CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") is pleased to announce the appointment of Mr. Ronald J. Peshke as President, and as a member of the Company's board of directors (the "Board"), effective immediately. Mr. Daniel T. Wilson, the outgoing President, will remain heavily involved with the Company as Chief Executive Officer and Chairman of the Board. The Board would like to thank Mr. Wilson for his service as [Read more]
News
Oil down on weaker US, China data
NEW YORK - The price of crude oil dropped Monday in the wake of reports showing weaker manufacturing activity in the United States and China. Benchmark West Texas Intermediate crude for March delivery dropped $1.06 to close at US$96.43 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties, fell 36 cents to US$106.04 on the ICE exchange in London. A Chinese manufacturing index reported Saturday by a government-affiliated agency fell 50.5 [Read more]
White House: don’t ask for Keystone timeline
WASHINGTON - The Obama administration is resisting pressure to offer a clear timeline for a decision on the Keystone XL pipeline. Attacks from partisan opponents and questions from U.S. media are being met with the same response: don't expect a date now for a decision on whether the pipeline goes ahead. There were about a dozen questions on the subject at the daily White House press briefing Monday. On the Senate floor, the top Republican in the chamber demanded approval of the project [Read more]
Renegade Petroleum Ltd. Announces Closing of $32.5 Million Non-Core Asset Disposition
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce the successful closing of the previously announced disposition of certain non-core oil and gas assets in southeast Saskatchewan (the "Disposition Assets") for gross proceeds of $32.5 million (the "Disposition"). The Disposition Assets represent approximately 350 barrels of oil and natural gas liquids production per day. The Company allocated minimal [Read more]
Shoreline Settles Wattenburg Title Dispute
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that it has reached a conditional settlement in its Wattenburg working interest land title dispute (the "Settlement"). Pursuant to the Settlement, Shoreline has agreed to reduce its interests in certain lands producing from horizontal wells and in exchange will receive additional land ownership in certain lands currently producing from vertical wells, with [Read more]
Husky Moves Forward with Heavy Crude Oil Flexibility Project at Lima Refinery
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Husky Energy (TSX:HSE) has sanctioned a new crude oil flexibility project at its refinery in Lima, Ohio, which will allow for the processing of up to 40,000 barrels per day (bbls/day) of heavy crude feedstock from Western Canada starting in 2017. The estimated cost of the upgrade to the Husky Lima Refinery is approximately $300 million and will provide an efficient and cost-effective way to process a greater variety of crudes. The project [Read more]
Questerre Spuds 100% Well in Kakwa
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has recently spud a 100% working interest well in the Kakwa-Resthaven area of west-central Alberta. Michael Binnion, President and Chief Executive Officer of Questerre commented, "This well will test the liquids rates from our south Kakwa acreage. After our 09-01 Well which confirmed high pressure gas rates, we are looking forward to the [Read more]
GE, Suncor form dust-busting partnership for oilsands access roads
CALGARY - The dust clouds made it difficult to see and breathe as the big trucks rumbled along access roads at Suncor Energy Inc.'s MacKay River oilsands site. Suncor's traditional dust control strategy of spraying water from a truck just wasn't working. In fact, it was an act of futility. On a hot summer day, the liquid would evaporate within 15 minutes. So Canada's largest energy company (TSX:SU) enlisted the help of General Electric to get its dust problem under control using a glue of [Read more]
TransCanada pleased Keystone XL review
CALGARY - TransCanada says it's pleased with the U.S. State Department's latest report into its controversial Keystone XL oil pipeline proposal, but acknowledges there's some ways to go before it can go ahead with construction. CEO Russ Girling says the report supports many of TransCanada's arguments in favour of the 830,000-barrel-per-day line when it comes to jobs, environmental protection and the line's impact on the pace of oilsands development. But he says the process is far from over [Read more]
What is being said about the Keystone report
WASHINGTON - A look at reaction to the U.S. State Department's environmental impact report on TransCanada Corp.'s (TSX:TRP) proposed Keystone XL pipeline: "This has been a lengthy and thorough review process. The benefits to the United States and to Canada are clear. We await a timely decision on this project." — Natural Resources Minister Joe Oliver. ——— "There is a simple question that needs to be answered: Is this pipeline in America's national interest. From our perspective, from an [Read more]