Western Canada’s fleet of drilling rigs increased this week to 220 actively drilling rigs according to data collected by Baker Hughes for the week of July 28. From one week ago, Alberta rig counts increased to 146 rigs from 132, the Saskatchewan rig count remained at 42. Oil drilling increased to 129 rigs from 118; gas rigs increased to 91 from 88. View a full breakdown of western Canada’s rig activity. [Read more]
Headlines
Toscana Energy Announces Second Quarter 2017 Results
CALGARY, Alberta, July 28, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX:TEI) announces financial and operating results for the second quarter ended June 30, 2017. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2017. This news release [Read more]
U.S. drillers add fewest oil rigs in a month since May 2016 -Baker Hughes
U.S. energy companies added 10 rigs in July, the fewest of any month since May 2016, as recent declines in crude prices have slowed the pace of a 14-month drilling recovery. The rig count has slowed as several U.S. exploration and production (E&P) companies reduced capital spending plans. Drillers added two oil rigs in the week to July 28, bringing the total count up to 766, the most since April 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed [Read more]
Imperial announces second quarter 2017 financial and operating results
Net loss of $77 million compared to a net loss of $181 million in second quarter of 2016 Progressing a comprehensive plan to improve reliability and achieve targeted production levels at Kearl Increased ability to deliver value to shareholders through an expanded share buyback program CALGARY, July 28, 2017 /CNW/ - Second quarter Six months millions of Canadian dollars, unless [Read more]
TransCanada Reports Strong Second Quarter 2017 Financial Results; Performance Highlights Diversified, Low Risk Business Strategy
CALGARY, ALBERTA--(Marketwired - July 28, 2017) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2017 of $881 million or $1.01 per share compared to net income of $365 million or $0.52 per share for the same period in 2016. Comparable earnings for second quarter 2017 were $659 million or $0.76 per share compared to $366 million or $0.52 per share for the same period in 2016. TransCanada's Board [Read more]
TransCanada to expand Canadian Mainline capacity through new investment
TORONTO, ONTARIO--(Marketwired - July 28, 2017) - News Release - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it will apply to the National Energy Board (NEB) to expand the capacity of the Canadian Mainline System through its Maple Compressor Station near Vaughan, Ontario. The approximately $160 million project is underpinned by 15-year contracts and will increase capacity to the southern Ontario market plus delivery to Atlantic Canada via the Trans Québec & [Read more]
Petronas to take a hit from Canada pullout, but sees long-term domestic gains
Petronas may have to write off up to $800 million for work already done at the $29 billion Canadian liquefied natural gas (LNG) project, but scrapping the project brings long-term benefits, analysts said on Friday. State-owned Petroliam Nasional Bhd (Petronas) announced on Tuesday it would not proceed with its proposed Pacific NorthWest LNG terminal in British Columbia mainly due to depressed prices. "A rough gauge indicates that Petronas holding a 62 percent stake (in the project) would [Read more]
Bonavista Energy Corporation Announces 2017 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 27, 2017) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2017. Results for the second quarter of 2017 are highlighted by a 29% increase in funds from operations and a 6% decrease in cash costs when compared to the second quarter of 2016. The unaudited financial statements and notes, as well as management's discussion and analysis, are available [Read more]
Suncor, Total SA argue over cost of Fort Hills project
Canada's Suncor Energy Inc is in the early stages of a commercial dispute with France's Total SA over funding for the Fort Hills oil sands project in northern Alberta, the two companies said on Thursday. The 194,000-barrel-per-day mining project is a joint venture between Suncor, Total and Teck Resources Ltd . Earlier this year Suncor upped its Fort Hills capital costs estimate to between C$16.5 billion and C$17 billion, from C$15.1 billion, and on Wednesday the Canadian [Read more]
TransCanada Launches Binding Open Season for Keystone Pipeline System
CALGARY, ALBERTA--(Marketwired - July 27, 2017) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today launched an Open Season to solicit additional binding commitments from interested parties for transportation of crude oil on the Keystone Pipeline and for the Keystone XL Pipeline project from Hardisty, Alberta to markets in Cushing, Oklahoma and the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the Open Season [Read more]