MI - People & Companies - February 26, 2019Enbridge appointed Teresa
Madden and Susan Cunningham as
directors. Most recently, Madden was
working as EVP and CFO of Xcel Energy,
and Cunningham was working as EVP
of Noble Energy. Boardwalk Pipeline Partners
promoted Mercy Kamps to SVP of human
resources, communications and investor
relations. Mercy previously served as
Boardwalk’s VP, assistant general counsel,
and led the legal operations team. Chevron Corp. announced its
EVP of downstream and chemicals,
Pierre Breber,...
Feb 26, 2019
SOCAR seeks a further $1.5 billion in European financingA deputy VP of Azerbaijan’s state-owned SOCAR said that his company was planning to raise $1.5 billion by the end of the year for the Southern Gas Corridor project. Vitaly Beglyarbekov, who focuses on SOCAR’s investments and marketing, told a group attending the German-Azerbaijani Business Forum on Oct. 9 that the company was “working to attract German financial resources” for what would reportedly be a syndicated loan.The company wants a 15-year term on the financing, according to...
Oct 18, 2018
Pétrolia & Pieridae to merge, will raise up to $300 millionQuebec-based explorer Pétrolia Inc. received a green light from the province on June 28 to reverse merge with Pieridae Energy Ltd., which will instantly create a public market for the private developer of the proposed Goldboro LNG project in Nova Scotia. By combining with TSX-Venture-traded Pétrolia, Pieridae will achieve its plan to become an LNG company with upstream assets and then go out and raise up to $300 million. The May definitive agreement calls for the pair to amalgamate into...
Jul 06, 2017
Anticosti Hydrocarbons preps for 2017 drilling campaign - September 8, 2016land-clearing work and drilling site preparation for work on Anticosti Island. The partnership chose drilling sites based on the combined results of seven stratigraphic surveys performed in 2015 and five performed in 2014. Hydraulic fracturing and production tests are slated for early summer 2017. Anticosti Hydrocarbons is an LP owned by Ressources Québec (35%), Petrolia Inc. (21.67%), Maurel & Prom (21.67%) and Corridor Resources (21.67%). The partnership holds 38 permits for hydrocarbon...
Sep 08, 2016
Petrolia suing over Anticosti funding - July 28, 2016Petrolia Inc. subsidiaries Petrolia Anticosti, operator for Anticosti Hydrocarbons, and Investissements PEA Inc. a partner in the project, have filed an injunction application to require Ressources Québec and Maurel & Prom to fulfill their obligation toward AHLP. In a 2014 deal, Petrolia and Corridor Resources transferred their Anticosti exploration permits to AHLP in exchange for an investment of up to $100 million from Ressources Quebec and Saint-Aubin to finance the work program. The two...
Jul 28, 2016
Exploration continues to show signs of pickupAlthough it’s been clear for months that summertime drilling was going to be slow due to continued low prices, a slight improvement in those prices have prompted a few companies to step up activity. Canadian Natural Resources has added an additional 139 wells to its drilling program thanks to those price improvements, broken down between 123 heavy oil wells, five light oil wells and 11 thermal heavy oil wells. The company has increased its 2016 capital budget by $50 million to cover the...
Jun 05, 2016
Anticosti drilling slated for summer 2016 - May 27, 2016Anticosti Hydrocarbons plans to conduct a drilling campaign on Anticosti Island subject to regulatory approvals, with hydraulic fracturing and production tests slated for early summer 2017. Anticosti Hydrocarbons is an LP owned by Ressources Québec (35%), Petrolia Inc. (21.67%), Maurel & Prom (21.67%) and Corridor Resources (21.67%). The partnership holds 38 permits for hydrocarbon exploration totaling 6,195 sq km on Anticosti Island. The partnership aims to demonstrate the commercial viability...
