CALGARY, Jan. 29, 2015 /CNW/ - The National Energy Board (NEB or Board) approved the application of Woodside Energy Holdings Pty Ltd. (Woodside Energy) for a 25 year natural gas export licence with a maximum term quantity of 807 billion cubic metres1. The export point would be in the vicinity of Grassy Point, north of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed natural gas liquefaction terminal. The issuance of this licence is subject to the approval of the [Read more]
Archives for January 2015
BlackPearl Announces 2014 Year-End Reserves and Contingent Resource Estimates and Provides Production Update
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2015) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce the results of its 2014 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide fourth quarter and annual oil and gas production data. Highlights include: Proved reserves of 66 million barrels of oil equivalent; an increase of 4% year over year; Total proved plus probable reserves of 297 million barrels of [Read more]
Hemisphere Energy Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2015) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, directors, employees and consultants of the Company entitling them to purchase up to a total of 1,125,000 common shares at an exercise price of $0.24 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory [Read more]
Canadian Oil Sands Announces Fourth Quarter Results, $0.05 per Share Dividend and Cost Reductions at Syncrude
CALGARY, ALBERTA--(Marketwired - January 29, 2015) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. Canadian Oil Sands Limited ("COS") (TSX:COS) generated cash flow from operations of $1,106 million ($2.28 per Share) in 2014 and $207 million ($0.43 per Share) during the fourth quarter of the year. Cash flow from operations in the fourth quarter was down about 47 per cent compared with the same period of 2013, largely reflecting lower crude oil prices and [Read more]
Enbridge Energy Partners, L.P. Confirms Distribution Increase for Fourth Quarter 2014
HOUSTON, TX--(Marketwired - Jan 29, 2015) -  As previously announced on December 23, 2014, Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners") declared a quarterly cash distribution of $0.57 per unit, or $2.28 per unit on an annualized basis on all of its outstanding units, for the quarter ended December 31, 2014. The approved distribution represents an increase of 2.7 percent over the previous quarter's cash distribution and 4.9 percent over the fourth quarter of [Read more]
US Senate poised to approve Keystone pipeline bill, defying White House
WASHINGTON - Long-suffering supporters of the Keystone XL pipeline won a moral victory in the U.S. Congress on Thursday — but that's about all they won.A bill to build the oil pipeline from Canada was approved by the Senate for the first time in the almost seven-year struggle over one of the best-known, most-debated pieces of oil infrastructure in memory.Previous efforts to approve the pipeline crashed into the notoriously high hurdle for getting anything through the U.S. Congress's upper [Read more]
Forget the falling price, US oil industry renews push to lift ban on exporting US oil
WASHINGTON - Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas.It might seem counterintuitive: Oil prices are as low as they have been at any point since 2009 and the height of the Great Recession, and some say they could drop even further. But oil producers are playing a longer game, betting that long-term demand will be strong and new markets offer lucrative rewards for U.S. producers.Supporters see possible inroads in a [Read more]
Increasing Demand For Refined Products Will Increase Oil Prices
In last week’s article I posted a chart from the International Energy Agency’s recent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs. Just as higher costs reduce demand for any commodity, lower costs will increase demand. This is especially true [Read more]
Mooncor Oil & Gas Completes Acquisition of Mineral Rights in Montana and Provides Update on Agreement to Sell Two Alberta Leases
TORONTO, ONTARIO--(Marketwired - Jan. 29, 2015) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announced today that its wholly owned subsidiary, Mooncor Energy Inc. ("MEI"), has completed the acquisition (indirectly through the acquisition of a Montana incorporated company) of oil and gas leases and related data over approximately 320 sections (net acres of 219,000) in the Pondera and Teton Counties in Northwestern Montana USA (the "Property"). Mooncor and the sole shareholder of [Read more]
TransCanada to Issue Fourth Quarter 2014 Financial Results February 13
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold a teleconference and webcast on Friday, February 13, 2015 to discuss its fourth quarter 2014 financial results. Russ Girling, TransCanada president and chief executive officer, Don Marchand, executive vice-president and chief financial officer and members of the executive leadership team will discuss TransCanada's fourth quarter financial results and company developments [Read more]
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