WASHINGTON - The Obama administration says a court decision has forced it to examine whether the Keystone XL pipeline process might have to be delayed once again. A senior official said Friday that numerous lawyers were examining the ruling handed down earlier this week in Nebraska for its possible impact. "I know that lots of lawyers are looking at what the implications of it may be on our process. Nebraska has its own process that it has to go through," said Roberta Jacobson, the [Read more]
News
Tuscany Energy Ltd. Announces Proposed 2 for 1 Stock Split
CALGARY, ALBERTA--(Marketwired - Feb. 21, 2014) - Tuscany Energy Ltd. ("Tuscany" or the "Corporation") (TSX VENTURE:TUS) announces that its Board of Directors has approved a proposed two (2) for one (1) stock split of its outstanding common shares. Tuscany believes the stock split will enhance the liquidity of the common shares and more closely align its capital structure with that of its peers. The stock split is subject to the approval of the TSX Venture Exchange and the approval of not less [Read more]
Enerplus Exceeds Operating & Financial Targets for 2013
CALGARY, Feb. 21, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results. 2013 KEY TAKEAWAYS: Funds flow per share grew by 14% Production grew by 9%, exceeding guidance in spite of non-core asset sales Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production Capital spending, operating costs and general and administrative costs [Read more]
Cequence Energy announces 24% growth in reserves and Ansell update
CALGARY, Feb. 21, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: "CQE") is pleased to announce its 2013 year end reserves and an update of its preliminary drilling results at its Ansell property. Reserve Highlights Cequence's 2013 year end reserves reflect a continued successful delineation of its Simonette property in the Deep Basin of Alberta. The growth in reserves further substantiates management's views that the Company's assets contain significant resource [Read more]
NEB Approves Jordan Cove LNG Natural Gas Export License
CALGARY, Feb. 20, 2014 /CNW/ - The National Energy Board (NEB or Board) approved an application for a 25 year natural gas export licence to Jordan Cove LNG L.P. (Jordan Cove LNG) to export natural gas. The license is for a maximum term amount of 442.68 109 m3. The approved export points are existing natural gas pipelines that cross the Canada/US border near Kingsgate and Huntingdon, BC. Issuance of the licence to export natural gas is subject to the approval of the Governor in Council [Read more]
SaskPower delays carbon capture project
REGINA - SaskPower says its highly touted carbon capture and storage project at the Boundary Dam power station near Estevan will not be ready on time. It was supposed to start storing some of the carbon emitted from the coal-fired power plant in April. The Crown corporation says the carbon capture facility is ready, but there have been some unexpected findings on the power plant side. The plant is being rebuilt and the utility says there have been some design changes and retrofitting [Read more]
Oil down on falling Chinese factory activity
The price of oil slipped below US$103 a barrel Thursday after a report indicated that manufacturing in China, the world's second-biggest economy, shrank again in February. Benchmark West Texas Intermediate crude for March delivery fell 39 cents to close at US$102.92 a barrel on the New York Mercantile Exchange on the last day of trading for the contract. Crude for April delivery fell nine cents to close at US$102.75. Oil prices fell after a monthly survey by HSBC found that China's [Read more]
Inter Pipeline Announces Record 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Feb. 20, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today record financial and operating results for the three and twelve month periods ended December 31, 2013. 2013 Highlights Acquired Pipeline Assets Corp., the former owner of Inter Pipeline's general partner, and subsequently completed conversion from a limited partnership structure to a dividend paying corporation Generated funds from operations* of $473 million, a new annual [Read more]
Keystone XL pipeline dealt setback in court
WASHINGTON - Not even the U.S. president can save the Keystone XL pipeline project now — at least not by himself. The long-delayed plan suffered a major setback Wednesday when a Nebraska district judge ripped up a state law that could have forced landowners to allow the pipeline through their property. The ruling opens up the prospect of more regulatory hurdles, complicated negotiations with landowners, legal fights and fresh delays, regardless of whether or not Barack Obama ever approves [Read more]
Arctic reindeer reserve eyed for oil and gas
OTTAWA - Tracts of land that had been set aside for reindeer grazing in Canada's North have instead been offered up by the Conservative government for oil and gas exploration, newly released documents show. Companies interested in obtaining petroleum exploration rights in the Mackenzie Delta and Beaufort Sea region of the Northwest Territories were asked last year to nominate blocks of land that they wanted to see included in a subsequent call for bids. Reindeer-grazing reserves near the [Read more]