MURMANSK, Russia (AP) — A Russian court on Thursday jailed the U.S. captain of a Greenpeace ship along with a Russian photographer and several activists who were part of a group protesting near an oil platform in the Arctic last week. two months detention for Greenpeace activists, pending piracy investigation http://t.co/hMlbXYfUZY pic.twitter.com/GmXHBOMpOW— Saskia Richartz (@seafishinfuture) September 26, 2013 The Russian Coast Guard disrupted an attempt by the activists on Sept. 18 [Read more]
News
Most American’s support Keystone, oppose fracking!
According to a Pew research poll, most American's support the Keystone XL pipeline but oppose fracking. The study found 65% of Americans are in favor of building the pipeline, with Democrats showing 51% support and Republican support at 82%. When it comes to fracking, 44% of Americans favor and 49% oppose increased use. Read the entire report here... [Read more]
Harper on Keystone: WON’T TAKE NO FOR AN ANSWER
NEW YORK - Canada "won't take no for an answer" from the U.S. when it comes to the Keystone XL pipeline, Prime Minister Stephen Harper said Thursday as he sharpened his sales pitch for the controversial cross-border energy proposal.The logic in support of the project going ahead is "overwhelming," and governments at all levels on both sides of the Canada-U.S. border are endorsing it, Harper told a high-powered business audience in New York."My view is that you don't take no for an answer," [Read more]
U.S. bill could overhaul pipeline reviews
By Lauren Krugel A bill proposed in the U.S. House of Representatives would overhaul how cross-border energy projects such as the Keystone XL pipeline are reviewed.The North American Energy Infrastructure Act is co-sponsored by Michigan Republican Fred Upton and Texas Democrat Gene Green.Under the bill, a project must be approved within 120 days, unless it's found be against the national security interest of the United States.The current review process for projects such as TransCanada Corp.'s [Read more]
Lone Pine announces restructuring deal with noteholders, TSX suspends
CALGARY - Lone Pine Resources Inc. (TSX:LPR) said Wednesday that it has reached an agreement on a restructuring plan with holders of about three quarters of its outstanding senior notes. If successfully implemented, the Calgary-based oil and natural gas developer said the plan would reduce its debt obligations and improve access to capital. "The proposed restructuring transaction is the result of a lengthy evaluation and deliberation by Lone Pine's management and board of directors, [Read more]
MEG Energy announces proposed private offering of Senior Unsecured Notes
CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. announced today that it is planning to commence, subject to market and other conditions, a private offering of US$750 million in aggregate principal amount of senior unsecured notes due in 2024. MEG intends to use the net proceeds from this offering for general corporate purposes, including funding its 2014 capital program. The senior notes to be offered by MEG will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. [Read more]
Oil discovery offshore Newfoundland could yield up to 600 million barrels
ST. JOHN'S, N.L. - A Norwegian energy firm is estimating that an untapped oil field off Canada's east coast contains between 300 and 600 million barrels of recoverable oil, making it one of the biggest discoveries in recent years."We believe this has the potential to open a new region offshore," Bard Glad Pedersen, director of communications for Statoil, said in a telephone interview Thursday."We will be working with our partners and authorities to enable a positive development for the companies [Read more]
Husky Announces Significant Discoveries in Flemish Pass Offshore Newfoundland
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Husky Energy (TSX:HSE) is progressing its Atlantic Region growth pillar with a focus on several recent exploration discoveries and advancement of near-field development projects. New opportunities and stable, high net value production provide a strong foundation for the Company's future growth in the region. Pioneering the Flemish Pass Basin Husky with its partner Statoil recently conducted a successful exploration program in the [Read more]
Renegade Petroleum Ltd. Provides Drilling and Operational Update
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused exploration and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, provides the following update on its post break-up drilling program focused in southeast Saskatchewan and in the Viking play in west central Saskatchewan. OPERATIONAL UPDATE Southeast Saskatchewan Renegade now has inital [Read more]
Sunshine Oilsands Ltd. Announces Transaction Outline Letter for Muskwa and Godin Areas
CALGARY, Alberta, Sept. 25, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to confirm that further to its August 19, 2013 announcement, discussions and negotiations have advanced and it has now signed a non-legally binding Transaction Outline Letter with the same international third party to pursue a joint venture involving its Muskwa and Godin area oil sands leases. The Transaction Outline Letter provides for a 50 - 50 joint venture [Read more]