SAINT JOHN, N.B. - Irving Oil says it plans to build a $300-million marine terminal in Saint John, N.B., following an announcement from TransCanada Corp. (TSX:TRP) that it has decided to proceed with its Energy East Pipeline project.The private New Brunswick company issued a statement Thursday saying the Canaport Energy East Marine Terminal at its refinery in Saint John would handle crude oil flowing from western Canada and export it to world markets."The Canaport Energy East Marine [Read more]
News
Obama emphasizes Keystone climate implications in meeting with Democrats
WASHINGTON - U.S. President Barack Obama pointed to the global climate implications of approving TransCanada's Keystone XL pipeline during a wide-ranging Capitol Hill meeting on Wednesday with Democratic lawmakers.Facing tough questions from some of his congressional allies about an apparent reluctance to approve the project, Obama called the debate a "global issue," Maryland Sen. Ben Cardin told reporters following the meeting."He pointed out this is a global issue, even more so than [Read more]
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2013
CALGARY, Aug. 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report interim operating and unaudited financial results for the three and six months ended June 30, 2013. HIGHLIGHTS We recorded the strongest operating quarter in our history in the second quarter of 2013. Thus far, our capital program has achieved better than anticipated results, generating production growth in all four of our business units. The [Read more]
Imperial Oil announces estimated second quarter financial and operating results
CALGARY, Aug. 1, 2013 /CNW/ - Second quarter Six months (millions of dollars, unless noted) 2013 2012 % 2013 2012 % Net income (U.S. GAAP) 327 635 (49) 1,125 1,650 (32) Net income per common share - assuming dilution (dollars) 0.38 0.75 (49) 1.32 1.94 (32) Capital and exploration expenditures 1,637 1,308 25 4,613 2,481 86 Rich Kruger, [Read more]
Suncor Energy reports 2013 second quarter results
CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Effective January 1, 2013, Suncor adopted new and amended accounting standards, described in the Other [Read more]
TransCanada to Proceed with 1.1 Million Barrel/Day Energy East Pipeline Project to Saint John
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) is pleased to announce it is moving forward with the 1.1 million barrel per day (bbl/d) Energy East Pipeline project based on binding, long-term contracts received from producers and refiners. The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from Western Canada to [Read more]
Enbridge Reports Second Quarter Adjusted Earnings of $306 Million or $0.38 Per Common Share
CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars) Second quarter earnings were $42 million and six months earnings were $292 million, both including net unrealized non-cash mark-to-market losses Second quarter and six months adjusted earnings increased 12% to $306 million and 23% to $794 million, respectively [Read more]
Long Run Exploration Ltd. Announces Second Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Long Run Exploration Ltd. ("Long Run" or the "Corporation") (TSX:LRE) is pleased to report financial and operational results for the quarter ended June 30, 2013. The unaudited financial statements of Long Run for the quarter ended June 30, 2013 and the related Management's Discussion and Analysis ("MD&A") can be accessed on-line on SEDAR at www.sedar.com or on Long Run's website at www.longrunexploration.com. ACCOMPLISHMENTS [Read more]
Increased storage needed for natural gas in Nova Scotia: provincial study
HALIFAX - A study prepared for Nova Scotia's provincial government says natural gas customers in the province are forced to buy the fuel from the New England market in the coldest months, driving up the price.The study by ICF Consulting Canada Inc. says more natural gas storage is needed in the province to help moderate the price hikes in the winter.Last winter, dwindling natural gas reserves coupled with price fluctuations prompted the province to launch the study on how it can secure [Read more]
RockBridge Appoints Senior Vice-President
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that it has appointed Mr. Dario Sodero, of Calgary, Alberta as its new Senior Vice-President. Mr. Sodero, who has been a director of RockBridge since January 2011, will oversee the Company's operations and will be an integral part of the Company's ongoing consideration of further possible acquisitions or strategic alternatives. [Read more]