LOUISVILLE, Ky. - The CEO of a bankrupt southern Kentucky oil company has been sentenced to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee.Young Oil Corp. executive Anthony L. Young of Knob Lick pleaded guilty in March to defrauding investors in both states.Young acknowledged that from November 2007 through December 2008, he fraudulently solicited investments through his company and took the majority of the money for [Read more]
Bellatrix target of activist investor Orange Partners
CALGARY - Oil and gas developer Bellatrix Exploration Ltd. (TSX:BXE) has become the target of a U.S. activist investor.In a regulatory filing Tuesday, New York-based Orange Capital LLC disclosed it has bought a 5.3 per cent stake in Bellatrix, which has land throughout Western Canada but is mainly focused on west-central Alberta.The hedge fund said it plans to talk to the management of Calgary-based Bellatrix about ways to "maximize shareholder value."That could include hiring an outside adviser [Read more]
Willie Nelson, Neil Young to headline anti-Keystone XL oil pipeline concert in US field
NELIGH, Neb. - Willie Nelson and Neil Young will headline a concert next month in a Nebraska cornfield organized by opponents of a proposed pipeline that would carry oil from Canada south to the Gulf Coast.Bold Nebraska said Monday the concert will be held Sept. 27 on a farm near Neligh in northeast Nebraska. Tickets go on sale Wednesday.Earlier this year, protesters carved an anti-pipeline message into the cornfield, which is in the path of TransCanada's proposed Keystone XL pipeline.Pipeline [Read more]
For highest salary increases in Canada, look to the oilpatch: Mercer survey
CALGARY - For the biggest pay hikes in Canada, look no further than the oilpatch.The energy sector continues to lead the country in both actual and projected salary increases, according to survey released Monday by global consulting firm Mercer.The average base salary increase across the country is expected to be three per cent next year, the same as in 2014.But in the energy sector, the pay bump is forecast at 3.7 per cent in 2015 after an actual 3.9 per cent increase this year.Mercer has [Read more]
Feds worried about another ‘Idle No More’ after N.B. fracking protest: documents
MONTREAL - Federal officials closely tracked the fallout of an RCMP raid on a First Nations protest against shale-gas exploration in New Brunswick, at one point raising concerns it could spawn another countrywide movement like Idle No More.Documents obtained under access-to-information legislation reveal a lengthy email chain last fall monitoring events related to a blockade near Rexton, N.B., about 70 kilometres north of Moncton.Members of the Elsipogtog First Nation, who were concerned about [Read more]
Newfoundland and Labrador announces independent review into fracking
ST. JOHN'S, N.L. - Newfoundland and Labrador is launching an external review into hydraulic fracturing after the results of an internal government analysis came back inconclusive.Natural Resources Minister Derrick Dalley says the information gathered through the internal review isn't enough to make a final decision about fracking in the province.Dalley says an independent panel of experts will now be tasked with examining the issue, specifically the industry's potential impact in western [Read more]
Protesters halt work at Enbridge pipeline site in north Toronto
INNERKIP, Ont. - Ontario Provincial Police have charged a group of protesters after they interrupted work at an Enbridge pipeline site in Innerkip, Ont., last week.Four women and one man, who range in age from 24 to 30, were charged with offences that include obstructing a peace officer, mischief and disobeying order of the court.The demonstration on Aug. 5 was aimed at preventing the installation of a valve north of Woodstock.The blockade called "Dam Line 9!" was one of a series of recent [Read more]
Ontario protesters told to end the blockade of the Line 9 pipeline
INNERKIP, Ont. - Enbridge says it has served an injunction to protesters demanding they stop blockading construction on the Line 9 pipeline in the community of Innerkip, near Woodstock.A spokesman for a protest group that calls itself Dam Line 9 Blockade said that most of the protesters have begun cleaning up the site, but a one or two have locked themselves to structures in the area and do not plan to move.Dan Kellar said the protesters have come from all over southern Ontario, and have been [Read more]
Deep Panuke back pumping natural gas after fire temporarily closes offshore well
HALIFAX - The Deep Panuke natural gas wells off Nova Scotia have resumed production after an electrical fire shut down operations on Sunday evening.A spokesman for Encana (TSX:ECA) says the wells, located about 250 kilometres east of Halifax, started pumping natural gas early today.Jay Averill says in an email the wells are back to pre-shutdown levels of 210 million cubic feet of natural gas per day.An inquiry into the cause of the fire will be prepared by Encana and operator SBM Offshore and [Read more]
Group says it will continue blockade of Enbridge site indefinitely
INNERKIP, Ont. - The group spearheading a blockade of an Enbridge pipeline construction site in southwestern Ontario is vowing to continue the protest.Some 30 activists began their campaign early Tuesday near Woodstock at the site for the pipeline called Line 9.The blockade dubbed Dam Line 9 is aimed at preventing installation of a valve near River Thames, which the protesters say isn't adequately protected from the risk of a spill.Protest spokeswoman Hannah Batten says the activists will remain [Read more]
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