CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today that it has entered into a binding agreement with Japan Canada Oil Sands Limited ("JACOS") and Nexen Energy ULC, a wholly owned subsidiary of CNOOC Limited ("Nexen"), to provide diluent transportation services for their jointly owned Hangingstone oil sands project. Under the initial term of the 20-year ship-or-pay agreement, Inter Pipeline will provide 7,000 barrels per day ("b/d") [Read more]
News
Suncor names Alister Cowan as Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Suncor Energy today announced the appointment of Alister Cowan as Executive Vice President (EVP) and Chief Financial Officer (CFO) effective July 21, 2014. Alister comes to Suncor from Husky Energy, where he had been CFO since 2008. As Suncor's CFO, Alister will direct financial operations including controllers, investor relations, treasury, tax, internal audit and enterprise risk management. "We are extremely pleased that Alister is [Read more]
Artisan Energy Completes Initial Closing of Convertible Debentures
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has completed a first closing of the previously announced brokered private placement of Convertible Debentures (the "Offering"), lead by Richardson GMP Limited. Artisan issued Convertible Debentures for net proceeds of $5.062 million ($5.362 gross proceeds less $300,000 paid in cash commissions). Net proceeds from this closing will be [Read more]
Zargon Oil & Gas Ltd. Announces Resignation of Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism, commitment and contributions to our company during the last 12 years and we wish him the very best in his future endeavors," said Craig Hansen, President [Read more]
Husky Energy Advises of Chief Financial Officer Resignation
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Husky Energy Inc. (TSX:HSE) advises that effective July 18, 2014, Alister Cowan, Chief Financial Officer, will be leaving the Company to pursue other interests. "We appreciate Alister's contribution to the Company during his tenure here and wish him every success in his future endeavours," said CEO Asim Ghosh. Husky is well-positioned to continue to execute on its balanced growth strategy. "We maintain a strong, investment-grade balance [Read more]
Oil rises above $107 as Iraq turmoil intensifies
The price of oil rose above US$107 Monday as violence worsened in Iraq with reports of a massacre by Islamic militants, raising fears of widening instability in the country, a key energy producer. The northern town of Tal Afar became the latest to fall to the militants, who have already captured a vast swath of territory including Iraq's second-largest city, Mosul. The militants, who on Sunday posted graphic photos of truckloads of Iraqi soldiers that they apparently captured and killed, vow [Read more]
Chinook Energy Announces Disposition of All of Its Tunisian Assets and Transformation to a Pure Domestic Oil and Gas Company
CALGARY, ALBERTA--(Marketwired - June 15, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") is pleased to announce that its wholly-owned subsidiary, Storm Ventures International (BVI) Limited ("Storm BVI"), has entered into an agreement to sell effective January 1, 2014 all of Chinook's Tunisian assets for US$127.7 million (including positive working capital of approximately US$13.7 million), subject to customary closing adjustments (the "Transaction"). Pursuant to the terms [Read more]
Northern Gateway opponents prepare for provincial referendum campaign
VANCOUVER - Resigned, perhaps, that federal government approval of the Northern Gateway pipeline is inevitable, opponents of the project are formulating a plan to make sure British Columbia's politicians remain opposed to the project. For months now, members of the Dogwood Initiative have been preparing for a provincial referendum akin to the vote that forced the Liberal government to repeal the harmonized sales tax in British Columbia.Should Ottawa give the pipeline the go-ahead by this [Read more]
Journey Energy Inc. Files Final Prospectus and Announces Pricing of Initial Public Offering
CALGARY, June 13, 2014 /CNW/ - Journey Energy Inc. ("Journey" or the "Company") is pleased to announce that it has filed a final long form prospectus (the "Prospectus") dated June 12, 2014, with the securities commissions of each of the provinces of Canada in connection with an initial public offering and secondary offering of its common shares (collectively, the "Offering"). The Prospectus qualifies the distribution of 16,500,000 common shares, of which 14,000,000 common shares will be issued [Read more]
Oil jumps to near $107 a barrel on Iraq violence
The price of oil rose again Friday, nearing $107 a barrel, as the growing crisis in Iraq fuels concerns that crude supplies from OPEC's second-largest producer could be hurt. Crude oil rose 38 cents, or 0.4 percent, to $106.91 a barrel. Oil prices rose more than $2 a barrel on Thursday and are up 4 percent this week. Oil prices hit 10-month highs after an al-Qaida-inspired group vowed to march on Baghdad after capturing two key Iraqi cities this week. However, the violence is mostly [Read more]