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Will Oil Rates in the WSB South Duvernay Oil Play Ramp Up? The Duvernay South Oil play in the Pembina/Bigoray area in the West Shale Basin is in its infancy (figure 1). Resource play development often follows a pattern of increasing rates in the early stages as operators refine completions strategies; flattening rates in the [Read more]
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Oil edged higher on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs though concern that an economic downturn may dent fuel consumption curbed gains. U.S. West Texas Intermediate crude was up 14 cents at $58.66. OPEC and non-OPEC ministers who met in Azerbaijan to monitor their oil supply-cut accord said they planned [Read more]
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CALGARY, Alberta, March 18, 2019 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (TSX: FRU) (“Freehold” or the “Company”) announces changes to its executive management team effective today, including the resignation of Darren Gunderson, Vice-President, Finance and Chief Financial Officer and the appointment of Alan Withey as Interim Vice-President, Finance and Chief Financial Officer. Mr. Gunderson has [Read more]
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HOUSTON, March 18, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that Colby Dunn has resigned from his positions as Chairman of the Board of Directors of the Company (the “Board”) and member of the Board.  Prior to his resignation, Mr. Dunn served on the Compensation [Read more]
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VANCOUVER – British Columbia’s Court of Appeal will consider the question of provincial powers over the future of the Trans Mountain pipeline expansion project during a five-day hearing that starts today. The B.C. government’s reference case asks the court if the province has jurisdiction to regulate the transport of oil through its territory and restrict [Read more]
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ST. JOHN’S, N.L. – Work is underway to recover the faulty flowline connector believed to be responsible for an oil spill off the coast of Newfoundland last fall. Husky Energy says subsea operations to retrieve the connector and plug the flowline began Friday at the offshore site of the SeaRose production vessel as a window [Read more]
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VANCOUVER – British Columbia’s Court of Appeal will consider a key question regarding provincial powers in the political battle over the future of the Trans Mountain pipeline expansion project during a five-day hearing that starts Monday. The B.C. government’s reference case asks the court if the province has jurisdiction to regulate the transport of oil [Read more]
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** Canaccord Genuity downgrades Canada-based oil and gas producer to "hold" from "buy", cuts PT to C$14.50 from C$22 ** Brokerage says FEC remains a "show-me" story, citing declining production, high cost structure and need of acquisitions to grow ** Says it will take at least 2-3 qtrs of positive, consistent results and success in [Read more]
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ITT to demonstrate its extensive rail expertise, experience and product portfolio in the hub of the French rail market IRVINE, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ITT&src=ctag” target=”_blank”gt;$ITTlt;/agt;–ITT Inc.’s (NYSE:ITT) Veam and Cannon brands will showcase their comprehensive portfolio of innovative rolling stock and railway infrastructure interconnect solutions at SIFER 2019, Stand 1/102, March 26-28 in Lille, France. “For [Read more]
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TULSA, Okla.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/celp?src=hash” target=”_blank”gt;#celplt;/agt;–Cypress Energy Partners, L.P. (NYSE:CELP) today reported: Revenues of $88.9 million for the fourth quarter, an increase of 28% from the fourth quarter of 2017; Gross margin of $12.1 million for the fourth quarter, an increase of 30% from the fourth quarter of 2017; Full-year 2018 net income attributable to limited [Read more]
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