BOE Report

Lloyd I. Miller, III acquires common shares of LGX Oil + Gas Inc.

MONTRÉAL, Dec. 9, 2014 /CNW Telbec/ - Lloyd I. Miller, III, as an individual, acquired on December 8, 2014, ownership of 153,500 common shares (the "Common Shares") of LGX Oil + Gas Inc.  ("LGX") (TSXV:OIL). The Common Shares were acquired through the facilities of the Toronto Stock Exchange at a price of US$0.11 per common share or CDN$0.13 per common share (based on the Noon Bank of Canada exchange rate), such common shares representing approximately 0.17% of the currently issued and [Read more]

Pembina Pipeline Corporation Announces December 2014 Dividend

CALGARY, Dec. 9, 2014 /CNW/ - The Board of Directors of Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) has declared a common share cash dividend for December 2014 of $0.145 per share to be paid, subject to applicable law, on January 15, 2015 to shareholders of record on December 31, 2014. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered [Read more]

EOG Resources Divests Majority of Canadian Assets

HOUSTON, Dec. 8, 2014 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1, 2014. Approximate proceeds from the divestitures were US$ 410 million, net of customary transaction adjustments. As a result of these transactions, approximately US$ 150 million of restricted cash related to future abandonment liabilities was released. The [Read more]

Sunshine Oilsands Ltd. Announces Grant of Share Options

CALGARY, Alberta and HONG KONG, Dec. 8, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: 2012, TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain officers, employees and consultants under its share option [Read more]

Petro-Canada Lubricants' new DURON™-E UHP 5W-30 Heavy Duty Engine Oil delivers both fuel economy and engine protection

Latest addition to the DURON family can deliver up to 2x* better engine protection and 4%** better fuel economy MISSISSAUGA, ON, Dec. 8, 2014 /CNW/ - Petro-Canada Lubricants Inc., a Suncor Energy business, has launched its newest product – DURON™-E UHP 5W-30.  It is an ultra-high performance full synthetic low viscosity heavy duty diesel engine oil (HDEO) that can deliver up to 2x* better engine protection and 4%** better fuel economy. (Photo: http://photos.prnewswire.com/prnh/20141206/162750) [Read more]

3MV Energy Announces Results of Phase I Fiske Drilling Program and Provides Operational Update

CALGARY, Dec. 8, 2014 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that the Phase I drilling program in its core area of Fiske, Saskatchewan has been completed resulting in 100% success of six new producing oil wells.  The Fiske prospect is an area defined by 3MV and is approximately 12 miles south west of Rosetown, Saskatchewan. 3MV continues to maintain a fifty per cent working interest in excess of 50 contiguous sections. Phase II Fiske drilling is [Read more]

CNOOC Limited Announces First Production from K1A

HONG KONG, Dec. 8, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the company has started producing bitumen from Kinosis 1A (K1A), a new steam-assisted gravity drainage (SAGD) facility. The K1A project, located approximately 12 kilometers south of the Long Lake SAGD and upgrader in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 37 well pairs, and water and bitumen flowlines.  Bitumen produced from K1A is processed [Read more]

Vermilion Energy Inc. Announces 2015 Guidance

CALGARY, Dec. 8, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", or "Our") (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved a capital program of $525 million for 2015, a decrease of $150 million (22%) from our projected 2014 capital program expenditures of approximately $675 million.  In light of the decrease in crude oil prices since mid-2014, we have reduced our 2015 capital investment plans to ensure the continued strength of our balance sheet and the [Read more]

New $6.8-million R&D centre open for business at Memorial University

ST. JOHN'S, Dec. 5, 2014 /CNW/ - Construction of a new offshore research and development centre at Memorial University is complete, paving the way for increased collaborative research focused on solving technical challenges facing Newfoundland and Labrador industries. The new Suncor Energy Offshore R&D Centre will house innovative ocean- and offshore engineering-related R&D projects that will be carried out in collaboration with local and global industry partners. It is estimated that the new [Read more]

Cenovus to hold conference call and webcast on 2015 budget

CALGARY, Dec. 4, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its 2015 budget on Thursday, December 11, 2014. The news release will provide the company's outlook and expectations for 2015. A conference call and webcast to discuss the budget will be held for the investment community at 9 a.m. MT (11 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. An archived recording of [Read more]