CALGARY, ALBERTA--(Marketwired - Sept. 20, 2013) - Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE:CQM) announces the following update on the Company's ALEX 102/16-11-56-27W4 well ("102/16-11 Well"). The 102/16-11 Well was initially drilled directionally to a depth of 1,287 meters in December, 2012 and has been standing after perforating the Detrital zone in February, 2013 with less than commercial results. Canadian Quantum and its partners [Read more]
News
Suncor Energy celebrates 10 years of operations at Firebag
CALGARY, ALBERTA--(Marketwired - Sept. 20, 2013) - Suncor Energy today marks a decade of operations at its Firebag in situ facility. Firebag, along with the company's MacKay River development, was one of the first to use the "steam-assisted gravity drainage" (SAGD) method of oil sands recovery. In addition to being one of the first, Firebag remains one of the most productive SAGD facilities in the industry. SAGD involves drilling horizontal well pairs. The top well injects steam [Read more]
Manitoba wants brakes on plan to ship oil north
WINNIPEG - The Manitoba government says a rail company's plans to start transporting oil across hundreds of kilometres of remote rail line built on permafrost is too risky to the environment and the safety of those who live in the north. NDP Transportation Minister Steve Ashton said in light of the deadly train derailment in Lac Megantic, Que., earlier this year, Manitoba can't support the shipment of crude oil through its fragile northern environment to the port in Churchill."Lac Megantic was [Read more]
‘Tremendous’ uncertainty for OPEC, consultant tells Global Business Forum
BANFF, Alta. - The Organization of Petroleum Exporting Countries is facing a period of "tremendous" uncertainty, which could have a major impact on the global economy, according to a veteran oil industry consultant.In his 35 years watching oil markets — for Saudi Aramco, ExxonMobil, and now as an independent consultant — Yousuf Habib said he's never seen the "confluence of factors" that's adding to the uncertainty he sees over the horizon for the cartel of 12 major global oil [Read more]
BC premier meets with northern leaders about LNG revenue sharing deal
VANCOUVER - Municipal politicians in British Columbia's North are facing the exact opposite problem that beset them only a few years ago, as the forestry industry declined.Instead of worrying about sluggish economic growth and a fleeing tax base, they are now concerned about overcrowded hospitals, not enough schools and old, over-stretched infrastructure as a new gold rush of liquefied natural gas development promises a population explosion.Premier Christy Clark gathered several northern [Read more]
Novus Energy Inc. is saddened to announce the passing of John M. (Jack) Lane
CALGARY, Sept. 20, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is saddened to announce that it's Vice President of Operations, Mr. John M. (Jack) Lane has passed away after a brief illness. Mr. Lane will be deeply missed by his friends and colleagues at the Company. The Board of Directors, management and staff of Novus wish to express their gratitude for the valuable contributions Mr. Lane made in helping to build Novus, and wish to provide their sincere condolences [Read more]
Crew Energy Inc. Comments on AESRD Press Release
CALGARY, ALBERTA--(Marketwired - Sept. 19, 2013) - In response to the Alberta Environment and Sustainable Resource Development ("Department") Press Release dated September 19, 2013, Crew Energy Inc. (TSX:CR) confirms it is in receipt of an enforcement order, dated September 12, 2013, to restore and reclaim a surface lease in the Suffield area of Alberta. The lease is approximately 600 metres from a ferruginous hawk nest built on a man-made structure (windmill). The regulated setback of an active [Read more]
Oliver says Canada needs to take advantage of world markets for LNG
CALGARY - Federal Natural Resources Minister Joe Oliver says Canada risks missing the boat if it doesn't get its act together soon and take advantage of long-term opportunities in liquefied natural gas exports."All of Canada's natural gas exports are currently to the United States, a country that will require less Canadian gas in the future," said Oliver, in a speech to the Canada LNG Export Forum Thursday."Therefore we must reach new markets in countries that urgently need energy to generate [Read more]
Alberta govt orders Crew Energy to stop operating an oil well near endangered Hawks
SUFFIELD, Alta. - The Alberta government has swooped down on an oil company that 'violated' regulations by operating a well too close to endangered Hawks. The province says it has ordered Calgary-based Crew Energy Inc. to stop operating an oil well near Suffield in southern Alberta. The government says the well is too close to a nest of ferruginous hawks, which are protected under the federal Species At Risk Act. The province says it has also cancelled the company’s mineral surface [Read more]
Ex-Halliburton manager charged with destroying evidence in 2010 oil spill
NEW ORLEANS (AP) -- A former Halliburton employee has been charged with destroying evidence following BP's 2010 oil spill in the Gulf of Mexico. Anthony Badalamenti, who had been the cementing technology director for Halliburton Energy Services Inc., was charged in federal court Thursday with instructing two other employees to delete data during a post-spill review of the cement job on BP's blown-out well. The 61-year-old Badalamenti of Katy, Texas, is charged in a bill of information, [Read more]