HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 502. The Houston company said Friday that 400 rigs sought oil and 102 explored for natural gas amid depressed energy prices. A year ago, 1,267 rigs were active. Among major oil- and gas-producing states, Texas declined by five rigs, New Mexico dropped by three, Alaska and California each declined by two and Ohio, Pennsylvania, Utah and [Read more]
Archives for February 2016
Marksmen Announces Update Regarding Private Placement
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2016) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") announces that, further to its previous press releases, it intends to complete by March 31, 2016 one or more additional closing(s) of its previously announced non-brokered private placement of up to 10,000,000 common shares (the "Common Shares") of Marksmen at a price of $0.08 per share for aggregate gross proceeds of up to $800,000 (the "Private [Read more]
Enbridge Gas Prepared to Play a Significant Role in Ontario’s Lower-Carbon Future
TORONTO, ONTARIO--(Marketwired - Feb. 26, 2016) - Enbridge Gas Distribution Inc. (Enbridge) recognizes the Ontario government for its leadership on climate change and is poised to help customers transition to a more sustainable future. "Natural gas has already helped Ontario move off coal-fired electricity and will continue to play an important role in reducing the province's greenhouse gas emissions," says Jamie Milner, Vice President, Market Development and Customer Care at Enbridge. [Read more]
Gastar Exploration Announces Fourth Quarter and Full-Year 2015 Earnings Release and Conference Call Schedule
HOUSTON, Feb. 26, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") announced today that it will release its fourth quarter and full-year 2015 results on Thursday, March 10, 2016 after the market closes. In conjunction with the release, Gastar has scheduled a conference call for 9:30 a.m. Eastern Time (8:30 a.m. Central Time) on Friday, March 11, 2016. Investors may participate in the call either by phone or audio webcast. By Phone: Dial 1-412-902-0030 at least 10 [Read more]
Possible Tory leadership hopeful O’Leary calls for referendum on oil pipelines
OTTAWA - Potential Conservative leadership contender Kevin O'Leary is calling for a national referendum on the construction of new oil pipelines in Canada.O'Leary tells a conservative convention in Ottawa that the decision on building pipelinees shouldn't be left to bickering politicians.He says Canadians should just be asked what they want and if the answer is no, the decision should be final.O'Leary — who says has not made up his mind whether to seek the leadership — says he does intend to be [Read more]
Ontario releases details of cap-and-trade prices, allowances and exemptions
TORONTO - Ontario's Liberal government has released details of its cap-and-trade program, which is expected to increase the price of gas and homeowners' natural gas bills, but gives some of the biggest polluters a four-year "holiday."The government is putting a price on carbon of about $18 a tonne and capping emission allowances at roughly 142 metric tonnes per year in 2017, when the plan rolls out, according to a series of details contained both in Thursday's budget and in draft regulations [Read more]
Notley: Alberta left to pick from a ‘menu of bad options’ amid crude collapse
CALGARY - Adding to an already hefty deficit is one of the unattractive choices Alberta has as it contends with the worst oilpatch slowdown in decades, Premier Rachel Notley said Friday.Notley said she's not pleased that Alberta is on track to run a deficit of $10 billion or more in the upcoming fiscal year.A more precise figure is expected when Finance Minister Joe Ceci outlines the province's 2016-17 budget in April."Quite honestly, it's been a series of making a selection from a menu of bad [Read more]
TC PipeLines, LP Files 2015 Annual Report on Form 10-K
HOUSTON, TEXAS--(Marketwired - Feb. 26, 2016) - TC PipeLines, LP (NYSE:TCP) (the Partnership) today filed its Annual Report on Form 10-K for the year ended December 31, 2015, including audited financial statements, with the U.S. Securities and Exchange Commission. A copy of the Form 10-K is available under the Investor Centre, Regulatory Filings section of the TC PipeLines, LP website at www.tcpipelineslp.com/regulatory-filings.html. TC PipeLines, LP is a Delaware master limited [Read more]
New Brunswick fracking study calls for tight oversight before moratorium lifted
FREDERICTON - A study of a fracking moratorium in New Brunswick has endorsed a series of steep pre-production hurdles laid out by the Liberal government that opposition parties say will likely cause the industry to evaporate in the province.In a report released Friday, the three-member commission acknowledged the province is in desperate need of jobs and economic development, but avoided any firm declaration on whether the threshold the Liberals has set to make fracking viable can be met.The [Read more]
Agreement Reached Between Carry the Kettle First Nation and TransCanada That Will Bolster Long-Term Relationship
CARRY THE KETTLE FIRST NATION, SASKATCHEWAN--(Marketwired - Feb. 26, 2016) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and Carry the Kettle First Nation announced today they have reached the terms for an agreement that sets out the vision of a collaborative and respectful long-term relationship. "This agreement acknowledges the unique 60-year relationship between TransCanada and Carry the Kettle First Nation, and identifies our commitment to future work [Read more]
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