CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - Angle Energy Inc. (TSX:NGL) ("Angle" or the "Company") today provided an update on its third quarter operations to September 23, 2013. Angle continues to execute its Cardium development drilling program in Harmattan and Ferrier, and has successfully applied slick-water fracturing technology on a well in its Harmattan Mannville pool. HIGHLIGHTS Corporate production for the third quarter is estimated to be [Read more]
News
BC offers $116 million LNG royalty credits
VICTORIA - The B.C. government is offering royalty credits of almost $116 million to help companies build roads and pipelines for the natural gas industry in the province's northeast.The announcement comes on the same day as the release of a major environmental report urging the government to stick to its pledge to build the cleanest liquefied natural gas industry in the world.The Tides Canada report says the current plans by the LNG industry would will emit three-times more carbon into the [Read more]
Pembina Pipeline Corporation Announces $150 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL)(NYSE:PBA) announced today that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase from Pembina 6,000,000 cumulative redeemable rate reset class A preferred shares, [Read more]
Oil falls toward $104 a barrel as Syria risk fades
The price of oil slipped closer to $104 a barrel Monday despite positive economic news out of China and Europe, as the risk premium associated with the Syrian crisis diminished. By early afternoon in Europe, benchmark oil for November delivery was down 34 cents to $104.41 in electronic trading on the New York Mercantile Exchange. On Friday, the now expired contract for October delivery dropped $1.72 to close at $104.67. Analysts said the apparent progress being made in the elimination of [Read more]
Keystone foes celebrate barn in project’s path
YORK, Neb. — Opponents of the Keystone XL oil pipeline celebrated the completion of a barn built in the project’s expected path on Sunday while U.S. officials continue to weigh whether to approve the pipeline. Pipeline opponents planned several events to thank volunteers and mark the completion of the solar- and wind-powered barn. Billionaire investor and philanthropist Tom Steyer was scheduled to speak at Sunday’s dedication ceremony. Steyer has spent more than $2 million fighting the [Read more]
CN, feds eyeing oil by rail to Prince Rupert, B.C., in same quantity as Gateway
OTTAWA - CN Rail, at the urging of Chinese-owned Nexen Inc., is considering shipping Alberta bitumen to Prince Rupert, B.C., by rail in quantities matching the controversial Northern Gateway pipeline, documents show.Internal memos obtained by Greenpeace under the Access to Information Act show the rail carrier raised the proposal last March with Natural Resources Canada."Nexen Inc. is reportedly working with CN to examine the transportation of crude oil on CN's railway to Prince Rupert, B.C., to [Read more]
Debate over fracking heats up on Newfoundland west coast
ST. JOHN'S, N.L. - Alberta resident Jessica Ernst is warning Newfoundland about the risks of hydraulic fracturing, saying she blames the contentious fracking process for making her well water flammable."It does ignite like a blow torch," she said from her rural home near Rosebud, Alta. "It's too dangerous to even use to flush toilets. One spark could cause the gas to ignite and cause a serious explosion."Ernst will visit Stephenville, N.L., on Sunday to convey what she says is a cautionary tale [Read more]
Power dip forces Edmonton refineries to flare gas, smoke prompts air quality advisory
EDMONTON - Health officials in northern Alberta have issued an air quality advisory after a power failure forced refineries in the Edmonton area to flare off extra gas, creating clouds of thick black smoke.Alberta Health Services says the advisory is precautionary, and applies to people with pre-existing respiratory conditions such as asthma, or heart conditions.Good, clean #Edmonton refinery air blowing straight into Sherwood Park. #yeg #shpk #oilsands #oilandgas [Read more]
Peyto Exploration & Development Corp. Reports Threat of Class Action Lawsuit as A Successor to New Open Range
CALGARY, ALBERTA--(Marketwired - Sept. 20, 2013) - Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) reports that it has received correspondence from a law firm representing two shareholders of Poseidon Concepts Corp. ("Poseidon") advising that such counsel has been instructed to finalize and file an application to seek leave of the Alberta Court of Queen's Bench (the "Court") to pursue a class action lawsuit against Peyto, as a successor to new Open Range Energy Corp. ("New Open [Read more]
North West Redwater Partnership Celebrates Breaking Ground on Phase 1 of Sturgeon Refinery
CALGARY, Sept. 20, 2013 /CNW/ - North West Redwater Partnership (NWR), a partnership between North West Upgrading Inc. (NWU) and Canadian Natural Upgrading Limited (CNUL), a wholly owned subsidiary of Canadian Natural Resources Limited (Canadian Natural), today celebrated the recent ground-breaking of the Sturgeon Refinery, located in the Alberta Industrial Heartland. The event took place at the future site of the refinery, and included speeches from the Honourable Alison Redford, Premier [Read more]