CALGARY, ALBERTA--(Marketwired - Sept. 14, 2017) - Harvest Operations Corp. ("Harvest" or the "Company") is pleased to announce that it has agreed to issue and sell U.S.$ 285 million senior unsecured notes due 2022 with a coupon rate of 3% (the "Notes"). The Notes have been rated Aa2 and AA by Moody's Investors Service and S&P Global Ratings, respectively. The Notes will be unconditionally and irrevocably guaranteed by Harvest's parent company Korea National Oil Corporation ("KNOC"). [Read more]
Headlines
Police report repeated mischief to Enbridge pipeline in Hamilton
Hamilton police are investigating multiple instances of tampering at an oil pipeline project in the city. Investigators provided few details about the incidents involving the Line 10 pipeline, which runs through Hamilton and is owned by Enbridge Inc. (TSX:ENB). The damage consisted of holes drilled into the pipeline, adding there have been multiple instances of trespassing in the past week, police said Thursday in a release. No other information was available. A [Read more]
Partners pull plug on Aurora LNG project near Prince Rupert
CALGARY - In the latest setback to B.C.'s liquefied natural gas export industry prospects, the partners developing the Aurora LNG project say they are ending a feasibility study after four years. Nexen Energy, a Calgary-based subsidiary of Chinese oil giant CNOOC Ltd., says it has decided with Japanese partner INPEX Gas British Columbia Ltd. to stop work on the proposal effective immediately. The company says in a statement the current "macro-economic environment" doesn't support [Read more]
Emerging Opportunities in the South Duvernay Oil Play!
Does the Southern Duvernay Oil Play have room to expand? 612 sections (that’s 17 townships) posted for upcoming land sales certainly suggests it does. Although earlier land grabs focused on the 3 million acre East Shale Basin fairway, the sparsely drilled 1.2 million acre West Shale Basin oil fairway just started to sizzle. With land sale prices on the rise, the potential for low cost entry is rapidly disappearing. To help our clients evaluate these emerging opportunities Canadian Discovery [Read more]
Hillcrest Petroleum Expects Alberta Assets To Start Production by November 2017, Saskatchewan Asset To Follow
September 12, 2017 / TheNewswire / MONTREAL, QUEBEC, Momentum PR client, Hillcrest Petroleum Ltd., is listed on the TSX Venture exchange ("TSXV") under the symbol: HRH and in the United States on the OTCQB under the symbol: HLRTF. Momentum PR is pleased to have produced an informative and comprehensive report on Hillcrest Petroleum Ltd., available on the Momentum PR's website. Hillcrest Petroleum Highlights: On July 26, 2017 Hillcrest announced that the Alberta Energy Regulator had [Read more]
U.S. crude inventories jump, gasoline stocks drop most on record: EIA
U.S. crude oil stockpiles rose sharply last week and gasoline inventories fell the most on record as refineries continued to be hampered by damage from Hurricane Harvey, the Energy Information Administration said on Wednesday. Refineries operated at the lowest level in nine years after Harvey, which hit the Gulf Coast on Aug. 25, shuttered plants on the Texas Coast as well as oil production operations and ports. Crude oil production that was shuttered in the wake of Harvey have began to return [Read more]
OSY Rentals: Canadian Oilpatch’s Version of Redneck Sophistication
The folks at OSY Rentals, headquartered in Major, Saskatchewan, areproud to star in a comedy YouTube series, affectionately called Oh Sh!t Yeah – think Duck Dynasty meets Ice Road with a dash of Gold Rush – and are pleased to announce the launch of season two this September. They promise it will be funnier, more disrespectful, with added touches of sacrilege. Yet beneath the redneck veneer of irreverence and profanity, lurks a crew of 12 dedicated technicians who are deadly serious about their [Read more]
Questfire Energy shuts in 900 boepd because of Alberta wildfire -CEO
Junior Canadian oil and gas producer Questfire Energy Corp has shut in 900 barrels of oil equivalent per day of mostly natural gas production because of a wildfire raging in southern Alberta, the company chief executive said on Wednesday. CEO Richard Dahl said the out-of-control Kenow wildfire is currently about 2-3 kilometres west of the company's operations, which were shut in at about 2 a.m. local time on Tuesday morning. (Reporting by Nia Williams; Editing by Chris Reese) [Read more]
Alberta Property Divestiture: Murray Lake (Medicine Hat) & Other Areas – Avalon Energy Ltd.
Avalon Energy Ltd (“Avalon” or the “Company”) has engaged Sayer Energy Advisors (“Sayer”) to assist it with the sale of the Company’s Alberta oil and natural gas assets (the “Properties”). Avalon is a private company with a 28 year history of operating oil and natural gas properties in western Canada. The Company has recently decided to focus its activities in Saskatchewan, and as a result, its Alberta properties are being sold at this time. The Properties, which are all Avalon-operated oil [Read more]
Heritage Royalty: Palliser Q3 2017 Prospects
Heritage Resource Limited Partnership referred to as “Heritage” is marketing fee simple mineral rights for Farmout/Lease with respect to a Mannville prospect on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data. Highlights Tide Lake North T18/19 R11/12 W4M 35.5 contiguous sections of available PNG in Mannville* Partial 3D/Full 2D Seismic coverage available for review. *Details found at [Read more]