REGINA - A $2.7 billion investment into the Federated Co-Ops refinery complex in Regina should help boost how much oil the facility produces each day by about a third.Federated Co-Ops Ltd., which owns and operates the refinery, celebrated the official opening of the massive expansion project on Thursday.The expansion was built to process sweet synthetic crude, which is already partially upgraded in Alberta.Technically, section five at the facility started production last October, but the final [Read more]
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National Energy Board Responds to Gas Pipeline Rupture West of Fort McMurray, AB
CALGARY, Oct. 17, 2013 /CNW/ - The National Energy Board (NEB or Board) is responding to a pipeline rupture on the Nova Gas Transmission Ltd (NGTL) pipeline system 140 kilometres west of Fort McMurray, AB owned and operated by TransCanada Pipelines Ltd (TransCanada). The release was reported to the NEB early this morning. The size of the release has yet to be determined by the NEB. There is no immediate safety concern for local residents and precautions are being taken to ensure continued public [Read more]
Time to ‘seize the moment’ on pipelines, says ‘Seizing Canada’s Moment’ blueprint
OTTAWA - Of all the specific Conservative government promises and priorities cited in this week's speech from the throne, there was only one — building pipelines — that merited an urgent call to "seize the moment.""A lack of key infrastructure threatens to strand these resources at a time when global demand for Canadian energy is soaring," Gov. Gen. David Johnston recited as he laid out the Harper government's mid-mandate policy blueprint."We must seize this moment. The window for gaining access [Read more]
MAYHEM at NB shale gas protest
REXTON, N.B. - The RCMP say dozens of people were arrested after Molotov cocktails were thrown at officers and police vehicles torched Thursday when they began enforcing an injunction to end an ongoing demonstration against shale gas exploration in eastern New Brunswick. RCMP Const. Jullie Rogers-Marsh said at least five RCMP vehicles were destroyed after they were set ablaze and at least one shot was fired by someone other than a police officer at the site of the protest in Rexton. "The [Read more]
Chevron halts gas search in Romania after protests
BUCHAREST, Romania — Chevron says it has suspended searching for shale gas in northeast Romania following protests in the capital and the local area against hydraulic fracturing. The company said in a statement Thursday its priority was to “conduct these activities in a safe and environmentally responsible manner.” It said it had permits to start drilling for shale gas in the village of Pungesti. The statement came after hundreds protested Wednesday in a field where Chevron plans to launch [Read more]
TransCanada investigates natural gas pipeline leak in northern Alberta
CALGARY - The National Energy Board was investigating a leak in a TransCanada (TSX:TRP) natural gas pipeline in a remote corner of northwestern Alberta on Thursday."TransCanada has had a rupture on its NOVA gas transmission line system," said board spokeswoman Rebecca Taylor. "The pipeline is currently shut down and we have NEB inspectors currently en route to the location."Company spokesman Shawn Howard said a drop in pressure on the line, 140 kilometres west of Fort McMurray, was detected [Read more]
RedWater Enters Into Farmout Agreements to Tie-in Davey Lake Well
OKOTOKS, ALBERTA--(Marketwired - Oct. 17, 2013) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to announce that it has entered into farmout agreements with eight investors (collectively, the "Investors") for gross proceeds of $200,000 (collectively, the "Farmout Agreements") to tie-in its REC Davey 6-4-35-27 W4M oil well at Davey Lake in Alberta. Kyle Francis, the Chief Financial Officer and director of RedWater, and George Chan, a director of RedWater, are [Read more]
Enbridge’s Line 9B pipeline reversal could open up new markets for Ontario oil producers
Greater market choice would retain jobs and expertise in Ontario More stable oil prices will encourage additional exploration and development in Ontario OPI confident Enbridge will continue to operate Line 9B to the highest safety and environmental standards TORONTO, Oct. 17, 2013 /CNW/ - The Ontario Petroleum Institute, which represents Ontario light crude oil producers, appeared before the National Energy Board today in Toronto to explain why the reversal of flow of Enbridge's Line 9B is [Read more]
Pine Cliff Energy Ltd. Completes $20,020,000 Common Share Offering
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES Pine Cliff Energy Ltd. ("Pine Cliff" or the "Corporation") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced short form prospectus offering of 18,200,000 common shares (the "Common Shares") at a price of $1.10 per common share for gross proceeds of $20,020,000 (the "Offering"). The Offering was made [Read more]
Crescent Point Energy Announces Operational and Hedging Update and Upwardly Revised 2013 Guidance for Production
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2013) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) is pleased to announce that it has exceeded its 2013 exit production guidance, surpassing its target of 119,000 boe/d in September. "We've had an outstanding year so far. We've exceeded our targets all year through a very successful organic drilling program, continued outperformance of our core waterflood areas, as well as production results from our cemented liner [Read more]