BISMARCK, N.D. - TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline now that they have other new options to ship their product, including the Dakota Access pipeline. The Calgary-based company's announcement this month comes with the Keystone XL still needing approval of its proposed route through Nebraska and with the Dakota Access, which was designed to transport about [Read more]
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Tanker moratorium off B.C. North Coast not needed: CAPP
CALGARY, ALBERTA--(Marketwired - May 15, 2017) - The Canadian Association of Petroleum Producers (CAPP) is disappointed with the Government of Canada's introduction of Bill C-48, the proposed Oil Tanker Moratorium - designed to establish a moratorium on tanker traffic carrying crude oil and other petroleum products along British Columbia's North Coast. The proposed moratorium could significantly impair Canada's oil and natural gas resources from reaching new markets and ensuring Canadians [Read more]
Russia, Saudi Arabia back extension of oil output cuts
MOSCOW - Russia and Saudi Arabia said Monday they want to extend oil production cuts through the first quarter of 2018, in a move the two major producers say would support the market price. Oil prices rose on the announcement that the countries want to extend the deal, which encompasses both nations in the Organization of the Petroleum Exporting Countries and some non-OPEC countries like Russia. The Russian Energy Ministry says extending the cuts through March 31, 2018, would [Read more]
Razor Energy Corp. Announces Closing of $17.25 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - May 15, 2017) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that it has closed its previously announced short form prospectus offering of subscription receipts of Razor ("Subscription Receipts") conducted on a reasonable efforts agency basis (the "Subscription Receipt Offering"). The Company issued 5,750,000 Subscription Receipts, including 750,000 Subscription Receipts issued on full exercise of [Read more]
Inclusive Energy, Al Shirawi Equipment Company join forces
CALGARY, Alberta and DUBAI, United Arab Emirates (May 11, 2017)— Calgary-based Inclusive Energy Ltd. and Dubai’s Al Shirawi Equipment Company LLC (ASECO) have signed a landmark energy services agreement, and the North American oilpatch stands to reap the benefits. Through an international joint venture partnership, Inclusive Energy will be introducing ASECO’s oilfield products—tank storage solutions, as well as treating and production equipment—under the Atlas brand to the Canadian and U.S. [Read more]
Pembina Pipeline Corporation and Petrochemical Industries Co. of Kuwait Establish Joint Venture and Proceed with Front End Engineering Design for Proposed 1.2 Billion Pound Per Year Integrated Polypropylene Facility
CALGARY, May 15, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it, along with Petrochemical Industries Company K.S.C. ("PIC") of Kuwait, has reached key milestones for the previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta ("PDH/PP Facility" or the "Project"). Pembina and PIC have executed 50/50 joint venture agreements (the "Joint Venture") that includes [Read more]
You can’t handle the truth? An excellent Globe and Mail environmental commentary gets universally ignored
Sometimes it pays to troll through the news, even a grubby old-fashioned newspaper. I grabbed a hard copy of the Globe and Mail in a hotel lobby on a recent trip, enjoying the nostalgic feelings of smudged ink and that sweet, familiar irritation that the Starbucks table was too small to lay it out properly. Luckily, the hard copy transcended my petty grievances handily. There was a gem of an article buried on P4 of the business section, which is too bad, because it was brilliant. It was on [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces First Quarter 2017 Results, Strategic Acquisition and Operational Update
CALGARY, AB--(Marketwired - May 15, 2017) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the three-month period ended March 31, 2017. Highlights Tidewater delivered record quarterly adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $14.4 [Read more]
InPlay Oil Corp. Announces First Quarter 2017 Financial and Operating Results
CALGARY AB--(Marketwired - May 15, 2017) - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces its financial and operating results for the three months ended March 31, 2017. InPlay's unaudited interim consolidated financial statements and notes, as well as management's discussion and analysis ("MD&A") for the three months ended March 31, 2017 will be filed today on the System for Electronic Document Analysis and Retrieval ("SEDAR") and our website [Read more]
XI Technologies – ARO Seminar and an Introduction to XI’s ARO Cost Model
As the industry leader in A&D and liability analysis software, XI Technologies is excited to host our fourth seminar to introduce our latest tool which complements our powerful LLR Analysis Module: The ARO Cost Model May 25th Seminar: ARO vs. LLR - Getting past common government regulator oversights to understand liability costs - Register Here Estimating Asset Retirement Obligation for an asset package or an entire company is a crucial aspect of scoping A&D deals. ARO has become a [Read more]