VANCOUVER - Kinder Morgan is asking for more time to respond to over 10,000 questions submitted to the National Energy Board about the proposed expansion of its Trans Mountain pipeline.The company has until June 4 to respond to information requests from 117 of the 398 groups and individuals granted intervener status by the board for the application.The company says it cannot meet that deadline with such a large number of requests, and it has asked for a delay until June 27.Kinder Morgan's Scott [Read more]
Archives for May 2014
Anterra Energy Announces First Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 28, 2014) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) announced its financial and operating results for the three months ended March 31, 2014. Selected information as outlined below and should be read in conjunction with the Company's unaudited financial statements and related management discussion and analysis available on the Company's website at www.anterraenergy.com or on SEDAR at www.sedar.com. "Our results for [Read more]
Bellatrix Exploration Ltd. Announces Re-sizing and Pricing of Common Share Offering
CALGARY, May 28, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces that it has re-sized and re-priced its previously announced common share offering. Pursuant to the amended agreement, the Company will issue 15,800,000 common shares ("Common Shares"), on a bought deal basis, at a price of $9.50 per Common Share for aggregate gross proceeds of $150,100,000 (the "Offering"). Bellatrix has also granted the underwriters an option (the [Read more]
Exxon CEO predicts alternative energy will grow but oil to remain top fuel through 2040
DALLAS - The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world's leading source of energy for another quarter century. CEO Rex Tillerson says natural gas will surpass coal as the second most heavily used fuel. Tillerson made the comments Wednesday at the company's annual shareholder meeting. About 15 people protested outside the meeting hall, charging that Exxon was not doing enough to reduce climate change and develop alternative sources of [Read more]
Nova Scotia energy minister saysoffshore safety rules are fine for now
HALIFAX - Nova Scotia's energy minister says he's satisfied with federal legislation aimed at improving safety in the offshore energy sector even though it doesn't call for an independent safety agency, a measure he pushed for while in Opposition.Andrew Younger says while he'd prefer to see an independent body, Ottawa's proposal to have an independent safety officer within the Canada-Nova Scotia Offshore Petroleum Board is good enough — for now.In 2011, while in Opposition, Younger said a [Read more]
Report Projects 98,000 Jobs to Be Generated in Oil Sands Construction, Maintenance and Operations in the Decade Ahead
CALGARY, ALBERTA--(Marketwired - May 28, 2014) - A new report reveals that an estimated 98,000 oil sands construction, maintenance and operations jobs will be generated over the next decade, a projection that further confirms the oil sands sector as a key economic and employment driver for Canada. Released today, the Oil Sands Construction, Maintenance and Operations Labour Demand Outlook to 2023, takes a unique approach to assess demands for skilled workers by presenting data and insights [Read more]
Hemisphere Energy Announces Increased 2014 Drilling Plans
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its expanded capital expenditure plans for the remainder of 2014 as a result of the recently closed $10 million financing. Hemisphere plans to drill up to 10 additional wells in the remainder of 2014, bringing the total for the year up to 13 wells. The Company will also optimize, workover and recomplete a number of existing wells, [Read more]
Magnum Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - May 28, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the company has arranged a non-brokered private placement of up to 10 million units at a purchase price of 5 cents per unit for aggregate gross proceeds to Magnum of up to $500,000. PRIVATE PLACEMENT Each unit will consist of one common share of Magnum Energy Inc. and one non-transferable share purchase warrant. Each whole warrant will entitle the [Read more]
Deep Well SAGD Steam Update
EDMONTON, ALBERTA--(Marketwired - May 28, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) wishes to announce that we have been informed by the operator that steam is being injected into our pilot project wells at Sawn Lake. Once steam communication is established between the two wells, then the oil pumping will commence. Oil production is anticipated after 3 months of steam injection. For further information about the SAGD project visit our [Read more]
Hawk Announces First Quarter 2014 Results
CALGARY, May 28, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces its results for the three months ended March 31, 2014. The Corporation's interim financial statements for the three months ended March 31, 2014 and management's discussion and analysis for the three months ended March 31, 2014 are available for viewing on SEDAR at www.sedar.com or on Hawk's website at www.hawkexploration.ca under Investor Information - Financial Reports. HIGHLIGHTS Highlights for the [Read more]
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