CALGARY, ALBERTA--(Marketwired - April 13, 2015) - Questfire Energy Corp. (the "Corporation") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces it has issued an aggregate of 600,000 options to directors, officers, employees and consultants pursuant to its stock option plan, of which 255,000 were granted to directors and officers. The options have an exercise price of $1.30 per share and will expire on April 13, 2025. To request a free copy of Questfire's financial report or if you would like to be [Read more]
News
National Energy Board Launches Online Pipeline Incident Map
CALGARY, April 13, 2015 /CNW/ - The National Energy Board (NEB) has launched an online interactive Pipeline Incident Map that offers Canadians the opportunity to view all pipeline incidents in Canada since 2008. In launching the map, NEB Chair Peter Watson said, "This new and interactive tool offers Canadians the ability to learn more about pipeline incidents and the companies involved. It also demonstrates the NEB's increasing commitment to transparency." The Pipeline Incident Map [Read more]
Gibson Announces New Storage Capacity at Hardisty
CALGARY, ALBERTA--(Marketwired - April 13, 2015) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), is pleased to announce that it has received sufficient committed shipper support to proceed with an additional 900,000 barrels of crude oil storage capacity at the Company's Hardisty Terminal. This will be comprised of a 400,000 barrel storage tank and a 500,000 barrel storage tank. The 500,000 barrel storage tank is backed by a long-term agreement with Teck Resources Limited, a new [Read more]
Perpetual Energy Inc. Announces Disposition of Royalty Lands in East Central Alberta for $21 Million
CALGARY, April 13, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce it has closed the sale of certain fee simple lands in east central Alberta, and a working interest in related seismic data, for $21.0 million. The transaction involves 206,712 net acres (207,770 gross) of fee simple lands, primarily comprised of section 8 and three quarters of section 26 in a checkerboard pattern across a 14 by 18 township area east of [Read more]
Bullish bets on oil increase
Speculators increased bullish oil bets by the most in more than four years, wagering that the U.S. production boom is slowing. Hedge funds boosted net-long positions on West Texas Intermediate crude by 30 percent in the seven days ended April 7, the biggest jump since October 2010, U.S. Commodity Futures Trading Commission data show. Long bets rose to a nine-month high, while shorts tumbled 21 percent. U.S. crude output and inventories may peak this month amid a record drop in rigs [Read more]
Ontario and Quebec will sign cap-and-trade deal Monday to curb climate change
TORONTO - Ontario Premier Kathleen Wynne will sign an agreement Monday with Quebec on a cap-and-trade system to put a price on carbon in an effort to reduce greenhouse gas emissions.Ontario government sources told The Canadian Press Wynne will announce the deal at a news conference in Toronto Monday, before flying to Quebec City to make it official with Quebec Premier Philippe Couillard.The agreement between Ontario and Quebec will be signed one day before the other provincial and territorial [Read more]
NDP’s Notley promises royalty changes
EDMONTON - NDP Leader Rachel Notley says her party would encourage more oil refining in the province if it wins power in the Alberta election.Notley says the NDP would establish a commission to recommend a royalty structure to reward companies that add value to the oil rather than shipping it out raw to be refined somewhere else.The commission would report within six months.Notley says government studies have shown upgrading oil in Alberta could create 16,000 direct and spin-off jobs and [Read more]
Tough times in oilpatch mean busier civil enforcement agencies, auction houses
CALGARY - As Alberta's oilpatch slows down, John Shortridge is bracing for an onslaught of work.He runs Allied Shortridge Civil Enforcement, one of eight agencies in Alberta that work with bailiffs to carry out court orders and seize property, among other things.Shortridge has been in the business for more than three decades — first with the Alberta Sheriff's Office and then on his own after those functions were privatized in 1996. So, he's seen enough booms and busts to know what's coming."What [Read more]
Apache Completes Sale of Kitimat LNG
HOUSTON, April 10, 2015 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed the previously disclosed sale of its 50 percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited (ASX: WPL). Total proceeds of $854 million include $354 million in adjustments for reimbursement of net expenditures on the project, changes in working capital and [Read more]
Pembina Pipeline Corporation Announces Closing of $225 Million Preferred Share Offering
CALGARY, April 10, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced public offering of cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") for aggregate gross proceeds of $225 million (the "Offering"). The Offering was announced on March 31, 2015 when Pembina entered into an agreement with a syndicate of underwriters co-led by [Read more]