CALGARY, Aug. 30, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) announces updated 2017 capital budget and 2018 development plan details. Consistent with Painted Pony's focus on capital discipline, the Corporation has reduced planned capital spending levels for 2017 and 2018 to ensure Painted Pony maintains its current financial flexibility in a lower than anticipated commodity price environment. Highlights: Combined $72 million reduction to the [Read more]
Headlines
Harvey knocks out more refineries, shifting global oil flows
DALLAS - Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity. It will be days or even weeks before the energy sector in the southeast Texas Gulf Coast is back to normal operations as it deals with flooding in the aftermath of Harvey, which has been downgraded to a tropical storm. The region from Corpus Christi, Texas, where Harvey made [Read more]
Canada band raises new issue in Kinder Morgan pipeline challenge
A Canadian aboriginal band seeking to stop Kinder Morgan Inc's Trans Mountain pipeline expansion has asked a court to consider the federal government's position for a tougher review on a rival project. The west coast Tsleil-Waututh Nation made the request in a letter to the Federal Court of Appeal seen by Reuters this week. The request came after Canada's resource regulator announced a tougher upcoming review for TransCanada Corp's Energy East pipeline last week, but [Read more]
About a quarter of U.S. fuel output shut, Harvey churns on
HOUSTON (Reuters) - Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry overnight after flooding the biggest U.S. refiner in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. Harvey’s disruption of the petroleum industry has driven gasoline futures prices up 16 percent over the past week and prices at the pump are rising too, particularly in the South. About 4.2 million barrels of [Read more]
Harvey’s Gulf Coast refining disruption expected to be measured in months
CALGARY - Canadian-owned refineries are expected to register higher profits as more U.S. Gulf Coast facilities are shut down due to ongoing extensive flooding from what's left of Hurricane Harvey. And some analysts say refinery outages in Texas that have already sparked higher gasoline prices in the United States and Canada will likely continue to affect North American fuel markets for months. "Gasoline prices moving higher, it does help all of the refiners," said Randy [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2017
CALGARY, Aug. 30, 2017 /CNW/ - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the second quarter of 2017. The full text of Manitok's second quarter results are contained in its unaudited and unreviewed condensed interim consolidated financial statements as at and for the three and six months ended June 30, 2017 and the related management's discussion and analysis, copies of which are available electronically on Manitok's [Read more]
XI Technologies – Regulatory Solutions Workshop
With over ten years of experience, XI Technologies (XI) provides the foremost suite of regulatory tools for the oil & gas industry. XI is hosting a complimentary workshop to provide an overview of these offerings: XI H2S Reports – Quickly assess a prospective drilling site for H2S Release Rate Potential. We provide the most reliable data to evaluate and calculate the potential H2S risks in your prospective locations. See blog post! H2S Complete – We take our H2S Reports a step [Read more]
Marksmen Energy Inc. Announces Consolidated Financial Result for 3 and 6 Months Ended June 30, 2017 and Update Regarding Private Placement
CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the interim 3 and 6 month period ended June 30, 2017 as well as an update regarding the current private placement. The following documents have been filed on SEDAR: Financial Statements Management’s Discussion and Analysis (“MD&A”) Form 52-109FV2 Certificate of [Read more]
Court rules B.C. will have intervener status in Trans Mountain pipeline case
OTTAWA - The Federal Court of Appeal is allowing British Columbia to be an intervener in a legal fight against the Trans Mountain pipeline expansion, but with some conditions. Several First Nations and municipalities filed legal challenges against Ottawa's approval of the $7.4-billion project that would triple the capacity of the Alberta-to-B.C. pipeline and increase tanker traffic from the Vancouver area to the south portion of Vancouver Island. B.C.'s new NDP government, which [Read more]
Connacher Announces Q2 2017 Results
CALGARY, Aug. 29, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017 ("Q2 2017") (all amounts are in Canadian dollars unless otherwise noted). Connacher has posted four consecutive quarters with positive netbacks and two quarters with positive adjusted EBITDA for the first time since 2014. Improved pricing, major cost structure reductions while maintaining high operational [Read more]