According to a Globe and Mail article, Torxen Resources Ltd, led by former Cenovus Energy Inc Chief Operating Officer John Brannan, is leading a bid to acquire a major Alberta natural gas property from his former employer. The Globe reported that the deal that could be worth up to C$600 million. Torxen is said to be the front-runner to acquire the Suffield property according to the Globe article. The transaction would be the second for Cenovus as part of a slate of assets sales that could [Read more]
Headlines
U.S. natural gas prices rise as winter stocks look tight
LONDON (Reuters) - U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough given the increase in exports and the number of additional combined-cycle power plants that have become operational in 2017. The last two winters have been exceptionally mild; if this winter proves colder, which is likely simply on the basis [Read more]
When It Comes to Logs, You Have Options
Are you looking for digital logs & need inexpensive ways to get key logs? Do you have a digital log subscription but they don’t have the log you are looking for? Do you wish you could get digital strip logs? Are you tired of fighting to download your logs and get them workstation ready? If you answered ‘yes’ to any of the above then we should talk. At Divestco our log library features over: 8.6 Million digital logs in the Western Canadian Sedimentary Basin 2.5 Million [Read more]
Don Gray Announces Acquisition of Common Shares of Petrus Resources Ltd.
CALGARY, ALBERTA--(Marketwired - Sept. 19, 2017) - Don Gray ("Mr. Gray") announces that between September 15, 2017 and September 18, 2017, he acquired 202,200 common shares ("Common Shares") of Petrus Resources Ltd. (the "Company" or "Petrus") on the open market through the facilities of the Toronto Stock Exchange at an average price of $2.49 per Common Share. The total consideration paid by Mr. Gray for the acquisition of the 202,200 Common Shares was $503,508. As at the date hereof, Mr. [Read more]
B.C. asked oil, gas industry to ‘refine’ climate plan recommendations: documents
VANCOUVER - British Columbia's former Liberal government asked oil and gas corporations to "refine" the language of recommendations made by an advisory panel before it finalized its Climate Leadership Plan, documents show. Meeting agendas and presentations obtained under freedom-of-information legislation by the left-leaning Canadian Centre for Policy Alternatives provide insight into the extent of industry consultation on the plan. The government-appointed Climate Leadership [Read more]
White Owl Announces Agreements on Clairmont Terminal
CALGARY, ALBERTA, September 8, 2017 – White Owl Energy Services Ltd. (“White Owl”) is pleased to announce the acquisition of the Pembina Pipeline connected Clairmont Terminal at LSD 01-09-073-05W6 (the “Terminal”) in the Grande Prairie area of Alberta. White Owl has concurrently entered into a long-term strategic agreement with Trafigura Canada General Partnership (“Trafigura”) whereby Trafigura will provide crude oil marketing services for the terminal. White Owl remains the owner and licensed [Read more]
National Energy Board Issues three Inspection Officer Orders to Spectra Energy Transmission (Westcoast Energy Inc.)
CALGARY, Sept. 18, 2017 /CNW/ - The National Energy Board (NEB) has issued three Inspection Officer Orders (Orders) to Westcoast Energy Inc., carrying on business as Spectra Energy Transmission (Westcoast) for the company's failure to adhere to worker safety, pipe handling and environmental protection requirements during construction activity on the High Pine Expansion Project near Chetwynd, British Columbia. The new pipeline poses no immediate environmental or public safety concerns. The [Read more]
Ottawa should pay for added Energy East pipeline regulatory costs: N.B. premier
FREDERICTON - New Brunswick's premier says if Ottawa wants to change the rules of the regulatory process for the Energy East pipeline, it should pay the added costs. In an open letter to Prime Minister Justin Trudeau, Brian Gallant says the proposed project is in jeopardy because the National Energy Board has said it would consider the impact of indirect greenhouse gas emissions caused by the project. The premier says Ottawa should pay for the analysis of upstream and downstream [Read more]
Pine Cliff Energy Ltd. Announces Management Update
CALGARY, Alberta, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) announces that Cheryne Lowe, Pine Cliff’s Chief Financial Officer and Corporate Secretary, is going on maternity leave, effective immediately. The Company has appointed Alan MacDonald as Interim Chief Financial Officer and Corporate Secretary. Mr. MacDonald is a Chartered Accountant with over 30 years of experience in the oil and gas industry and most recently held the Vice [Read more]
Point Loma Resources Announces test rates of successful Nordegg recompletion and operational update
CALGARY, Alberta, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) is pleased to announce the test rates of the 5-31-55-6W5 well and provide an operational update. Highlights and Operational update Point Loma has recompleted its 5-31-55-6W5 Nordegg well higher in the section and after establishing flow the final 24 hour rates averaged 160 bpd oil, 850 mcfd gas and 428 bpd water; This test demonstrates the potential of [Read more]