25 January

CALGARY, AB – Topaz Energy Corp. ( TSX: TPZ ) (“Topaz” or the “Company”) is pleased to announce that it has entered into a strategic alliance with a private midstream water company (“Co-Venturer”), and together, entered into definitive agreements to each acquire a working interest in certain water infrastructure assets from an E&P producer (“Producer”) […]

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25 January

Irving Oil Ltd. is applying for a 62.8 per cent (4.09 cent per litre) increase in the allowed wholesale margin for motor fuels and a 54.9 per cent (3.02 cent per litre) increase in the margin for furnace oil. (Devaan Ingraham/Reuters ) Irving Oil’s attempt to win immediate wholesale petroleum price increases from the New […]

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25 January

CALGARY, AB – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF ) today announced that it has entered into a definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for total cash consideration of US$465 million (the “Acquisition”). Enerplus Bruin Williston […]

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25 January

Railcars holding crude oil CALGARY – Canadian exports of crude oil by rail jumped 87% in November as oil production rose in Western Canada amid limited pipeline capacity for heavy crude. The Canada Energy Regulator says rail shipments of oil amounted to 173,000 barrels per day, up about 80,000 bpd from 92,800 barrels per day […]

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25 January

Rail cars wait for pickup in Winnipeg in this file photo. The Canada Energy Regulator says rail shipments of oil averaged 173,000 barrels per day in November. (John Woods/The Canadian Press) Canadian exports of crude oil by rail jumped 87 per cent in November as oil production rose in Western Canada amid limited pipeline capacity […]

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25 January

In his first days in office, President Joe Biden moved to dismantle a slew of Trump-era regulations and make sweeping measures to bolster the nation’s Covid-19 response . The new president also ordered the establishment a variety of environmental protections and changes to immigration policy. As he embarks on his first full work week as […]

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25 January

A aerial view of Kinder Morgan’s Trans Mountain marine terminal, in Burnaby, B.C. The expansion of Canada’s government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers say. Trans Mountain Corp, a government corporation, is spending C$12.6 billion ($9.9 […]

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25 January

The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here . Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA A minimum of $10 billion worth of investments is currently being injected in the energy sector to delist Nigeria from one of the most energy impoverished nations in the […]

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24 January

→ Finance PhD: “Move your money in 2021” (Ad) North American Construction Group logo Analysts expect that North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) will post sales of $125.25 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for North American Construction Group’s earnings, with estimates ranging from $108.49 million […]

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24 January

→ Finance PhD: “Move your money in 2021” (Ad) SM Energy logo Shares of SM Energy (NYSE:SM) have received a consensus rating of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and […]

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