STOUGHTON, Sask. - An oil rig worker has been fined $2,030 after causing a coworker to be seriously hurt near Stoughton, Sask.A worker was seriously injured on Jan. 12, 2013, when he was pinned between pieces of pipe being put onto a loader.Donovan Belisle has pleaded guilty to violating Occupational Health and Safety rules, specifically operating a vehicle at a place of work, not having a clear view of where he was driving and proceeding before he knew it was safe.He was fined $1,450 with a [Read more]
Archives for December 2014
Northern Spirit Resources Inc. Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 29, 2014) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Corporation issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares"). The Corporation issued an aggregate of 10,000,000 Flow-Through Shares in the Private [Read more]
Quattro Signs Formal Asset Purchase Agreement for 2,000 Well-log Database
CALGARY, Alberta, Dec. 29, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Agreement") with an Alberta-based private company for the previously announced acquisition of the Company's well database for $200,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin. Pursuant to the terms of the [Read more]
Imperial appoints senior vice-president, upstream
B.P. Cahir to succeed T.G. Scott effective January 1 T.G. Scott appointed vice-president of XTO Energy Inc. CALGARY, Dec. 29, 2014 /CNW/ - Imperial Oil Limited announced today the appointment of B.P. (Bart) Cahir as senior vice-president, upstream, effective January 1. Mr. Cahir, currently president and general manager for ExxonMobil Qatar Inc., succeeds T.G. (Glenn) Scott, who has been appointed vice-president, advisory and support team and international ventures, for XTO Energy [Read more]
CaiTerra International Energy Corporation Announces Closing of Second Tranche of Previously Announced Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Dec. 29, 2014) - CaiTerra International Energy Corporation (the "Company") (TSX VENTURE:CTI) announces that it has closed the second tranche of its previously announced private placement financing of common and flow-through shares and has issued an aggregate of 300,000 common shares of the Company on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.25 per Flow-Through Share for aggregate proceeds of [Read more]
As oil prices fall, Alaska governor halts project spending
ANCHORAGE, Alaska (AP) — With oil prices dropping, Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review. Walker issued an order Friday putting the new spending on hold. He cited the state's $3.5 billion budget deficit, which has increased as oil prices have dropped sharply. With oil prices now around a five-year low, officials in Alaska and about a half-dozen other states already have begun paring back projections for a continued gusher of [Read more]
StonePoint Energy Announces Expiry of Rights Offering
CALGARY, ALBERTA--(Marketwired - Dec. 29, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") announces that its rights offering expired on Wednesday, December 24, 2014. Under the rights offering, eligible shareholders were entitled to one right per common share, with every five rights being exercisable for one common share of the Company at an exercise price of $0.11 [Read more]
TransCanada Adds Eighth Solar Facility to Power Portfolio
TORONTO, ONTARIO--(Marketwired - Dec. 29, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has acquired the eighth Ontario solar facility from Canadian Solar Solutions Inc. (Canadian Solar). The newly built Liskeard 1 facility has a generating capacity of 10-megawatts and is located in northeastern Ontario in the New Liskeard region. The acquisition of Liskeard 1 is part of a larger purchase agreement with Canadian Solar signed in 2011, bringing [Read more]
Lundin Petroleum AB: First Oil From the Brynhild Field, Offshore Norway
STOCKHOLM, SWEDEN--(Marketwired - Dec. 29, 2014) - Lundin Petroleum AB (OMX:LUPE) (Lundin Petroleum) is pleased to announce that first oil from the Brynhild field has been achieved. The Brynhild field commenced production on 25 December 2014. The Brynhild field, located on PL148 in the Norwegian sector of the North Sea, is a subsea tie-back to the Pierce field, operated by Enterprise Oil Ltd (a subsidiary of Shell U.K. Limited), in the UK sector. The Brynhild field is estimated [Read more]
Saudis running $39 billion deficit due to low oil prices
Saudi Arabia's Cabinet on Thursday endorsed a 2015 budget that projects a slight increase in spending and a significant drop in revenues due to sliding oil prices, resulting in a nearly $39 billion deficit. In a sign of mounting financial pressure, the Finance Ministry said the government would try to cut back on salaries, wages and allowances, which "contribute to about 50 percent of total budgeted expenditures." That could stir resentment among the kingdom's youth, who make up a majority of [Read more]
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