CALGARY - Costs for the long-delayed Keystone XL pipeline will likely balloon from US$5.4 billion to as much as US$10 billion, TransCanada Corp. confirmed Friday, as the project marked its sixth year in regulatory limbo.CEO Russ Girling told the Wall Street Journal that the price tag could rise to a "number that gets you into the high single digits to a 10 number." Company spokesman Shawn Howard confirmed the remarks."It is worth noting that increased project costs mean higher costs for refiners [Read more]
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Petro One Financing Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) reported on September 8, 2014 that Korea Myanmar Development Company Ltd. ("KMDC") had committed to pay $500,000 on September 19, 2014 towards the private placement which was originally announced on July 28, 2014 and is currently scheduled to complete on October 7, 2014. The Company is now pleased to report that it has received a copy of an outgoing cable issued by [Read more]
Enerplus Announces Cash Dividend for October 2014, Changes Payment and Record Dates and Suspends Stock Dividend Program
CALGARY, Sept. 19, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that a cash dividend in the amount of CDN$0.09 will be payable on October 15, 2014 to all shareholders of record at the close of business on September 30th, 2014. The ex-dividend date for this payment is September 26th, 2014. Effective with the October 2014 dividend, all dividends will now be paid on or about the 15th day of the month, approximately five days earlier than previously [Read more]
Talisman eyeing Scottish vote, but says North Sea faces bigger challenges
BANFF, Alta. - Of all the issues Talisman Energy Inc. has been grappling with in the North Sea, the prospect of Scottish independence wasn't at the top the list, CEO Hal Kvisle said Thursday before Scots voted to stay in the United Kingdom.Polls had suggested a razor-thin margin between the pro- and anti-independence camps, but a majority of Scots voted against a split. Scottish independence leader Alex Salmond conceded defeat early Friday.Talisman's (TSX:TLM) United Kingdom operations — based [Read more]
Tim McMillan to Become President of CAPP
CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Glenn Scott, Chair of the Board of Governors of the Canadian Association of Petroleum Producers (CAPP), announced today that Tim McMillan will become president of CAPP effective October 1, 2014. McMillan is currently minister of rural health in the government of Saskatchewan. He was previously minister of energy and resources and has a strong connection to the energy industry over many years, including ownership of an oilfield services [Read more]
Petrox Resources Announces Extension of LOI to Purchase Producing Properties
CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) ("Petrox") is pleased to announce that the deadline to reach a definitive agreement for the purchase of producing properties in Alberta (the "Properties") under the letter of intent announced on July 8, 2014 has been extended. Petrox and the vendor of Properties have agreed to negotiate on a non-exclusive basis until October 9, 2014, or such later date as agreed to by the parties, with a view to reaching [Read more]
Redhill Acquires Petroleum and Natural Gas Leases
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2014) - Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") hereby announces that it has acquired a 100% interest in a total of 8 sections of crown petroleum and natural gas leases (the "Leases") in the Government of Alberta's September 17, 2014 public offering of Crown land rights. Total bonus paid for the accepted offers was approximately $1 million and is exclusive of rental payments and fees. The Leases total 2,048 [Read more]
Manitok Energy Inc. Provides an Operational Update at Entice and Cordel-Stolberg
CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an operational update at Entice and Cordel-Stolberg. Entice As noted in the August 28, 2014 press release, Manitok has drilled a horizontal well at 3-28-22-25W4, testing the middle Basal Quartz ("BQ") formation in the southern end of the Entice field. This is the second well of a planned 10 well horizontal drilling program at Entice where Manitok [Read more]
Penn West Announces its Financial Results for the Second Quarter Ended June 30, 2014
CALGARY, Sept. 18, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial results for the second quarter ended June 30, 2014. The Company previously announced its key operating results for the second quarter on July 29, 2014. All figures are in Canadian dollars unless otherwise stated. All comparative figures for the three and six month periods ended June 30, 2013 are as [Read more]
Penn West Provides Results of Internal Review of Accounting Practices, Files Restated Financial Statements and Confirms No Impact on Strategic Direction
CALGARY, Sept. 18, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT) (NYSE – PWE) ("Penn West", the "Company", "we" or "our") today announced the results of the voluntary internal review (the "Review") undertaken by the Audit Committee of certain accounting practices, completed the restatement of certain financial statements and related management's discussion and analysis ("MD&A"), and confirmed that the Audit Committee's findings do not impact Penn West's strategic direction. The Audit [Read more]