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Obama: Keystone XL Pipeline Not Major Jobs Creator

  Jobs numbers and other benefits touted by supporters of the Keystone XL oil pipeline are probably exaggerated, President Barack Obama told House Republicans on Wednesday, according to lawmakers who attended the closed-door meeting. But Obama did not rule out a decision to approve the $7 billion pipeline, according to participants. Obama told Republicans at the Capitol that he's still weighing a decision on the pipeline, which would carry oil from western Canada to refineries [Read more]

Crescent Point Energy Corp. Announces Year-End 2012 Results

CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO) is pleased to announce its operating and financial results for the year ended December 31, 2012. The Company also announces that its audited financial statements and management''s discussion and analysis for the year ended December 31, 2012, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Crescent Point''s [Read more]

Crocotta Energy Announces Strong Reserve Growth and Top Quartile Finding and Development Costs

CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Crocotta Energy Inc. ("Crocotta") (CTA.TO) is pleased to announce its 2012 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd., in accordance with National Instrument 51-101 ("NI 51-101"). 2012 Highlights Achieved all-in finding, development and acquisition costs ("FD&A") including changes in future development costs ("FDC") on a proved plus probable basis of $11.98 per boe Increased Net Asset Value per share [Read more]

Birchcliff Energy Ltd. Announces Audited 2012 Financial Statements and Operations Update

CALGARY, ALBERTA--(Marketwire - March 14, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Birchcliff Energy Ltd. ("Birchcliff") (BIR.TO) is pleased to announce its 2012 audited financial statements and provide an operational update. The audited financial statements are consistent with the unaudited financial results announced in the press release issued by Birchcliff on February 13, 2013. The full text of the 2012 audited financial [Read more]

IN SEAWEED WE TRUST: France, Canada posed to sign co-operation deal on using seaweed for biofuel

By Canadian Press According to the U.S. Department of Energy, if world-wide production of seaweed increased 1,050%, that could be converted into enough gasoline to replace a whole 1% of U.S. domestic gasoline supply. Nevertheless, France and Canada will sign a joint declaration Thursday on a research co-operation initiative that will focus on creating biofuels from seaweed. On Thursday morning, Stephen Harper and French PM Jean-Marc Ayrault will preside over the signing of an agreement [Read more]

Birchcliff Energy Ltd. Announces Audited 2012 Financial Statements and Operations Update

CALGARY, ALBERTA--(Marketwire - March 13, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Birchcliff Energy Ltd. ("Birchcliff") (BIR.TO) is pleased to announce its 2012 audited financial statements and provide an operational update. The audited financial statements are consistent with the unaudited financial results announced in the press release issued by Birchcliff on February 13, 2013. The full text of the 2012 audited financial [Read more]

RMP Energy Announces Fiscal 2012 and Fourth Quarter Financial Results and Provides Year-End Reserves and Operations Update

CALGARY, ALBERTA--(Marketwire - March 13, 2013) - RMP Energy Inc. ("RMP" or the "Company") (RMP.TO) is pleased to announce its fiscal 2012 and fourth quarter financial results and provide information on its year-end crude oil and natural gas reserves in addition to an operations and hedging update. Fiscal 2012 and Fourth Quarter 2012 Financial Results For the year ended December 31, 2012, RMP reported funds from operations of $51.7 million ($0.52 per fully-diluted share) on revenue of $86.0 [Read more]

Prentice says Keystone XL pipeline is in U.S. national interest, urges approval

  NEW YORK - Former Conservative cabinet minister Jim Prentice says the Keystone XL oil pipeline is in the U.S. national interest and that President Barack Obama should approve it. In a speech to the Financial Times Forum in New York, the CIBC executive stresses the importance of the Canada-U.S. relationship and says the two countries must work together to achieve North American energy independence. A draft environmental report into the $5.3-billion pipeline released by the U.S. [Read more]

Crude oil inventories build slightly above expectations

U.S. commercial crude oil inventories increased by 2.6 million barrels from the previous week, slightly above the expected build of ~2.3 million barrels. Total crude oil stocks of 384 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 5.6 million barrels last week. [table] [attr style="width: 25%"]March 8`[attr style="width: 25%"]March 1`[attr style="width: 25%"]Change`[attr style="width: 25%"]% [Read more]

Sure Energy Announces Year End 2012 Financial and Operating Results

CALGARY, ALBERTA--(Marketwire - March 13, 2013) - Sure Energy Inc. (TSX"SHR) ("Sure Energy" or the "Company") is pleased to announce results for the year ended December 31, 2012. The Company's MD&A, Financial Statements and Notes, and AIF can be viewed or downloaded at www.sureenergyinc.com or www.sedar.com. During 2012, Sure Energy accomplished the following: Increased oil & liquids production from 50 percent of total production in 2011 to 59 percent in 2012 Funds Flow from [Read more]