CALGARY, Oct. 12, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "AOC") has, due to increased operational activities and responsibilities, created the position of chief operating officer, in charge of all operations, both operating asset areas (Light Oil and Thermal Oil), in addition to all technical functions. The Board of Directors has appointed Rob Broen to this position effective immediately. Mr. Broen joined Athabasca in November, 2012 as senior vice president Light Oil [Read more]
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Terra Energy Announces Extension to Lending Facility
CALGARY, ALBERTA--(Marketwired - Oct. 11, 2013) - Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") announces the extension of the existing lending facility (the "Facility"). The Company has agreed with its syndicate of senior lenders, consisting of the Canadian Imperial Bank of Commerce and ATB Financial, to amend the existing Facility and extend it through to October 31, 2013 to facilitate the continuing debt restructuring process. Terra is a junior oil and gas corporation engaged in the [Read more]
Huntington Announces Appointment of New CFO and New Board Member
CALGARY, ALBERTA--(Marketwired - Oct. 11, 2013) - Huntington Exploration Inc. ("HEI" or the "Corporation") (TSX VENTURE:HEI) is pleased to announce that Ms. Sharon Evans, CGA has been appointed Chief Financial Officer of HEI. In addition, Robert V. Shields has been appointed to the Board of Directors of HEI, as an independent director. The officers of the Corporation are now: Robert Verhelst - President and CEO; Sharon Evans - CFO; and J. Timothy Bowes - Vice-President, Land and [Read more]
Business leaders turn screws on Obama to approve Keystone
TORONTO - A who's who of North America's business leaders are turning the screws on the Obama administration to approve the Keystone XL pipeline. They've sent a letter to Obama urging him to approve the controversial pipeline problem. The letter is signed by more than 165 CEO's and presidents of companies ranging from Boeing to AT&T to Caterpillar Inc. and ExxonMobil. The letter says the decision on Keystone will affect both investor confidence and the ability of the U.S. economy to [Read more]
Kallisto Recovers Oil from Crossfield 16-26 Elkton Test
CALGARY, ALBERTA--(Marketwired - Oct. 10, 2013) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased to announce that it has recovered 32° API Elkton crude oil during operations to recover fluids used in the 16-26-027-01W5 ("16-26") completion. The recovery of crude oil from the 16-26 well is consistent with Kallisto's geological interpretation that the well would encounter a down-dip Elkton oil leg. The interpreted oil leg is on the same trend as multiple [Read more]
Oliver to China: investment hasn’t dried up
OTTAWA - Natural Resources Minister Joe Oliver is off to China to tell investors there that their prospects in Canada remain strong. Oliver tells The Canadian Press that he is going to make the point that it is not any harder for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago. Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada's lucrative oil and gas sector. Prentice, a [Read more]
Police stop anti-Enbridge pipeline protest in Montreal
MONTREAL - Police have moved in to block a few dozen protesters from marching in Montreal near the site of hearings for a pipeline project.The protesters oppose the proposal by Enbridge Inc. (TSX:ENB) to reverse the flow of a pipeline to send oilsands crude eastward. The plan is being examined at hearings this week in Montreal by the National Energy Board.Enbridge: manifestation d’opposants à #Montréal. http://t.co/1EUoAtw7Qm pic.twitter.com/0hCu7eufZr— Métro Montréal (@metromontreal) [Read more]
First Nations Make Case to UN Special Rapporteur That Gateway Approval Would Violate International Law
VANCOUVER, BRITISH COLUMBIA/COAST SALISH TERRITORY--(Marketwired - Oct. 10, 2013) - The Yinka Dene Alliance (YDA) met in Vancouver today with the United Nations Special Rapporteur on the Rights of Indigenous Peoples, James Anaya, to present evidence that Canada and British Columbia would be breaching international law if they approve Enbridge's Northern Gateway pipeline proposal over YDA's strong and clearly expressed opposition. YDA is an alliance of six First Nations whose members' [Read more]
Saskatchewan oil and natural gas sales down in October
REGINA - There has been a drop in the sale of oil and natural gas rights in Saskatchewan. The province says the October sale of Crown rights has brought in $9.1 million. That compares to $15.2 million for the same time last year. Energy Minister Tim McMillan says the change reflects a shift in focus by the energy industry as companies drill what they already have rather than buying new rights. The ministry expects energy land sales to increase next year as more leases become [Read more]
TransCanada Welcomes the Support of Over 165 Business Leaders Calling for Approval of Keystone XL
CALGARY, ALBERTA--(Marketwired - Oct. 10, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) agrees with dozens and dozens of top business leaders who are speaking out in favour of the Keystone XL pipeline project. The CEOs, presidents and chairpersons representing a diverse group of industries, including members of the National Association of Manufacturers, the Business Roundtable and U.S. Chamber of Commerce have sent a letter to President Barack Obama emphasizing the [Read more]