CALGARY, ALBERTA--(Marketwired - Dec. 3, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) (COS) today announced its budget for 2015, which is marked by significantly lower capital expenditures, as Syncrude's major capital projects come to a close. This reinvestment included new or refurbished bitumen mining equipment to support decades of non-declining production and new technology to accelerate tailings reclamation. "With this budget, we are delivering a lower capital expenditure [Read more]
News
Dejour Moves Drill Rig to Woodrush
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the “Company”), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, updates current development progress underway at the Woodrush/Hunter Project (“Woodrush”) in NE B.C. The Company has contracted Ensign Drilling Partnership to drill two wells at its Woodrush production complex. Rig arrival is [Read more]
Deep Well Announces Preliminary Results of the Sawn Lake SAGD Demonstration Project
EDMONTON, ALBERTA--(Marketwired - Dec. 3, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce preliminary results of the Sawn Lake Steam Assisted Gravity Drainage ("SAGD") Demonstration Project. For Phase 1 of the SAGD demonstration project, one SAGD well pair was drilled in the fourth quarter of 2013 to a depth of 650 meters and a horizontal length of 780 meters. After the construction of the SAGD facility for steam [Read more]
Petronas delaying decision on B.C. LNG as oil slump further squeezes economics
CALGARY - Malaysian energy giant Petronas said Wednesday it's delaying its proposed liquefied natural gas terminal near Prince Rupert, B.C., even though it's pleased with recent moves the provincial government has made to make the nascent LNG industry more competitive.Petronas acknowledged the B.C. government has "brought resolution to key policy matters," such as establishing a tax regime for LNG firms, detailing offsets for greenhouse gas emissions and gaining support from First Nations.But [Read more]
Southern Pacific Launches Review of Capital Structure and Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced that its Board of Directors has initiated a process to identify, examine and implement strategic and financial alternatives available to the Company in order to address its liquidity and capital structure. Strategic and financial alternatives may include, but are not limited to, the sale of the Company or all or a portion of its assets, [Read more]
Wynne, Prentice meet to talk Energy East pipeline amid Central Canada concerns
TORONTO - Ontario's concerns about the environmental impact of the proposed Energy East pipeline narrowed considerably Wednesday following a meeting between Premiers Kathleen Wynne and Jim Prentice of Alberta.Ontario and Quebec had set out seven principles for the $12-billion pipeline project, which would carry western crude to refineries in eastern Canada, the most notable relating to its potential impact on climate change.But after meeting Prentice in her office, Wynne said her concerns were [Read more]
Athabasca Oil Corporation Announces Initial 2015 Capital Budget
CALGARY, Dec. 2, 2014 /CNW/ - Athabasca Oil Corporation's (TSX: ATH) ("Athabasca" or "the Company") Board of Directors has approved an initial 2015 capital budget of $266 million which includes $58 million of carryover from the 2014 budget. Athabasca's capital budget aligns with its strategic priorities, including delivering near-term production and cash flow growth from its cornerstone Kaybob Duvernay and Hangingstone assets and maintaining a strong balance sheet with flexibility to respond to [Read more]
Artek Exploration Ltd. Announces Non-Core Property Dispositions
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to announce that it has entered into purchase and sale agreements to dispose of certain non-core assets (the "Divested Assets") in the Peace River Arch area of Alberta. Total cash consideration, before customary closing adjustments, for the Divested Assets is approximately $21.85 million providing the Company with additional balance sheet strength to [Read more]
Waldron Energy Corporation Announces Engagement of Financial Advisor to Undertake Process to Dispose of Assets in Order to Unlock Shareholder Value
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Waldron Energy Corporation (TSX:WDN) ("Waldron" or the "Corporation") is pleased to announce that it has engaged Cormark Securities Inc. as its exclusive financial advisor to assist the Corporation in order to pursue the sale of a material portion of the assets of the Corporation, either in one transaction or in a combination of transactions; a merger or other business combination; the outright sale of the Corporation; or some combination thereof. [Read more]
Imperial Oil Limited – Kearl production resumes
CALGARY, Dec. 2, 2014 /CNW/ - Imperial today confirmed that bitumen production has ramped up to pre-shutdown levels at its Kearl operations following a precautionary shutdown in early November, prompted by the detection of a vibration issue with the plant's ore-crusher unit. SOURCE Imperial Oil Limited For further information: Investor Relations, Christine Krol, (403) 766-1105; Media Relations, Pius Rolheiser, (403) 237-2710 [Read more]