta labour spokesman Trent Bancarz said the man in his 30s was digging a trench when he was buried. His name was not released The man was employed by Aecon (TSX:ARE) Mining, which said it was deeply saddened and had put its work at the oilsands mine on hold. Suncor (TSX:SU) spokeswoman Sneh Setal said the worker died at the site. She [Read more]