BOE Report

Bellatrix announces strategic $118 million acquisition and increased production guidance

CALGARY, Dec. 1, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it has completed the acquisition of complementary assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from a senior oil and gas producer for total cash consideration of approximately $118 million.  The strategic tuck-in acquisition adds approximately 2,200 boe/d of currently unrestricted production (80% natural gas, 20% liquids), and [Read more]

Pembina Pipeline Corporation Announces 2015 Capital Program of $1.9 Billion, Provides Review of 2014 Accomplishments and Confirms Date for 2015 Investor Day

(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 1, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]

Connacher Undertakes Review of Capital Structure

CALGARY, Dec. 1, 2014 /CNW/ - Connacher Oil and Gas Limited(CLL – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to devise and implement a strategy to address Connacher's liquidity and capital structure. In this regard, BMO Capital Markets has been engaged as the Company's financial advisor to assist the Company in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board [Read more]

CGX Energy Announces Settlement Agreement with Repsol

(TSX-V | OYL) TORONTO, Dec. 1, 2014 /CNW/ - CGX Energy Inc. ("CGX Energy") announced today the settlement of the claims brought against Repsol Exploración, S.A. ("Repsol") relating to the joint operating agreement governing the Georgetown Block (the "Georgetown JOA"), offshore Guyana (the "Settlement").  CGX Resources Inc. ("CGX Resources"), a wholly-owned subsidiary of CGX Energy, commenced an arbitration against Repsol in the London International Court of Arbitration and received an injunction [Read more]

CNOOC Limited – Panyu 34-1/35-1/35-2 Project Commences Production

HONG KONG, Dec. 1, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Panyu 34-1/35-1/35-2 project commenced production. Panyu 34-1/35-1/35-2 project is located in the Pearl River Mouth Basin of the South China Sea with the water depth in the range of 195-338 meters. The project consists of three gas fields, namely Panyu 34-1, Panyu 35-1 and Panyu35-2. The main production facilities include one comprehensive platform, two sets of underwater [Read more]

Sunshine Announces The Appointment Of A Non-Executive Chairman, An Executive Vice-Chairman And A Non-Executive Director

Resignation Of A Non-Executive Director CALGARY, Alberta and HONG KONG, Nov. 30, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has appointed Mr. Tingan Liu (a director of the Corporation since February 1, 2011 and the deputy chairman and president of China Life Insurance (Overseas) Company Limited) to the position of Non-Executive Chairman of the Corporation, effective immediately.  Mr. Michael Hibberd, the previous [Read more]

NEB Approves TransCanada Mainline Tolls and Tariff

CALGARY, 28 Nov. 2014 /CNW/ - The National Energy Board (NEB or Board) today approved revised tolls and tariff for TransCanada PipeLines Limited's (TransCanada) Mainline System (Mainline).The reasons for the decision will be published in the coming weeks. The TransCanada Mainline collects about $1.6 billion in revenue annually. This decision approves the applied-for toll design for Mainline tolls for 2015 to 2020 and certain parameters for a toll-setting methodology up to 2030. The Board finds [Read more]

Pinecrest Energy Inc. announces its third quarter 2014 results

TSX Venture Exchange:  PRY CALGARY, Nov. 28, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine month period ended September 30, 2014.  The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. September 30 Three months ended Nine months ended 2014 2013 2014 2013 FINANCIAL [Read more]

FortisBC provides $5 million to help build two of Western Canada's first LNG marine vessels

Seaspan to fuel new ferries with up to 200,000 gigajoules of LNG per year from Tilbury facility SURREY, BC, Nov. 28, 2014 /CNW/ - FortisBC announced today that it will provide $5 million in incentive funding toward two new vessels for Seaspan Ferries that will be able to run on liquefied natural gas (LNG). The incentives were made possible following the creation of the Government of B.C.'s Greenhouse Gas Reduction regulation in 2012 when FortisBC announced the $62 million program for fleet [Read more]

Perpetual Energy Inc. announces notice of early partial redemption of 7.00% Subordinated Convertible Debentures

CALGARY, Nov. 28, 2014 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce that the Corporation has provided notice for the early partial redemption on December 31, 2014 of $25,000,000 of the aggregate principal amount of $59,878,000 of 7.00% Convertible Unsecured Junior Subordinated Debentures (the "Debentures") (TSX:PMT.DB.E) outstanding. The debentures mature on December 31, 2015. Perpetual is targeting full year 2015 capital spending to be [Read more]