HALIFAX - A moratorium on oil and gas drilling on Georges Bank will be extended until the end of 2022 under legislation tabled by the Nova Scotia government.Energy Minister Michel Samson says the proposed bill mirrors legislation passed by the federal government in June.Samson says the moratorium is about protecting an area that is important to the province's fishery and overall economy.The moratorium has been in place since 1988.Located off southwestern Nova Scotia, Georges Bank is home to some [Read more]
Archives for November 2015
The new carbon tax and emissions cap: Will it work and who will pay the price?
CALGARY, Nov. 26, 2015 /CNW/ - In 2007, Alberta became the first North American jurisdiction to put a price on carbon- demonstrating that it could be a leader in the effort to reduce greenhouse gas emissions. Unfortunately, that emissions policy was more symbolism than a meaningful reduction in greenhouse gas emissions. Last Sunday, the NDP released its plan - a carbon tax and a cap on oil sands emissions. But some details have yet to be revealed. In looking ahead to the next iteration of [Read more]
Stonehaven Corporate Update
CALGARY, AB--(Marketwired - November 26, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE: SE) reports that the first two horizontal Belly River oil prospects of a four well participation and farm-in program in the Wilson Creek, Alberta area have been drilled, completed, equipped and placed on production. Stonehaven participated in the drilling of two development wells and two exploration wells. The first horizontal development well 100/11-32-042-04W5 (33.1875% [Read more]
Majority of Quebecers oppose the Energy East pipeline and want the review process stopped
MONTREAL, Nov. 26, 2015 /CNW/ - Nearly six out of 10 people in Quebec are opposed to TransCanada's Energy East pipeline project, according to a new poll released today, while one year ago, 70 per cent of people in Quebec supported the pipeline. "This new information shows that the more Quebecers learn about the Energy East project, the more they reject it. The Quebec government must acknowledge this clear majority opposing large-scale oil projects crossing the province," says Karel Mayrand, [Read more]
Alberta regulator to hear arguments in Suncor’s hostile takeover bid of COS
CALGARY - Suncor Energy raised the stakes Thursday in its proposed hostile takeover of Canadian Oil Sands, saying it is willing to walk away if the Alberta Securities Commission upholds an extension to its deadline of Dec. 4 on whether to accept the deal.Steve Reynish, Suncor's executive vice-president of strategy and corporate development, testified that his company would not let its $4.5-billion all-stock offer stand if the regulator extends the 60-day deadline it set out when it made its [Read more]
National Energy Board launches online inspection reports of pipeline companies
CALGARY, Nov. 26, 2015 /CNW/ - Beginning immediately, Canadians will be able to access National Energy Board (NEB) pipeline company field inspection reports online from November 26th forward. This initiative reflects the NEB's mandate of openness and accountability to Canadians. NEB Inspection reports will be available online within six weeks of the inspection taking place to ensure that information is accurate, informative and translated into both of Canada's official languages. The [Read more]
Cold Insulation (Fiber Glass, Phenolic Foams, Polystyrene Foams, Polyurethane Foams, and Others) Market 2015 – Trends & Forecasts to 2020
DUBLIN, Nov. 26, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/gksrkb/cold_insulation) has announced the addition of the "Cold Insulation Market by Material (Fiber Glass, Phenolic Foams, Polystyrene Foams, Polyurethane Foams, and Others), by End-Use Industry (Chemicals, HVAC, Oil & Gas, Refrigeration, and Others) - Trends & Forecasts to 2020" report to their offering. The cold insulation market size is projected to reach USD 5.7 Billion by 2020, [Read more]
Quattro Releases 3rd Quarter Financials Reporting Net Earnings of $0.01 Per Share
CALGARY, Alberta, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe "Net [Read more]
Quattro Releases 3rd Quarter Financials Reporting Net Earnings of $0.01 Per Share
CALGARY, Alberta, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe "Net Back" $1,589,167 • Net earnings, after tax of $0.01 [Read more]
Mart Resources, Inc.: Operations and October 2015 Production Update
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Umusadege field production averaged approximately 14,320 barrels of oil per day ("bopd") during October 2015 based on calendar days; average field production based on production days was approximately 20,070 bopd during October 2015. Total production from the Umusadege field in October 2015 was approximately 443,860 barrels of oil ("bbls"). [Read more]
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