CALGARY, ALBERTA--(Marketwired - April 24, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of all of the outstanding common shares of Santonia Energy Inc. ("Santonia") pursuant to an arrangement (the "Arrangement") under the Business Corporations Act (Alberta). Under the Arrangement, which was approved by Santonia shareholders by greater than a 99% majority, Santonia shareholders received 0.03012 [Read more]
News
NEB Releases Final Audit Reports on TransCanada Pipelines Management Program
CALGARY, April 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released the final reports detailing its audit of TransCanada PipeLines Limited's (TransCanada) Safety Management, Emergency Management, Environmental Protection, Third Party Crossings and Public Awareness programs. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada [Read more]
WATCH: Self-described ‘Cowboys and Indians’ march against Keystone XL in Washington
Ranchers, farmers and aboriginal groups are protesting the Keystone XL pipeline together in Washington this week. The Obama administration has delayed a decision on the Alberta-Texas pipeline, possibly until next year. Watch the video courtesy Canadian Press: [Read more]
Delays haven’t soured Imperial on Keystone XL pipeline, but other options open
CALGARY - One of Canada's largest oilsands producers isn't soured on the proposed Keystone XL pipeline, despite news that the US$5.4-billion project has been delayed yet again."We think it's as important today as it was the day it was proposed. We think it's good for parties north of the border and parties south of the border," Imperial Oil Ltd. (TSX:IMO) CEO Rich Kruger said following the company's annual general meeting on Thursday.Last week, the U.S. State Department said it needed more time [Read more]
Fort Nelson mayor calls LNG summit expulsion ‘exploitation,’ apologizes
FORT NELSON, B.C. - Tempers are flaring in northern British Columbia over liquefied natural gas.Last week, the Fort Nelson First Nation expelled provincial government officials from its LNG summit over the province's decision to change environment assessment rules for gas plants.Now the municipal government of the Northern Rockies, which includes the city of Fort Nelson, says the decision to eject the officials was a "knee-jerk" reaction.In an open letter, Mayor Bill Streeper calls the expulsion [Read more]
Ferus Natural Gas Fuels Acquires Encana’s Share in Alberta LNG Plant
Opening in May 2014, the plant will play a key role in supplying low-cost, clean-burning LNG fuel to Western Canada's high horsepower industries. CALGARY, Alberta, April 24, 2014 /CNW/ - Ferus Natural Gas Fuels, Inc. (Ferus NGF), a North American leader in LNG and CNG fueling solutions, today announced it has completed the purchase of Encana Corporation's 50 percent interest in the Elmworth, Alberta 190,000-litre per day liquefied natural gas ("LNG") production facility, retaining key Encana [Read more]
Crescent Point to buy CanEra Energy in deal worth $1.1 billion, including debt
CALGARY - Crescent Point Energy Corp. (TSX:CPG) has signed an agreement to buy CanEra Energy Corp., a privately held oil and gas producer in southeast Saskatchewan, in a deal valued at $1.1 billion, including debt.CanEra's assets include a large land position in the Torquay area in Saskatchewan, where Crescent Point is active, and production of approximately 10,000 barrels of oil equivalent per day.Crescent Point president and chief executive Scott Saxberg said the deal complement's his [Read more]
Chinese-owned Nexen Energy says it’s replacing CEO Kevin Reinhart
CALGARY - Nexen Energy, the Calgary-based oil and gas company acquired last year by Chinese state-owned firm CNOOC Ltd., is replacing Kevin Reinhart as CEO.CNOOC made the decision because it wanted to bring in someone with "operational and technical depth," said spokeswoman Diane Kossman.Reinhart ushered Nexen through its contentious sale to CNOOC last year for $15.1 billion. He previously served as the company's chief financial officer.Prior to the takeover, announced in mid-2012, investors had [Read more]
Hyperion Exploration Corp. Announces Fourth Quarter and Year Ended December 31, 2013 Financial Results and Operations Update
CALGARY, ALBERTA--(Marketwired - April 24, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A) and Annual Information Form ("AIF") for the year ended December 31, 2013. The financial statements, MD&A and AIF will be available for review at www.sedar.com or www.hyperionexploration.com. Financial and Operational [Read more]
Irving Oil Completes Voluntary Conversion of its Crude Oil Railcar Fleet
SAINT JOHN, April 23, 2014 /CNW/ - Irving Oil confirmed today that it has completed the conversion of its proprietary fleet of crude oil railcars to the Association of American Railroads' (AAR) recommended specifications for DOT-111 railcars constructed after October 1, 2011. In February, Irving Oil announced it would voluntarily remove its older-model railcars from service no later than April 30, 2014. The completion of the fleet upgrade supports Transport Canada's announcement [Read more]