CALGARY, Oct. 10, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it has entered into a 20-year midstream agreement (the "Agreement") with Chevron Canada Limited ("Chevron") to fractionate and handle natural gas liquids from Chevron's Kaybob Duvernay operations near Fox Creek, Alberta. The Agreement includes an area of dedication that is in excess of 230,000 gross operated acres and also includes take-or-pay commitments. Under the terms of the Agreement, Chevron will deliver [Read more]
Headlines
Money laundering and windmills – Canada’s remaining economic engines
Canada is the world’s second largest nation, with only the 38th largest population. It has indescribable natural resource potential, and utilization of these resources has given it one of the world’s highest living standards. It has tens of thousands of miles of coastline accessing three oceans and favourable trade relations with most of the world. It offers, as Natural Resources Minister Jim Carr puts it, “a stable and predictable investment climate, world-class energy reserves, proximity to [Read more]
Questerre closes private placement
CALGARY, ALBERTA--(Marketwired - Oct. 9, 2017) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that it has closed its previously reported private placement of 34.9 million Common Shares (the "Private Placement Shares") at NOK 5.70 or C$0.89 per Common Share for gross proceeds of NOK 198.9 million or approximately C$31 million (the "Private Placement"). The Financial Supervisory Authority of Norway has on October 4, 2017 approved a share [Read more]
WTI discount to Brent reflects logistics constraints: Kemp
Even as crude stocks decline elsewhere in the United States, stocks are rising in the Midwest, especially around the delivery point for the New York Mercantile Exchange's light sweet crude contract at Cushing in Oklahoma. Crude stocks at Cushing hit a low of 56 million barrels on July 28 but have since risen by almost 7 million barrels, according to the U.S. Energy Information Administration (EIA). In the rest of country, commercial crude stocks stood at 426 million barrels on July 28 but [Read more]
Trudeau accuses opponents of stoking regional divisions after pipeline cancelled
OTTAWA - The prime minister accused opponents on Saturday of "stoking national divisions" through their reactions to TransCanada's decision to cancel its Energy East Pipeline plans. Justin Trudeau said in a Facebook post that critics who attribute the proposed project's cancellation to government regulation "ignores the obvious." "Aside from its being intellectually dishonest, the reflexive stoking of regional tensions is a political dead end. The Conservative party, formerly the [Read more]
Painted Pony Announces Director Resignation
CALGARY, Oct. 6, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) announces the resignation of Peter A. Williams as a Director of the Corporation. Mr. Williams has been a key contributor to Painted Pony since he joined the Board of Directors in May 2014, specifically as Chair of the Compensation Committee and previously, as a member of the Audit Committee. The Board of Directors and the Corporation thanks Mr. Williams for his service to Painted Pony and [Read more]
Kinder Morgan pulls request for fish mats on Trans Mountain pipeline expansion
CALGARY - The company behind the proposed Trans Mountain pipeline expansion has dropped a request that the National Energy Board allow it to conduct some construction activity on the multi-billion dollar project. Last week, lawyers representing Kinder Morgan Canada subsidiary Trans Mountain asked the board for permission to install mats to deter fish spawning after the board told it last month to stop doing so. The lawyers said if the request was not granted, construction on the [Read more]
Kelt Provides Gas Marketing Update and Announces Flow-Through Equity Financing
CALGARY, AB--(Marketwired - October 06, 2017) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) has subscribed to TransCanada Corporation's Dawn Long Term Fixed Price (LTFP) service and in addition, has entered into various natural gas sales contracts in order to provide the Company with exposure to diversified gas price hubs and reduce exposure to a single market. Effective November 1, 2017, Kelt's gas market sales portfolio will consist of the following [Read more]
Canada Weekly Rig Count Down 4 to 209
Western Canada’s fleet of drilling rigs decreased to 209 actively drilling rigs according to data collected by Baker Hughes for the week of October 6th. From one week ago, Alberta rig counts decreased from 144 to 139, the Saskatchewan rig count increased by 1 from 39 to 40. Oil drilling dropped by 1 to 112; gas rigs dropped to 97 from 100. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. oil drillers cut rigs for 4th week in five -Baker Hughes
The U.S. oil rig count fell for a fourth time in the last five weeks as a 14-month drilling recovery stalled as energy firms reduced spending plans in response to recent crude price declines. The oil rig count fell by two to 748 in the week to Oct. 6, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The rig count, an early indicator of future output, is much higher than a year ago when only 428 rigs were active after energy companies [Read more]