VANCOUVER - British Columbia's minister of natural gas development says a commitment by a Malaysian national company to build a liquefied natural gas plant in B.C. and investment by other countries suggests the province isn't chasing an LNG pipe dream.Rich Coleman will leave Friday for Malaysia, South Korea and China to promote what he calls B.C.'s competitive advantage when it comes to the LNG industry.Coleman says B.C.'s abundant natural gas supply could provide Asia's needs for 84 years [Read more]
News
Environmental group says some Albertans want tougher cold heavy oil regulations
PEACE RIVER, Alta. - An environmental group says some Albertans want tougher rules for oilsands producers that operate close to where people live. Ecojustice says some people in northwest Alberta have moved away from their homes because of health concerns about an extraction process called cold heavy oil production. The group made the comments Monday as the Alberta Energy Regulator held a public meeting in Peace River to set the scope for an inquiry that will look into their [Read more]
Shell survey reveals Canadians want more innovation & collaboration in building future energy solutions
Just under seven out of 10 Canadians rate future of energy needs as a very important issue VANCOUVER, Oct. 7, 2013 /CNW/ - The results of a new Shell survey, "Future of Energy" conducted by Ipsos, which identifies key issues and challenges in meeting global energy needs, was released today at Shell's Canadian Innovation Summit in Vancouver. Among the key findings: 68 per cent of Canadians think that the future of energy is a very important issue, and this is higher among women and those [Read more]
Strategic Oil & Gas Ltd. Closes $30,820,125 Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Pursuant to the Offering, the Company has issued 12,650,000 common shares (the "Common Shares") at a price of $0.95 per Common Share and 15,454,545 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through Shares") at a [Read more]
Oil falls below US$103 a barrel as Gulf storm passes, US debt deadline nears
The price of oil fell below US$103 a barrel Monday as a partial U.S. government shutdown entered a second week and crude production in the Gulf of Mexico got back on track after a storm system passed through. By early afternoon in Europe, benchmark crude for November delivery was down $1.03 to US$102.81 a barrel in electronic trading on the New York Mercantile Exchange. The contact rose 53 cents to close at $103.84 on the Nymex on Friday. The U.S. was forced to curtail government [Read more]
After First Nations band accuses BC Govt of violating international law by issuing Enbridge permits, United Nations shows up to investigate!
After releasing the press release "First Nations Accuse BC Government of Violating International Law by Issuing Enbridge Permits; Call on United Nations Special Rapporteur to Investigate", a UN representative actually arrived in Canada to examine the plight of the aboriginal people in Canada. The UN has dispatched law professor James Anaya to speak to First Nations representatives and government officials as he drafts a report for the world body. "The idea is to get a first-hand view of [Read more]
Paramount Resources Ltd. Announces Flow-Through Share Offerings Totaling Approximately $60 Million
CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Paramount Resources Ltd. ("Paramount") (TSX:POU) has entered into an agreement to sell, through a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co. Limited, on a guaranteed agency basis, 1,115,000 Class A Common Shares of Paramount to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS will be [Read more]
Palliser Oil & Gas Corporation Provides Operation Update
CALGARY, Oct. 7, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to provide an operations update. The Company continues to focus its abilities on expanding production shipped by rail. The Company completed the construction of a clean oil treating facility in the third quarter which is estimated to increase the Company's capacity to ship approximately 75% of corporate production by rail, up from its previous capacity of approximately [Read more]
Enbridge set to make its case for Line 9
TORONTO - Under fields, past homes and across waterways, a pipeline has run through one of Canada's most populous corridors for nearly four decades, quietly pumping oil between southern Ontario and Montreal.While it hasn't generated much national attention in the past, Line 9 is now being thrust into the spotlight as the company that operates it seeks approval to reverse its flow and increase its capacity.On one side of the debate that will take place before the National Energy Board in Montreal [Read more]
It’s Alberta’s prerogative to say who speaks at oilsands reviews: Redford
EDMONTON - Alberta's premier says it's still her government's prerogative to make sure the review process for oilsands projects doesn't get bogged down by interveners who aren't directly impacted by what's being proposed. Alison Redford was responding to a ruling earlier this week by Court of Queen's Bench Justice Richard Marceau. Marceau found that the Environment Department bureaucrats contravened their own laws by enacting a shadow policy to stop the Oil Sands Environmental Coalition [Read more]