CALGARY - Shell Canada Ltd., in an effort to cut costs and boost efficiency at its oilsands operations, has found inspiration in an unlikely place: online retailer Amazon.The company recently adopted a "warehousing" approach to how it manages its tools and equipment, president Lorraine Mitchelmore told reporters Wednesday. That way, workers don't waste their time hunting down a piece of pipe and trucks don't sit idle while mechanics wait on a certain part.Right now, Shell has the ability to [Read more]
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Hawk announces granting of incentive stock options
CALGARY, Aug. 27, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has granted a total of 1,455,000 options to directors, officers, employees and consultants, of which 1,315,000 were granted to directors and executive officers. Each option entitles the holder the right to acquire one Class A Share of the Corporation at an exercise price of $0.41 per Class A Share and expires ten years from the date of issue. The options vest equally over a three year period on [Read more]
Celebrity bullies like the ‘tar sands’ punching bag
It’s OK to use entertainers to raise awareness of issues, as long as the public does its own due diligence to learn the complete story CALGARY, AB/ Troy Media/ - Alberta must be getting a sense of what it’s like to be the victim of the school yard bullies. Once one starts picking on you, all the others figure you’re fair game. The latest big hitter to take a swipe at Alberta’s biggest industry is Leonardo DiCaprio. His tour to the northern Alberta “tar sands” comes on the heels of visits [Read more]
Scotiabank’s commodity price index heads down in July, affected by oil prices
TORONTO - Scotiabank's commodity price index edged down by 0.3 per cent on a month-over-month basis in July due to lower oil prices as supply concerns about Libya and Iraq eased.The oil and gas sub-index was down 3.9 per cent month-over-month in July.However, Scotiabank commodity market specialist Patricia Mohr says while traders have bid down near-term oil prices, current geopolitical developments will reduce supply over the long term.Mohr noted that the December 2019 oil futures contract is up [Read more]
Questfire Energy Corp. Announces 2014 Second Quarter Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month and six month periods ended June 30, 2014. Financial and Operating Highlights Three months ended June 30, Six months ended June [Read more]
Penn West Provides Update on Internal Review of Accounting Practices and Confirms that the Company’s Reserves Volumes and Values are not Impacted by the Accounting Practices Under Review
CALGARY, Aug. 26, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") today provides an update on the Audit Committee's review originally announced on July 29, 2014 and confirms that its reserves volumes and values are not impacted by the accounting practices under review. INTERNAL REVIEW UPDATE Penn West reports that the Audit Committee's review is ongoing and that it continues to work diligently and devote all necessary resources to [Read more]
Palliser Oil & Gas Corporation Reports Q2 2014 Financial and Operating Results/Updates Maha Transaction
CALGARY, Aug. 26, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three and six months ended June 30, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's [Read more]
Arcan Increases Second Quarter Production; Focuses on Cost Reductions and Debt Position
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) Arcan Resources Ltd. (TSX VENTURE:ARN) (Arcan or the Corporation) increased oil and natural gas production during the second quarter from the first quarter of 2014 and continued to focus on overall cost reductions and opportunities to address its debt position. "We continued to make progress towards increasing production, streamlining our operations and reducing operational costs in the second quarter," said Terry McCoy, Arcan's CEO. "Our [Read more]
Bonterra Energy Corp. Announces Receipt of CRA Notice of Reassessment for 2009 Taxation Year
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) has been notified by the Canada Revenue Agency (CRA) that Bonterra's 2009 taxation year has been reassessed related to the 2008 conversion of Bonterra Energy Income Trust to a corporation and the elimination of certain tax pools. The reassessment issued for 2009 disallows non-capital losses from prior years, and results in Federal Part 1 tax owing of $10,907,471 and arrears interest of [Read more]
Anterra Energy Announces Second Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Selected information presented below, should be read in conjunction with the Company's unaudited financial statements and related management discussion and analysis filed with the Canadian regulatory authorities and available on SEDAR at www.sedar.com and on [Read more]