WASHINGTON - With pipeline plans facing opposition in the West, the East, and the South, a Canadian premier is in the U.S. this week promoting an alternate route for exporting oil: the North.The premier of the Northwest Territories is in Washington, D.C., this week promoting an "Arctic Gateway" to carry oil through his region to international markets.Bob McLeod has been promoting the plan in meetings with the Exxon oil company, the American Petroleum Institute, the Canadian embassy, and in [Read more]
News
Crescent Point Energy Announces Closing of Lightstream Asset Acquisition
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to report that the previously announced agreement to acquire certain assets from Lightstream Resources Ltd. closed today. As a result, Crescent Point has acquired high-netback, low decline, conventional oil production of approximately 3,300 boe/d and 76 net sections of land that are contiguous with Crescent Point's existing land base in southeast [Read more]
Whitecap Resources Inc. Announces Satisfaction of Conditions to the Completion of the Takeover Bid for the Common Shares of Forge Petroleum Corporation
CALGARY, Sept. 30, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that 43,155,087 common shares of Forge Petroleum Corporation ("Forge Shares"), representing over 99% of the issued and outstanding Forge Shares, have been validly tendered pursuant to Whitecap's offer to purchase (the "Offer") all of the issued and outstanding Forge Shares. Whitecap has directed the depositary, Olympia Trust Company (the "Depositary"), to take up and pay for all of the Forge [Read more]
Tamarack Valley Energy Ltd. Closes Its Wilson Creek Acquisition
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition") for an aggregate purchase price of $168.5 million, prior to closing adjustments. The Acquisition is highly accretive to Tamarack and further [Read more]
Enbridge aims to grow beyond oil pipelines; eyes gas, international projects
CALGARY - Enbridge Inc. is eyeing new opportunities outside of its home base of North America, including early-stage plans to build a multibillion-dollar pipeline through Colombia.The Calgary-based company (TSX:ENB) said Tuesday it's in talks with five shippers in the South American country about building a 760-kilometre pipeline from oilfields in the interior to its west coast. From there, the crude can be exported to Asia.The pipeline could cost around $6 billion, although a final estimate has [Read more]
Nova Scotia introduces legislation to ban high-volume hydraulic fracturing
HALIFAX - Nova Scotia is moving ahead with legislation that would ban high-volume hydraulic fracturing for onshore oil and gas, but the proposed law also includes an exemption that would allow fracking for testing and research purposes.Energy Minister Andrew Younger insists the exemption in the Petroleum Resources Act does not provide a loophole for the shale gas industry."Anybody could come to the door and ask for whatever they want," Younger said. "What this allows is for cabinet to consider a [Read more]
Bellatrix announces that Grafton has committed an additional $250 million towards further joint venture development
CALGARY, Sept. 30, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that based upon the success of the first joint venture with Grafton Energy Co I Ltd. ("Grafton Fund 1"), Bellatrix has entered into a new multi-year joint venture arrangement with Canadian Non-Operated Resources Corp. ("CNOR"), a non-operated oil and gas company managed by Grafton Asset Management Inc. pursuant to which CNOR has committed $250 million in capital [Read more]
Strategic Oil & Gas Ltd. Announces Closing of $65.8 Million First Tranche of Private Placement
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced financing for total gross proceeds of $65.8 million (the "Private Placement"). At closing, Strategic issued 163,926,091 common shares in the Company ("Common Shares"), comprised of 158,085,000 Common Shares and 5,841,091 Common Shares issued on a flow-through basis ("Flow-Through [Read more]
PrairieSky Royalty Announces Change to the Board of Directors
CALGARY, Sept. 30, 2014 /CNW/ - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announces that Sherri Brillon has resigned from PrairieSky's Board of Directors effective today's date. Ms. Brillon was a nominee to the PrairieSky Board of Directors under the Governance Agreement with Encana Corporation ("Encana"), which terminated upon closing of the previously announced secondary offering by Encana of its remaining share position in PrairieSky. The Board of Directors wishes to thank Ms. [Read more]
Hemisphere Energy Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, employees, consultants and directors of the Company entitling them to purchase up to a total of 785,000 shares at an exercise price of $0.65 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory approvals. About Hemisphere Energy [Read more]