CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that Keyera Corporation ("Keyera") has commenced production into the new 94 km x 12 inch diameter pipeline which connects the NuVista Bilbo South Compressor Station to the Keyera Simonette gas plant. The startup was achieved on September 26th, and NuVista will increase production rates as the system proceeds through the initial run-in period. Although the system is still in the early [Read more]
News
Petronas says ‘consensus’ on LNG terms in next few weeks is ‘critical’
CALGARY - The B.C. and federal governments could miss out on billions in liquefied natural gas investment for at least a decade unless, by the end of this month, they can help reassure Petronas that its plan to export gas from the West Coast will be economically viable, the CEO of the Malaysian-state-owned energy giant said Monday."In order to remain competitive, Petronas needs to secure consensus on key principles vital to the success of this project by the end of October," Shamsul Abbas said [Read more]
Chevron Announces Sale and Joint Venture Partnership for Duvernay Shale Assets in Canada With KUFPEC
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion. The total purchase price includes cash paid at closing as well as a carry of a portion of Chevron Canada’s share of the joint venture’s future capital costs. [Read more]
Mountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million
CUT BANK, MT, Oct. 6, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Corporation") is pleased to announce that its board of directors has approved a private placement through an agent (the "Agent"), pursuant to which the Agent will offer for sale up to units of the Corporation ("Units") for aggregate gross proceeds of up to $25 million, or such greater amount as may be determined by Mountainview (the "Offering"). Each Unit will consist of one common share of Mountainview at a [Read more]
Exall Energy Corporation announces revised process to pay out existing credit facility
CALGARY, Oct. 6, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) announced today that further to its September 25, 2014 announcement, one of the syndicate members that was providing the underlying funding for a debenture purchase agreement (the "Agreement") with a private Canadian lender (the "Lender") has agreed as a preliminary step to pay out Exall's existing facility with Exall's current senior Canadian lender (the "Facility') in full, in [Read more]
Contact Exploration Announces New VP Finance & CFO
CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce the appointment of Mr. Chad Kalmakoff as Vice President, Finance & Chief Financial Officer effective today. Mr. Kalmakoff brings extensive financial experience, most recently as Vice President, Finance and CFO with Corinthian Exploration Corp., a successful private oil and gas company acquired by Legacy Oil + Gas Inc. earlier in 2014. Prior [Read more]
Ikkuma Resources Corp. Announces a $65 million Capital Expenditure Budget for Q4 2014 & 2015
CALGARY, Oct. 6, 2014 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce that the Corporation's Q4 2014 & 2015 capital expenditure budget, in the amount of $65 million, has been approved by the Corporation's Board of Directors. Ikkuma has built a drilling schedule consisting of approximately 25 (19 net) drill locations, based on by-pass pay, which represents more than 2 years of drilling inventory. Most of Ikkuma's operations are expected to be executed [Read more]
Vancouver mayor makes pipeline fight a key plank of re-election campaign
VANCOUVER - The mayor of British Columbia's most populous city is making his fight against Kinder Morgan's oil pipeline expansion a key plank of his re-election campaign.British Columbia municipalities go to the polls on Nov. 15 and Vancouver Mayor Gregor Robertson and his Vision Vancouver party released an environmental platform Sunday that makes the Trans Mountain expansion proposal its top priority."Mayor Robertson and Vision will continue to say a loud, firm `No' to the federal government [Read more]
B.C.’s anticipated LNG tax expected to dominate debate at B.C. legislature
VICTORIA - Liquefied natural gas is poised to get top billing during the British Columbia fall legislative session, but the Opposition and environmental groups have plans to shift the focus.Politicians return to the legislature Monday for a session scheduled to last until Nov. 27.Lt.-Gov. Judith Guichon will read a throne speech that lays out the government's agenda.Finance Minister Mike de Jong said the Liberal government plans to introduce two separate pieces of legislation that focus on LNG, [Read more]
Seven Generations Energy Announces Contingent and Prospective Resource Update
CALGARY, Oct. 3, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce the results of a recent independent resource evaluation performed by McDaniel & Associates Consultants Ltd. ("McDaniel"). McDaniel prepared the evaluation in compliance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook (COGEH). As of the effective date of the most recent assessment, July 1, [Read more]