FORT MCMURRAY, ALBERTA--(Marketwired - May 7, 2014) - Suncor Energy regretfully reports an employee was the victim of a bear attack this afternoon at our Oil Sands base plant approximately 25 kilometres north of Fort McMurray. The employee was pronounced deceased on the scene. The RCMP along with Alberta Environment and Sustainable Resource Development (AESRD) - Fish and Wildlife Division responded to the scene and the animal was put down. "We are shocked by this very unusual incident and [Read more]
News
Legacy Oil + Gas Inc. announces deleveraging light oil corporate acquisition and increase to 2014 guidance
CALGARY, May 7, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce the acquisition of Highrock Energy Ltd. ("Highrock"), a Saskatchewan based private light oil company (the "Acquisition"), and an increase to Legacy's average and exit production guidance for 2014. The Acquisition represents the first step in enhancing the Company's balance sheet to position the Company for higher production and funds flow from operations growth. SUMMARY OF THE [Read more]
Senate Democratic leader blocks Keystone XL pipeline vote as talks on energy bill fail
WASHINGTON - A bid by supporters of the proposed Keystone XL oil pipeline to force a vote on the controversial project fell apart Wednesday amid partisan bickering over how the vote should be conducted.Senate Majority Leader Harry Reid, D-Nev., used a parliamentary manoeuvr to block a bid by pipeline supporters to include the pipeline measure in an energy efficiency bill moving forward in the Senate. Republicans also were seeking an amendment to prevent the Environmental Protection Agency from [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Three Months-Ended March 31, 2014 and Webcast of the Annual Meeting of Shareholders
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the three months-end March 31, 2014 and webcast of the annual meeting of shareholders. Financial and Operating Highlights Reported sales volumes for the first quarter of 2014 were 33,135 Boe/d as compared to 33,561 Boe/d for the previous quarter. First quarter natural gas liquids sales volumes increased 9 percent to 5,518 Boe/d from [Read more]
Enbridge CEO Sees Opportunities in Changing Energy Landscape
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) is well positioned to respond to an evolving energy landscape, President and Chief Executive Officer Al Monaco told shareholders during Enbridge's annual general meeting today in Calgary. Growing global demand for energy and increased North American supply have stretched existing energy infrastructure and are driving the need for new pipeline capacity to coastal markets, Mr. Monaco said. "North America needs [Read more]
Crude oil price rises above US$100 a barrel on surprise fall in stockpiles
The price of oil rose above US$100 a barrel Wednesday on a surprise decline in U.S. supplies and the continuing conflict in Ukraine.Benchmark West Texas Intermediate crude for June delivery rose $1.27 to close at US$100.77 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international varities used by many U.S. refineries, rose $1.07 to close at US$108.13 a barrel in London.The U.S. Energy Department reported Wednesday that American crude oil stocks fell by 1.8 million [Read more]
Raging River Exploration Inc. Announces First Quarter Operating and Financial Results, Increased 2014 Guidance and Expanded Credit Facilities
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three months ended March 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim financial statements and the related management, discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's website [Read more]
Crew Energy Inc. Announces First Quarter 2014 Financial and Operating Results and Updates Its Montney Resource Evaluation
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three month period ended March 31, 2014. Highlights Funds from operations in the first quarter increased 52% over the first quarter of 2013 and 8% over the prior quarter to $51.8 million while the funds from operations netback increased by 40%; Funds from operations per diluted share increased 50% over [Read more]
Tourmaline Enjoys Record Cash Flow and Earnings in the First Quarter of 2014
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce record financial and operating results for the first quarter of 2014. Highlights Record cash flow(1) of $252.6 million in the first quarter of 2014, a 117% increase over first quarter 2013 cash flow of $116.6 million. First quarter 2014 earnings of $89.9 million, a 72% increase over first quarter of 2013. Record first quarter 2014 average production of [Read more]
BlackPearl Announces First Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2014. Highlights include: The Board of Directors sanctioned development of the Onion Lake thermal project in Saskatchewan and construction began on the first 6,000 barrel per day phase of the project; target date for completion of construction and first steam is [Read more]