What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades. Movies like Jurassic Park and the Land Before Time only heighten that sense of wonder and raise the stakes behind that question. Now according to a new scientific study, it seems that black gold may have been the source of the dinos' demise. Japanese researchers at Tohuku University and the Meteorological Research Institute [Read more]
Archives for 2016
Sunshine Oilsands Ltd.: Announcement of Partial Closing of Private Placement of 96,400,000 Common Shares Under Specific Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - July 20, 2016) - SUNSHINE OILSANDS LTD. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012) The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) wishes to announce the following: Partial Closing of Private Placement under Specific MandateThe Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or [Read more]
Raging River Exploration Inc. Announces Receipt of Court and Shareholder Approval for Corporate Acquisition of Rock Energy Inc., Forgan Land Consolidation and Increased 2016 Guidance
CALGARY, ALBERTA--(Marketwired - July 20, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that the shareholders of Rock Energy Inc. ("Rock") have voted to approve the acquisition of Rock by Raging River pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition" or the "Arrangement"), with shareholders of Rock holding in excess of 97% of the common shares of Rock (the "Rock Shares") represented in [Read more]
Rock Energy Inc. Announces Shareholder and Court Approval of Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - July 20, 2016) - Rock Energy Inc. ("Rock") (TSX:RE) is pleased to announce that at its annual and special meeting of shareholders (the "Meeting") held earlier today, holders ("Rock Shareholders") of common shares of Rock ("Rock Shares") approved the previously announced plan of arrangement (the "Arrangement") involving Raging River Exploration Inc. ("Raging River"), Rock and the Rock Shareholders. A total of 19,524,905 Rock Shares (approximately 41% of the [Read more]
Baytex Enhances Gas Conservation Strategy and Enters Into Multi-Year Gas Supply Agreement With Kineticor
CALGARY, ALBERTA--(Marketwired - July 20, 2016) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) is pleased to announce a multi-year natural gas supply agreement with a subsidiary of Kineticor Resources Corp. ("KRC") to support KRC's proposed 100MW power project in Peace River, Alberta (the "Project"). This is the largest of two gas-to-power initiatives we have concluded to support our gas conservation strategy in Peace River. James Bowzer, Chief Executive Officer, said "Baytex's gas [Read more]
Gibsons to Explore a Potential Sale of Its Industrial Propane Business
CALGARY, ALBERTA--(Marketwired - July 20, 2016) - Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today that it has engaged RBC Capital Markets as a financial advisor to assist the Company with a potential sale of its Industrial Propane business. "The initiation of a process to divest our Industrial Propane business is consistent with the Company's efforts to increasingly focus both investment capital and management attention on attractive growth opportunities within our [Read more]
Kinder Morgan Declares Dividend of $0.125 for Second Quarter 2016
Joint Ventures and Asset Sales to Reduce Debt by $3 Billion and Create Long-Term Value HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on Aug. 15, 2016, to common shareholders of record as of the close of business on Aug. 1, 2016. KMI expects to declare dividends of $0.50 per share for [Read more]
PNG Exchange New Properties
Apache Canada Ltd. – Nevis/NGL/Leduc, Ante Creek/Simonette Montney Elcano Exploration – Ceylon Canadian Natural Resources Limited – Pendor Fee Block, Taber Fee Block, Muddy Lake, Winter SK TORC Oil & Gas – Rosevear, Carrot Creek Intermediate E&P – Bilbo: Cardium & Mannville rights available, Ansell: Cardium & Mannville rights, Columbia: Cardium, Belly River & Viking rights For property details visit pngexchange.com or open the PNG Exchange layer in geoSCOUT’s [Read more]
C&J Energy Services Commences Voluntary Reorganization Under Chapter 11 Of The US Bankruptcy Code
HAMILTON, Bermuda, July 20, 2016 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company") today announced that it has commenced cases for a voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The reorganization cases contemplate implementing the previously announced Restructuring Support Agreement (as amended, the "RSA") that C&J executed with its [Read more]
Enbridge reaches US$177M settlement with U.S. Government for 2010 pipeline spills
CALGARY - Enbridge Inc. has reached a US$177-million settlement with the U.S. government six years after two major pipeline ruptures fouled rivers in the Midwest and damaged the company's reputation. The settlement announced Wednesday includes US$61 million in fines for violations of the Clean Water Act related to a pipeline spill near Marshall, Mich., that sent more than 3.19-million litres of crude into the Kalamazoo River — resulting in one of the costliest onshore oil spills in U.S. [Read more]
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