29 November

SAGD wellpad in northern Alberta. Image: Joey Podlubny/JWN CALGARY — Big Canadian oil and gas companies face downgrades in their credit scores if current steep price discounts for their products continue, warns credit rating agency DBRS Ltd. in a report released Wednesday. Such rating cuts could affect the companies’ ability to access credit to fund […]

Read More
29 November

Image: University of Calgary A key R&D centre for Canada’s oil and gas industry will be converted into the new Life Sciences Innovation Hub at the University of Calgary. The U of C announced it is purchasing Shell Technology Centre Calgary on Tuesday. The facility has operated in the University Research Park for three decades. […]

Read More
29 November

CALGARY — Bonterra Energy Corp. is slashing its monthly dividend to a penny per share due to the drop in oil prices. The energy company says the new rate will apply to its November dividend which is payable on Dec. 31. Bonterra had been paying a monthly dividend of 10 cents per share. The company […]

Read More
29 November

A dragline excavator is seen at the Suncor Energy Inc. Fort Hills mine. The biggest driver of higher output is heavy oilsands crude, which may reflect the faster-than-expected ramp up of the mine. Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast. The country’s […]

Read More
29 November

The big banks are considered proxies for other Canadian industries, which means keeping an eye on their quarterly profits this week can offer a glimpse of how other parts of the economy are doing. (David Donnelly/CBC) It’s the final quarterly earnings season for the big banks in 2018, when Canada’s biggest lenders tip their hands […]

Read More
29 November

Alberta Premier Rachel Notley delivers a speech in Ottawa, Wednesday November 28, 2018. Premier Rachel Notley will discuss the Alberta energy industry’s challenges and why all Canadians have a stake in its success at a lunchtime event at the Toronto Region Board of Trade on Thursday. On Wednesday in Ottawa, Notley said her government is […]

Read More
28 November

CALGARY — Credit rating agency DBRS Ltd. is warning that some of the big Canadian oil and gas companies it covers could face downgrades in their credit scores if current steep price discounts for their products continue. Such rating cuts could affect the companies’ ability to access credit to fund growth and potentially increase what […]

Read More
28 November

Albertans own their oil and gas resources, a fact enshrined in Canada’s Constitution thanks to the leadership of the late former premier Peter Lougheed. As owners, Albertans need to know they can make choices that get our oil sector back on track. While media reports focus on companies losing profits and governments losing billions of […]

Read More
28 November

Disruptive forces are forcing oil and gas executives to intensify their portfolio reviews, EY reports. Disruptive forces such as geopolitical uncertainty and the energy transition are forcing oil and gas executives to intensify their portfolio reviews, EY reported Wednesday. Fifty-nine percent of execs surveyed by EY for its most recent Oil and Gas Global Capital […]

Read More
28 November

CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) announces that the Company has received the written resolution (the “Resolution and Consents”) of over 96% of the holders (“Noteholders”) of the Company’s 8.0% convertible notes (“Notes”) to affect certain amendments to the trust indenture (“Trust Indenture”) […]

Read More