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 […]

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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 […]

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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 […]

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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”) […]

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28 November

Image: TransCanada TransCanada Corp. is asking a federal judge in Montana to authorize early work on its $8 billion Keystone XL oil pipeline even as the decade-long project faces outstanding legal challenges. The Calgary-based company has asked U.S. District Judge Brian Morris to clarify or amend his ruling earlier this month to say the current […]

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28 November

CALGARY, Nov. 28, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) announces that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Wednesday, December 5, 2018, until further notice. About Whitecap Whitecap Resources […]

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28 November

CALGARY (660 NEWS) – The Prime Minister and the Federal Finance Minister both made an appearance in Calgary within the last seven days and they were both met with protesters because of the financial crisis involving record low oil prices. Now the Canadian Association of Petroleum Producers (CAPP) is calling out the government to act […]

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28 November

Premier Rachel Notley. Greg Southam/Postmedia “The Government’s intent in the policy was to provide for the orderly development of the oil sands in such a manner as to supplement but not displace production from the conventional industry.” — Province of Alberta, Internal Memorandum, Oil Sands Development Policy, February 1968 At first it was just pushing […]

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28 November

Bill Morneau isn’t getting aboard Rachel Notley’s oil-by-rail plan to boost crude shipments out of Alberta. But the federal finance minister didn’t completely derail the idea on Tuesday as a short-term way of alleviating the price discount thrashing Canadian oil producers. The province is growing testy waiting for an answer. Alberta’s premier recently asked the […]

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28 November

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 oil production will average 4.59 million barrels a day, 22,000 more than previously forecast, data from the Canadian energy regulator show. The raised production outlook comes even as pipeline bottlenecks have driven Canadian […]

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