OTTAWA, June 5, 2017 /CNW/ - Liquefied natural gas (LNG) is greener than any other fossil fuel and more affordable than many renewables, which means it will play a significant role as we transition to a clean energy future. Canada is the world's fifth-largest producer of natural gas, and creating the conditions to open access to global markets will help to create good, middle-class jobs for Canadians. Today, while speaking at the Canadian Embassy in China, the Honourable Jim Carr, Canada's [Read more]
Headlines
TransCanada Completes Sale of U.S. Northeast Power Assets
CALGARY, ALBERTA--(Marketwired - June 5, 2017) - News Release - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it has completed the sale of its remaining U.S. Northeast merchant power generation assets to Helix Generation, LLC, an affiliate of LS Power Equity Advisors, for approximately US$2.1 billion including a purchase price adjustment as a result of an unplanned outage at Ravenswood prior to close. Proceeds from this transaction will be used to fully retire [Read more]
Raging River Exploration Inc. Announces Land Position in Duvernay Shale, Operations Update and Management Update
CALGARY, ALBERTA--(Marketwired - June 5, 2017) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) is pleased to announce an entrance into a new light oil focus area. The Company has been accumulating land over the last year and is pleased to announce that to date, it has accumulated approximately 100,000 net acres of land prospective for light oil in the Duvernay Shale basin in central Alberta. Although the play remains in its infancy, the characteristics exhibited by [Read more]
Gibsons Appoints Steve Spaulding as President and CEO
CALGARY, ALBERTA--(Marketwired - June 5, 2017) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today that Steve Spaulding has been named as the company's President and Chief Executive Officer. This appointment will be effective June 19, 2017, at which time he will also become a member of Gibsons' Board of Directors. Steve is an accomplished industry veteran with more than 25 years' experience in the midstream space. Most recently, Steve served as Executive Vice [Read more]
Ikkuma Resources Announces Resource Study of its Large Light Oil Discovery
CALGARY, June 5, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) announces that it has completed a resource study of its interest in the Cardium and Badheart formations contained within its land holdings in the Narraway and Lynx areas of the northern Alberta Foothills (the "Study Area"), audited by Deloitte LLP ("Deloitte"), independent qualified reserves evaluators of Calgary, Alberta. Ikkuma's Cardium and Badheart holdings within the northern Alberta [Read more]
How does Trump dumping the Paris accord make China the good guy? Blowing hot air and burning coal are entirely different things
Wow, how messed up is this? Last week President Trump showed his independence and fearlessness by taking a firm stand against pretty much everyone, including his most senior advisors (i.e., even Rex Tillerson, his industry-cultivated Secretary of State) by dropping out of the Paris climate accord. That possibly shouldn’t be a surprise given some of his election-era theorizing, despite the fact that it’s a dubious achievement. What is a surprise is the environmental ogre – China - that’s [Read more]
Junior oil and gas players go missing, not seen recovering any time soon
CALGARY - Canada's publicly traded junior oil and gas sector has shrunk to a shadow of its former self and isn't seen recovering any time soon, hit by the combination of soft energy prices, disinterested investors and higher-cost projects that favour large companies. The trend marks a significant shift for an industry in which these smaller players traditionally played an outsized role in discovering and developing new oil and gas pools, often becoming takeover targets that helped grow [Read more]
NuVista Energy Ltd. Provides Update on Planned Maintenance Outages and Quarterly Production Ranges, Reaffirms Full Year 2017 Production and Funds from Operations Guidance
CALGARY, ALBERTA--(Marketwired - June 4, 2017) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) would like to provide an update on our operational progress and outlook for 2017. Weekly production continued with strength, reaching 33,000 Boe/d after the previously reported unscheduled 3rd party gas plant outage in April. In May, the planned maintenance outage for the K3 midstream gas plant commenced on time and it continues on schedule with a planned startup in mid June. [Read more]
Fox News’ Chris Wallace Confronts Al Gore With His Failed Global Warming Predictions [VIDEO]
“Fox News Sunday” host Chris Wallace confronted former Vice President Al Gore on his 2006 claim that unless drastic action was taken humanity would face a “true planetary emergency” in the next decade. “Unless we take drastic measures the world would reach a point of no return within 10 years,” which Gore said would precipitate a “true planetary crisis” due to man-made global warming. Wallace pointed out it’s been 11 years since Gore made the claim in his 2006 film “An Inconvenient Truth,” and [Read more]
No further concessions on Trans Mountain, Kinder Morgan Canada president says
TORONTO - Kinder Morgan Canada won't make further concessions on its Trans Mountain pipeline expansion, the company's president said Friday, setting the stage for a showdown with British Columbia's potential government-in-waiting. Ian Anderson said he is willing to meet with the provincial NDP and Greens, who have vowed to immediately stop the $7.4-billion development should they oust the Liberals from power through an alliance. But moments after toasting Kinder Morgan Canada's [Read more]