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Canary CEO Dan Eberhart: $50 a Barrel Oil Means Stability to American Producers
June 1, 2016
The history of the oil industry is a tale of boom and bust cycles. But when oil climbed to $50 per barrel for the first time since last fall, it may have signaled the end of one of most protracted
Regency Mines Targets Acquisitions of Distressed U.S. Gas Assets
June 1, 2016
Regency Mines Plc revealed it has continued to make new investments - and seemingly a name change looks increasingly necessary - as it backed another hydrocarbon venture. The company, which had focused on mining, is now backing a new vehicle
Austin Exploration Finds Oil at Its Pathfinder Project, Colorado
June 1, 2016
Austin Exploration Ltd’s intersected a significant 790 feet column of oil in the Pierre formation at the company’s flagship Pathfinder project in Colorado, U.S.A. The oil was discovered in both drill cuttings and on the drill string which was saturated
Kinder Morgan Secures Regulatory Approval for Its $5.19 Billion Canadian Pipeline Expansion Project
June 1, 2016
Canada’s energy regulator National Energy Board (NEB) has conditionally recommended the approval of Kinder Morgan’s C$6.8bn ($5.19bn) Trans Mountain oil pipeline expansion project. In a report, NEB has recommended the Governor in Council to approve the project but with 157
Suncor Recommences Operations After Wildfires at Firebag In Situ Facility, Canada
June 1, 2016
Canada-based Suncor Energy has restarted operations in the Regional Municipality of Wood Buffalo (RMWB). Initial production from its Firebag in situ facility had already began. At the Base Plant and the MacKay River in situ facility, start-up activities are underway
Oil Hits $50 a Barrel
June 1, 2016
The magic number was delivered to traders and investors in the oil market for a brief time on Thursday. Oil at US$50 a barrel was the half year aim for the more optimistic players in the energy sector. While welcomed
TransCanada Secures 13 Project Agreements with First Nations Along Coastal GasLink Pipeline Route
May 31, 2016
TransCanada Corporation’s Coastal GasLink pipeline project now has 13 signed project agreements with First Nations and is in continuing consultation with an additional eight First Nations along the proposed pipeline route. Kitselas First Nation and McLeod Lake Indian Band are
DXI Energy to Expand Oil Production at Woodrush Project, British Columbia
May 31, 2016
DXI Energy Inc. has formed its strategic plan to expand production and improve operational efficiencies at its core Woodrush project in NEBC. The Woodrush project currently includes 4 oil wells and 9 natural gas wells with significant processing facilities and
CAPP: New Brunswick’s Decision to Extend Hydraulic Fracturing Moratorium is Step in Wrong Direction
May 31, 2016
The Canadian Association of Petroleum Producers (CAPP) has expressed disappointment with the New Brunswick government’s decision to extend the moratorium on hydraulic fracturing. “Industry has been working with the government to ensure world-class regulations and environmental protection is in place,”
Citadel to Acquire Natural Gas Pipeline Transportation Capacity from WPX Energy
May 26, 2016
Citadel, a global investment firm, has agreed to acquire a portfolio of natural gas pipeline transportation capacity through 2032 in the Western U.S. from WPX Energy. The acquisition is expected to close in the third quarter of 2016. This follows
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