CALGARY - TransCanada Corp. said Thursday that it has confirmed enough commercial support for its controversial Keystone XL pipeline thanks in part to a commitment from the Alberta government. The company said it has secured 500,000 barrels a day of 20-year commitments for the project after concluding an open season, locking up about 60 per cent of the 830,000 barrels of planned capacity. TransCanada chief executive Russ Girling thanked U.S. President Donald Trump for his [Read more]
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Heritage Resource Limited Partnership – Palliser Enchant Prospect
Palliser Enchant Prospect Heritage Resource Limited Partnership is marketing fee simple mineral rights for Lease on the Palliser Block. The prospect area identifies horizontal development opportunities in the Mannville and below base Mannville by using subsurface analog data. Highlights Enchant T14/15 R15/16 W4M ~15 contiguous sections of available PNG from Top Mannville to Basement* Partial 3D/2D Seismic coverage available for review. *Details found at [Read more]
Central Alberta Mineral Rights for Sale or Lease; Taber East Nisku and Mannville Oil Prospect Available
The Listmineralrights.com marketplace brings buyers and sellers together. See today's featured listings: Central Alberta Freehold Mineral Rights for Lease or Sale Taber East Nisku and Mannville Oil Prospect [Read more]
OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes
OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said outside producers would boost supply by 1.15 million barrels per day (bpd) this year, up from 990,000 bpd expected previously. “Higher oil prices are bringing [Read more]
Pengrowth Announces $65 Million 2018 Capital Budget With Expected Growth of 25 Percent in Exit Production
CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that the Company’s Board of Directors has approved a 2018 capital expenditure budget of $65 million. 2018 capital spending will be focused on adding production volumes at the Company’s two 100 percent owned and operated assets at Lindbergh and Groundbirch. The 2018 capital budget is expected to grow production volumes through the course of the year from a December 2017 exit [Read more]
Obsidian Energy Comments on Statement by FrontFour Capital Group LLC
CALGARY, Jan. 17, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") confirms it is aware of a statement by FrontFour Capital Group LLC ("FrontFour") regarding their views on the direction of the Company. Obsidian Energy's corporate strategy is well defined and has the unanimous support of the Board of Directors (the"Board"). We have been organically growing the Company through the combination of sustaining a low decline production base [Read more]
Husky ordered to halt SeaRose operation after iceberg close call
Canadian regulators on Wednesday ordered Husky Energy to suspend operations on its 27,000-barrel-per-day SeaRose floating production vessel off the coast of eastern Canada after an iceberg came too close to the facility in March 2017. The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) made its decision after an investigation found Husky did not follow its own Ice Management Plan when an iceberg came within 0.25 nautical mile of the floating production, storage and [Read more]
Chinook Energy Inc. Provides Operational and Corporate Update
CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") is pleased to provide the following operational and corporate update. Operational Update On December 22, 2017, Chinook commissioned the on-time expansion of its compressor station at Birley/Umbach from 25 mmcf/d to 50 mmcf/d. Total costs for this facility expansion were $13.8 million ($11.1 million net). With the completion of this expansion, the Company now has the capacity to [Read more]
Kinder Morgan says Trans Mountain project could be a year behind schedule
CALGARY - Kinder Morgan Canada Ltd. said Wednesday that the Trans Mountain pipeline expansion project could be a year behind schedule as it continues to encounter permitting delays. The estimate is three months further behind from the company's last estimate in December, and now potentially puts the $7.4-billion project in service by Dec. 2020 depending on regulatory, permit and legal approvals. Calgary-based Kinder Morgan Canada (TSX:KML) said it has scaled back spending in 2018 [Read more]
Kinder Morgan Canada Limited Declares Dividends and Announces Results for Fourth Quarter of 2017
Continues to Pursue Primarily Permitting Strategy on Trans Mountain Expansion Project; Made Progress on Permitting in the Fourth Quarter; Ends 2017 with No Outstanding Debt CALGARY, Jan. 17, 2018 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the fourth quarter of 2017 of $0.1625 per restricted voting share ($0.65 annualized), payable on February 15, 2018, to restricted voting shareholders of record as of January 31, 2018. KML's restricted [Read more]