BOE Report

NEB approves Quicksilver's export licence

CALGARY, June 30, 2015 /CNW/ - The National Energy Board (NEB) has approved the application of Quicksilver Resources Canada Inc. (Quicksilver) for a 25 year natural gas export licence with a maximum term quantity of 733 billion cubic metres 1 . The issuance of this licence is subject to the approval of the Governor in Council. When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, [Read more]

Cenovus sells royalty business for $3.3 billion

Sale to significantly strengthen company's balance sheet CALGARY, June 30, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers' Pension Plan (Teachers') for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, [Read more]

CNOOC Limited Bozhong 28/34 Oilfields Comprehensive Adjustment Project Commences Production

HONG KONG, June 30, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. Logo - http://www.prnasia.com/sa/200701301659.jpg The Bozhong 28/34 oilfields are located in Bohai with an average water depth of approximately 22 meters. The project consists of three sub-projects, namely Bozhong 28-2S oilfields comprehensive adjustment project, Bozhong 34-1 oilfield [Read more]

Sun Kwok Ping Files Early Warning Report for Purchase of Common Shares In Sunshine Oilsands Ltd. (the “Company”)

HONG KONG and CALGARY, Alberta, June 30, 2015 /CNW/ -- Mr. Sun Kwok Ping (the "Securityholder") has filed an early warning report dated June 30, 2015 advising of the purchase of 69,329,000 common shares of the Company at an average price of HK$0.9194 per share of representing approximately 1.78% of the outstanding common shares of the Company.  The Securityholder has filed the report as a result of the increase in his and any joint actor's holdings from 479,078,000 (12.28%) common shares and now [Read more]

Davie welcomes new Quebec Maritime Strategy

LEVIS, QC, June 29, 2015 /CNW Telbec/ - As a leader in the North American maritime industry, Davie applauds the Government of Quebec for its commitment to the sector in its first-ever maritime strategy; which will lead to more jobs and economic prosperity. The maritime strategy that the Quebec government launched today is keenly focused on the sustainability of the maritime industry. "The development of a maritime cluster which extends throughout the maritime industry is a model which has worked [Read more]

Twin Butte Energy Provides Operations Update and Announces Renewal of Credit Facility

CALGARY, June 29, 2015 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") is pleased to provide an operations update and announce the renewal of its credit facility. Operations Update: Twin Butte shut down drilling activity in mid-February in response to low oil prices and resumed in early June with one rig active in the Provost area. This rig is scheduled to stay in Provost drilling Dina/Cummings, Sparky and Lithic channel prospects into Q4. Based upon field [Read more]

Surge Energy Inc. Announces Change to Management Team

CALGARY, June 29, 2015 /CNW/ - Surge Energy Inc. ("Surge" or "the Company") announced today that, effective immediately, Mr. Maxwell Lof, Chief Financial Officer, will be leaving the Company to pursue other interests. "Surge would like to thank Max for his contributions during his time with the Company.  We wish him all the best in his future endeavours," said Paul Colborne, President and CEO. Surge management's stated goal is to be one of the best positioned light/medium gravity crude oil [Read more]

Sunshine Oilsands Ltd. Announces Operations Update, Re-designation of Directors and Change of Members of Board Committees

CALGARY, Alberta and HONG KONG, June 28, 2015 /CNW/ -- Operations Update The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce that West Ells construction is substantially completed with current field activities focused on facilities commissioning and startup preparation. To assure facilities performance and achieve nameplate capacity, management has advised the Board that the period for full [Read more]

Cenovus releases 2014 corporate responsibility report

CALGARY, June 25, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2014 corporate responsibility report detailing the company's efforts to accelerate its environmental performance, protect the health and safety of its staff, invest in and engage with the communities where it operates and maintain the highest standards of corporate governance. "At Cenovus, responsible development means never accepting that our current performance is good enough," said Kendall Dilling, [Read more]

Pump Up the Fun all summer long at Irving Oil – Summer promotion represents the largest in company's history

SAINT JOHN, NB, June 25, 2015 /CNW Telbec/ - Just in time for summer, Irving Oil has launched Pump Up the Fun, a new retail promotional campaign, throughout its entire retail network to make fuelling up with Irving Oil exciting and rewarding for customers all season long. "Pump Up the Fun is the largest retail promotion in Irving Oil's history," says Sarah Irving, Executive Vice President and Chief Brand Officer of Irving Oil. "It's an exciting promotion and we hope it encourages new and [Read more]