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Donnybrook Announces Details of Anticipated Distribution of Cequence Shares

CALGARY, ALBERTA--(Marketwire - Mar 28, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) announces that further to its previously announced agreement to sell the Company's interest in its Simonette and Resthaven oil and gas properties to Cequence Energy Ltd. ("Cequence") for consideration consisting of 10.3 million common shares of Cequence ("Cequence Shares") and Cequence's interest in its Fir oil and gas property, by way of a plan of arrangement under the [Read more]

Colorado governor wraps up three-day visit to oilsands. thinks American attitudes are changing

  CALGARY - The governor of Colorado says he thinks Americans who are against the proposed Keystone XL pipeline may be beginning to change their minds. John Hickenlooper has wrapped up a three-day visit to Alberta which included a tour of the oilsands. Hickenlooper, a Democrat, hasn't taken a political stance in support of the pipeline that would carry bitumen from the oilsands to U.S. refineries. But he says the public needs to focus on the facts when it comes to Alberta [Read more]

Natural gas storage draw in-line with estimates

Working gas in storage was 1,781 Bcf as of Friday, March 22, 2013, according to EIA estimates. This represents a net change of -95 Bcf in-line with analyst estimates of ~-94 Bcf. Stocks were 642 Bcf less than last year at this time and 61 Bcf above the 5-year average of 1,720 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 22`[attr style="width: 25%"]March 15`[attr style="width: [Read more]

Outcome of Keystone decision could have major impact on investors’ portfolios

By Lauren Krugel, The Canadian Press CALGARY - Once upon a time pipeline companies were viewed as rather boring investments. That's not the case anymore. The fate of the contentious Keystone XL pipeline could have an impact on investors' portfolios in more ways than one. But John Stephenson, portfolio manager at First Asset Investment Management, says pipelines are still a better way to play the energy industry than investing in producers that are more exposed to commodity price [Read more]

Governments to publish long-awaited environmental data on oilsands

  OTTAWA - The federal and Alberta governments are finally ready to make research and data from their oilsands monitoring program public. Federal Environment Minister Peter Kent and his Alberta counterpart, Diana McQueen, are expected to launch a new data portal next Wednesday at an event at Carleton University in Ottawa. Public access to the data has been a long time coming. In February 2012, as part of their strategy to win international confidence in the environmental record [Read more]

Oil slightly higher as Cyprus reopens banks; natural gas steady after topping $4

By The Associated Press NEW YORK, N.Y. - The price of oil was little changed Thursday, while natural gas was steady a day after closing above US$4 for the first time in a year and a half. In morning trading in New York, benchmark West Texas Intermediate crude for May delivery was up 12 cents at US$96.70 a barrel. Oil has gained more than $4 in less than a week, driven by signs of strength in the U.S. economy. Natural gas futures were unchanged. Wednesday's close at US$4.07 per 1,000 [Read more]

Artek Exploration Ltd. Announces Closing of Bought Deal Equity Financing

CALGARY, ALBERTA--(Marketwire - March 28, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Artek Exploration Ltd. ("Artek" or the "Corporation") (RTK.TO) is pleased to announce the closing of its recently announced bought deal financing that was expanded for aggregate gross proceeds of approximately $39 million. An aggregate of 8,700,000 common shares of the Corporation were issued at a price of $3.45 per common share and 2,150,000 common shares of [Read more]

National Energy Board approves new tolls for TransCanada’s Mainline pipeline

  CALGARY - The National Energy Board approved a new toll plan for TransCanada's (TSX:TRP) Mainline on Wednesday that will help the natural gas pipeline compete. The board set the firm transportation toll from Empress, Alta., to Dawn, Ont., at $1.42/GJ, compared with a 2013 toll of $2.58/GJ. "The board approved multi-year fixed tolls that are competitive and provide TransCanada with a reasonable opportunity to recover its Mainline costs, given the increase in Mainline throughput [Read more]

SNC-Lavalin awarded Statoil’s North Sea Gina Krog jacket engineering contract by Heerema Fabrication Group Engineering

MONTREAL , March 27, 2013 /CNW Telbec/ - SNC-Lavalin (SNC.TO) has been awarded a contract by HFG Engineering Europe B.V. (HFGE) to carry out part of the detailed design of the jacket for Statoil's Gina Krog offshore field development on the Norwegian continental shelf. Statoil renamed the Dagny field Gina Krog in March 2013 . The engineering for the approximately 16,000-tonne, barge-launched jacket will be executed as a joint effort of HFGE and SNC-Lavalin. SNC-Lavalin will carry out the work [Read more]

Suncor Energy not proceeding with Voyageur upgrader project

CALGARY, ALBERTA--(Marketwire - Mar 27, 2013) - Suncor Energy today announced that it is not proceeding with the Voyageur upgrader project. The decision is the result of a joint strategic and economic review launched by Suncor and its joint venture partner Total E&P Canada Ltd in late 2012. "Since 2010, market conditions have changed significantly, challenging the economics of the Voyageur upgrader project," said Steve Williams, president and chief executive officer. "That's why we [Read more]