JEFFERSON CITY, Mo. (AP) — Missouri lawmakers have passed a resolution encouraging President Barack Obama’s administration to approve a proposed oil pipeline route through the middle of the United States. The Senate approved the measure endorsing the Keystone XL pipeline with a 24-5 vote on Thursday. The same resolution passed the House earlier this year. Obama told a group of governors at a White House meeting in February that he expects to make a decision on the project’s future in a [Read more]
Archives for April 2014
Quattro Issues Management Options
CALGARY, ALBERTA--(Marketwired - April 4, 2014) - Quattro Exploration And Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) announces the grant of 1,100,000 stock options to certain directors, officers, employees and consultants issued pursuant to the Company's stock option plan. The options vest over a 2 year period, are exercisable at a price of $0.40 per share and expire on April 3, 2019. The shares issuable upon exercise of the options may not be traded for 4 months and one day [Read more]
Justin Trudeau visits oil country, slams Tories, slams Harper, slams Canada’s environmental record
FORT MCMURRAY, Alta. - The leader of the federal Liberals says Canada is losing the credibility needed to secure approval for projects such as the Keystone XL pipeline because of its environmental record. Justin Trudeau says the idea that a government would have to choose between what's good for the economy and what's good for the environment is "an old way of thinking that no longer applies in the 21st century." He also slammed the Harper government for ignoring the environmental concerns [Read more]
Oil rises above $100 a barrel on anticipation of improved US jobs report; natural gas jumps
The price of oil rose as traders anticipated positive news in the monthly U.S. jobs report.Benchmark U.S. crude for May delivery gained 67 cents Thursday to close at $100.29 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of oil, rose $1.36 to $106.15 a barrel on the ICE exchange in London.The Labor Department releases its March employment report Friday. Economists project that employers added 191,000 workers last month, according to a [Read more]
Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions
CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101. Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014. The summary information that follows has been derived [Read more]
Anadarko to pay US government $5.15 BILLION to settle pollution case
WASHINGTON (AP) -- The federal government on Thursday reached a $5.15 billion settlement with Anadarko Petroleum Corp., the largest ever for environmental contamination, to settle claims related to the cleanup of thousands of sites tainted with hazardous chemicals for decades. The bulk of the money - $4.4 billion - will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination. The settlement resolves a legal battle over Tronox Inc., a spinoff of [Read more]
Blackbird Energy Increases Montney Land Position in the Greater Karr Area of Alberta
CALGARY, ALBERTA--(Marketwired - April 3, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to be able to announce that it has increased its Elmworth (Greater Karr) Montney acreage to 31 sections of land (19,840 acres) including 27 sections of land (17,280 acres) that are contiguous (100% WI). The 31 sections of land at Elmworth acquired to date followed a detailed technical assessment of the region that included a petrophysical evaluation of [Read more]
Arcan Announces Achievement of 2013 Objectives, Increase in Proved Reserves and 2013 Financial Results
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announces its reserves as well as financial and operating results for the year ended December 31, 2013. "Arcan achieved several key operational and financial objectives in 2013. We aligned our operations with our strategic objectives with our focus on stability, simplicity and value creation," said Terry McCoy, Arcan's Chief Executive Officer. "We have reduced costs and [Read more]
Yoho Resources Issues Stock Options and Amends Certain Outstanding Stock Options
CALGARY, ALBERTA--(Marketwired - April 2, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that it has issued stock options to purchase a total of 1,815,000 common shares of the Company ("Common Shares") to certain of its directors, senior officers and employees in accordance with the Company's shareholder approved stock option plan (the "Option Plan"). The stock options are exercisable at a price of $2.32 per share, expire in five years and vest as to 1/3 of the [Read more]
Energy board approves 400 interveners in Trans Mountain pipeline review
VANCOUVER - The National Energy Board hearings into Kinder Morgan's proposed pipeline expansion through Alberta and British Columbia will begin in August and hear from more than a thousand people, groups and communities.But only 400 of the more than 2,118 applicants who applied to be interveners in the hearings will be allowed to participate.Those groups given approval will be allowed to question experts and company officials and present evidence at the hearings.They include: dozens of First [Read more]