BOE Report

Oando Energy Resources announces $91 million upsizing of RBL facility and repayment of $100 million Afrexim subordinated loan facility

CALGARY, Nov. 3, 2015 /CNW/ - Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today is pleased to announce a $91 Million upsizing of its senior secured facility (the "RBL Upsize") from $215 Million to $306 Million, and the repayment of its $100 Million African Export-Import Bank subordinated loan facility (the "Afrexim Facility"), which were utilized in the financing of the $1.5 Billion acquisition of the [Read more]

Quebec releases final environmental studies

/THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS/ CALGARY, Nov. 3, 2015 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE: QEC) reported today that the Government of Quebec has published the consultation documents for its strategic environmental assessment of oil and gas. Jason D'Silva, Chief Financial Officer of Questerre, commented, "We are very [Read more]

1927297 Alberta Ltd. announces intention to make a takeover bid for the outstanding common shares of Ironhorse Oil & Gas Inc.

All-Cash Offer of $0.17 per share represents premium of 45% to 90-day VWAP Immediate and certain value for shareholders Eliminates ongoing impact of oil price trends and operational risks to shareholders CALGARY, Nov. 3, 2015 /CNW/ - 1927297 Alberta Ltd. (the "Offeror") announced today that it currently intends, subject to market conditions and other considerations noted below, to make an offer (the "Offer") to purchase all of the outstanding common shares (the "Shares") of Ironhorse [Read more]

Thermal expansion on elbow joint led to October 2013 pipeline rupture near Fort McMurray, Alberta

GATINEAU, QC, Nov. 3, 2015 /CNW Telbec/ - The Transportation Safety Board of Canada (TSB) today released its investigation report (P13H0107) into the 17 October 2013 rupture of a TransCanada PipeLines Limited pipeline after less than five years of service. The rupture of the 36-inch natural gas pipeline occurred at the North Central Corridor Loop of the Buffalo Creek West Section, located southwest of Fort McMurray, Alberta. An estimated 16.5 million cubic metres of natural gas was released. The [Read more]

Hemisphere Energy Provides Operational and Corporate Update

TSX-V: HME VANCOUVER, Nov. 3, 2015 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to provide an update on its recent field operations and corporate activities. Atlee Buffalo, Alberta Hemisphere has received the necessary approvals and commenced injection in all three of its planned waterflood pilots in Atlee Buffalo.  The Company expects to see significant production and reserve additions over the next number of years through enhanced [Read more]

Enerplus to Present at Bank of America Merrill Lynch 2015 Global Energy Conference

CALGARY, Nov. 3, 2015  /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to advise that Mr. Ian C. Dundas, President & CEO, will provide an update on Enerplus' activities via a presentation at the Bank of America Merrill Lynch 2015 Global Energy Conference on Tuesday, November 10, 2015 at 4:20 pm ET (2:20 pm MT). Investors are invited to listen to a live webcast of the presentation at: http://www.veracast.com/webcasts/baml/energy2015/id09112435385.cfm To ensure [Read more]

OSP helps Pioneer Energy Services with coiled tubing bacterial issue in the Eagle Ford

CALGARY, Nov. 2, 2015 /CNW/ - OSP worked with Pioneer Energy Services (NYSE:PES) to successfully apply their 2K7® biocide to mitigate bacterial growth in coiled tubing fluids in the Eagle Ford formation. "Microbial influenced corrosion, or MIC, has been shown to cause premature failure of coiled tubing units in the Eagle Ford, and other unconventional formations, resulting in downtime, added costs and safety concerns," said Stan Leong, President and CEO of OSP. MIC is caused by the formation of [Read more]

Russel Metals Announces the Promotion of John G. Reid to President

TORONTO, Nov. 2, 2015 /CNW/ - Russel Metals Inc. (TSX: RUS) today announced the promotion of John G. Reid to President and Chief Operating Officer of the Company, effective as of January 1, 2016.  Mr. Reid has over 22 years of industry experience and has served as the Company's Chief Operating officer since 2013.  Mr. Reid will report directly to Brian R. Hedges, Chief Executive Officer of the Company. Mr. Reid started with JMS Metals Services in 1991 and was elevated to President of JMS in [Read more]

Tesco Corporation Announces Fourth Quarter 2015 Dividend and Appoints Rose Robeson to its Board of Directors

HOUSTON, Nov. 2, 2015 /CNW/ -- Tesco Corporation (NASDAQ: TESO) today announced that the Board of Directors has approved a fourth quarter dividend and has appointed Rose Robeson to serve as an independent director of the Company. Fourth Quarter Dividend The Board of Directors approved a regular fourth quarter dividend of $0.05 per common share on October 30, 2015. The dividend is payable on December 4, 2015 to shareholders of record at the close of business on November 13, 2015. Director [Read more]

ALERT: Certain propane gas sold in Saskatchewan and Manitoba lacks required odour additive and may pose safety risk

OTTAWA, Oct. 30, 2015 /CNW/ - Affected product(s): Propane gas manufactured by Crescent Point Energy and sold for use in portable tanks or delivered to storage tanks in Saskatchewan and Manitoba Product description: Propane gas manufactured by Crescent Point Energy and distributed by various companies throughout Saskatchewan and Manitoba. The propane gas was delivered by various companies directly to consumers for use in storage tanks or sold at retail locations for use in portable [Read more]