Ten-Year Hiring Estimates Between 125,000 to 150,000 Across Canada CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Canada is facing significant challenges in the availability of skills and talent required to meet the workforce needs of Canada's oil and gas industry over the next ten years, according to a report released today by the Petroleum Human Resources Council of Canada. "The Decade Ahead: Labour Market Outlook to 2022 for Canada's Oil and Gas Industry" presents information about the [Read more]
Archives for May 2013
Crocotta Energy Announces Edson Facility Commissioned and Summer Drilling Program has Commenced
CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Crocotta Energy Inc. ("Crocotta" or the "Company") (TSX:CTA) is pleased to announce the following: EDSON PIPELINE AND FACILITY Crocotta previously announced that it has entered into rich gas premium agreements with Aux Sable Canada LP ("Aux Sable") and an interconnection agreement with Alliance Pipeline Limited Partnership ("Alliance Pipeline") providing access to premium markets in the United States. Under the agreements Crocotta will [Read more]
Canadian Oil Sands Limited Donates $3 Million to Position the Calgary Stampede for Its Next 100 Years
CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Canadian Oil Sands Limited (TSX:COS) (OTCQX:COSWF) (COS) today announced a donation of $3 million to the Calgary Stampede as it moves forward into its second century. The funds will be directed towards Riverfront Park, a new urban oasis and gathering place along the Elbow River with reclaimed green space including the addition of 200 trees and 800 new shrubs. The Park will also be the new setting for Indian Village and First Nations [Read more]
Manitok Energy Inc. Announces Financial Results for the First Quarter of 2013
CALGARY, ALBERTA--(Marketwired - May 29, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2013. The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2013 and the related management's [Read more]
MGM Energy Corp. Announces Surrender of Mackenzie Delta Exploration Licences
CALGARY, ALBERTA--(Marketwired - May 29, 2013) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today that it has surrendered to the Crown its exploration licences ("EL") in the Mackenzie Delta region. Effective May 29, 2013, MGM Energy has surrendered to the Crown EL456, EL457, EL458 and EL459, currently scheduled to expire in January 2016, and consolidated EL461, which is scheduled to expire in June 2013. With the surrender, MGM Energy is relieved of its obligation to [Read more]
Canadian Natural Resources Limited Provides Update on Horizon Turnaround
CALGARY, ALBERTA--(Marketwired - May 29, 2013) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) has completed the turnaround at Horizon. The turnaround went well with no major changes to the scope. Change out of the catalysts in the hydro-treating units and repairs to some equipment extended slightly beyond the original forecasted timeframe. The sequential start-up of the operation began on the weekend with full production to resume shortly. Certain information regarding the Company contained herein [Read more]
Strategic Oil & Gas Ltd. Announces First Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 29, 2013) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") reports financial and operating results for the three months ended March 31, 2013. The Company grew production despite operational difficulties and downtime associated with ongoing facility upgrades. Strategic's first quarter capital spending activities set the stage for future growth. Detailed results are presented in Strategic's unaudited condensed consolidated [Read more]
Quebec coalition of business and union groups supports Enbridge’s Line 9 project
MONTREAL - A coalition of business and union groups have come together in support of Enbridge's Line 9 reversal project, which they say will maintain almost 2,000 jobs in the province's petrochemical industry. The coalition said Wednesday the Line 9 reversal project will allow Quebec to become less dependent on oil from outside North America. Enbridge (TSX:ENB) is planning to reverse a stretch of its Line 9 pipeline that currently runs from Montreal to Westover, Ont., and [Read more]
Second Wave goes private
CALGARY - Second Wave Petroleum Inc. (TSX:SCS) says it has accepted a deal to be taken private by its controlling shareholder, Brookfield Bridge Lending Fund.Under terms of the definitive agreement announced Wednesday, Brookfield Bridge will pay 30 cents for each of the shares it doesn't already own.The deal amounts to a premium of 131 per cent over the stock's closing price on May 3, the last trading day before the offer was made. The company has just over 84.1 million shares.On the Toronto [Read more]
Second Wave Petroleum Inc. Announces Definitive Agreement for Going Private Transaction
CALGARY, May 29, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS) ("Second Wave" or the "Company") announces that it has entered into a definitive agreement (the "Arrangement Agreement") with Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, to effect the previously-announced going private transaction at a cash price of $0.30 per share. The Arrangement Agreement provides for the purchase by Brookfield, through a wholly-owned subsidiary, of all of the [Read more]
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