CALGARY, ALBERTA--(Marketwired - April 9, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce the successful completion of an acquisition of certain strategic Montney liquids rich natural gas properties in northeast British Columbia for approximately $105 million. The acquired assets include 75 net sections of land that are either contiguous with existing Crew land or increase Crew's working interest in joint interest lands. An updated map of [Read more]
News
Oil above US$103 a barrel on Ukraine unrest; traders shrug off supply increase
The price of crude oil rose to a five-week high Wednesday amid unrest in eastern Ukraine, even as a report showed a large rise in U.S. supplies. Benchmark West Texas Intermediate crude for May delivery gained $1.04 to close at US$103.60 on the New York Mercantile Exchange. The contract, which gained $2.12 on Tuesday, last closed above $103 on March 4. Brent crude, used to set prices for international oil varieties, rose 31 cents to US$107.98 on the ICE Futures exchange in [Read more]
Petrolia boss says he’ll honour deal with Quebec to drill for oil on Anticosti
MONTREAL - Premier-designate Philippe Couillard may not be keen on the idea but Petrolia is ready to proceed with the former Parti Quebecois government's deal to explore Anticosti Island. Petrolia (TSX:PEA) president Myron Tetreault said during a speech to a Montreal business group today the oil company would respect agreements recently signed with Pauline Marois's government. Couillard had said during the election campaign he would like to see exploratory drilling suspended until a [Read more]
CEPA Launches the Regulatory Roadmap to Improve Canadians’ Literacy About How Pipelines Are Regulated
CALGARY, ALBERTA--(Marketwired - April 9, 2014) - The Canadian Energy Pipeline Association (CEPA) is pleased to launch The Regulatory Roadmap, the latest component of its about pipelines program aimed at improving literacy regarding the transmission pipeline industry among Canadians. Now available on the CEPA website, The Regulatory Roadmap is an interactive, multi-media program that sheds light on the complexities of pipeline regulation in Canada. Pipeline regulators in Canada are in the [Read more]
Edge Resources Inc. Achieves Production and Revenue Milestones
CALGARY, ALBERTA--(Marketwired - April 9, 2014) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is very pleased to provide a further update following the Company's operational update released on March 3, 2014. Total field production is currently over 750 boepd and has exceeded this rate since the second week of March. Importantly, production from the Company's newest CHOPS ("Cold Heavy Oil Production with Sand") oil wells continues to increase and the Company's total [Read more]
Pan Orient Announces 2013 Year-End Heavy Oil Resources for Sawn Lake, Alberta Project of Andora Energy Corporation
CALGARY, ALBERTA--(Marketwired - April 9, 2014) - Pan Orient Energy Corp. (TSX VENTURE:POE), on behalf of its 71.8% owned subsidiary Andora Energy Corporation ("Andora"), is pleased to release the December 31, 2013 National Instrument 51-101 compliant resource evaluation for Andora's oil sands project at Sawn Lake Alberta, Canada, as evaluated by Sproule Unconventional Limited ("Sproule"). The evaluation included all of Andora's Oil Sands Leases in Sawn Lake based on exploitation using Steam [Read more]
Former PM Brian Mulroney appeals for fearless leadership on resource agenda
OTTAWA - Brian Mulroney says the country needs risk-taking leadership to get domestic oil and gas moving overseas, as well as a plan to work co-operatively and bring Canadians onside.The former Tory prime minister's remarks Tuesday, in a speech organized by the progressive think tank Canada 2020, come as major pipeline projects languish in limbo.They have been stymied largely by opposition from First Nations, environmentalists and ordinary Canadians concerned with the impact on their [Read more]
Crude jumps above $102 a barrel on Ukraine unrest, lower forecast for US output
The price of oil climbed above US$102 a barrel Tuesday, supported by renewed unrest in eastern Ukraine and a lowered domestic production forecast from the U.S. Energy Department. Benchmark West Texas Intermediate crude for May delivery gained $2.12, or 2.1 per cent, to US$102.56 a barrel on the New York Mercantile Exchange, its highest closing price since March 7. Brent crude, used to set prices for international oil varieties, rose $1.85 to US$107.67 on the ICE Futures exchange in [Read more]
Century Energy Ltd. Announces Agreement to Sell Vawn Assets
CALGARY, ALBERTA--(Marketwired - April 8, 2014) - Century Energy Ltd. ("Century") (TSX VENTURE:CEY) announces the sale of the Vawn Heavy Oil assets, subject to shareholder and regulatory approval. Century has entered into a sale and conveyance agreement with an arm's length party of its right, title, estate and interest in and to the Vawn Heavy Oil assets located in the Edam area of Saskatchewan for cash consideration of $475,000. Following closing of the transaction, Century plans to seek [Read more]
Surge exceeds 2014 exit rate; announces large new crude oil discovery; upward revision to 2014 exit rate
CALGARY, April 8, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY: TSX) announced today that, based upon better than anticipated first quarter 2014 development drilling results, a large new crude oil discovery in SW Saskatchewan, and excellent results from several of the Company's ongoing waterflood projects, Surge has already exceeded the Company's 2014 year end production exit rate. Accordingly, Surge is now revising upward the Company's 2014 year end production estimate from [Read more]