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]
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Lone Pine Resources Announces Restructuring Agreement With Noteholders and Related Court Proceedings
CALGARY, ALBERTA--(Marketwired - Sept. 25, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that it has reached agreement with holders (the "Supporting Noteholders") of approximately 75% of the outstanding 10.375% Senior Notes due 2017 (the "Senior Notes") issued by Lone Pine Resources Canada Ltd. ("LPR Canada") on a restructuring plan that, if successfully implemented, will significantly reduce the Company's debt obligations and materially improve the Company's [Read more]
RCMP say oil leak after CN train derails near Saskatchewan town, school closed
LANDIS, Sask. - A hazardous material crew is on the scene of a Canadian National train derailment in western Saskatchewan involving one rail car leaking oil.A spokesman with CN (TSX:CNR) says 17 train cars derailed, some tipping onto their sides, shortly after 4 a.m. just east of the village of Landis, west of Saskatoon.Warren Chandler says the amount of the oil leak is not known but vacuum trucks are being used to clean up the spill.Train derailment near Landis pic.twitter.com/Ryasa7aOUZ— [Read more]
Two Alberta politicians Euro bound to head off anti oilsands resolution
EDMONTON - Alberta Premier Alison Redford is dispatching two senior ministers across the Atlantic on a barnstorming blitz to head off a proposed European Union resolution impacting the oilsands.International Relations Minister Cal Dallas and Environment Minister Diana McQueen will visit European capitals from Sweden to Romania for a week beginning Saturday to talk to government members, influence-makers, and fence-sitters about their concerns over the EU's Fuel Quality Directive."We support [Read more]
Environmentalists to Obama: Nix pipeline regardless of Canada’s climate vows
OTTAWA - American environmentalists are urging the White House not to make any deals with Canada that would green-light TransCanada's Keystone XL pipeline — even if America's neighbour to the north gets tougher on carbon emissions.The letter to U.S. President Barack Obama from a coalition of environmental leaders, as well as liberal organizations, argues that Keystone cannot exist alongside efforts to contain climate change."Our rationale is simple," the letter read. "Building Keystone XL will [Read more]
Federal officials, First Nations meeting to talk pipelines, energy concerns
OTTAWA - Representatives of the federal government are in British Columbia this week to hear from First Nations about their concerns over the proposed Northern Gateway pipeline and other energy projects in Western Canada.The Vancouver meetings were arranged earlier this month to give top bureaucrats from seven federal departments an opportunity to hear aboriginals' views on energy and infrastructure projects.Chief Andy Phillips of the Scowlitz First Nation said the main topic of conversation at [Read more]
Alberta issues environmental protection order for Primrose oilsands project
COLD LAKE, Alta. - The Primrose oilsands project in northern Alberta has been issued an environmental protection order.The Alberta government says Canadian Natural Resources Ltd. (TSX:CNQ) must remove most of the water from one of its bitumen leak sites before it freezes.The government says in a release that removing the water from the affected waterbody will help permanent containment measures be put in place over the winter.The water can be restored next spring.In July, the Calgary-based [Read more]
Softrock issues progress report
CALGARY, Sept. 24, 2013 /CNW/ - Nick Taylor, president and CEO of Softrock Minerals Ltd (TSX-V SFT) released a progress report on the company's Alberta activities He states that the company has applied to the Alberta Government for a lease extension on their 640 ac oil and gas lease in the Charlie Lake producing trend of Northwest Alberta to give more time for farmout negotiations He further notes that in the last few weeks , the main operator in the area , Exshaw Oil Corp ( a subsidiary [Read more]
Harper, Japanese PM Shinzo Abe talk shale gas in Ottawa
OTTAWA - Japan's visiting prime minister is keen to talk to Prime Minister Stephen Harper about exporting Canadian shale gas to his energy-hungry country.Shinzo Abe is in Ottawa for a brief visit before heading to the United Nations General Assembly this week.Harper will also be in New York, but unlike Abe he won't be addressing the assembly — a decision seen by some analysts as part of an ongoing snub of the UN.Harper welcomed Abe to his Parliament Hill office, where Japanese officials say [Read more]
Aroway Energy Inc. Executes Farm-In at Kerrobert Area of Central Saskatchewan
CALGARY, ALBERTA--(Marketwired - Sept. 24, 2013) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that it has entered into a Farmout Agreement (the "Farmout Agreement") dated August 30, 2013 with a private oil and gas Company ("Privco"), pursuant to which Privco has agreed to Farmout a 100% interest in 9 sections (5,760 acres) (the "Farmout Lands") in the Kerrobert area of Central Saskatchewan. Pursuant to the Farmout [Read more]