BOE Report

NEB Releases Final Audit Reports on TransCanada Pipelines Management Program

CALGARY, April 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released the final reports detailing its audit of TransCanada PipeLines Limited's (TransCanada) Safety Management, Emergency Management, Environmental Protection, Third Party Crossings and Public Awareness programs. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada [Read more]

Ferus Natural Gas Fuels Acquires Encana’s Share in Alberta LNG Plant

Opening in May 2014, the plant will play a key role in supplying low-cost, clean-burning LNG fuel to Western Canada's high horsepower industries. CALGARY, Alberta, April 24, 2014 /CNW/ - Ferus Natural Gas Fuels, Inc. (Ferus NGF), a North American leader in LNG and CNG fueling solutions, today announced it has completed the purchase of Encana Corporation's 50 percent interest in the Elmworth, Alberta 190,000-litre per day liquefied natural gas ("LNG") production facility, retaining key Encana [Read more]

Irving Oil Completes Voluntary Conversion of its Crude Oil Railcar Fleet

SAINT JOHN, April 23, 2014 /CNW/ - Irving Oil confirmed today that it has completed the conversion of its proprietary fleet of crude oil railcars to the Association of American Railroads' (AAR) recommended specifications for DOT-111 railcars constructed after October 1, 2011. In February, Irving Oil announced it would voluntarily remove its older-model railcars from service no later than April 30, 2014. The completion of the fleet upgrade supports Transport Canada's announcement [Read more]

Nexen Energy ULC introduces Fang Zhi as new CEO

CALGARY, April 23, 2014 /CNW/ - Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC Limited, Kevin Reinhart is departing from his role as Chief Executive Officer (CEO) of Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Limited. "On behalf of CNOOC Limited and the Nexen organization, I want to thank Kevin for his contributions to Nexen and wish him all the best in his future endeavours," said Mr. Li Fanrong, CEO of CNOOC [Read more]

Yangarra announces $25 million bought deal financing

CALGARY, April 23, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces  it has entered into an equity financing agreement, on a bought deal basis, led jointly by AltaCorp Capital Inc. and Clarus Securities Inc., with AltaCorp Capital Inc. as sole book-runner.  The full syndicate also includes Dundee Capital Markets, Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc. and Paradigm Capital Inc. (collectively, the [Read more]

Ironhorse Announces 2013 Fourth Quarter and Year End Results

CALGARY, April 22, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSXV: IOG) announces its fourth quarter and full year 2013 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2013 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook [Read more]

NEB to hear NGTL’s integration asset transfer application

CALGARY, April 22, 2014 /CNW/ - The National Energy Board (NEB or the Board) will hold a public hearing to consider an application filed by NOVA Gas Transmission Ltd. (NGTL) requesting approval for the acquisition of certain assets currently owned by ATCO Gas and Pipelines Ltd. (ATCO Pipelines). The Board is also being asked to approve the sale by NGTL of certain assets to ATCO Pipelines. If approved, the project would include the following asset exchanges: NGTL Transferred Assets, which [Read more]

Connacher Provides Q1 2014 Operational Update, AGM and Conference Call Details

CALGARY, April 21, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") provides the following operational update for the first quarter 2014 ("Q1 2014"). Production and Operations Based on field estimates, Connacher's Great Divide production for Q1 2014 averaged 13,400 bbl/d. Production was 18 per cent higher than the prior quarter (Q4 2013 - 11,400 bbl/d). On March 7, 2014 the Company experienced a natural gas supply pipeline leak at Algar. The Algar plant was [Read more]

Hawk Announces 2013 Annual Results and Filing of Reserves Data

CALGARY, April 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has filed on SEDAR its audited annual financial statements, and related management's discussion and analysis. The Corporation also filed its Annual Information Form  for the period ended December 31, 2013 containing the Corporation's Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2013 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and [Read more]

Athabasca Exercises the Dover Put Option

CALGARY, April 17, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has exercised its option to divest its 40% interest in the Dover Commercial Project ("DCP") to Phoenix Energy Holdings Limited ("Phoenix") for cash consideration of $1.32 billion (Cdn.) gross, approximately $1.23 billion (Cdn.) net of closing adjustments. Pursuant to the terms of its February 10, 2010 Put/Call Option Agreement with Phoenix, Athabasca's option to sell was [Read more]