BOE Report

Shell Canada and TELUS World of Science – Edmonton announce partnership and installation of interactive carbon capture and storage exhibit

EDMONTON, March 4, 2015 /CNW/ - Today, Shell Canada announced it is contributing $450,000 to the TELUS World of Science – Edmonton (TWOSE) to fund its on-site school program, and unveiled a new interactive carbon capture and storage (CCS) exhibit. The funding will be directed to the Science Centre's on-site school program, and is distributed over three years. The interactive CCS display is designed to help showcase the technology, and specifically Quest, the first commercial-scale CCS project in [Read more]

Connacher Oil and Gas Files Meeting Material for March 30, 2015 Shareholders' & Noteholders' Meetings and Announces Mailing of Material

CALGARY, March 4, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") is pleased to announce that it has filed its meeting materials on SEDAR, including a management information circular of Connacher dated February 20, 2015 (the "Circular") and mailed its meeting materials to registered shareholders, in connection with its previously announced proposed recapitalization transaction (the "Recapitalization"), aimed at significantly reducing the Company's debt and [Read more]

Murphy Oil Company Ltd. – Media Statement

CALGARY, March 3, 2015 /CNW/ - Murphy Oil Company Ltd. is responding to a leak from an infield condensate transfer line at its Seal Field, located approximately 80 kilometers south east of the Town of Peace River in North Central Alberta.  The 3-inch diameter pipe was shut in after three (3) localized areas of condensate were discovered near surface during the afternoon of March 1st.  A spill response plan was immediately activated. The Alberta Energy Regulator was notified and is on scene to [Read more]

Westcoast Energy Declares Dividends

VANCOUVER, March 3, 2015 /CNW/ - On March 3, 2015, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends: 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:  A dividend of 34.375 cents per share payable on April 15, 2015 to shareholders of record at the close of business on April 1, 2015. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 35.00 cents per share payable on April 15, 2015 to shareholders of record at the close of business on April 1, 2015. [Read more]

Oando Energy Resources announces the optimisation of its crude oil hedge program and a $238 million prepayment of certain loan facilities

CALGARY, March 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 announced a $238 Million prepayment of certain loan facilities, which it utilized for the $1.5 Billion acquisition of the ConocoPhillips Nigerian Oil and Gas Business in July, 2014. The company successfully realized $234 Million by resetting its crude oil hedge floor price from an average of $95.35 per barrel to $65.00 per [Read more]

Raimount Energy Inc. – Annual Financial Disclosure

CALGARY, March 3, 2015 /CNW/ - On March 2, 2015, Raimount Energy Inc. filed the following documents on SEDAR under the project file number shown opposite the filed document: Annual Financial Statements-SEDAR project file no. 02314819; Annual Certificates-SEDAR project file no. 02314766; and Annual Management Discussion and Analysis-SEDAR project file no. 02314696. RESERVES DISCLOSURE On March 2, 2015, Raimount Energy Inc. filed the following documents on SEDAR under project file number 02314831; [Read more]

Whitecap Resources Inc. announces increase to credit facilities and provides operational update

CALGARY, March 3, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that based on the review of our independent 2014 year end reserves report, our lenders have agreed to increase Whitecap's credit facilities by 20% to $1.2 billion from the previous $1.0 billion. The increase is a result of Whitecap's strong drilling results enhanced by the accretive acquisitions completed in 2014, which resulted in significant reserves and production growth [Read more]

Media Advisory – Revving up their (eco) engines: U of T students set sights on first place finish in global fuel-efficiency competition

TORONTO, March 5, 2015 /CNW/ - It looks like a cross between a futuristic sports car and a bobsled, and can travel the equivalent of Toronto to Montreal and back on less than a litre of fuel – it's the University of Toronto's award winning fuel-efficient prototype vehicle. Last year the team from the University of Toronto, dubbed Supermileage, made a splash placing second in the Shell Eco-marathon Americas Challenge –the highest result ever for a team new to the competition. Supermileage brought [Read more]

Cenovus announces closing of $1.5 billion bought-deal common share financing

CALGARY, March 3, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus") has closed its previously announced bought-deal common share financing. A total of 67.5 million common shares were sold at a price of $22.25 per share (the "Offering") for gross proceeds of approximately $1.5 billion. Cenovus intends to use the net proceeds from the Offering to partially fund the company's previously announced $1.8 billion to $2.0 billion capital expenditure program for 2015, to repay [Read more]

Athabasca Oil Corporation Announces Receipt of $302.5 Million from Brion Energy Corporation; Conference Call Advisory for 2014 Year-end Results

CALGARY, March 2, 2015 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has received payment of $302.5 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the first of three promissory notes issued to the Company by Brion. The payment relates to Athabasca's prior sale of its 40% interest in the Dover oil sands project to Brion, which closed on August 29, 2014. The [Read more]