CALGARY, ALBERTA--(Marketwired - Oct. 14, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce an operational update with the following highlights: Record current production rate of 7,400 boe/d, based on field estimates, excluding 550 boe/d of shut-in production associated with TransCanada Pipeline maintenance and third party plant turnarounds. Record drilling activity in the Wilson Creek area. The Company currently has three drilling [Read more]
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Palliser Provides Operations Update
CALGARY, Oct. 13, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) wishes to provide an operations update. In the third quarter of 2014, Palliser completed a seven (4.25 net) well capital program. The seven well capital program was a part of farmout agreements in which the capital expenditures on the program were completed at minimal cash cost to Palliser, with certain surface equipment for most of the wells supplied from Palliser's inventory [Read more]
U.S. midterms: Stage may be set for a big vote on Keystone XL pipeline
WASHINGTON - A certain Canadian pipeline appears poised to spring back to the top of the American political agenda, with the upcoming congressional elections setting the stage for a vote on the long-delayed Keystone XL project.Republicans have all but declared that they would try to use their new dominance in Congress to push through a Keystone bill, should they win the Senate in three weeks as many predict.The pipeline issue had been a little more dormant in Washington since the spring, as [Read more]
Facts and figures on Canadian oil and gas production and investment
OTTAWA - Some facts and figures about Canada's oil and gas sector:Foreign direct investment through eight months 2014: $19.6 BillionRecord annual foreign direct investment: $25.6 Billion, 2007Canadian crude oil production 2006: 2.65 million barrels per dayCanadian crude oil production 2013: 3.46 million barrels per dayPercentage of Canadian oil production from Alberta: 78 per cent, 2013Percentage of Canadian energy production going to U.S.: 98 per centCanada sits third in the world, behind [Read more]
TransCanada Receives Regulatory Approval for Grand Rapids Pipeline Project
CALGARY, ALBERTA--(Marketwired - Oct. 10, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Alberta Energy Regulator (AER) has approved the majority of the company's applications to construct and operate the Grand Rapids Pipeline Project (Grand Rapids). Grand Rapids will comply with all regulatory requirements and is evaluating the conditions in the decision. "We are pleased that the Alberta Energy Regulator has approved Grand Rapids. The [Read more]
Ivanhoe Energy receives US$2.2 million short-term loan from Executive Co-Chairman Robert Friedland
CALGARY, Oct. 10, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that the company's working capital has been augmented by a US$2.2 million (approximately C$2.4 million) secured bridge loan provided by founder and Executive Co-Chairman, Robert Friedland. In addition, concurrent with the advancing of the bridge loan, Mr. Friedland also has resigned as the Executive Co-Chairman and as a director of the company. Mr. Friedland remains the largest shareholder of the [Read more]
Alberta Energy Regulator approves pipeline from oilsands to Edmonton
EDMONTON - The Alberta Energy Regulator has approved the $3-billion Grand Rapids oil pipeline with 26 conditions.The pipeline is designed to ship up to 900,000 barrels of diluted bitumen per day from near Fort McMurray, Alta., to the Edmonton area.Several of the conditions deal with the pipeline's route and others deal with enhanced environmental monitoring and mitigation to better protect wildlife and wetlands.The approval follows two weeks of hearings this summer.The hearings were boycotted by [Read more]
NEB delays start-up of Enbridge’s newly reversed Line 9 oil pipeline
CALGARY - The start-up of Enbridge Inc.'s newly reversed Line 9 pipeline has been delayed by at least a few months as the National Energy Board seeks greater assurances that waterways along its route will be protected.The federal energy watchdog said in a letter this week it's "not persuaded" the Calgary-based pipeline giant (TSX:ENB) is meeting one of the conditions it attached to its approval of the project in March.Condition 16 has to do with where valves are placed in relation to water [Read more]
Saturn Minerals Inc. Announces Additional Seismic and Drilling On Saskatchewan Oil Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 10, 2014) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn") is pleased to announce that Saturn and Jaguar Resources Inc. have commenced a 2D seismic program over Petroleum Exploration Permit 72 (the "Bannock Creek Property") and Exploration Permit 71 (the "Little Swan Property") in the northern Williston Basin in eastern Saskatchewan. Harbinger Exploration Inc., Calgary has been retained to complete approvals and mapping and [Read more]
Pembina Pipeline Corporation Announces Resthaven Plant Expansion
Long-term agreement with Mosaic Energy Ltd. underpins $170 million gas plant expansion and associated new gathering pipeline CALGARY, Oct. 10, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into commercial agreements to proceed with a $170 million expansion of the Company's recently completed Resthaven Facility (a 200 million cubic feet per day ("MMcf/d") (134 MMcf/d net to Pembina) gas processing facility) and to [Read more]