CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Questfire Energy Corp. (the “Corporation” or “Questfire”) (TSX Venture:Q.A) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2017. Financial and Operating Highlights Three months ended June 30, Six months ended June [Read more]
Archives for August 2017
Canadian oil pipeline protesters launch new battle from the water
On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Kinder Morgan Canada Ltd's Westridge crude oil terminal. In kayaks and sailboats they practiced forming blockades, raising banners and rescue techniques. Sunday culminated in a mass role play in which kayakers blockaded a large vessel and unfurled banners emblazoned with "Stop Kinder [Read more]
More than 18 pct of U.S. Gulf oil output shut in by Harvey
More than 18 percent of oil production in the Gulf of Mexico was shut in on Tuesday due to Harvey, the U.S. Department of the Interior’s Bureau of Safety Environmental Enforcement said. That equates to some 319,523 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf. The amount of production shut in was down from Monday, when more than 331,000 barrels were shut in. Meanwhile, 19.1 percent of natural gas production in the region, or 615.09 million cubic feet [Read more]
Shell Pledges $1 Million to American Red Cross for Hurricane Harvey Relief
HOUSTON, Aug. 29, 2017 /PRNewswire/ -- Shell today informed the American Red Cross it will make an initial contribution of $1 million to the Hurricane Harvey disaster relief fund. As recovery and relief efforts evolve, Shell will consider where else to offer assistance that can have the most immediate impact. "Our roots run extremely deep in Houston and we are committed to doing our part to help the city move on in the aftermath of Harvey," said Bruce Culpepper, [Read more]
UCP candidate Callaway urges Alberta buy port of Churchill to spur oil sales
EDMONTON - A candidate to lead Alberta's new United Conservative Party says one way to jump-start the province's lagging oil industry may be to buy a piece of Manitoba. Jeff Callaway says the province should look at buying the port of Churchill on Hudson Bay and shipping oil there by pipeline. "This has so many benefits not just for Alberta, but for Western Canada and Canada broadly," Callaway said at the legislature Tuesday. He says tankers in Churchill could carry oil [Read more]
Harvey threatens more U.S. oil refineries after heavy rains
HOUSTON (Reuters) - Heavy rains and flooding from Tropical Storm Harvey threatened more oil refineries along the Louisiana coast after hammering plants in Texas, forcing Exxon Mobil Corp and Citgo Petroleum to consider shutdowns. The storm dropped back over the Gulf of Mexico on Monday, sending heavy rains from Houston through to Lake Charles, Louisiana. Between five and 15 inches of rain was expected in south-central Louisiana, the National Hurricane Center said on Tuesday. The Gulf Coast is [Read more]
Oil prices soften as market assesses hurricane damage
Crude prices slipped lower on Tuesday as the market grappled with the shutdown of 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil industry. The refinery closures helped to push U.S. gasoline futures to a two-year high of $1.7799 per gallon on Monday, though they had receded to $1.7466 by 1325 GMT on Tuesday. International Brent crude futures were down 7 cents at $51.82 a barrel, having traded as high as $52.19 and as low as [Read more]
Sacrificing Energy East might be clever politics, but the country needs better
For hard working Canadians it can be painful to watch, but there’s no denying that there’s been some masterful political maneuvering on display recently. This is in reference to the berserk request by the National Energy Board to examine climate change impacts of the Energy East pipeline. This change in the NEB’s stance appears to be part of Prime Minister Trudeau’s master plan for solving pesky energy headaches. It’s easy to see the expediency of Trudeau’s path. He is caught between pursuit [Read more]
Canada’s transmission pipeline industry delivering on commitment to safety and transparency
A lot has changed since the first Canadian transmission pipeline was built in 1853 – a 25-kilometre cast iron pipe that moved natural gas to Trois Rivières, Quebec. Increased demand for energy eventually led to the expansion and sophistication of Canada’s pipeline network, which is now one of the safest, most economical and environmentally-friendly options in the world for shipping large volumes of oil and gas. Today, 119,000 kilometres of pipeline wind through Canada’s communities, safely [Read more]
Leucrotta Announces Q2 2017 Financial and Operating Results
CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 144% to 2,629 boe/d in Q2 2017 from 1,078 boe/d in Q2 2016 (increased 40% from 1,881 boe/d in Q1 2017). Increased funds from operations 527% to $2.1 million in Q2 [Read more]
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