CALGARY, ALBERTA--(Marketwired - May 1, 2013) -TransCanada Corporation (TRP.TO) (TRP) (TransCanada) today filed an application with the National Energy Board (NEB) for review and variance of the NEB's decision released March 27, 2013 related to TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline. Although the NEB approved all of TransCanada's 2012/13 costs and some of TransCanada's proposed changes to its services, the 257-page decision has created a [Read more]
Archives for May 2013
Alberta Star Announces Approval of Normal Course Issuer Bid
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2013) - Alberta Star Development Corp. (TSX VENTURE:ASX)(ASXSF)(FRANKFURT:QLD) (the "Company"), announces today that it has received approval from the TSX Venture Exchange (the "Exchange") for its previously announced normal course issuer bid (the "Bid"). Pursuant to the Bid, the Company will purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately [Read more]
US crude plummets on massive inventory build, weak US and China economic data
By The Associated Press/BOE Report NEW YORK, N.Y. - The price of oil dropped more than two per cent Wednesday after disappointing economic news from the world's two biggest oil-consuming countries and crude stock increase well above analyst estimates. U.S. commercial crude oil inventories increased 6.7 million barrels from the previous week, well above the expected build of ~1.0 million barrels. Total crude oil stocks of 395.3 million barrels are well above the upper limit of the average [Read more]
STEADY AS SHE GOES: CP Rail proceeding cautiously with railway crude business
By David Friend, The Canadian Press TORONTO - The head of Canadian Pacific Railway (TSX:CP) says he believes there is enough room in the oil and gas industry for businesses to oil ship by rail and by pipeline. However, Hunter Harrison told the company's annual meeting that the railway is "proceeding cautiously" in the business and doesn't plan to build long-term infrastructure for what could be a short-term boom. "It's an opportunity but it's something we have to be pretty [Read more]
U.S. crude inventories build well above expectations
U.S. commercial crude oil inventories increased 6.7 million barrels from the previous week, well above the expected build of ~1.0 million barrels. Total crude oil stocks of 395.3 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories increased by 12.4 million barrels last week. [table] [attr style="width: 25%"]April 26`[attr style="width: 25%"]April 19`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2013
CALGARY, May 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX, NYSE: VET) is pleased to report interim operating and unaudited financial results for the three months ended March 31, 2013. HIGHLIGHTS Recorded average production of 38,707 boe/d during the first quarter of 2013, compared to 36,265 boe/d in the fourth quarter of 2012. Quarter-over-quarter growth was primarily attributable to strong Canadian and European production volumes, partially offset by [Read more]
Enbridge Launches Online Pipeline Emergency Training for First Responders
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - May 1, 2013) - Enbridge Inc. (ENB) (ENB.TO) (Enbridge) and Enbridge Energy Partners, L.P. (EEP) (the Partnership) today announced the successful launch of an online portal to offer free, customized pipeline emergency training to first responder organizations located along Enbridge's and the Partnership's more than 50,000 miles of onshore pipelines comprising several pipeline systems in the United States and Canada. The program material is [Read more]
Storm Resources Ltd. Announces Closing of $23.7 Million Bought Deal Financing and $5.6 Million Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - May 1, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of $23,650,400 (the "Bought Deal Financing"). Pursuant to the Bought Deal Financing, [Read more]
Talisman Energy swings to US$213M loss in Q1 as revenue drops 45%
By The Canadian Press CALGARY - Talisman Energy Inc. (TSX:TLM.TO) has posted a more than $200- million loss in the first quarter as revenue was cut almost in half amid lower production and prices. The Calgary-based oil and gas company said its net loss in the period was US$213 million or 21 cents per share, reversing a year-earlier profit of US$291 million or 28 cents per share. Revenue fell about 45 per cent to just under $1.1 billion from $1.97 billion in the same 2012 [Read more]
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