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Pipefitters and plumbers to Obama: APPROVE KEYSTONE NOW

  CALGARY - A union representing pipefitters and plumbers has written to U.S. President Barack Obama urging him to approve the Keystone XL pipeline. The United Association represents 52,000 workers in Canada, some of whom will be responsible for building the pipeline and maintaining it once it's complete. John Telford, director of Canadian affairs at the union, says approval of the $5.3-billion project will be a catalyst for many economic benefits in both the United States and [Read more]

Japex to take 10 per cent stake in Petronas shale gas lands, LNG terminal

  CALGARY - Japan Petroleum Exploration is buying into Malaysian firm Petronas' northeastern B.C. shale gas lands and planned West Coast export terminal. Japex says it has agreed to take a 10 per cent stake in both Petronas' properties in the north Montney region as well as a proposed liquefied natural gas plant on Lelu Island near Prince Rupert, B.C. At the facility, called Pacific Northwest LNG, the gas will be chilled into a liquid state so that it can be transported across the [Read more]

Report chastises Alberta for not pumping resource money into savings fund

  CALGARY - A report from the Fraser Institute suggests Alberta is doing little to save for a rainy day through its Heritage Savings and Trust Fund. The independent, non-partisan Canadian think-tank says over the years, Alberta governments have saved little of the province's resource revenue, leaving it far short compared to similar funds in Alaska and Norway. The institute's report says that in 2011, the heritage fund was valued at $14.2 billion - not much more than its [Read more]

Arsenal Energy Inc. Releases Yearend Reserves

CALGARY, ALBERTA--(Marketwire - Mar 4, 2013) - Arsenal Energy Inc. (AEI.TO) (AEYIF) AJM Deloitte has evaluated Arsenal''s reserves as at December 31, 2012 in accordance with National Instrument 51-101. Detailed reserve information will be included in Arsenal''s Annual Information Form for the year ended December 31, 2012 which will be filed on SEDAR at www.sedar.com on or before March 30, 2013. The summary information that follows has been derived from that [Read more]

Santonia Announces 2012 Reserve Summary and Year End Results

CALGARY, ALBERTA--(Marketwire - Mar 4, 2013) - Santonia (STE.TO) is pleased to provide this summary of its financial and operating results for the 2012 year. A complete copy of the Company''s consolidated financial statements for the years ended December 31, 2012 and 2011, along with management''s discussion and analysis in respect thereof will be filed on SEDAR and is available on the Company''s website at www.santoniaenergy.com. Complete reserve disclosure as required under National Instrument [Read more]

Keystone XL gets blessing from U.S. State Department, clears major hurdle

  The American government is making no final conclusion yet on the proposed Keystone XL pipeline but says that the fate of the project will not materially impact the growth of Alberta's oilsands. TransCanada's $7-billion pipeline project — proposed to ship oilsands crude to refineries on the United States Gulf Coast — has been in the crosshairs of environmentalists keen to halt oilsands expansion. But the State Department's draft Supplemental Environmental Impact Statement (SEIS) [Read more]

Canada rig count little changed week over week

[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`509`146`655 Last Week`504`158`662 Last Year`514`167`681 Week over Week Change`+5`-12`-7 Year over Year Change`-5`-21`-26[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]

Terra Energy Closes on Additional $20 Million Montney Sale

CALGARY, ALBERTA--(Marketwire - Mar 1, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TT.TO) is pleased to announce that the Company has closed on an additional $20 million sale of Montney assets to Crew Energy Inc. ("Crew"). Pursuant to an Option Agreement dated December 3, 2012, as amended, Crew elected to exercise its option to purchase additional Montney assets from Terra at an exercise price of $20 million cash. The resulting sale transaction was successfully completed on [Read more]

Pine Cliff Energy Ltd. Announces 2012 Year-End Reserves and Pro Forma Reserves Summary

CALGARY, ALBERTA--(Marketwire - March 1, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce its 2012 year‐ end reserves, the 2012 year‐end reserves of Skope Energy Inc. ("Skope") and Pine Cliff's pro forma reserves subsequent to Pine Cliff becoming the sole shareholder of Skope on February 19, 2013. Both Pine Cliff and Skope's independent reserve reports were prepared [Read more]

Crew Energy Announces Revised Acquisition Terms and the Purchase of 59 Sections of Montney Rights in Northeast British Columbia, March 1, 2013

CALGARY, ALBERTA--(Marketwire - Mar 1, 2013) - Crew Energy Inc. ("Crew" or the Company") (CR.TO) of Calgary, Alberta is pleased to announce that it has purchased 59 sections of Montney lands (the "Option Lands") in Northeast British Columbia, exercising on a portion of and amending the option it obtained in December 2012 as part of its Septimus/Groundbirch acquisition. The Company, on February 28th, 2013 closed the acquisition of approximately 59 net sections of Option Lands for a purchase [Read more]