CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that two recently completed Muskeg wells produced at a combined rate of 1,587 boe/d (83% oil). Strategic is also pleased to announce the addition of Mr. Michael Graham as an independent member to the Company's board of directors. Two west Muskeg wells 15-24 and 1-25 were recently brought on production and are free flowing oil wells. Over the last three days [Read more]
News
Oil associates asked B.C. government for gas plant exemption: documents
VANCOUVER - In January of this year, the Canadian Association of Petroleum Producers made a presentation to high-ranking officials in British Columbia's Environment Ministry, outlining changes they wanted to environmental review rules for natural gas projects.Those changes became law on April 14, but they didn't stay that way for long.An outcry from First Nations organizations forced an about-face from Environment Minister Mary Polak, who rescinded the revisions two days after they were passed [Read more]
New US sanctions target Russia’s largest bank, as well as energy and defence sectors
WASHINGTON - The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defence companies.The sanctions were imposed in co-ordination with the European Union, which unveiled its own package of penalties hours earlier. Officials said the parallel penalties are aimed at punishing Russia for deepening its provocations in Ukraine, including sending forces and weaponry across the [Read more]
Teine Energy Ltd. announces closing of private offering of senior unsecured notes
CALGARY, Sept. 12, 2014 /CNW/ - Teine Energy Ltd. ("Teine") has closed its previously announced senior unsecured notes offering (the "Notes Offering"). Teine has issued US$350 million in aggregate principal amount of 6.875% senior unsecured notes due in 2022 (the "Notes"). The Notes were issued pursuant to an indenture dated as of September 12, 2014, by and between Teine and Wilmington Trust, National Association, as trustee. The Notes have not been and will not be registered under the U.S. [Read more]
Chevron: decision on B.C. LNG project ‘economics-driven,’ won’t be rushed
CALGARY - Many hurdles remain before U.S. oil giant Chevron Corp. can decide the fate of its planned liquefied natural gas project in Kitimat, B.C., and finding a new partner is just one of them, CEO John Watson said Friday."It's not a schedule-driven project. It's an economics-driven project," Watson told reporters ahead of the annual Spruce Meadows Changing Fortunes Round Table in Calgary.This summer, Chevron's partner in the project, Texas-based Apache Corp., announced it was getting out of [Read more]
Nova Scotia’s premature action on fracking
CALGARY, AB/ Troy Media/ – Nova Scotia’s government recently announced it would table legislation to establish a moratorium on the practice of hydraulic fracturing (or “fracking”) for the production of natural gas in the province. The ban, which follows a lengthy report on the safety of hydraulic fracturing, is indefinite, but not permanent. (One is reminded of the saying that there is nothing more permanent than a temporary tax.). Nova Scotia’s Energy Minister Andrew Younger suggests Nova [Read more]
Tuscany Confirms Step Out Oil Discovery at Macklin
CALGARY, ALBERTA--(Marketwired - Sept. 12, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that a step out vertical well drilled for water disposal purposes at the Company's 100% working interest Macklin property encountered nine metres of Dina oil pay. The 7-33-39-28W3 well was drilled to 1,011 metres as a potential Duperow water disposal well, and was located to also test a potential extension of the adjacent Dina oil field currently being developed by Tuscany. [Read more]
Canadian Natural Resources Limited Announces That Production Has Recommenced at Horizon Following Completion of Coker Plant Expansion
CALGARY, ALBERTA--(Marketwired - Sept. 12, 2014) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") is pleased to provide an update on the status of the Company's Horizon Oil Sands ("Horizon") project and its recent plant shutdown for routine maintenance and the tie-in of additional coker capacity. On September 10, 2014, the expansion of the Coker Plant (Phase 2A), was safely completed and production of synthetic crude oil ("SCO") recommenced with a [Read more]
Spyglass Resources Corp. Announces Closing of Previously Announced Non-Core Asset Dispositions and Declares the September Dividend
CALGARY, ALBERTA--(Marketwired - Sept. 11, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces the closing of the non-core asset dispositions disclosed in the Company's August 12, 2014 news release. Net proceeds of $43 million (after normal closing adjustments) have been received in the third quarter in addition to the second quarter proceeds of $7 million. Dispositions closed to date in the third quarter were reported as assets held for sale at June [Read more]
Whitecap Resources Inc. closes $125 million bought deal financing
CALGARY, Sept. 11, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters led by National Bank Financial Inc. and including GMP Securities L.P., TD Securities Inc., CIBC World Markets, RBC Capital Markets, Scotia Capital Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., Peters & Co. Limited, [Read more]