QUÉBEC CITY, QUÉBEC--(Marketwired - Nov. 3, 2014) - Pétrolia (TSX VENTURE:PEA) is pleased to provide the following corporate update relating to the commercialization of its oil and gas properties on Anticosti Island and in the Gaspé region of Quebec. Haldimand Project The drilling of Haldimand 4 will resume by mid-November. The drilling rig, already on the site, is fully functional and the drilling team is expected on site in the coming days. The drilling of this well will make it [Read more]
News
Palliser provides update on proposed Maha amalgamation
CALGARY, Oct. 31, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that the proposed amalgamation of the Company and Maha Energy Inc. ("Maha") pursuant to an amalgamation agreement between the Company and Maha dated July 30, 2014 (the "Amalgamation Agreement"), as described in the Company's press release of July 30, 2014, will be modified and delayed. In particular, the proposed bond financing by Maha will not be advanced at present. [Read more]
Exxon, Chevron post higher earnings despite low oil prices, but resilience may not last
NEW YORK - Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.Exxon and Chevron leaned on strong performances from their refining operations to increase profits in the third quarter despite plummeting global oil prices."These companies can hold up in weaker markets," said Brian Youngberg, an analyst at Edward Jones, about Exxon and Chevron. "Refining and chemicals can benefit from lower oil prices."The global price [Read more]
Imperial announces estimated third quarter financial and operating results
For the nine months ended September 30, 2014 CALGARY, Oct. 31, 2014 /CNW/ - Third quarter Nine months (millions of dollars, unless noted) 2014 2013 % 2014 2013 % Net income (U.S. GAAP) 936 647 45 3,114 1,772 76 Net income per common share - assuming dilution (dollars) 1.10 0.76 45 3.66 2.08 76 Capital and exploration [Read more]
Kinder Morgan to file court action against protesters blocking pipeline work
VANCOUVER - Energy giant Kinder Morgan is seeking a court order to stop local residents from blocking survey work for a pipeline route through a conservation area in Metro Vancouver. The firm says a group of protesters stopped crews from working on Burnaby Mountain all day Wednesday.It accuses the demonstrators of trespassing, and a court hearing scheduled for this afternoon will hear the company's request for an injunction to prevent the protesters from getting in the way.The injunction [Read more]
Lightstream Announces Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce our third quarter financial and operating results and provide an update on our Swan Hills program. THIRD QUARTER FINANCIAL & OPERATING HIGHLIGHTS In the third quarter, we exceeded our asset divestiture goals with the sale of the remainder of our southeast Saskatchewan conventional business unit for gross proceeds of $476 million, resulting in [Read more]
NuVista Energy Ltd. Announces Third Quarter 2014 Results and Growth Plans for 2015 and Beyond
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce our results for the three and nine months ended September 30, 2014 and provide an update on our future business plans. During the third quarter of 2014 NuVista significantly advanced on our long-term goals with the start-up of the Keyera raw gas pipeline, achieved strong IP30 results on eight condensate rich gas wells, and continued our successful Wapiti Montney drilling program. We [Read more]
Incentives to oil, gas sector hit $1.25 billion in B.C.: auditor general
VICTORIA - British Columbia's auditor general says doing business with the oil-and-gas industry has cost the province's coffers about $1.25 billion in royalties even before most of the product has been pulled from the ground.The incentives to be paid to the industry were just some of the items highlighted Thursday by auditor general Carol Bellringer in her 2013-2014 summary of B.C.'s financial statements.Bellringer also noted how much money the government made from selling its assets, how much [Read more]
Ivanhoe Energy Reports Third Quarter 2014 Financial Results
Note: All figures are quoted in U.S. dollars unless otherwise noted. CALGARY, Oct. 30, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today reported its financial results for the third quarter of 2014. Third Quarter Financial Summary Ivanhoe Energy filed its quarterly financial report on Form 10-Q with the U.S. Securities and Exchange Commission and its unaudited interim consolidated financial statements with the Canadian Securities Administrators for the quarter ended [Read more]
Canadian Oil Sands Announces Third Quarter Results and Substantial Completion of the Mildred Lake Mine Train Replacement
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. "We have achieved substantial completion on construction of the $3.9 billion Mildred Lake Mine Train Replacement, on time and under budget, and are now in the commissioning and start-up phase," said Ryan Kubik, President and Chief Executive Officer. "This signals that Syncrude's major capital projects are [Read more]