CALGARY, Dec. 15, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the appointment of Daniel Lewis and Steven J. Pully to its Board of Directors, effective January 1, 2015. With the addition of Messrs. Lewis and Pully, Bellatrix's Board will have twelve directors. "We welcome Daniel and Steve to our Board as we continue to focus on executing on our strategy to deliver long term value for shareholders," said W.C. (Mickey) Dunn, [Read more]
Surge Energy Inc. Confirms December 2014 Dividend
CALGARY, Dec. 15, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2015 in respect of December 2014 production, for the shareholders of record on December 31, 2014 will be $0.05 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management is [Read more]
CNOOC Limited – Liuhua 34-2 Gas Field Commences Production
HONG KONG, Dec. 15, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced that its Liuhua 34-2 gas field has commenced production. The Liuhua 34-2 gas field is located in the Eastern South China Sea with the water depth in the range of 850 to 1,250 meters. The gas field consists of one producing well and shares the existing facilities of Liwan 3-1 gas field for overall development. The gas field is producing approximately 30 million cubic feet per day and [Read more]
Sunshine Oilsands Announces Appointment Of CEO And Of A Director, President And Chief Operating Officer
CALGARY, Alberta and HONG KONG, Dec.14, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has unanimously appointed Mr. Hong Luo, a Director of the Corporation, as Chief Executive Officer, subject to obtaining all necessary immigration approvals. The Board of Directors has also unanimously appointed Dr. Qi Jiang as President and Chief Operating Officer and a Director. There are no disagreements among board members and there [Read more]
Wet'suwet'en First Nation signs LNG pipeline benefits agreement with Province
WET'SUWET'EN FIRST NATION, PALLING, BC, Dec. 12, 2014 /CNW/ - The Wet'suwet'en First Nation (WFN) Chief and Council are pleased to confirm the signing of the LNG pipeline benefits agreement with the Province of British Columbia. The WFN will receive approximately $2.8 million from the province at three different stages for the Coastal Gas Link (CGL) gas pipeline project: $464,000 within 90 days after signing the agreement $1,160,000 when pipeline construction starts (scheduled to begin in 2015) [Read more]
Ivanhoe Energy board announcement
VANCOUVER, Dec. 12, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced the resignation of Peter G. Meredith from the company's Board of Directors, effective today. Mr. Meredith has served as a director of the company since December, 2007 and also from 1996 to 1999. The directors and the management of the company thank Mr. Meredith for his hard work, dedication and contribution over the many years and wish him success in his other business endeavors. Ivanhoe [Read more]
Keyera to Acquire Majority Ownership Interest in Ricinus Gas Plant
CALGARY, Dec. 12, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has reached an agreement to acquire a 70.79% ownership interest in the Ricinus deep-cut gas plant in west central Alberta (the "Ricinus Plant") for $65 million. The acquisition is subject to closing conditions including but not limited to the waiver or expiration of rights of first refusal held by the other owners of the Ricinus Plant. The Ricinus Plant, which is located 22 kilometres south of Keyera's [Read more]
Ivanhoe Energy provides update on the status of ongoing strategic and financial initiatives to obtain additional financing
Company does not expect to make the cash interest payment due December 31 on convertible debentures VANCOUVER, Dec. 12, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company's Board of Directors has been engaged in a process with its financial advisors to devise and implement a strategy to address Ivanhoe's liquidity, funding requirements and capital structure. Strategic and financial alternatives under consideration are focused on relieving [Read more]
Cenovus announces 2015 budget
Company to focus on high-return projects, capital discipline CALGARY, Dec. 11, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) plans to exercise capital restraint in the year ahead in the face of weaker oil prices. The company's 2015 capital budget focuses on continued profitable investment in oil sands projects, creating near-term cash flow while maintaining flexibility to adjust to shifting market conditions. Cenovus will manage through the volatile oil price environment [Read more]
Cenovus named to Climate Disclosure Leadership Index
Company selected for fifth year in a row CALGARY, Dec. 10, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is being recognized again for its leadership in the reporting of greenhouse gas (GHG) emissions with its inclusion in the 2014 Canada 200 Climate Disclosure Leadership Index. This is the fifth consecutive year that Cenovus has been named to the index, which is published by CDP (formerly known as the Carbon Disclosure Project). "We're pleased to have been consistently chosen to be a [Read more]
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