CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB). FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2013) Second quarter 2013 production averaged 4,930 barrels of oil and liquids per day, a four percent decrease from the preceding quarter and second quarter 2013 natural gas production averaged 14.8 million cubic feet per day, a three percent decrease from the preceding [Read more]
News
Lone Pine Resources Announces Second Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (TSX:LPR)(NYSE:LPR) today announced financial and operational results for the second quarter of 2013. Selected highlights for the second quarter of 2013 include: Average net sales volumes of 46.7 MMcfe/d with oil and NGLs weighting of 33% Oil and NGLs net sales volumes of 2,564 bbls/d Adjusted EBITDA of $14.8 million and adjusted [Read more]
BlackPearl Announces Second Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX) (OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2013. Second quarter highlights include: Oil and gas production for the quarter averaged 9,986 boe/day, a 10% increase compared to Q1; Cash flow from operations was $22.8 million, a 15% increase from a [Read more]
No More Spills? New Technology Could Transform the Pipeline Sector
The 2010 Kalamazoo spill and the 2013 Exxon leak in Arkansas are the most glaring incidents, but these are just the big leaks that are found right away and reported. Most leaks are found eventually—but there is money to be saved and damage to be avoided by catching them at the smallest rupture. Right now, we rely on pigs in the pipeline to do this. It's called "pigging". Pigs are inspection gauges that can perform various maintenance operations on a pipeline—from inspection to [Read more]
West-east pipeline benefits Canada: Harper
SAINT JOHN, N.B. - The proposed Energy East Pipeline isn't solely to transport Alberta's crude to world markets, but also to finally provide the East Coast with a large, secure supply of domestic oil, Prime Minister Stephen Harper said Thursday.Harper was visiting the Irving Oil refinery in Saint John, where he said the TransCanada (TSX:TRP) pipeline would benefit consumers in Atlantic Canada, a region that depends on foreign sources of oil."We're not just expanding our markets for our [Read more]
Inter Pipeline Fund Announces Transportation Agreement for Canadian Natural Resources Kirby South Oil Sands Project
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a long term agreement with Canadian Natural Resources ("CNR") to transport diluent and bitumen blend for the Kirby South oil sands project. Approximately $95 million in pipeline and associated facilities have been constructed to connect the Kirby South production site to the Cold Lake pipeline system. Under the terms of the agreement, CNR has [Read more]
Oil helps keep Saskatchewan budget in black as potash and other revenues fall
REGINA - Falling revenue from potash, taxes and Crown land sales is hitting Saskatchewan's bottom line, but more oil money is keeping the books in the black so far.The Saskatchewan government said in its first-quarter budget update that stronger oil prices are expected to increase revenue by $92 million. But revenue from Crown land sales is forecast to drop $45.6 million, potash revenue is expected to be down $21.3 million and tax revenue looks to fall by $15 million from March budget [Read more]
Analyst: LNG-powered vehicles in China to rise tenfold by 2020
SINGAPORE (AP) — The number of vehicles fueled by liquefied natural gas in China will rise tenfold to 800,000 by 2020, according to Sanford C. Bernstein & Co. The need for LNG to power the vehicles will increase to 18 billion cubic meters, from 1.8 billion last year, Neil Beveridge, a Hong Kong-based analyst at Bernstein, said in a report Monday. “While there are some minor government policies to encourage conversion to use LNG, we feel that one important incentive is interest-free loans [Read more]
Angle Energy Inc. Announces 2013 Second Quarter Results and Updates 2013 Full-Year Guidance
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - Angle Energy Inc. ("Angle" or the "Company") (TSX:NGL) today announced the financial and operating results for the three and six months ended June 30, 2013. Angle reported strong earnings of $6.9 million for the second quarter of 2013 or $0.09 per share, an increase of approximately $4.5 million or 190% over the same period of 2012. The improvement is primarily a result of increased realized commodity prices and gains related to the sale of minor [Read more]
Imperial and ExxonMobil Canada Acquire ConocoPhillips’ Interest in Clyden Oil Sands Lease
226,000 gross acres amenable to SAGD recovery Acreage is near Imperial's Corner lease holdings Transaction subject to federal Competition Bureau review CALGARY, Aug. 8, 2013 /CNW/ - Imperial Oil and ExxonMobil Canada have acquired ConocoPhillips' interest in the Clyden oil sands lease, 150 kilometres south of Fort McMurray, Alberta. The Clyden lease is near Imperial's Corner lease holdings and contains 226,000 gross acres amenable to the in-situ recovery technique called Steam-Assisted [Read more]