CALGARY, ALBERTA--(Marketwired - Nov. 30, 2016) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide an update to its previously announced letter of intent dated November 8, 2016. Delphi expects to execute a definitive agreement in connection with that strategic arrangement (the "Transaction") with the existing working interest industry partner (the "Partner") in the coming days. It is anticipated that the closing of the Transaction will be on, or about, December 22, [Read more]
Archives for November 2016
Manitok Energy Inc. Announces Financial and Operational Results for the Third Quarter of 2016
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the third quarter of 2016. The full text of Manitok's third quarter results are contained in its unaudited condensed interim consolidated financial statements as at and for the three and nine months ended September 30, 2016 and the related management's discussion and analysis, copies of which are available electronically on [Read more]
Marquee Energy Ltd. and Alberta Oilsands Inc. Announce Receipt of Final Order
CALGARY, AB--(Marketwired - November 29, 2016) - Marquee Energy Ltd. ("Marquee") (TSX VENTURE: MQL) and Alberta Oilsands Inc. ("AOS") (TSX VENTURE: AOS) are pleased to announce that the Court of Queen's Bench of Alberta has issued a final order approving the proposed acquisition of Marquee by AOS through a plan of arrangement involving Marquee, its shareholders and AOS (the "Arrangement"). Completion of the Arrangement remains subject to the satisfaction or waiver of certain additional [Read more]
Marquee Energy Ltd. Announces Third Quarter 2016 Operating & Financial Results
CALGARY, AB--(Marketwired - November 29, 2016) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) announces its third quarter financial and operational results for the three and nine months ended September 30, 2016. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2016 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. ABOUT MARQUEE Marquee [Read more]
CAPP: Trans Mountain approval marks Canada’s opportunity to compete globally
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2016) - The Government of Canada's approval to build the Trans Mountain Expansion Project (TMEP) will connect the country's abundant oil resources to new customers around the world, creating and supporting jobs for Canadians from coast to coast. Canada is a world-class producer of oil and with new investments in energy infrastructure - such as pipelines - Canada has the potential to become a world-class supplier in a globally competitive market. [Read more]
Trans Mountain pipeline approval prompts anger, promises to protest in B.C.
VANCOUVER - The federal cabinet's decision to approve Kinder Morgan Canada's Trans Mountain pipeline expansion has prompted a flood of outrage and promises of protests, court challenges and civil disobedience in British Columbia. Vancouver Mayor Gregor Robertson said he was "profoundly disappointed," calling the decision a "big step backwards" for Canada's environment and economy. "I — along with the tens of thousands of residents, local First Nations, and other Metro Vancouver [Read more]
Financial centre of oilpatch hails approval of Trans Mountain expansion, Line 3
CALGARY - The financial centre of the oilpatch applauded Ottawa's approval of two massive pipeline developments, saying the decisions send a message that Canada is open to investment at a time when the economy sorely needs it. "Canada's reputation as a place that can move projects forward took a step forward today," said Tim McMillan, head of the Canadian Association of Petroleum Producers at a press conference. "We have seen today that our governments support energy projects [Read more]
Trudeau approves Line 3 & Trans Mountain, rejects Northern Gateway
Prime Minister Justin Trudeau today announced the federal government approval of Enbridge's $7.5 billion Line 3 pipeline project, and the $6.8 billion Kinder Morgan Trans Mountain project. Trudeau however has dismissed the Northern Gateway project and has maintained his government's desire to have a moratorium on tanker traffic on British Columbia's northern coast In April, the National Energy Board recommended approval of the Canadian part of the Line 3 project with 89 conditions. Line 3 [Read more]
QuickFacts: What you need to know about Kinder Morgan’s Trans Mountain project
CALGARY - A quick look at the Trans Mountain pipeline expansion project proposed by Kinder Morgan (NYSE:KMI): Estimated Cost: $6.8 billion Route: 1,150 kilometres between Strathcona County, Alta., east of Edmonton, to Kinder Morgan's Westridge Marine Terminal in Burnaby, B.C. The expansion would add about 980 kilometres of new pipeline and 12 new pump stations. Capacity: Would twin an existing pipeline, increasing capacity from 300,000 barrels a day to 890,000 barrels a [Read more]
QuickFacts: What you need to know about Enbridge’s Northern Gateway project
CALGARY - A quick look at the Northern Gateway project proposed by Enbridge (TSX:ENB): Estimated Cost: $7.9 billion Route: 1,177 kilometres from Bruderheim, northeast of Edmonton, to a tanker port in Kitimat on the northern coast of B.C. Capacity: A westbound pipeline would ship up to 525,000 barrels of oil per day to Kitimat for export to Asian markets. A second pipeline heading east would carry 193,000 barrels per day of natural gas condensate, which is used to dilute [Read more]
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