CALGARY, ALBERTA--(Marketwired - April 21, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today released the following statement from Russ Girling, TransCanada's President and Chief Executive Officer, related to another process delay announced by the U.S. Department of State (DOS) April 18, 2014 with respect to the permitting process for Keystone XL. DOS said on April 18 that it will seek the input of eight federal agencies in the course of assessing the National Interest [Read more]
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Traverse Energy Ltd. Grants Stock Options
CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 975,000 common shares with an exercise price of $0.95 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,015,000. The Corporation is a junior oil and natural gas exploration and [Read more]
Shoreline Energy Corp. Announces Acceleration of Its Credit Facility
CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that it has received notice of acceleration from its lender under its credit facility (the "Notice"). The Notice provides that the lender intends to accelerate the repayment of approximately $20.6 million outstanding under the facility. Shoreline and its financial advisor RBC Capital Markets, and its legal counsel, Stikeman Elliot are working with the lender to [Read more]
Connacher Provides Q1 2014 Operational Update, AGM and Conference Call Details
CALGARY, April 21, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") provides the following operational update for the first quarter 2014 ("Q1 2014"). Production and Operations Based on field estimates, Connacher's Great Divide production for Q1 2014 averaged 13,400 bbl/d. Production was 18 per cent higher than the prior quarter (Q4 2013 - 11,400 bbl/d). On March 7, 2014 the Company experienced a natural gas supply pipeline leak at Algar. The Algar plant was [Read more]
Oil edges down but stays above $104 a barrel amid Ukraine jitters
BEIJING - The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine. U.S. crude for May delivery was down 12 cents at US$104.18 in electronic trading on the New York Mercantile Exchange after trading resumed following a three-day holiday weekend. The contract rose 44 cents to $104.30 in the previous session. Markets are on edge at the possibility of European or U.S. sanctions that might disrupt Russian supplies. Tensions were [Read more]
Alaska Legislature passes bill to advance major liquefied natural gas project
JUNEAU, Alaska - The Alaska Legislature has passed a bill setting the state's participation in a major liquefied natural gas project. The House voted 36-4 on the measure Sunday. The Senate later voted 16-4 to agree to the House changes. SB138, from Gov. Sean Parnell, would set state participation at about 25 per cent in a project also being pursued TransCanada, the Alaska Gasline Development Corp., and the North Slope's major players. It would allow the project to move to a stage of [Read more]
Suncor Energy reports employee fatality at its Oil Sands site
FORT MCMURRAY, ALBERTA--(Marketwired - April 20, 2014) - Suncor Energy regretfully reports there has been an employee fatality at its Oil Sands site on Sunday, April 20, 2014. Suncor emergency service personnel responded at approximately 11:30 a.m. when an employee was severely injured while working. The employee was immediately transported to the Northern Lights Regional Health Centre where he was pronounced deceased. Suncor is working with the appropriate authorities and will complete a [Read more]
No Keystone XL pipeline this year, following new delay
WASHINGTON - The Canadian government demanded an answer immediately on the long-delayed Keystone XL pipeline. It has now received a reply from the United States government that amounts to: Maybe next year. The project is now paralyzed for an indefinite period, with the U.S. administration Friday announcing another delay in a process already beset by political and legal challenges. The announcement made it clear that Canadian pipeline backers will not get the answer they wanted in time for [Read more]
Hawk Announces 2013 Annual Results and Filing of Reserves Data
CALGARY, April 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has filed on SEDAR its audited annual financial statements, and related management's discussion and analysis. The Corporation also filed its Annual Information Form for the period ended December 31, 2013 containing the Corporation's Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2013 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and [Read more]
Blackbird Energy and Pennant Energy Announce Closing of Business Combination
CALGARY, ALBERTA--(Marketwired - April 17, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that they have closed a plan of arrangement whereby Pennant has become a wholly-owned subsidiary of Blackbird. The consolidated entity is expected to carry on business as an oil and liquids focused emerging producer and will continue to trade on the TSX Venture Exchange (the "Exchange") under the name "Blackbird [Read more]