CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - The National Energy Board (NEB) announced Friday it has approved TransCanada's application for approval of 2015 to 2030 Tolls. The components of the application reflected a settlement between TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and local natural gas distribution companies (LDCs) in Ontario and Québec. Approval of the application enables the addition of natural gas pipeline capacity to meet current and future [Read more]
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Midcoast Energy Partners Announces Retirement of Terrance L. McGill
HOUSTON, TX--(Marketwired - Dec 1, 2014) - Midcoast Energy Partners, L.P. (NYSE: MEP) today announced the retirement of Terrance L. McGill, effective Dec. 31, 2014. C. Gregory Harper has been elected president, Midcoast Holdings, L.L.C. effective Dec. 31, 2014. "Enbridge is deeply grateful for Terry's contributions over the last 12 years. During his tenure, he was instrumental in growing the business into a leading energy transportation company and in guiding the creation of MEP [Read more]
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.27391 to 1.28262. This increase will be effective on December 15, 2014 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: [Read more]
Pan Orient Energy Corp.: 2014 Third Quarter Financial & Operating Results
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) is providing its 2014 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated, converted using foreign exchange rates at September 30, 2014 where applicable, and BOPD refers to barrels of oil per day net to Pan Orient. The Corporation is today filing its unaudited consolidated financial statements as at [Read more]
Petro One Update on Financing and Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) reports that KMDC Resources Ltd. ("Resources"), a subsidiary of Korea Myanmar Development Company Ltd. ("KMDC"), has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will now retain [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for November 2014 Payable December 31, 2014
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the November 2014 monthly cash dividend will be $0.30 per share and will be paid on December 31, 2014. The record date for the dividend is December 15, 2014 and the ex-dividend date is December 11, 2014. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. [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]
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]