29 November

CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) — Bonterra Energy Corp. ( www.bonterraenergy.com ) (TSX: BNE) (“Bonterra” or the “Company”) today announces an adjustment to its monthly dividend to $0.01 per share commencing with the November 2018 dividend payable December 31, 2018. In response to the recent significant increase in the Canadian oil price differentials […]

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29 November

LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North American LNG export project for […]

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29 November

Alberta’s political leaders are pushing different plans to combat the oil price differential clobbering energy producers, with Premier Rachel Notley opting for crude-by-rail and Opposition leader Jason Kenney championing mandatory industry cuts. “We need the federal government at the table, treating it like the crisis it is,” said Notley Wednesday in a speech she delivered […]

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29 November

Lindbergh On Track to Exit 2019 at 19,000 Barrels Per Day with November Month-to-Date Production That Has Averaged an Estimated 18,700 Barrels Per Day CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported the realized pricing and differentials for Lindbergh diluted bitumen (“ Dilbit ”) for the months […]

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29 November

Saskatchewan forecast on Thursday a larger fiscal deficit than it previously projected, as revenue from oil and gas production dipped because of full pipelines. Saskatchewan, in a mid-year fiscal update, projected a $348.3 million deficit for 2018-19, compared with its forecast of $306 million in August. It had predicted a $365.3 million deficit in its […]

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29 November

In this Dec. 21, 2006, file photo, an auto worker puts a wiring harness in an empty vehicle body during production of the General Motors’ Chevrolet Equinox, Pontiac Torrent and the Suzuki XL7 at the CAMI Automotive facility in Ingersoll, Ontario, Canada. , Dave Chidley/The Canadian Press via AP, File Turmoil in Canada’s two largest […]

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29 November

Alberta is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said on Wednesday, as the energy-rich province takes actions to move oil stuck in the region because of a lack of pipeline capacity. Notley, who says the […]

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29 November

Bonterra Energy Corp. announced Thursday it is cutting its monthly dividend, citing weak oil prices, in the latest sign that Canada’s energy sector is under intense pressure. The Calgary-based oil and gas company said it will lower its monthly payout to $0.01 per share from $0.10 per share, beginning with its November dividend payable Dec. […]

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29 November

Image: Brian Zinchuk/Pipeline News Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices. The province has engaged a third party to negotiate the purchases and a deal may be struck “within weeks,” Premier Rachel Notley said Wednesday in a speech […]

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29 November

Alberta Opposition leader Jason Kenney. Image: Jason Kenney/Facebook EDMONTON — Alberta Opposition leader Jason Kenney says it’s time to take immediate action on the oil-price differential before it leads to further job cuts and losses to the province’s core industry. Kenney says he will work with Premier Rachel Notley’s government to fast-track a new law […]

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