CALGARY, Alberta and HONG KONG, April 6, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its strategic financial plans outline for the second quarter of 2014. Strategic and Financial Plans Sunshine's activities in examining strategic and financing alternatives remain ongoing. As a priority, the Corporation is actively progressing focused initiatives to secure financing to recommence construction on its first West Ells 10,000 [Read more]
News
Oil prices rise after US jobs report, but end slightly lower for the week
Oil prices rose slightly Friday after a monthly U.S. jobs report showed stronger hiring in the U.S. in recent months. Benchmark U.S. crude for May delivery rose 85 cents to close at $101.14 a barrel in New York. For the week, the contract fell 53 cents. The price has vacillated around $100 per barrel for most of the past month. Brent crude, used to set prices for international varieties of oil used by many U.S. refiners, rose 57 cents to close at $106.62 a barrel in London. The U.S. [Read more]
Seven Generations Announces Closing of C$633 Million Secondary Offering
CALGARY, April 4, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") announces the closing of a C$633 million secondary offering of common shares by certain of its founding major shareholders (the "Selling Shareholders") at a price of C$25.00 per share to a group of institutional investors. The Selling Shareholders, which consist of funds managed by ARC Financial, KERN Partners, Natural Gas Partners and ZBI Ventures, continue to hold approximately 31% of the common shares of the [Read more]
Blackbird Energy and Pennant Energy Announce Shareholder Approval of Proposed Business Combination
CALGARY, ALBERTA--(Marketwired - April 4, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that shareholders of Pennant have approved the proposed business combination of Blackbird and Pennant (the "Transaction") at the meeting of shareholders of Pennant held on April 4, 2014, with 98.5% of the Pennant shareholders appearing at the meeting voting in favour of the Transaction. "Blackbird has taken [Read more]
Missouri lawmakers target Obama with pro-Keystone resolution
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers have passed a resolution encouraging President Barack Obama’s administration to approve a proposed oil pipeline route through the middle of the United States. The Senate approved the measure endorsing the Keystone XL pipeline with a 24-5 vote on Thursday. The same resolution passed the House earlier this year. Obama told a group of governors at a White House meeting in February that he expects to make a decision on the project’s future in a [Read more]
Quattro Issues Management Options
CALGARY, ALBERTA--(Marketwired - April 4, 2014) - Quattro Exploration And Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) announces the grant of 1,100,000 stock options to certain directors, officers, employees and consultants issued pursuant to the Company's stock option plan. The options vest over a 2 year period, are exercisable at a price of $0.40 per share and expire on April 3, 2019. The shares issuable upon exercise of the options may not be traded for 4 months and one day [Read more]
Justin Trudeau visits oil country, slams Tories, slams Harper, slams Canada’s environmental record
FORT MCMURRAY, Alta. - The leader of the federal Liberals says Canada is losing the credibility needed to secure approval for projects such as the Keystone XL pipeline because of its environmental record. Justin Trudeau says the idea that a government would have to choose between what's good for the economy and what's good for the environment is "an old way of thinking that no longer applies in the 21st century." He also slammed the Harper government for ignoring the environmental concerns [Read more]
Oil rises above $100 a barrel on anticipation of improved US jobs report; natural gas jumps
The price of oil rose as traders anticipated positive news in the monthly U.S. jobs report.Benchmark U.S. crude for May delivery gained 67 cents Thursday to close at $100.29 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of oil, rose $1.36 to $106.15 a barrel on the ICE exchange in London.The Labor Department releases its March employment report Friday. Economists project that employers added 191,000 workers last month, according to a [Read more]
Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions
CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101. Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014. The summary information that follows has been derived [Read more]
Anadarko to pay US government $5.15 BILLION to settle pollution case
WASHINGTON (AP) -- The federal government on Thursday reached a $5.15 billion settlement with Anadarko Petroleum Corp., the largest ever for environmental contamination, to settle claims related to the cleanup of thousands of sites tainted with hazardous chemicals for decades. The bulk of the money - $4.4 billion - will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination. The settlement resolves a legal battle over Tronox Inc., a spinoff of [Read more]