NEW YORK, Feb. 1, 2016 /PRNewswire/ --Mozambique's Potential to Become the Qatar of AfricaOffshore natural gas discoveries made in Mozambique since 2010 have propelled the country as a new investment destination in sub-Saharan Africa. By exploiting these resources, Mozambique could become the third-largest exporter of liquefied natural gas in the next decade. However, conditions need to be met before this change can happen and benefit the entire Mozambican population, thus avoiding the resource [Read more]
Archives for February 2016
Gear Energy Ltd. Announces 2015 Operational Update and Revised 2016 Outlook
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces operational highlights for the fourth quarter of 2015 and revised outlook for the first half of 2016. 2015 Operational update Sales production averaged 5,015 boe/d for the fourth quarter; yielding annual production of 5,670 boe/d. Production declined 400 boe/d from the previous quarter, which includes approximately 200 boe/d of oil shut-in due to weakened prices. Drilled four successful oil [Read more]
Iran Oil and Gas Market Insight and Outlook Report – Forecasts of Exploration, Production, Refinery, LNG, Storage, Pipeline Projects, Investments, Companies, Trade and Prices
NEW YORK, Feb.1, 2016 /PRNewswire/ -- Iran oil and gas market is experiencing major changes in new project development, consumption patterns and market scenario amidst rapidly shifting global dynamics. Declining US shale production, Iran sanction lift, Saudi Arabia plans to expand market share, LNG planned projects, lower than anticipated Chinese demand are all expected to significantly impact the refiners, LNG and storage operators, upstream and downstream companies. Accordingly, oil and gas [Read more]
Premier Brad Wall says Trudeau should champion energy sector, Energy East
REGINA - Saskatchewan Premier Brad Wall says Prime Minister Justin Trudeau should take a stand and support the Energy East pipeline.Trudeau said last week that his role as prime minister in thorny issues such as pipelines is to bring people together and secure a better future for Canadians.Wall disagrees."We have a referee. It's the National Energy Board and it's the regulatory bodies and they should do their job, to be sure," Wall said Monday after a speech to the Saskatchewan Urban [Read more]
USD Group withdraws proposal to expand Alberta oil-by-rail facility
EDMONTON - A company that was proposing to expand the size of a rail facility to double the number of trains it can load with Alberta oil has shelved the project.USD Terminals Canada announced in November that it wanted to construct new tracks and loading buildings at its rail terminal in Hardisty, southeast of Edmonton."USD Group has presently withdrawn its Canadian Environmental Assessment Agency (CEAA) application and is reviewing its options," Meg Martin, a spokeswoman for the company wrote [Read more]
Touchstone Announces Closing of Kerrobert Saskatchewan Disposition
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it has closed the sale of its Kerrobert facility, infrastructure and associated mineral rights. The disposition had an effective date of December 31, 2015. The disposition included 6,739 acres of developed and undeveloped land at Kerrobert as well as mineral rights associated with 10,881 acres of undeveloped land around Edam, Saskatchewan. In [Read more]
Pan Orient Energy Corp.: $0.40 Per Share Special Distribution Declared
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to announce that it received shareholder approval today to reduce the stated capital of its common shares by $0.40 per share. Over 97% of the votes cast were in favor of the required special resolution. Shareholder approval allowed Pan Orient's directors to declare a cash distribution of $0.40 per share on each outstanding common share. The distribution will [Read more]
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.40050 to 1.40915. This increase will be effective on February 16, 2016 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: [Read more]
With or without pipelines, Canadian oil production will continue to grow
MONTREAL, Feb. 1st, 2016 /CNW Telbec/ - While the debate rages on regarding the Energy East project, the MEI points out that even in a scenario in which absolutely no new pipelines are built, oil production in the country will increase significantly from now until 2040, as the National Energy Board (NEB) stipulated in a report published last week. It is therefore a mistake to believe that systematic opposition to the construction of pipelines will reduce either our production or our [Read more]
DCP Midstream Announces Early Progress on 2016 Strategic Objectives
DENVER, Feb. 01, 2016 (GLOBE NEWSWIRE) -- Today, DCP Midstream announced the successful execution of several significant objectives which extend the company’s leadership positions in the DJ and Permian basins and add incremental fee-based margins to DCP Midstream and DCP Midstream Partners (NYSE:DPM). First, the DCP Midstream enterprise has reached a settlement with a large producer in the DJ basin. With this settlement DCP Midstream is receiving a cash payment, incremental volumes in the DJ [Read more]
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