Michigan governor halts Great Lakes oil tunnel

TRAVERSE CITY, Mich. – Michigan Gov. Gretchen Whitmer has ordered state departments and agencies to take no further action on legislation enacted in late 2018 authorizing construction of an oil pipeline tunnel beneath lakes Huron and Michigan. It would house a more than 4-mile (6.4-kilometre) section of Enbridge’s Line 5, which carries oil and natural [Read more]

Source: BOE Report

Marksmen Announces Final Closing of Private Placement

CALGARY, Alberta, March 28, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the second and final closing (“Second Tranche”) of its previously announced non-brokered private placement of units (the “Units”) of Marksmen at a price of $0.10 per Unit (the “Offering”). The Company issued 865,000 Units under [Read more]

Source: BOE Report

Potential Trans Mountain pipeline buyer says it agrees with federal principles

CALGARY – One of the leaders of a First Nations consortium planning to offer $6.8 billion for majority ownership of the Trans Mountain pipeline says federal government principles for Indigenous buyers are “exactly aligned” with its goals. Harrie Vredenburg, a Project Reconciliation executive board member and professor at the University of Calgary’s Haskayne School of [Read more]

Source: BOE Report

Suncor says fire extinguished at Alberta oil sands upgrader

A fire which broke out at Suncor Energy's U2 upgrader at its oil sands plant in northern Alberta early on Thursday has been contained and extinguished, a company spokeswoman said. Spokeswoman Erin Rees said there were no injuries but declined to say whether production had been affected. (Reporting by Nia Williams Editing by James Dalgleish)

Source: BOE Report

Rosehill Resources Inc. Reports Fourth Quarter and Full Year 2018 Results

HOUSTON, March 27, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today reported financial and operational results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Highlights and Recent Items: Grew average net production to 22,779 barrels of oil equivalent per day (“BOEPD”) (73% [Read more]

Source: BOE Report

Altura Energy Inc. Announces Grant of Stock Options

CALGARY, Alberta, March 27, 2019 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) announces that in accordance with its long-term compensation policy which includes an annual grant of stock options (“Options”) to its employees, officers and directors, Altura’s Board of Directors has granted Options to acquire 1,180,000 common shares in the [Read more]

Source: BOE Report

Gary Mar: Why Ministerial Discretion Does Not Belong in Bill C-69

On March 22, 2019, my Board Chairman and I represented the Petroleum Services Association of Canada (PSAC) before the Standing Senate Committee on Energy, the Environment and Natural Resources.  We were testifying on behalf of PSAC Member companies, offering their views and perspectives on Bill C-69, which would enact the Impact Assessment Act and the Canadian Energy Regulator Act, as well [Read more]

Source: BOE Report