HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - July 31, 2016) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce the following: Partial Closing of Private Placement under Specific Mandate Reference is made to the announcements of the Corporation dated June 1, 2015 (Hong Kong), July 28, 2015 (Hong Kong), August 21, 2015 (Hong Kong), October 1, 2015 (Hong Kong), November 2, 2015 (Hong Kong), December 6, 2015 (Hong [Read more]
Archives for July 2016
Trump Says Fracking Bans Should Be Left To Local Voters
Republican presidential nominee Donald Trump said he personally supports hydraulic fracturing, or fracking, yet believes drilling should be up to local voters to decide. “Well, I’m in favor of fracking, but voters should have a big say in it. Some areas maybe they don’t want to have fracking. And I think if the voters are voting for it, that’s up to them,” Trump told reporters Friday while at a campaign stop in Colorado. “Fracking is something that we need. Fracking is something that’s [Read more]
Crews dig up breached Husky pipeline, but cause of oil leak still unknown
PRINCE ALBERT, Sask. - The Saskatchewan government says the breach that leaked up to 250,000 litres of oil and other material into a river earlier this month has finally been found, but word on what caused it will have to wait. Laurie Pushor, the deputy minister of the economy, says the section of the Husky Energy (TSX:HSE) pipeline where the spill occurred into the North Saskatchewan River near Maidstone, Sask. on July 20 was dug up Friday. Pushor says the excavation has now [Read more]
Canada weekly rig count up 17
Canadian drillers have increased total utilization by 17 rigs this week as operations slowly commence. This is the 5th straight week western Canada has added rigs to its oilpatch. The total count sits at 119. Alberta added the most (12 rigs), increasing its total working fleet from 67 to 79. Oil drilling rigs have eclipsed gas drilling for the first time since February this year. Current counts sit at 60 and 56 respectively. Rig counts are still substantially lower than normal. Last [Read more]
Bayshore Petroleum Corp. Announces Non-Brokered Private Placement Financing and Update on E-T Energy Ltd. Discussions
CALGARY, ALBERTA--(Marketwired - July 29, 2016) - Bayshore Petroleum Corp. ("Bayshore" or the "Company") (TSX VENTURE:BSH) announces that, as an update to the news release of June 30, 2016, the Company continues its discussions with E-T Energy Ltd. ("ET"). ET advises the Company that it has made progress in its efforts to restructure, and Bayshore awaits the conclusion of that work. A further announcement will be made by August 31, 2016. Bayshore shares remain halted from trading, and shall [Read more]
Oil Producers in U.S. Add to Rig Fleet for a Fifth Week
U.S. oil producers are continuing to return to the shale patch. Rigs targeting crude capped their first five-week gain since August, rising by 3 to 374 in the period ended July 29, according to Baker Hughes Inc. data released Friday. Prices have climbed from a 12-year low in February, prompting American firms to expand drilling after idling more than 1,000 oil rigs since the start of last year. [Read more]
Global Energy Leaders Meet in Calgary to Analyze the Future of Hydrocarbons
8th World Heavy Oil Congress to focus on connecting the industry for a leaner and fitter future CALGARY, CANADA – (July 29, 2016) - For the past ten years, World Heavy Oil Congress has continued to be the largest gathering of heavy oil and oil sands professionals from around the globe, where world leaders and international experts come together to share the latest insights of the industry. This year, the event will focus on best practices, technology and collaboration as the industry works [Read more]
Stonehaven Completes Amalgamation With Deventa Energy Inc. to Form Montney Focussed Exploration and Production Company
CALGARY, ALBERTA--(Marketwired - July 29, 2016) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that Stonehaven, Deventa Energy Inc. ("Deventa") and 1973747 Alberta Ltd. ("Stonehaven Subco"), a wholly-owned subsidiary of the Stonehaven, have completed the previously announced "three-cornered amalgamation" pursuant to which Deventa and Stonehaven Subco have amalgamated (the "Merger"). The Merger, as disclosed in the joint management information circular [Read more]
New water supply to Saskatchewan city to deal with Husky oil spill by weekend
PRINCE ALBERT, Sask. - Saskatchewan's third-largest city was expecting to have alternate sources of water on the weekend to help deal with an oil spill that has tainted the river it usually draws from. Prince Albert shut down its intake from the North Saskatchewan River on Monday to protect its treatment plant and the public after oil from a Husky Energy (TSX:HSE) pipeline breach upstream reached the city. City crews have set up pumps and run a giant 30-kilometre-long hose from [Read more]
Encana Completes the Sales of Its Gordondale and DJ Basin Assets
CALGARY, AB--(Marketwired - July 29, 2016) - Encana Corporation (Encana) (TSX: ECA) (NYSE: ECA) announced today that it has completed the previously announced sales of its Gordondale and DJ Basin assets. Encana has completed the sale of its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. (TSX: BIR). The transaction has an effective date of January 1, 2016. Encana's wholly owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the sale of its Denver Julesburg [Read more]
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