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]
News
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]
Suncor Energy sells share of Pioneer Energy assets
CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Suncor Energy today announced that, along with The Pioneer Group Inc., it has reached an agreement to sell the assets of Pioneer Energy to Parkland Fuel Corporation for $378 million. Suncor, as one of the current joint owners of Pioneer Energy, will receive $182.5 million in cash for its share. The agreement includes the sale of 393 Pioneer-branded retail gas stations in Ontario and Manitoba. "Through our Petro-Canada business, we are the [Read more]
Cenovus provides update on Foster Creek
First oil achieved at phase F CALGARY, Sept. 17, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved first oil production at its recently-completed Foster Creek phase F expansion earlier this month. Phase F is expected to add 30,000 barrels per day (bbls/d) of capacity, with production ramping up over the next 12 to 18 months. By year-end, production from phase F is expected to be approximately 5,000 bbls/d. Phases G and H are under construction and are expected to add another [Read more]
B.C. court denies Burnaby’s bid to block Trans Mountain survey crews
VANCOUVER - A British Columbia court has rejected the City of Burnaby's latest bid to block Kinder Morgan crews from its land.A B.C. Supreme Court judge dismissed an application on Wednesday for an injunction against survey crews on Burnaby Mountain, the company's preferred new route for its Trans Mountain pipeline.Judge Brenda Brown did not immediately give reasons for her decision and Burnaby Mayor Derek Corrigan did not return a call seeking comment.The legal action was the latest tussle in [Read more]