BOE Report

PETRONAS statement regarding LNG development in British Columbia

VANCOUVER, Dec. 3, 2014 /CNW/ - PETRONAS announced today that the Government of British Columbia and Pacific NorthWest LNG have brought resolution to key provincial policy matters that provide added certainty required for advancing development of the proposed liquefied natural gas (LNG) facility in Port Edward, British Columbia. "I wish to extend my appreciation to the Government of British Columbia for its leadership towards achieving this key milestone," said Tan Sri Shamsul Azhar Abbas, [Read more]

LNG Canada Selects GE Oil & Gas High-Efficiency LMS100 Gas Turbine-Compressor Technology for Proposed LNG Facility in British Columbia

VANCOUVER, Dec. 3, 2014 /CNW/ - GE Oil & Gas (NYSE: GE) on Tuesday announced LNG Canada Development Inc. has selected GE's high-efficiency LMS100-PB dry low emission (DLE) aeroderivative gas turbine as well as vertically and horizontally split centrifugal compressor technologies for its proposed gas liquefaction plant for the export of liquefied natural gas (LNG) in Kitimat, British Columbia. The LMS100-PB is the largest aeroderivative gas turbine available with a free power turbine, ideally [Read more]

Athabasca Oil Corporation Announces Initial 2015 Capital Budget

CALGARY, Dec. 2, 2014 /CNW/ - Athabasca Oil Corporation's (TSX: ATH) ("Athabasca" or "the Company") Board of Directors has approved an initial 2015 capital budget of $266 million which includes $58 million of carryover from the 2014 budget. Athabasca's capital budget aligns with its strategic priorities, including delivering near-term production and cash flow growth from its cornerstone Kaybob Duvernay and Hangingstone assets and maintaining a strong balance sheet with flexibility to respond to [Read more]

Imperial Oil Limited – Kearl production resumes

CALGARY, Dec. 2, 2014 /CNW/ - Imperial today confirmed that bitumen production has ramped up to pre-shutdown levels at its Kearl operations following a precautionary shutdown in early November, prompted by the detection of a vibration issue with the plant's ore-crusher unit. SOURCE Imperial Oil Limited For further information: Investor Relations, Christine Krol, (403) 766-1105; Media Relations, Pius Rolheiser, (403) 237-2710 [Read more]

It's the most wonderful time of the year! – Irving Oil Contributes $3 Million to Saint John Regional YMCA

SAINT JOHN, NB, Dec. 02, 2014 /CNW Telbec/ - The YMCA of Greater Saint John announced today that Irving Oil has contributed $3 million to the new regional YMCA facility in the city's north end. "We are overjoyed by the support of Irving Oil. They are as passionate about this project as we are, and truly understand what the new YMCA facility will mean for our region," said Shilo Boucher, President and CEO of the YMCA. "Their generous contribution and continued support of the YMCA allows us to [Read more]

Bellatrix Announces the Sale of Minority Interests in its New Deep Cut Gas Plant and Facilities Being Constructed in the Alder Flats Area and the Securing of Additional Strategic Firm Capacity in the Strachan Area

CALGARY, Dec. 2, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the sale of minority interests in its new Bellatrix O'Chiese Ness-Ohpawganu'ck deep-cut gas plant at Alder Flats (the "Plant") and related pipeline infrastructure currently under construction (collectively the "Facilities") to Keyera Partnership ("Keyera") and O'Chiese Gas Plant GP Inc. ("O'Chiese").  Separately, Bellatrix is pleased to announce that it has entered into [Read more]

Keyera to Acquire an Ownership Interest in New Deep-Cut Gas Plant in West Central Alberta

CALGARY, Dec. 2, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has agreed with Bellatrix Exploration Ltd. ("Bellatrix") to participate in a new deep-cut gas plant as a 35% owner (the "Plant") and related pipelines (collectively the "Facilities") currently being constructed by Bellatrix in the Alder Flats area of west central Alberta. Bellatrix currently anticipates the total cost of the Facilities will be approximately $230 million and is expecting that the first phase [Read more]

Mountainview Energy Ltd. announces 2014 third quarter financial results

CUT BANK, MT, Dec. 1, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSXV: MVW) is pleased to announce its operating and financial results for the quarter ended September 30, 2014. The Company also announces that its reviewed financial statements and management's discussion and analysis for the quarter ended September 30, 2014, are available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Highlights of Mountainview's successful [Read more]

SilverWillow Energy Corporation announces resignation of director

CALGARY, Dec. 1, 2014 /CNW/ - SilverWillow Energy Corporation (TSXV:SWE) announces that Ms. Bonnie DuPont has tendered her resignation from SilverWillow's board of directors effective November 30, 2014. The company thanks Ms. DuPont for her valuable and dedicated contribution during her time on the board of SilverWillow and its predecessor companies. About SilverWillow Energy SilverWillow Energy Corporation is a Calgary, Alberta based exploration and development company with a portfolio [Read more]

Penn West Announces the Closing of the $355 Million Non-Core Asset Divestiture

CALGARY, Dec. 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West"or the "Company") is pleased to announce that it has successfully completed its previously announced divestiture of certain non-core assets located in south central Alberta for proceeds of approximately $355 million, subject to customary closing adjustments. Proceeds from this transaction will be used to reduce outstanding indebtedness on the Company's credit facility. The Company has now completed [Read more]