May 27, 2016
Anticosti resource estimated at 30.7 BbblAn evaluation of the Macasty shale resource on Anticosti Island off the eastern coast of Quebec within the permits held by Anticosti Hydrocarbons established the best estimate of total petroleum in place at 30.7 Bbbl, down slightly from earlier estimates of 34 Bbbl. The latest estimate is based on the results of eight stratigraphic surveys performed between 2012 and 2014 as well as on new results on samples taken from older wells. The company said the most important technical factors to...
May 21, 2015
First production for Anticosti Island eyed for 2020As many as 6,500 wells could be drilled on Anticosti Island by the end of the century under a scenario outlined by Quebec’s Energy and Natural Resources Minister Pierre Arcand. A second scenario calls for 3,900 wells over a period of 56 years. In both cases, production would begin by 2020.Anticosti Island, in the Gulf of St. Lawrence off Quebec’s eastern coast, covers about 7,900 sq km and is home to about 250 people, most of whom reside in the west coast village of Port-Menier. An...
May 21, 2015
Anticosti confirms reserve estimates for MacastyAnticosti Hydrocarbons says its 2014 stratigraphic core holes campaign on Anticosti Island off the eastern coast of Quebec has been a technical and operational success, hitting its Macasty target in each of the five drilling locations. Samples from the five Macasty continuous cores from the eastern and central parts of the island have been analyzed, with results in the range of a 2011 resource assumption that pegged the best estimate of the petroleum resource at 34 Bbbl of oil undiscovered...
Mar 19, 2015
CS - News Briefs - February 19, 2020Baytex Energy Corp. closed its private placement of US$500 million aggregate principal amount of 8.75% senior unsecured notes due 2027 with qualified institutional holders. Proceeds will be used to redeem US$400 million of its 5.125% notes due 2021 and $300 million of its 6.625% debentures due 2022. Baytex said it issued redemption notices to holders of both issues. MEG Energy Corp. announced Jan. 31 that it had closed its offering of US$1.2 billion aggregate principal amount of...
Feb 19, 2020
Drilling & Production Briefs - November 11, 2015• Blackbird Energy drilled, logged and cased its third 100% WI well at Elmworth at 2-20-70-7W. The well included a 2,000 m horizontal leg targeting the Middle Montney formation. It will be completed using NCS sliding sleeve frac technology, with 71 individual foam fracs over the horizontal. • Corridor Resources has restarted production from its gas wells in New Brunswick’s McCully field. The company shut in most of those wells in May because of low prices. Corridor expects volumes for...
Nov 11, 2015
Drilling & Production Briefs - November 11, 2015• Blackbird Energy drilled, logged and cased its third 100% WI well at Elmworth at 2-20-70-7W. The well included a 2,000 m horizontal leg targeting the Middle Montney formation. It will be completed using NCS sliding sleeve frac technology, with 71 individual foam fracs over the horizontal. • Corridor Resources has restarted production from its gas wells in New Brunswick’s McCully field. The company shut in most of those wells in May because of low prices. Corridor expects volumes...
Nov 11, 2015
People & Company Briefs - September 03, 2014• Border Petroleum Ltd hired Russell Tracy to production VP. He recently was the production engineer of CanEra Energy.• Phil Knoll plans to step down as president and CEO of Corridor Resources. He served in the positions beginning in 2010.• Junex Inc. appointed Henry Sauvagnat to its board of directors. He is president and CEO of Chempap Inc.• Strata Oil appointed Dave Mahowich to operations VP.• Super Nova Petroleum Corp. hired Ben Chu as president, COO and...
Sep 03, 2014
People Briefs - August 29, 2014• Border Petroleum Ltd. hired Russell Tracy to production VP. He recently was the production engineer of CanEra Energy.• Phil Knoll will step down as president and CEO of Corridor Resources for personal reasons. He served in the positions beginning in 2010.• Enbridge Energy promoted Stephen Stewart to US corporate communications manager from senior public affairs advisor.• Junex Inc. named Henry Sauvagnat to its board of directors. He is CEO and president of Chempap...
Aug 29, 2014