CALGARY, ALBERTA--(Marketwired - June 14, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will move forward with a new $2 billion expansion program on its NOVA Gas Transmission Ltd. (NGTL) System, based on new contracted customer demand for approximately 3 billion cubic feet per day (Bcf/d) of incremental firm receipt and delivery services. "Between now and 2021, TransCanada is investing approximately $2 billion in new pipeline [Read more]
Headlines
Vermilion Energy Inc. Announces Board of Directors Appointment
CALGARY, June 14, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved the appointment of Mr. Stephen Larke to our Board of Directors. Mr. Larke brings over 20 years of experience in energy capital markets, including research, sales, trading and equity finance. He is currently an Operating Partner and Advisory Board member with Azimuth Capital Management, an energy-focused private equity fund based in Calgary, [Read more]
InPlay Receives TSX Approval for Normal Course Issuer Bid
CALGARY, AB--(Marketwired - June 14, 2017) - InPlay Oil Corp. ("InPlay" or the "Corporation") (TSX: IPO) (OTCQX: IPOOF) today announced the Toronto Stock Exchange ("TSX") has accepted InPlay's notice of intention to commence a normal course issuer bid (the "NCIB"). Under the NCIB, InPlay may purchase for cancellation, from time to time, as InPlay considers advisable, up to a maximum of 1,559,904 common shares of the Corporation ("Common Shares"), which represents 2.5% of the 62,396,169 issued [Read more]
Bellatrix Announces $34.5 Million Non-core Asset Sale
TSX, NYSE: BXE - CALGARY, June 14, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has entered into a definitive purchase and sale agreement for the sale of non-core assets in the Strachan area of Alberta (the "Strachan asset sale") for cash consideration of $34.5 million. The Strachan asset sale is consistent with Bellatrix's strategy to maintain a focused and concentrated asset base, while strengthening the balance [Read more]
Suncor Energy provides update on Syncrude Mildred Lake Oil Sands facility
CALGARY, ALBERTA--(Marketwired - June 13, 2017) - Suncor today provided an update on the Syncrude Mildred Lake Oil Sands facility following the March 14 incident. Repairs are progressing as planned and the maintenance work scheduled for the fall has been added to the plan, extending the timing of full ramp up to mid-July. Shipments have been reduced to approximately 130 kbpd (gross) in order to complete the accelerated maintenance and are expected to ramp up as additional units complete [Read more]
Saskatchewan pens letter to federal natural resources minister on update of NEB
REGINA - The Saskatchewan government has submitted its response to a report on the modernization of the National Energy Board. Energy Minister Dustin Duncan has sent a letter to federal Natural Resources Minister Jim Carr about what Saskatchewan sees as the positives and negatives in the report. Speaking at the legislature, Duncan said the government would welcome any changes that would result in the approval of sound energy projects. But he added those projects would [Read more]
EIA revises down oilsands reserve drop by about a third after data error
CALGARY - The U.S. Energy Information Administration has revised down its estimate of how much oilsands reserves were taken off the books last year because of a data error. In an updated brief out Tuesday, the EIA reports that 67 U.S.-listed companies debooked about 4.9 billion barrels of reserves in the oilsands, down from the 7.7 billion it reported Monday. The EIA had included the 3.5 billion barrels of reserves debooked by Exxon Mobil, plus the roughly 2.8 billion barrels of [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Jun. 12 Heavy Equipment Technician Canyon Technical Services Grande Prairie Jun. 12 Substation Maintenance Technician Canadian Natural Resources Fort McMurray Jun. 12 Manager, Health & Safety Bellatrix [Read more]
Canadian oil production projected to grow 33 per cent by 2030, CAPP says
CALGARY - The Canadian Association of Petroleum Producers expects oil production to climb 33 per cent by 2030 even as pipeline constraints and competition for investment threaten to slow future growth. The forecast calls for Canadian crude oil production to reach 5.12 million barrels per day by 2030, up from last year's projection that output would hit 4.93 million bpd. CAPP president Tim McMillan said Tuesday that the crude supply will grow by five per cent per year to 2020, but [Read more]
Crew Energy Announces Alliance Pipeline Force Majeure Causes Temporary Suspension of Montney Production
CALGARY, ALBERTA--(Marketwired - June 13, 2017) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") has been informed by the Alliance Pipeline Limited Partnership ("Alliance") that it has detected slope movement in the vicinity of its pipeline system near the Wapiti River, approximately 25 km southwest of Grande Prairie. Alliance plans to expose the affected section of pipe in order to conduct the necessary inspections subject to regulatory requirements. To accommodate this work, Alliance will [Read more]